Acceptance Obligation of the Company Sample Clauses

Acceptance Obligation of the Company. The Company hereby unconditionally agrees to pay to the Administrative Agent in immediately available funds the face amount of each Draft as to which an Acceptance was created by the Administrative Agent on the maturity date thereof, or on such earlier date as may be required pursuant to other provisions of this Agreement.
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Acceptance Obligation of the Company. 27- 3.5 Prepayment. . . . . . . . . . . . . . . . . . . . . . . .-27- 3.6 Participations in Acceptances . . . . . . . . . . . . . . -28- (a) Grant and Acceptance of Participations in Acceptances. .-28- (b) Participation Interest of Acceptance Participants. . . .-28- (c) Failure of Company to Pay an Acceptance; Rights and Obligations of the Administrative Agent and the Acceptance Participants. . . . . . . . . . . . . . . . .-28- 4. THE BID LOAN FACILITY . . . . . . . . . . . . . . . . . . .. . -29- 4.1 The Bid Loan Facility . . . . . . . . . . . .. . . . . . -29- 4.2 Bid Loan Tender Request Notice. . . . . . . . . . . . . .-29- 4.3 Invitation to Tender for Bid Loans . . . . . . . . . . . -30- 4.4 Submission and Contents of Bid Loan Tenders . . . . . . .-30- 4.5 Notice to the Company . . . . . . . . . . . . . . . . . .-31- 4.6 Acceptance and Rejection of Bid Loan Tenders . . . . . . -32- (a) Acceptance and Notice by the Company . . . . . . . .-32- (b) Allocation by the Administrative Agent . . .. . . . -32- (c) Notification of Acceptances to Banks. . . . . . . . -32- (d) Notification of LIBO Rate for Money Market Loans . .-33- 4.7 Making the Bid Loans. . . . . . . . . . . . . . . . . . -33- 4.8 The Bid Loan Notes . . . . . . . . . . . . . . . . . . . -33- 4.9 Interest on Bid Loans . . . . . . . . . . . . . . . . . .-33- 4.10 Payments and Prepayments of Bid Loans . . . . . . . . . .-34- 4.11 Reborrowings. . . . . . . . . . . . . . . . . . .. . . . -34- 5. [RESERVED]. . . . . . . . . . . . . . . . . . . . . . . . .. . -34- 6. THE BID BANKERS ACCEPTANCE FACILITY . . . . . . . . . . . . . -34- 6.1 The Bid Bankers Acceptance Facility . . . . .. . . . . . -34- 6.2 Bid Bankers Acceptance Tender Request Notice. . . . . . .-34- 6.3 Invitation to Tender for Bid Bankers Acceptances . . . . -35- 6.4 Submission and Contents of Bid Bankers AcceptancesTenders-35- 6.5 Notice to the Company. . . . . . . . . . . . . . . . . . -37- 6.6 Acceptance and Rejection of Bid Bankers Acceptance Tenders-37- (a) Acceptance and Notice by the Company . . . . . . . -37- (b) Allocation by the Administrative Agent . . .. . . . -37- (c) Notification of Acceptances to Bank.. . . . . . . . -37- 6.7 Preparation of Drafts and Creation and Discount of the Bid Bankers Acceptance. .. . . . . . . . . . . . . . . . -38- 6.8 Repayment Obligation of the Company; Prepayments . . . . -39- 6.9 Remission of Funds Received by the Administrative Agent .-39-

Related to Acceptance Obligation of the Company

  • Obligation of the Company In connection with the registration of the Registrable Securities, the Company shall do each of the following:

  • Conditions to the Obligation of the Company The obligation of the Company to effect the Merger shall be subject to the satisfaction or waiver prior to the Effective Time of the following additional conditions:

  • Conditions of the Obligation of the Company The obligation of the Company to deliver the Stock shall be subject to the conditions that (a) the Registration Statement shall have become effective and (b) no stop order suspending the effectiveness thereof shall be in effect and no proceedings therefor shall be pending or threatened by the Commission. In case either of the conditions specified in this Section 10 shall not be fulfilled, this Agreement may be terminated by the Company by giving notice to you. Any such termination shall be without liability of the Company to the Underwriters and without liability of the Underwriters to the Company; provided, however, that in the event of any such termination the Company agrees to indemnify and hold harmless the Underwriters from all costs or expenses incident to the performance of the obligations of the Company under this Agreement, including all costs and expenses referred to in paragraphs (i) and (j) of Section 6 hereof.

  • Conditions to Obligation of the Company The obligation of the Company to effect the Merger is also subject to the satisfaction or waiver by the Company at or prior to the Effective Time of the following conditions:

  • Obligation of the Company Unconditional Nothing contained in this Article or elsewhere in this Subordinated Indenture or in the Subordinated Securities is intended to or shall impair, as between the Company, its creditors other than the holders of Senior Indebtedness, and the Holders of the Subordinated Securities, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Subordinated Securities the principal of (and premium, if any) and interest payable in the respect of the Subordinated Securities as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders of the Subordinated Securities and creditors of the Company other than the holders of Senior Indebtedness nor shall anything herein or therein prevent the Trustee or the Holder of any Security from exercising all remedies otherwise permitted by applicable law upon default under this Subordinated Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness in respect of cash, property or Subordinated Securities of the Company received upon the exercise of any such remedy. Upon any payment or distribution of assets of the Company referred to in this Article, the Trustee and the Holders of the Subordinated Securities shall be entitled to rely upon any order or decree made by any court of competent jurisdiction in which any such dissolution, winding up, liquidation or reorganization proceeding affecting the affairs of the Company is pending or upon a certificate of the trustee in bankruptcy, receiver, assignee for the benefit of creditors, liquidating trustee or agent or other person making any payment or distribution, delivered to the Trustee or to the Holders of the Subordinated Securities, for the purpose of ascertaining the persons entitled to participate in such payment or distribution, the holders of the Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon, the amount paid or distributed thereon and all other facts pertinent thereto or to this Article.

  • Certain Obligations of the Company The Company agrees that it will ---------------------------------- not increase the par value of the shares of Warrant Stock issuable upon exercise of this Warrant above the prevailing and currently applicable Exercise Price hereunder, and that before taking any action that would cause an adjustment reducing the prevailing and current applicable Exercise Price hereunder below the then par value of the Warrant Stock at the time issuable upon exercise of this Warrant, the Company will take such corporate action, as in the opinion of its counsel, may be necessary in order that the Company may validly issue fully paid, nonassessable shares of such Warrant Stock upon the exercise of this Warrant. The Company will maintain an office or agency (which shall initially be the Company's principal office in Redwood City, California) where presentations and demands to or upon the Company in respect of this Warrant may be made and will give notice in writing to the registered holders of the then outstanding Warrants, at their addresses as shown on the books of the Company, of each change of location thereof.

  • Obligations of the Company Upon Termination (a) Termination by the Company for Cause or by the Executive other than for Good Reason. If, during the Employment Period, or any Additional Employment Period, the Executive’s employment with the Company is terminated by the Company for Cause or by the Executive other than for Good Reason (and not due to death or Disability), the Company shall have no further payment obligations to the Executive or his legal representatives under this Agreement, other than for:

  • Acceleration of the Obligations Upon or at any time after the occurrence and during the continuance of an Event of Default, (i) the Revolving Loan Commitments shall, at the option of Agent or Majority Lenders be terminated and/or (ii) Agent or Majority Lenders may declare all or any portion of the Obligations at once due and payable without presentment, demand protest or further notice by Agent or any Lender, and Borrowers shall forthwith pay to Agent, the full amount of such Obligations, provided, that upon the occurrence of an Event of Default specified in subsection 10.1.8 hereof, the Revolving Loan Commitments shall automatically be terminated and all of the Obligations shall become automatically due and payable, in each case without declaration, notice or demand by Agent or any Lender.

  • Additional Conditions to Obligation of the Company The obligation of the Company to effect the Merger is also subject to the following conditions:

  • Conditions to the Obligations of the Company The obligations of the Company to consummate the Merger are subject to the satisfaction or waiver (where permissible) of the following additional conditions:

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