Accordian Feature Sample Clauses

Accordian Feature. Notwithstanding anything to the contrary, from time to time and so long as no Default or Event of Default has occurred and is continuing, the Borrower may request that (a) a Bank increase its Revolving Commitment Amount, or (b) a bank chartered under the laws of the United States or a commercial finance company or other institutional commercial lender that, in all cases, is acceptable to the Agent (a “New Bank”) be added as a “Bank ” under this Agreement with a Revolving Commitment, for the purpose of increasing the Aggregate Revolving Commitment Amounts; provided, that upon giving effect to any such new Revolving Commitment, the Revolving Commitment Amount of the New Bank shall not be less than $10,000,000; and provided further, that the Aggregate Revolving Commitment Amounts, after giving effect to any such increased Revolving Commitment and/or new Revolving Commitment, shall not exceed $425,000,000, reduced by the aggregate amount of the reductions in the Revolving Commitment Amounts pursuant to Section 2.15. The Borrower and each Bank increasing its Revolving Commitment Amount or New Bank shall agree on the date as of which the increased Revolving Commitment Amount or the New Bank’s Revolving Commitment Amount shall become effective, and each New Bank shall execute and deliver an instrument in the form prescribed by Agent (which instrument need not be executed by any other Bank in order to be effective) to evidence its agreement to be bound by this Agreement and the other Loan Documents and each Bank increasing its Revolving Commitment Amount shall execute documentation evidencing such increase. Upon the effective date (the “Increase Date”) of an increase in any Bank’s Revolving Commitment Amount or inclusion of a New Bank as a Bank under this Agreement (the “Subject Bank”), the Agent shall deliver to the Borrower and each Bank a notice setting forth the revised Aggregate Commitment Amounts. Further, upon the Increase Date, the Subject Bank shall make Revolving Loans and buy Letter of Credit Participations as calculated by the Agent so that its outstanding Revolving Loans and Letter of Credit Participations are equal to its respective Revolving Percentage of all Revolving Loans and Letter of Credit Participations outstanding on such date and the Agent shall distribute the proceeds of such Revolving Loans to the other Banks in accordance with their Revolving Percentages of all Revolving Loans outstanding on the Increase Date, and each Bank’s Letter of C...
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Related to Accordian Feature

  • Customer Agreement In the event of a conflict between this Agreement and any other agreement between the Bank and the Grantor, the terms of this Agreement will prevail.

  • Product Support (a) This Agreement does not include technical support by MS to Company, OEM Customers or any end users. Company may be able to purchase technical support services from MS or a MS Party, under a separate agreement.

  • Programming Seller shall not make any material changes in the broadcast hours or in the percentages of types of programming broadcast by the Station, or make any other material change in the Station's programming policies, except such changes as in the good faith judgment of the Seller are required by the public interest.

  • Product Changes IDSI reserves the right to make design and other modifications in the Equipment at any time but shall not be obligated to implement such modifications in Equipment that has previously been delivered.

  • Technology Access Fee In consideration of the licenses and rights granted to Regado herein, Regado shall, as of the date immediately preceding the closing (the “Closing”) of the first equity financing of Regado in which Regado is assigned a pre-money valuation of not less than [***] dollars ($[***]), issue to Archemix fully-paid and non-assessable shares of common stock of Regado equal to [***] percent ([***]%) of the total number of equity shares of Regado, on a fully diluted basis, immediately prior to the issuance of shares at the Closing. Regado shall deliver written notice of the Closing to Archemix at least [***] business days prior to such Closing in accordance with the notice provisions contained in Section 14.1 of this Agreement. Archemix and Regado shall enter into such agreements relating to the issuance of the common stock as are customary under such circumstances. For the purpose of this Agreement, “fully diluted basis” shall mean the aggregate of (a) the number of shares of common stock issued and outstanding on the determination date, (b) the number of shares of common stock issuable upon exercise, exchange or conversion of all exercisable, exchangeable or convertible securities outstanding on the determination date, assuming such securities were exercised, exchanged or converted on the determination date (without regard to whether such securities are actually exercisable, exchangeable or convertible on the determination date) and (c) the number of shares of common stock issuable pursuant to any other obligation or agreement of, or right granted by, Regado, whether vested or unvested, contingent or otherwise.

  • Licensed Software Section 3.17(f).......................................27

  • Customer Agreements In addition to other provisions hereof, MBC ------------------- shall not distribute any Cooperative Application or MBC Product to any Person unless MBC shall have first notified and required such Person to execute a customer agreement: (i) provided by InterTrust; or (ii) provided by MBC that (a) has been previously approved in writing by InterTrust and (b) is in accordance with the terms of this Section 6.2 (the "Customer Agreement"). The ------------------ terms of such Customer Agreement relating to InterTrust Technology may be amended from time to time by InterTrust as may be reasonably necessary to protect InterTrust's rights hereunder, but solely for subsequent executions of such Customer Agreement and as herein provided. The Customer Agreement shall contain, at minimum and as relevant hereunder, terms that: (1) notify MBC customers of the restrictions on MBC's rights with respect to performing Clearinghouse Functions, granting sublicenses, and otherwise restricting the rights of such customers with respect to use of the MBC Product or Cooperative Application, as applicable, especially the InterTrust Technology incorporated therein; (2) prohibit customers from disassembling, modifying or reverse engineering any portion of the InterTrust Technology incorporated in the MBC Product or Cooperative Application; (3) stipulate that such customer has no right to use the MBC Product or Cooperative Application to engage in or perform any Clearinghouse Functions whatsoever without InterTrust's express authorization pursuant to a written license agreement directly between such customer and InterTrust; (4) prohibit such customer from using the Cooperative Application or MBC Product to make and/or exploit any commercial product other than a Vertical Application; (5) provide that the Customer Agreement is to and for InterTrust's benefit and may be enforced by InterTrust at its discretion; and (6) contain such other provisions as stipulated herein. MBC agrees that to the extent any form of Customer Agreement might be deemed to be unenforceable or otherwise ineffective in any jurisdiction, MBC shall substitute other forms of Customer Agreements, or take other actions, as reasonably specified by InterTrust, including, for example, specifying other generally accepted, legally effective forms of Customer Agreement, if such exists for a given jurisdiction, in order to provide InterTrust with legally enforceable protection contemplated hereunder, including protection against implied licenses and claims of patent exhaustion relating to InterTrust Technology. MBC agrees and acknowledges that MBC's performance of its obligations hereunder is necessary for InterTrust to adequately protect its Intellectual Property Rights made available hereunder, and such performance shall constitute a condition precedent to the licenses granted under Article 5 hereof.

  • Technical Support State Street will provide technical support to assist the Fund in using the System and the Data Access Services. The total amount of technical support provided by State Street shall not exceed 10 resource days per year. State Street shall provide such additional technical support as is expressly set forth in the fee schedule in effect from time to time between the parties (the “Fee Schedule”). Technical support, including during installation and testing, is subject to the fees and other terms set forth in the Fee Schedule.

  • Products and Services Part 2.9(a) of the Disclosure Schedule accurately identifies and describes each Company Product currently being designed, developed, manufactured, marketed, distributed, provided, licensed, or sold by the Company.

  • TECHNICAL SUPPORT SERVICES 2.1 The technical support services (the "Services"): Party A agrees to provide to Party B the relevant services requested by Party B, which are specified in Exhibit 1 attached hereto ("Exhibit 1").

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