ADDITIONAL FINANCIAL SECURITY Sample Clauses

ADDITIONAL FINANCIAL SECURITY. In addition to the Security Deposit required under Section 1.16 of this Lease, Tenant has deposited with Landlord as additional financial security, an irrevocable, standby letter of credit from an accredited financial institution, in the amount of Seventy-five Thousand and 00/100 ($75,000.00) dollars (the "Letter of Credit"). Following the end of the seventh (7th) month of the term of this Lease and provided Tenant is not then in default under the terms hereunder, then commencing on the eighth (8th month), the Letter of Credit shall be reduced by $15,000.00 per month, for every month Tenant is not in default under the terms of this Lease, until the balance has been reduced to zero. The proceeds of the Letter of Credit shall be applied in accordance with the terms of Section 21.8 of this Lease and shall be assignable to Xxxxxxx Real Estate Company, A Minnesota Limited Partnership and/or Xxxxxxx Real Estate Company, Inc., without the consent of Tenant. Additionally, in partial consideration for Landlord agreeing to the terms of this Lease, Xxxxxxx Real Estate Company, Inc. or Xxxxxxx Real Estate Company, A Minnesota Limited Partnership (collectively, "Xxxxxxx Real Estate Company") shall be entitled to subscribe for and purchase from Tenant, in its sole discretion and at the price of $5.00 per share, up to a maximum of 10,000 fully paid and non-assessable shares of Tenant's stock. Xxxxxxx Real Estate Company may exercise this warrant at any time during the ten (10) year period commencing on the date hereof. The terms of this stock subscription warrant shall be set forth in a separate document executed by Tenant. EXHIBIT "B" BUILDING LEGAL DESCRIPTION As of the execution date of the Lease, the Legal Description of the Complex is: OUTLOT H, XXXXXXX CENTER 9TH ADDITION ACCORDING TO THE RECORDED PLAT THEREOF, AND SITUATE IN HENNEPIN COUNTY, MINNESOTA. On or before July 30, 2000, Landlord shall re-plat the Complex and Landlord intends that the new Complex Legal Description will be : 000 XXXXXXX XXXXXXX (THE "BUILDING") XXX 0, XXXXX 0, XXXXXXX XXXXXX 16TH ADDITION ACCORDING TO THE RECORDED PLAT THEREOF, AND SITUATE IN HENNEPIN COUNTY, MINNESOTA. 000 XXXXXXX XXXXXXX XXX 0, XXXXX 0, XXXXXXX XXXXXX 16TH ADDITION ACCORDING TO THE RECORDED PLAT THEREOF, AND SITUATE IN HENNEPIN COUNTY, MINNESOTA. EXHIBIT "C" PREMISES AND BUILDING SITE PLAN EXHIBIT "D" LANDLORD'S WORK "BASE BUILDING" The following work is to be done by Landlord or its agent(s) at Landlord's sole expense.
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Related to ADDITIONAL FINANCIAL SECURITY

  • Additional Financing Except as otherwise provided in this Article V, no Member shall be obligated or permitted to contribute any additional capital to the Company without the consent of the Board of Managers. No interest shall accrue on any contributions to the capital of the Company, and no Member shall have the right to withdraw or to be repaid any capital contributed by it or to receive any other payment in respect of its interest in the Company, including without limitation as a result of the withdrawal or resignation of such Member from the Company, except as specifically provided in this Agreement. The records of the Company shall be adjusted to reflect any additional contributions to the capital of the Company made pursuant to Section 5.2.

  • Additional Financial Information (a) In addition to all other information required to be provided pursuant to this Article 6, the Borrower promptly shall provide the Agent (and any guarantor of the Liabilities), with such other and additional information concerning the Borrower, the Collateral, the operation of the Borrower’s business, and the Borrower’s financial condition, including original counterparts of financial reports and statements, as the Agent may from time to time reasonably request from the Borrower.

  • Additional Financial Statements Seller shall promptly furnish to Buyer a copy of all Financial Statements for each additional month-end period beyond the Balance Sheet Date as soon as same is regularly prepared by Seller in the Ordinary Course of Business. All such additional Financial Statements shall be subject to the same representations and warranties as contained in Section 3.23

  • Affected Financial Institutions No Loan Party is an Affected Financial Institution.

  • Additional L/C Issuers Any Lender hereunder may become an L/C Issuer upon receipt by the Administrative Agent of a fully executed Notice of Additional L/C Issuer which shall be signed by the Borrower, the Administrative Agent and each L/C Issuer. Such new L/C Issuer shall provide its L/C Commitment in such Notice of Additional L/C Issuer and upon the receipt by the Administrative Agent of the fully executed Notice of Additional L/C Issuer, the defined term L/C Commitment shall be deemed amended to incorporate the L/C Commitment of such new L/C Issuer.

  • Additional Investment The Investor commits to invest in additional Class A Shares or American depositary shares representing Class A Shares if and when the Company conducts an IPO, of an amount of no more than the Purchase Price. The Company and the lead underwriters shall have the right to accept or not accept such investment and, if so accepted, to determine whether to accept the investment as part of the IPO or as a private placement. Neither the Company nor any underwriter for the Company’s IPO is under any obligation or commitment to issue any shares to the Investor in the IPO. Any such issuance will be decided by the Company and the lead underwriters for the IPO and must be in compliance with all applicable laws, regulations and rules.

  • Affected Financial Institution No Loan Party is an Affected Financial Institution.

  • Additional Financial Covenants If the Company shall at any time enter into one or more agreements (including any amendment of an existing agreement) pursuant to which Senior Funded Debt in an aggregate principal amount greater than $30,000,000 shall be outstanding and such agreement contains one or more financial covenants which are more restrictive on the Company and its Subsidiaries than the financial covenants contained in this Agreement, then such more restrictive financial covenants and any related definitions (the “Additional Financial Covenants”) shall automatically be deemed to be incorporated into § 5 of this Agreement (including § 5.15(f) and (g)) by reference and § 6.1(e) shall be deemed to be amended to include such Additional Financial Covenants from the time such other agreement becomes binding upon the Company until such time as such other Senior Funded Debt is repaid in full and all commitments related thereto are terminated; provided, that if at the time of any such repayment or the termination of any such commitment a Default or Event of Default shall exist under this Agreement, then such covenants shall continue in full force and effect so long as such Default or Event of Default continues to exist. So long as such Additional Financial Covenants shall be in effect, no modification or waiver of such Additional Financial Covenants shall be effective unless the Holders of at least 51% in aggregate principal amount of the Notes shall have consented thereto pursuant to § 7.1 hereof. Promptly but in no event more than 10 Business Days following the execution of any agreement providing for Additional Financial Covenants, the Company shall furnish each holder of the Notes with a copy of such agreement. Upon written request of the Holders of at least 51% in aggregate principal amount of the Notes, the Company will enter into an amendment to this Agreement pursuant to which this Agreement will be formally amended to incorporate the Additional Financial Covenants on the terms set forth herein.

  • SEI INSTITUTIONAL INVESTMENTS TRUST Large Cap Fund Large Cap Disciplined Equity Fund Large Cap Index Fund Extended Market Index Fund Strategic U.S. Large Cap Equity Fund Small Cap Fund Small Cap II Fund Small/Mid Cap Equity Fund U.S. Managed Volatility Fund Opportunistic Income Fund (f/k/a Enhanced LIBOR Opportunities Fund) Core Fixed Income Fund High Yield Bond Fund

  • Acknowledgement and Consent to Bail-In of EEAAffected Financial Institutions Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEAAffected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEAthe applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

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