Additional Participants; Changes in Commitments Sample Clauses

Additional Participants; Changes in Commitments. The parties acknowledge and agree that pursuant to Sections 4.1 and 4.2 hereof, from time to time additional members of FIHOP may be added as Participants under this Agreement and that existing Participants may desire to increase their Commitments under this Agreement from time to time, which additions or changes will increase the total Commitment amount under this Agreement. Any such addition or change shall be made effective only as of the first (1st) day of any calendar month and will be applicable only with respect to Loans approved by Board of Directors at the recommendation of the Loan Committee on and after the effective date thereof. On the effective date of such an addition or change, the increase in the Commitment amount shall be taken into account to determine the Percentage Interest of each Participant in respect of Loans made on and after such changes. The parties acknowledge and agree that existing Participants may desire to decrease their Commitments under this Agreement after the initial three year period of FIHOP. Any such decrease shall be made effective only as of the first (1st) day of any calendar month and will be applicable only with respect to Loans approved by the Board of Directors at the recommendation of the Loan Committee on or after the effective date thereof; provided that said decrease will, in no way, compromise the obligation of a Participant to fund a Loan that has already, prior to the written request of said decrease and approval thereof by the Board of Directors, been approved by the Board of Directors at the recommendation of the Loan Committee in light of the Participant’s Percentage Interest prior to the written request of said decrease.
Sample 1
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Related to Additional Participants; Changes in Commitments

  • Additional Commitments The Parties may negotiate commitments with respect to measures affecting trade in services not subject to scheduling under Article 106 (National Treatment) or Article 107 (Market Access), including those regarding qualifications, standards or licensing matters. Such commitments shall be inscribed in a Party's Schedule.

  • SALARY STEP INCREASES a. Increases to steps above the entry step shall be based on performance and length of service. The employee must have earned the equivalent of at least twenty-six

  • Modification of Commitments 1. For a period of 12 months from the date of entry into force of this Agreement, a Member State may adopt any measures or modify any of its reservations made in the Schedule under Article 9 (Reservations) for prospective applications to investors of any other Member States and their investments, provided that such measures or modification shall not adversely affect any existing investors and investments.

  • Termination for Changes in Budget or Law The JBE’s payment obligations under this Agreement are subject to annual appropriation and the availability of funds. Expected or actual funding may be withdrawn, reduced, or limited prior to the expiration or other termination of this Agreement. Funding beyond the current appropriation year is conditioned upon appropriation of sufficient funds to support the activities described in this Agreement. The JBE may terminate this Agreement or limit Contractor’s Services (and reduce proportionately Contractor’s fees) upon Notice to Contractor without prejudice to any right or remedy of the JBE if: (i) expected or actual funding to compensate Contractor is withdrawn, reduced or limited; or (ii) the JBE determines that Contractor’s performance under this Agreement has become infeasible due to changes in applicable laws.

  • Increment Date for Salary Grid Placement Upon achieving one (1) year of experience, an increment shall be awarded on the first of the month following the month in which the experience accumulation is earned.

  • Objectives and Commitments 7.1 The Objectives of the Parties to this Agreement are:

  • Specific Commitments Investments in respect of a particular undertaking of one of the Contracting Parties with respect to nationals and companies of the other Contracting Party shall be governed, without prejudice to the provisions of this Agreement, the terms of that commitment to the extent that it is more favourable provisions than those laid down in this Agreement.

  • Additional Public Interest Commitments Registry Operator shall comply with the public interest commitments set forth in Specification 11 attached hereto (“Specification 11”).

  • Effective Date; Termination; Cancellation and Suspension Section 5.01. This Agreement shall come into force and effect on the date upon which the Development Credit Agreement becomes effective.

  • Additional Transaction Limitations For all Accounts (except share draft Accounts), the Credit Union reserves the right to require a member intending to make a withdrawal to give written notice of such intent not less than 7 days and not more than 60 days before any such withdrawal.

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