Amendment of Credit Event Upon Merger Sample Clauses

Amendment of Credit Event Upon Merger. Section 5(b)(iv) is hereby amended by adding the following phrase between the closing parenthesis and the semicolon at the end thereof: "provided, however, that the foregoing action or event shall not constitute a Termination Event if, in the case of a merger or consolidation of Enron Corp. with or into any Person, (1) Enron Corp. is the survivor, or (2) the surviving Person, if not Enron Corp., is organized under the laws of the United States or a state thereof and assumes all obligations of Enron Corp. hereunder, provided in each case that immediately after giving effect to such proposed merger or consolidation, no Event of Default (as such term is defined in the Credit Agreement (as defined in the Enron Guaranty), as such Credit Agreement may from time to time be amended with the consent of Party B, or if such Credit Agreement should for any reason terminate or if Party B shall object to any amendment to such Credit Agreement, the term "Event of Default" shall be as the same existed immediately prior to such termination or amendment) or event which, with the giving of notice or the lapse of time, or both, would constitute such an Event of Default, would exist or result".
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Amendment of Credit Event Upon Merger. Section 5(b)(iv) is hereby amended by adding the following phrase between the closing parenthesis and the semicolon at the end thereof: “provided, however, that the foregoing action or event shall not constitute a Termination Event (1) as to Party A, if after such action or event such resulting, surviving, or transferee entity (which entity is the successor-in-interest to Party A) is directly or indirectly owned or controlled by Enron Corp. and the Credit Support Documents supporting Party A’s obligations remain in full force and effect, or (2) the surviving person, if not Enron Corp., is organized under the laws of the United States or a state thereof and assumes all obligations of Enron Corp. hereunder, provided in each case that immediately after giving effect to such proposed merger, or consolidation, no Event of Default (as such term is defined in the Credit Agreement (as defined in the Enron Corp. Guaranty), as such agreement may from time to time be amended.”
Sample 1

Related to Amendment of Credit Event Upon Merger

  • Availability of PHI for Amendment Modernizing Medicine shall provide PHI in EMA to Medical Practice for amendment, and incorporate any such amendments in the PHI (for so long as Modernizing Medicine maintains such information in the Designated Record Set), in accordance with this Addendum and as required by 45 C.F.R. § 164.526. If Modernizing Medicine receives a request for amendment to PHI directly from an Individual, Modernizing Medicine shall forward such request to Medical Practice within ten (10) business days. Medical Practice shall have the sole responsibility for determining whether to approve an amendment to PHI and to make such amendment.

  • Default Events (a) Any material breach of the Funding Agreement by the Recipient, including those set out below, will be an event of default (“Default Event”):

  • 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.

  • Default Events and Termination 18.1 Each of the following circumstances shall constitute a General Default:

  • Termination Amendment and Waiver 46 7.1 Termination....................................................................................46 7.2

  • Commitment Charge; Credit; Maturity Premium (a) The Borrower shall pay a commitment charge on the unwithdrawn amount of the Loan at the rate and on the terms specified in the Loan Agreement.

  • Refinancing Preparation Advance; Capitalizing Front-end Fee and Interest (a) If the Loan Agreement provides for the repayment out of the proceeds of the Loan of an advance made by the Bank or the Association (“Preparation Advance”), the Bank shall, on behalf of such Loan Party, withdraw from the Loan Account on or after the Effective Date the amount required to repay the withdrawn and outstanding balance of the advance as at the date of such withdrawal from the Loan Account and to pay all accrued and unpaid charges, if any, on the advance as at such date. The Bank shall pay the amount so withdrawn to itself or the Association, as the case may be, and shall cancel the remaining unwithdrawn amount of the advance.”

  • Reports of unusual occurrence The Contractor shall, during the Maintenance Period, prior to the close of each day, send to the Authority and the Authority’s Engineer, by facsimile or e- mail, a report stating accidents and unusual occurrences on the Project Highway relating to the safety and security of the Users and Project Highway. A monthly summary of such reports shall also be sent within 3 (three) business days of the closing of month. For the purposes of this Clause 15.4, accidents and unusual occurrences on the Project Highway shall include:

  • Amendment, Modification and Waiver This Agreement may not be amended, modified or waived except by an instrument or instruments in writing signed and delivered on behalf of each of the parties hereto.

  • Authority Event of Default Any of the following events shall constitute an event of default by the Authority ("Authority Event of Default”), when not caused by a Developer Event of Default:

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