CERTAIN ADJUSTMENTS TO INSTALLMENT PAYMENTS Sample Clauses

CERTAIN ADJUSTMENTS TO INSTALLMENT PAYMENTS. (1) The principal amount of 199__ Bonds of either series to be paid in installments on the Installment Payment Dates and Stated Maturity for such series may be adjusted (an "INSTALLMENT PAYMENT ADJUSTMENT") at the discretion of the Owner Trustee, under the circumstances and subject to the conditions set forth in Section 2(c) of the Participation Agreement; PROVIDED, HOWEVER, that no Installment Payment Adjustment shall be made by the Owner Trustee which shall (x) cause the average life of the 199__ Bonds of either series (measured from the date of initial issuance thereof and calculated in accordance with generally accepted financial practice) to be increased or decreased by more than six months, except in the case of such an adjustment occasioned by failure of the Lessee to obtain the License Extension, in which case no Installment Payment Adjustment shall cause the average life of the 199__ Bonds of either series (measured as aforesaid) to be decreased by more than twenty-four months and in which case, such Installment Payment Adjustment shall result in the final payment or redemption of the 199__ Bonds of such series being scheduled to occur no later than the last day of the Basic Lease Term, or (y) extend the Stated Maturity of Principal of the 199__ Bonds of either series. In the event it elects to make an Installment Payment Adjustment, the Owner Trustee shall deliver to the Indenture Trustee and the Lessee, at least 45 days prior to the first Installment Payment Date proposed to be effected by such adjustment, an Owner Trustee Request, prepared by the Owner Participant and the Lessee, (A) stating that the Owner Trustee has elected to make an Installment Payment Adjustment as contemplated in this subsection, (B) setting forth a revised Installment Payment Percentage schedule applicable to the 199__ Bonds of each series with respect to which an Installment Payment Adjustment is to be made, and (C) attaching thereto calculations showing that (i) the average life of the 199__ Bonds of the affected series shall not be decreased or increased except as permitted by this subsection (b) and (ii) the Stated Maturity of principal of the 199__ Bonds of the affected series shall not be extended as a result of such adjustment. The Indenture Trustee may rely on such Owner Trustee Request and shall have no duty with respect to the calculations referred to in the foregoing clause (C), other than to make them available for inspection upon reasonable notice by any Hol...
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Related to CERTAIN ADJUSTMENTS TO INSTALLMENT PAYMENTS

  • Certain Adjustments The Exercise Price and number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from time to time as set forth in this Section 9.

  • Adjustments to Option The Option shall be subject to the adjustment provisions of Sections 8 and 9 of the Plan, provided, however, that in the event of the payment of an extraordinary dividend by the Company to its shareholders: the Exercise Price of the Option shall be reduced by the amount of the dividend paid, but only to the extent the Committee determines it to be permitted under applicable tax laws and to not have adverse tax consequences to the Optionee under Section 409A of the Code; and, if such reduction cannot be fully effected due to such tax laws and it will not have adverse tax consequences to the Optionee, then the Company shall pay to the Optionee a cash payment, on a per Share basis, equal to the balance of the amount of the dividend not permitted to be applied to reduce the Exercise Price of the applicable Option as follows: (a) for each Share subject to a vested Option, immediately upon the date of such dividend payment; and (b) for each Share subject to an unvested Option, on the date on which such Option becomes vested and exercisable with respect to such Share.

  • Adjustments to Number of Shares The number of shares of Common Stock subject to this Option shall be adjusted to take into account any stock splits, stock dividends, recapitalization of the Common Stock as provided in the Stock Option Plan.

  • Adjustments to Purchase Price The Purchase Price shall be adjusted as follows:

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.

  • Adjustments to Shares If at any time while this Agreement is in effect (or Shares granted hereunder shall be or remain unvested while Recipient’s Continuous Service continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then and in that event, the Board or the Committee shall make any adjustments it deems fair and appropriate, in view of such change, in the number of shares of Restricted Stock then subject to this Agreement. If any such adjustment shall result in a fractional Share, such fraction shall be disregarded.

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • PAYMENTS TO EXECUTIVE UPON CHANGE IN CONTROL (a) Upon the occurrence of a Change in Control of the Bank or the Company (as herein defined) followed at any time during the term of this Agreement by the voluntary or involuntary termination of the Executive’s employment, other than for Cause, as defined in Section 2(c) hereof, the provisions of Section 3 shall apply. Upon the occurrence of a Change in Control, the Executive shall have the right to elect to voluntarily terminate his employment at any time during the term of this Agreement following any demotion, loss of title, office or significant authority, reduction in his annual compensation or benefits, or relocation of his principal place of employment by more than 30 miles from its location immediately prior to the Change in Control.

  • When Adjustments to Be Made The adjustments required by this Section 4 shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that any adjustment of the number of shares of Common Stock for which this Warrant is exercisable that would otherwise be required may be postponed (except in the case of a subdivision or combination of shares of the Common Stock, as provided for in Section 4(b)) up to, but not beyond the date of exercise if such adjustment either by itself or with other adjustments not previously made adds or subtracts less than one percent (1%) of the shares of Common Stock for which this Warrant is exercisable immediately prior to the making of such adjustment. Any adjustment representing a change of less than such minimum amount (except as aforesaid) which is postponed shall be carried forward and made as soon as such adjustment, together with other adjustments required by this Section 4 and not previously made, would result in a minimum adjustment or on the date of exercise. For the purpose of any adjustment, any specified event shall be deemed to have occurred at the close of business on the date of its occurrence.

  • Adjustments to the Purchase Price The Purchase Price shall be adjusted as of the Closing Date by:

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