Change in Security Sample Clauses

Change in Security. Any change in the manner of creation of security of details of documentation for the said Bonds shall be only with the prior written approval of the Beneficial Owner(s)/Trustee.
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Change in Security. 15 5.2 FALSE INFORMATION................................................... 15 5.3 FAILURE TO DELIVER DOCUMENTS........................................ 15 5.4 INABILITY TO MEET CONDITION BY CLOSING DATE......................... 15
Sample 1
Change in Security. Any changes in the manner of creation of security or details of documentation for the said Debentures shall be only with the prior written approval of the Debenture Holders.
Sample 1
Change in Security. (a) On or before each anniversary of the Rent Commencement Date, Tenant shall provide Landlord with the audited financial statements of Tenant outlined below in this Section 35.5(a) which are adequate to permit Landlord to determine the status of satisfaction of the Financial Conditions (as hereinafter defined). Provided and on condition that (the "Conditions") (i) Tenant has not previously defaulted in its obligation to pay Fixed Rent, Tenant's Operating Payment and Tenant's Tax Payment to Landlord within the time periods set forth in this Lease and Landlord has not given two or more notices of any such default in the 12-month period preceding any Reduction Anniversary, (ii) no Event of Default then exists, (iii) Tenant has net income, determined in accordance with generally accepted accounting principles, consistently applied ("GAAP"), of at least $20 million for the calendar year immediately preceding (a "Preceding Year") a Reduction Anniversary (as defined below), (iv) Tenant has cash and cash equivalents at the end of the Preceding Year at least equal to the greater of (x) 25% of Tenant's total annual expenses for the Preceding Year (less depreciation, amortization and compensation (including benefits) paid to its managing directors), all determined in accordance with GAAP, and (y) $2,500,000 and (v) Tenant provides Landlord with audited financial statements which are certified as true and correct by its outside certified public accountants which are adequate to permit Landlord to confirm satisfaction of the conditions referred to in items (iii) and (iv) above (the "Financial Conditions"), then, provided that Tenant complies with the provisions of this Section 35.5, the Security Deposit shall be reduced on the following dates (each a "Reduction Anniversary") as follows: (A) on the date which is the first anniversary of the Rent Commencement Date that Tenant satisfies the Conditions, the Security Deposit shall be reduced to $1,207,584, (B) provided the Security Deposit shall have previously been reduced pursuant to the preceding clause (A), then on the date which is the date thereafter which is an anniversary of the Rent Commencement Date that Tenant satisfies the Conditions, the Security Deposit shall be reduced to $805,056, and (C) provided the Security Deposit shall have previously been reduced pursuant to the preceding clauses (A) and (B), then on the date which is the date thereafter which is an anniversary of the Rent Commencement Date that Tenan...
Sample 1
Change in Security. Tenant’s security is increased to $618,837.93, and, on or before April 1, 2009, Tenant shall deliver to Landlord an amendment to the existing letter of credit in form and content reasonably acceptable to Landlord and in accordance with the subparagraph B. of Insert 37.2. to the Lease, whereby the total amount of said letter of credit is increased to said amount;
Sample 1

Related to Change in Security

  • Change in Shares If between the date of this Agreement and the Effective Time the outstanding shares of Company Common Stock shall have been changed into a different number of shares or a different class, by reason of any stock dividend, subdivision, reclassification, recapitalization, split, combination or exchange of shares, the Merger Consideration shall be correspondingly adjusted to reflect such stock dividend, subdivision, reclassification, recapitalization, split, combination or exchange of shares.

  • Change in Structure Except as expressly permitted under Section 6.3, no Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, amend any of its Organization Documents in any respect materially adverse to Agent or Lenders.

  • Change in Status ‌ In the event of any substantive change in its legal status, organizational structure, or fiscal reporting responsibility, Contractor will notify HCA of the change. Contractor must provide notice as soon as practicable, but no later than thirty (30) calendar days after such a change takes effect.

  • Change in Name The Purchaser shall intimate the Seller of any change in its name (on account reasons other than a change in its Control), immediately upon occurrence of name change. The Parties shall thereafter take necessary steps to record such change in the name of the Purchaser in the books and records of the Seller and shall also execute an amendment agreement to the Agreement to record such name change.

  • Change in Control Payment The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

  • Change in Effective Control A Change in Effective Control occurs if, over a twelve (12) month period: (i) a person or group acquires stock representing thirty percent (30%) of the voting power of the corporation; or (ii) a majority of the members of the board of directors of the ultimate parent corporation is replaced by directors not endorsed by the persons who were members of the board before the new directors’ appointment, as defined in Treasury Regulations §1.409A-3(i)(5)(vi).

  • Adjustment Event If an adjustment event arises in respect of a taxable supply made by a supplier under the Agreement, the amount payable by the recipient under clause 20.3 will be recalculated to reflect the adjustment event and a payment will be made by the recipient to the supplier or by the supplier to the recipient as the case requires.

  • Trigger Event A Trigger Event means, for purposes of this Agreement, the occurrence of any one of the following events:

  • Change in Effective Control of the Company A change in the effective control of the Company which occurs on the date that a majority of members of the Board is replaced during any twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election. For purposes of this clause (ii), if any Person is considered to be in effective control of the Company, the acquisition of additional control of the Company by the same Person will not be considered a Change of Control; or

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