Commencement of Exit process Sample Clauses

Commencement of Exit process. If the Company has not commenced an Exit within three years following the date of this Agreement, the Global Agent (acting on the instructions of the Majority Reporting Financiers) may at any time require the Company to use commercially reasonable endeavours to pursue an Exit by such means as the Majority Reporting Financiers may at that time determine.
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Commencement of Exit process. 41 9.2 Non-Initiating Partner's Option to Postpone the Exit Process........................................... 42 9.3 Non-Initiating Partner's Selection of Asset Group...................................................... 42 9.4 Default by Partner..................................................................................... 43 9.5 Removal of Insight as Partner.......................................................................... 44
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Commencement of Exit process. (a) At any time after December 31, 2005, but subject to Section 9.1(b), either TCI or Insight may elect to commence the process described in this Article 9 (the "Exit Process") by giving written notice (the "Exit Notice") of its election to commence the process described in this Article 9 to the Non- Initiating Partner. The Exit Notice shall set forth in reasonable detail the Initiating Partner's division of all assets of the Partnership, including current assets, into two groups of as nearly equal Gross Fair Market Value as possible (each, an "Asset Group"), taking into account that cable television systems included in the geographic clusters designated on Schedule V may not be divided between Asset Groups. The Exit Notice shall also set forth in reasonable detail the Initiating Partner's division of all liabilities of the Partnership, including current liabilities and related keepwells (collectively, "Liabilities"), between the two Asset Groups such that the "Net Fair Market Value" of each Asset Group is equal, Net Fair Market Value being defined as Gross Fair Market Value minus Liabilities. To the extent that the Gross Fair Market Value of the Asset Groups cannot be exactly equal, the Initiating Partner shall use commercially reasonable efforts in dividing the assets and liabilities of the Partnership pursuant to this Section 9.1, including related keepwells, to minimize any gain or other adverse tax consequences to either Partner, it being understood that the Initiating Partner may also take into account all other relevant considerations in addition to tax considerations, including, but not limited to, financing and regulatory considerations. The Initiating Partner shall promptly provide to the Non-Initiating Partner all information about the composition of the Asset Groups, including the Liabilities in such Asset Group, as is reasonably requested by the Non-Initiating Partner to assist in making its selection pursuant to Section 9.3. (b) A Partner may not elect to commence the Exit Process described in this Article 9: (1) at any time within twelve months of delivering a prior Exit Notice to the Non-Initiating Partner pursuant to Section 9.1(a); or (2) at any time within six months of the effectiveness of a valid notice of postponement delivered by either Partner pursuant to Section 9.2; or (3) at any time following the delivery of an Exit Notice by the other Partner pursuant to Section 9.1(a) and prior to such time, if any, that (A) the Initiating Par...
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Related to Commencement of Exit process

  • COMMENCEMENT OF WORK UNDER A SOW AGREEMENT Commencement of work as a result of the SOW-RFP process shall be initiated only upon issuance of a fully executed SOW Agreement and Purchase Order.

  • Commencement and Completion of Work The professional services to be performed pursuant to this Agreement shall commence within five (5) days from the Effective Date of this Agreement. Failure to commence work in a timely manner and/or diligently pursue work to completion may be grounds for termination of this Agreement.

  • Commencement of Work Engineer shall not commence any field work under this Contract until he/she/it has obtained all required insurance and such insurance has been approved by County. As further set out below, Engineer shall not allow any subcontractor/subconsultant(s) to commence work to be performed in connection with this Contract until all required insurance has been obtained and approved and such approval shall not be unreasonably withheld. Approval of the insurance by County shall not relieve or decrease the liability of Engineer hereunder.

  • COMMENCEMENT AND COMPLETION OF THE PROJECT Section 3.01 The Project (a) The Company intends and expects, together with any Sponsor Affiliate, to (i) construct and acquire the Project, and (ii) meet the Contract Minimum Investment Requirement within the Investment Period. The Company anticipates that the first Phase of the Project will be placed in service during the calendar year ending December 31, 2020. (b) Pursuant to the FILOT Act and subject to Section 4.03 hereof, the Company and the County hereby agree that the Company and any Sponsor Affiliates shall identify annually those assets which are eligible for FILOT payments under the FILOT Act and which the Company or any Sponsor Affiliate selects for such treatment by listing such assets in its annual PT-300S form (or comparable form) to be filed with the Department (as such may be amended from time to time) and that by listing such assets, such assets shall automatically become Economic Development Property and therefore be exempt from all ad valorem taxation during the Exemption Period. Anything contained in this Fee Agreement to the contrary notwithstanding, the Company and any Sponsor Affiliates shall not be obligated to complete the acquisition of the Project. However, if the Company, together with any Sponsor Affiliates, does not meet the Contract Minimum Investment Requirement within the Investment Period, the provisions of Section 4.03 hereof shall control. (c) The Company may add to the Land such real property, located in the same taxing District in the County as the original Land, as the Company, in its discretion, deems useful or desirable. In such event, the Company, at its expense, shall deliver an appropriately revised Exhibit A to this Fee Agreement, in form reasonably acceptable to the County.

  • Commencement of Agreement This agreement shall come into force in respect of the Commonwealth and of a State when it has been signed on behalf of the Commonwealth and has been signed on behalf of the State with the authority of the Parliament of the State, or, having been signed on behalf of the State without that authority, is approved by the Parliament of the State.

  • Commencement and Completion The Work shall commence on _______________, 20__ and shall be complete in accordance with this Agreement without delay on ______________, 20__. The term “day”, used throughout this Agreement, refers to calendar days. Contractor shall not be entitled to any additional compensation for any Permitted Delays. If this Agreement is not signed and returned to the Owner before any work commences, this Agreement will be considered as accepted as presented to the Contractor.

  • COMPLETION OF AGREEMENT This document comprises the entire agreement between the District and the Association in the matters lawfully within the scope of negotiation. Neither party shall have any obligation to meet and negotiate during the term of this agreement.

  • Amendment of Release Schedule The new release schedule will apply 10 days after the Escrow Agent receives a certificate signed by a director or officer of the Issuer authorized to sign (a) stating that the Issuer has become an established issuer by satisfying one of the conditions in section 3.1 and specifying the condition; (b) stating that the release schedule for the Issuer’s escrow securities has changed; (c) stating that the Issuer has issued a news release at least 10 days before the first release date under the new release schedule and specifying the date that the news release was issued; and (d) specifying the new release schedule.

  • Commencement of Services The Services will be commenced immediately upon receipt of the signed Proposal (the “Agreement”). If after commencement of the Services, the Project is delayed for any reason beyond Xxxxxxxxx’x control for more than 60 days, the terms and conditions contained herein will be subject to revision by Xxxxxxxxx. Subsequent modifications to this Agreement must be in writing and signed by the parties to the Agreement.

  • Completion of Probationary Period An employee who has completed the probationary period may be suspended without pay or discharged only for cause. An employee who has completed the probationary period and is suspended without pay or discharged shall have access to the grievance procedure.

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