Compliance with Section 7 Sample Clauses

Compliance with Section 7. Use commercially reasonable ------------------------- efforts to cause the conditions specified in Section 7.1 hereof to be met by the Closing Date.
Sample 1Sample 2Sample 3See All (8)
AutoNDA by SimpleDocs
Compliance with Section 7. Take all actions necessary for Citigroup to comply with Section 7 of this Master Agreement.
Sample 1Sample 2Sample 3
Compliance with Section 7. 1. Borrower shall have delivered the documents and complied with the conditions set forth in Section 7.1.
Sample 1
Compliance with Section 7. 13(a) of the Credit Agreement is hereby waived for the period commencing January 1, 2003 and ending March 31, 2003 to permit Consolidated Tangible Net Worth to be less than $17,500,000 during such period; provided, however, Consolidated Tangible Net Worth was not less than $15,506,000 at any time during such period.
Sample 1
Compliance with Section 7. 1(e) of the Loan Agreement is hereby waived in respect of the Borrower delivering within 45 days after the commencement of the Fiscal Year beginning January 1, 2001 a budget and projection of the Borrower's statement of operations by Fiscal Quarter for the Fiscal Year 2001.
Sample 1
Compliance with Section 7. 1.7. The Company shall have received the full amount of stockholder contributions required to be made under Section 7.1.7 in connection with such Advance or other Assessment Determination under the Commitment Funding Instruments.
Sample 1
Compliance with Section 7. 2. As to Facility B Revolving Credit Loans only, the Borrower shall be in full compliance with each of the provisions set forth in Section 7.2. Each borrowing by the Borrower hereunder shall constitute a representation and warranty by the Borrower as of the date of each such borrowing that the conditions in clauses (a), (b), (c) and (d) of this Section have been satisfied.
Sample 1
AutoNDA by SimpleDocs
Compliance with Section 7. Use its best efforts to cause the conditions specified in Sections 7.1, 7.2 and 7.3 hereof to be met by the Initial Loan Closing Date or the Subsequent Loan Closing Date, as the case may be.
Sample 1
Compliance with Section 7 a) The Bureau, by and through MSP, its non-Federal representative, will submit an updated species list request to the Service. This request will seek to update, for sites that have not completed section 7 consultation, the accuracy of prior species lists provided by the Service in 1998 and 2001, and request a species list for those towers which have not been included in previous requests.
Sample 1

Related to Compliance with Section 7

  • Compliance with IRC Section 409A This Agreement is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and will be interpreted accordingly. References under this Agreement to the Employee’s termination of employment shall be deemed to refer to the date upon which the Employee has experienced a “separation from service” within the meaning of Section 409A of the Code. Notwithstanding anything herein to the contrary, (i) if at the time of the Employee’s separation from service with the Company or any of its affiliates the Employee is a “specified employee” as defined in Section 409A of the Code (and any related regulations or other pronouncements thereunder) and the deferral of the commencement of any payments or benefits otherwise payable hereunder or payable under any other compensatory arrangement between the Employee and the Company or any of its affiliates as a result of such separation from service is necessary in order to prevent any accelerated or additional tax under Section 409A of the Code, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to the Employee) until the date that is six months following the Employee’s separation from service (or the earliest date as is permitted under Section 409A of the Code), at which point all payments deferred pursuant to this Section 24 shall be paid to the Employee in a lump sum and (ii) if any other payments of money or other benefits due to the Employee hereunder could cause the application of an accelerated or additional tax under Section 409A of the Code, such payments or other benefits shall be deferred if deferral will make such payment or other benefits compliant under Section 409A of the Code, or otherwise such payment or other benefits shall be restructured, to the extent possible, in a manner that does not cause such an accelerated or additional tax. To the extent any reimbursements or in-kind benefits due to the Employee under this Agreement constitute “deferred compensation” under Section 409A of the Code, any such reimbursements or in-kind benefits shall be paid to the Employee in a manner consistent with Treasury Regulation Section 1.409A-3(i)(1)(iv). Without limiting the generality of the foregoing, the Employee shall notify the Company if he believes that any provision of this Agreement (or of any award of compensation, including equity compensation, or benefits) would cause the Employee to incur any additional tax under Code Section 409A and, if the Company concurs with such belief after good faith review or the Company independently makes such determination, then the Company shall use reasonable efforts to reform such provision to comply with Code Section 409A through good faith modifications to the minimum extent reasonably appropriate to conform with Code Section 409A. For purposes of Section 409A of the Code, each payment made under this Agreement shall be designated as a “separate payment” within the meaning of Section 409A of the Code.

  • Compliance with 409A Because Executive (i) is and will be as of the Effective Date a “specified employee” under Section 409A(a)(2)(B)(i) of the Internal Revenue Code of 1986, as amended (the “Code”) and (ii) the Monthly Separation Payments would constitute non-exempt “deferred compensation” for purposes of Section 409A of the Code, in order to comply with Section 409A of the Code, the Monthly Separation Payments that would otherwise be payable pursuant to Paragraphs 2(a) and 2(b) of this Agreement during the 6 month period immediately following the Effective Date shall be accumulated and the Executive’s right to receive payment of such accumulated amount (which such amount shall not accrue interest) will be delayed until the 7th month following the Effective Date.

  • Compliance with Rules To comply with, and to require the Contractors to comply with, all rules, regulations, ordinances and laws bearing on the conduct of the work on the Improvements, including the requirements of any insurer issuing coverage on the Project and the requirements of any applicable supervising boards of fire underwriters.

  • Compliance with OFAC None of the Company and its Subsidiaries or, to the Company’s knowledge, any director, officer, agent, employee or affiliate of the Company and its Subsidiaries or any other person acting on behalf of the Company and its Subsidiaries, is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”), and the Company will not, directly or indirectly, use the proceeds of the Offering hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

Time is Money Join Law Insider Premium to draft better contracts faster.