CONDITIONS TO PUT Sample Clauses

CONDITIONS TO PUT. Neither the Holder nor the holders of Warrant Shares may exercise the Put prior to July 31, 2000. The Put may be exercised by the Holder or the holders of Warrant Shares (i) with respect to a portion of this Warrant representing the right to purchase up to 40,000 Warrant Shares or such number of Warrant Shares, on or after July 31, 2000 and prior to February 17, 2001 (the "Maturity Date"), if and only if the indebtedness under the Term Loan Note of even date herewith payable to Citicorp USA, Inc. by certain subsidiaries of the Company (the "Term Loan") is not paid in full on July 31, 2000, (ii) with respect to a portion of this Warrant representing the right to purchase up to 84,000 Warrant Shares LESS that portion of this Warrant and/or number of Warrant Shares with respect to which the Holder has exercised the Put pursuant to clause (i) above or such number of Warrant Shares, on or after September 30 and prior to the Maturity Date, 2000, if and only if the indebtedness under the Term Note is not paid in full on September 30, 2000 and (iii) with respect to a portion of this Warrant representing the right to purchase up to 129,000 Warrant Shares LESS that portion of this Warrant and/or number of Warrant Shares with respect to which the Holder has exercised the Put pursuant to clause (i) or (ii) above or such number of Warrant Shares, on or after December 31, 2000 and prior to the Maturity Date, if and only if the indebtedness under the Term Note is not paid in full on December 31, 2000. The portion of this Warrant and the number of Warrant Shares with respect to which the Put is exercisable pursuant to the preceding sentence shall be adjusted from time to time in accordance with Section 2 hereof.
Sample 1
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Related to CONDITIONS TO PUT

  • CONDITIONS TO PURCHASE The obligations of the Purchaser to purchase any Mortgage Loans on any Closing Date are subject to the satisfaction, as applicable, prior to or on the Initial Closing Date and on such Closing Date (or on such other date as expressly provided for herein) of the following conditions, any of which may be waived in writing by Purchaser:

  • Conditions to Purchases No Purchase Commitment or Purchase shall be entered into unless each of the following conditions is satisfied (or waived as provided below) as of the date (such Portfolio Investment’s “Trade Date”) on which such Purchase Commitment is entered into (and such Portfolio Investment shall not be Purchased, and the related Financing shall not be required to be made available to the Company by the applicable Financing Providers, unless each of the following conditions is satisfied or waived as of such Trade Date):

  • CONDITIONS TO GRANT TO HAVE AND TO HOLD the above granted and described Property unto and to the use and benefit of Lender, and the successors and assigns of Lender, forever; PROVIDED, HOWEVER, these presents are upon the express condition that, if Borrower shall well and truly pay to Lender the Debt at the time and in the manner provided in the Note and this Security Instrument, shall well and truly perform the Other Obligations as set forth in this Security Instrument and shall well and truly abide by and comply with each and every covenant and condition set forth herein and in the Note, these presents and the estate hereby granted shall cease, terminate and be void.

  • Conditions to Payment All payments and benefits due to Executive under this Section 6 that are not otherwise required by law shall only be payable if (i) Executive (or Executive’s beneficiary or estate) delivers to the Company and does not revoke (under the terms of applicable law) a general release of all claims in the form attached hereto as Exhibit 6.6 (the “General Release”), provided, that, if necessary, such General Release may be updated and revised to comply with applicable law or as the Company determines is necessary or appropriate to achieve its intent and (ii) such General Release shall be executed and delivered (and no longer subject to revocation) within sixty (60) days following termination. Failure to timely execute and return such General Release, or revocation thereof, shall be a waiver by Executive of Executive’s right to severance. In addition, severance shall be conditioned on Executive’s compliance with Section 8 hereof as provided in Section 9 below.

  • Conditions to Loan Section 3.1 Conditions to Funding of the Loan on the Closing Date......................................... 33

  • CONDITIONS TO LOANS The obligations of Lenders to make Loans are subject to satisfaction of all of the applicable conditions set forth below.

  • Conditions to Obligations OF EACH PARTY TO EFFECT THE MERGER. The respective obligations of each party to this Agreement to effect the Merger shall be subject to the satisfaction at or prior to the Closing Date of the following conditions:

  • Conditions to Funding The obligations of the Lenders to make any Credit Extension hereunder on the Funding Date are subject to the satisfaction of the following conditions:

  • Conditions to Xxxxx’x Obligations The obligations of Xxxxx hereunder with respect to a Placement will be subject to the continuing accuracy and completeness of the representations and warranties made by the Company herein, to the due performance by the Company of its obligations hereunder, to the completion by Xxxxx of a due diligence review satisfactory to Xxxxx in its reasonable judgment, and to the continuing satisfaction (or waiver by Xxxxx in its sole discretion) of the following additional conditions:

  • Conditions to Obligation of Each Party to Effect the Merger. The respective obligations of each party to effect the Merger shall be subject to the satisfaction at or prior to the Effective Time of the following conditions:

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