Continuation Option. A Member no longer eligible for coverage (except in the event of termination for cause, as set forth in Subsection E.) may continue coverage for a period of up to 3 months subject to notification to and self- payment of premiums to the Group. This provision will not apply if the Member is eligible for the continuation coverage provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). This continuation option is not available if the Group no longer has active employees or otherwise terminates.
Continuation Option. (a) Borrower may irrevocably request a Continuation of Loans on any Business Day in a Minimum Amount therefor by delivering a Request for Extension of Credit therefor by Requisite Notice to Administrative Agent not later than the Requisite Time therefor.
Continuation Option. (a) [Reserved].
Continuation Option. (a) The Borrower may elect at the end of any applicable Interest Period to continue any Eurocurrency Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurocurrency Loans continued for each Interest Period must be in the amount of at least the Euro Equivalent of €1,000,000 or an integral multiple of €500,000 in excess CREDIT AGREEMENT FMC FINANCE B.V.
Continuation Option. (a) The Borrower may elect at the end of any applicable Interest Period to continue any Eurocurrency Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurocurrency Loans continued for each Interest Period must be in the amount of at least the Euro Equivalent of €5,000,000 or an integral multiple of €1,000,000 in excess thereof. Each continuation shall be allocated among the Loans of each Lender in accordance with such Lender’s Ratable Portion. Subject to clause (b) below, each such election shall be in substantially the form of Exhibit D (Form of Notice of Continuation) (a “Notice of Continuation”) and shall be made by giving the Administrative Agent at least three Business Days’ prior written notice specifying the amount and type of Loan being continued and (B) the applicable Interest Period.
Continuation Option. (a) The Borrowers may elect to continue such Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of each continuation shall be allocated among the Loans of each Lender in accordance with its Ratable Portion. Each such election shall be in substantially the form of Exhibit F hereto (a “Notice of Continuation”) and shall be made by giving the Applicable Facility Agent at least three Business Days prior written notice specifying (A) the amount and type of Loan being continued, (B) the applicable Interest Period, and (C) the last day of the applicable Interest Period).
Continuation Option. 2.5.1 A Life Assured may exercise the Continuation Option in respect of the Death Benefit specified in Schedule 1 in the event of the Life Assured leaving the service of the Employer, and becoming entitled to a benefit from the Fund, irrespective of the reason for the Life Assured leaving service, up to and including the earlier of his Normal Retirement Age and the Maximum Cover Age. A Life Assured may exercise the Continuation Option in respect of the Disability Benefit specified in Schedule 1 in the event of the Life Assured leaving the service of the Employer, and becoming entitled to a benefit from the Fund, irrespective of the reason for leaving service other than for reasons of ill health, up to and including the earlier of the Life Assured attaining age 55 or the Maximum Cover Age. The Continuation Option for the Disability Benefit will however only be extended in the event of the Life Assured also availing of the Continuation Option in respect of the Death Benefit as detailed in the preceding paragraph. It is specifically recorded that no continuation option shall be offered or shall apply in respect of the Terminal Illness Benefit detailed elsewhere in this policy.
Continuation Option. 9.1.1 In the event of an Employee reaching Normal Retirement Age and the Employee is still actively at work after the Normal Retirement Age, the Employee shall have an option to continue with cover, and cover shall continue until Employee attains the Cover Termination Age of 70 (seventy) years.
Continuation Option. Any Eurodollar Loans may be continued as such upon the expiration of the then current Interest Period with respect thereto by the Borrower giving written notice to the Administrative Agent not later than 11:00 a.m. New York City time, three Eurodollar Business Days prior to the last day of such Interest Period in accordance with the applicable provisions of the term "Interest Period" set forth in Section 1.1, of the length of the next Interest Period to be applicable to such Loans; provided, however, that no Eurodollar Loan may be continued as such (a) when any Event of Default has occurred and is continuing and the Administrative Agent, with the consent of the Majority Banks, has determined that such a continuation is not appropriate and (b) after the date that is one month prior to the Maturity Date with respect to such Eurodollar Loan and provided, further, that if the Borrower shall fail to give any required notice as described above in this Section 3.9 or if such continuation is not permitted pursuant to the preceding proviso such Loans shall be automatically converted to Base Rate Loans on the last day of such then expiring Interest Period. Upon receipt of such notice, the Administrative Agent shall promptly give the Banks notice of the same.
Continuation Option. If this Agreement has not been terminated ------------------- in accordance with Section 3 hereof prior to the expiration of three (3) years after the date hereof and Buyer does not exercise the Purchase Option (as defined in Section 4.01), then Buyer shall have the option to continue the Term of this Agreement (the "Continuation Option") for an additional two (2) year period (the "Continuation Period") by providing notice to Company in writing of the exercise of its option granted by this Section 4.02 during the Option Term immediately preceding termination of this Agreement pursuant to Section 3.01(f) above. Buyer's Continuation Option shall be subject to and shall be conditional upon payment by Buyer to Company of any unpaid Royalty Payments then due and payable, payment by Buyer to Company of any unpaid amounts owing for inventory purchased hereunder then due and payable, and payment of the SG&A Differential (as defined in Section 5.02) in the event Company has not exercised its Put Option (as defined in Section 5.02). Upon exercise of the Continuation Option, the following shall occur:
