Credit Service Sample Clauses

Credit Service. Executive’s past years of service with Cytyc Corporation shall be credited when determining his years of service under any and all Cytyc (or any applicable Hologic) benefit and retirement plans. Upon commencement of Executive’s employment with the Company, he will be eligible to participate in all of the Company’s benefits, pension plans and perquisites commensurate with that of other executives on his level. Based on Executive’s prior years of service with Cytyc Corporation, Executive will be automatically vested in the retirement plan at the time he commences employment with the Company.
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Credit Service. Amend Article of Pension Plan credited service to provide that credited service shall include all time spent in receipt of sickness and accident benefits up to forty (40) hours per week and up to one thousand and seven hundred (1,700) hours in a year, provided the employee has compensated hours in that year of at least one hundred and seventy 70) hours. Credited service shall include all time spent in re- ceipt of benefits a compensable injury (not ex- ceeding forty (40) hours per week and up to one thousand and seven hundred (1 700) hours in a year, until the employee receives an (non economic loss) benefit. However, the maximum amount of such credited service will not exceed two (2) years. TRANSITIONAL SURVIVOR BENEFITS in the event of the death of an employee who is on the seniority list and who is vested, his surviving spouse shall receive sixty-five percent (65%) of the employee’s accrued pension benefit at the time of death, assuming his retirement at age fifty-five payable when said employee would have reached the age of fifty-five (55). In the event of the death of an active employee with ten (IO) or more years of seniority, the spouse and eligible dependents will be covered by all benefits as set out in Article of the Collective Agree- ment until the spouse remarries or no longer re- quires the coverage, whichever is earlier. Said spouse and dependents will be required to verify their entitlement to receive these benefits at least once per year.
Credit Service. Amend Article of Pension Plan credited service to provide that credited service shall include all time spent in receipt of sickness and accident benefits up to forty (40) hours per week, and up to one thousand and seven hundred (1,700) hours in a year provided the employee has compensated hours in that year of at least one hundred and seventy (170) hours. TRANSITIONAL SURVIVOR BENEFITS In the event of the death of an employee, who is on the seniority list and who is vested, his surviving spouse shall receive percent (65%) of the employees accrued pension benefit at the time of death, assum- ing his retirement at age payable when said employee would have reached the age of (55). In the event of the death of an active employ- ee with ten (10) or more years of seniority, the spouse and eligible dependents will be covered by all benefits as set out in Article of the Collective Agreement until the spouse remarries or no longer requires the coverage, whichever is earlier. Said spouse and dependents will be required to verify their entitlement to receive these benefits at least once per year.
Credit Service. The Bank shall transfer the funds to the designated Account immediately after the incoming payments are credited to the Payer ID numbers. 입금서비스: 은행이 이용자의 Payer ID 번호로 입금된 자금을 이용자가 지정한 계좌에 당일 중에 이체하는 거래.
Credit Service. Amend Article of Pension Plan credited service to provide that credited service shall include all time spent in receipt of sickness and accident benefits up to forty (40) per week and up to one thousand and seven hundred (1,700) hours in a year, provided the employee has compensated hours in that year of at least one hundred and seventy (170) hours. Credited service shall include all time spent in receipt of benefits from a compensable injury (not exceeding forty hours per week and up to one thousand and seven hundred (1700) hours in a year, until the employee receives an (non economic loss) benefit. However, the maxi- mum amount of such credited service will not exceed two (2) years. TRANSITIONAL SURVIVOR BENEFITS In the event of the death of an employee who is on the seniority list and who is vested, his surviv- ing spouse shall receive percent of the employee’s accrued pension benefit at the time of death, assuming his retirement at age fifty-five payable when said employee would have reached the age of fifty-five (55). In the event of the death an active employee with ten or more years of seniority, the spouse and eligible dependents will he covered by all benefits as set out in Article of the Collective Agreement until the spouse or no longer requires the coverage, whichever is earlier. Said spouse and dependents will be required to verify their entitlement to receive these benefits at least once per year.
Credit Service. Amend Article of service to provide that include all time spent and accident week and up to one (1,700) hours in a year, provided the has compensated that hundred and seventy Credited service in receipt of benefits from a compensable injury (not economic loss) benefit However. the maximum Io the event of of an who is on the seniority list and who is his surviving spouse shall receive sixty-five percent (65%) of the employe's accrued pension benefit at the time of death, his retirement at age fifty-five payable when said employee would have reached the age of fifty-five In the of the death of an active with (10) or of seniority. the spouse and eligible dependents be by drug benefits as set Out in of the or no longer the whichever is earlier. Spouse and eligible dependents will be covered by dental set out in until spouse or no longer requires to a of years from the date of death. Said spouse and dependents will be to verify their entitlement to receive these benefits at once per year.
Credit Service. Where the term "past credited service" is used in this document, it shall mean the total elapsed time for which an employee was covered under the Pension Plan for which contributions have been make and were not refunded up to and including December 31, 1974. Except to calculate years of credited service for the purposes of paragraph 8 and 9 of this Pension Plan, when the term "future credited service" is used in this document, it shall mean service during the period from on and after January 1, 1975 up to and including June 30, 1987, by an employee who has become eligible as defined in Section 3 above. In calculating years of credited service for the purposes of paragraph 8 and 9 of this plan, future credited service will be recognized on and after July 1, 1987, provided the cost of the additional benefits related to recognition of future credited service on and after July, 1987 is not prohibitively expensive. If the cost is prohibitively expensive, the Employer will meet with the Union to discuss this aspect of paragraphs 8 and 9 of the plan. Future credited service shall be computed for each calendar year on the basis of on-tenth (1/10) of a year's credited service for each one hundred and eighty (180) hours actually worked on for which wages have been paid. It is understood that wages shall mean actual earnings for work performed and vacation pay, payment for any leave of absence such as, for example, jury duty, bereavement pay, payment for statutory holidays, call-in pay and any period for which an employee is absent from work and in receipt of Workers' Compensation or Weekly Indemnity payments, Earned credits in any calendar year shall in no case exceed on (1) year of credited service and shall be calculated to the nearest one-tenth (1/10) year of credited service. Employees who are or become totally or permanently disabled and qualify for benefits under the insured Long Term Disability Plan shall continue to accrue future credited service and pension credits at the rate of pension accrual in effect at the commencement of Long Term Disability payments with service computed as outlined in the previous paragraph. Such credits shall continue and Long Term Disability payments will only be made until he recovers, dies, or attains his normal retirement date and retires under the Plan. (a) The parties have also agreed that should the Pension Plan be found to have a surplus which is available such surplus fund will be applied first to provide for the credits ...
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Credit Service. For employees transferring from part‐time to full‐time status, the new employee waiting period should apply: □ Retroactive to the original date of hire or □ Beginning on the date transferred to full‐time status Do you wish to include non‐state registered domestic partners for coverage? □ Yes □ No Detailed monthly billing statements for the next month’s premium are sent out to all companies before the end of each month. The Trust’s “Contractual” PAYMENT DUE DATE is the first day of the billed month. In order to maintain CURRENT ELIGIBILITY for employees, full payment must be received by the Trust on or before the 1st day of the billed month. A company’s eligibility for the month will be DELINQUENT if full payment is not received by the 1st. DELINQUENT ELIGIBILITY STATUS results in claim payment delays, and other difficulties involving employees, their providers and carriers. If full payment for the month is not received within 30 days of the PAYMENT DUE DATE, company will be RETROACTIVELY CANCELLED back to the last day of the month in which full monthly payment was received. Partial payments will be refunded. Payments returned to EPK & Associates (non‐sufficient funds, stop payments etc) must be replaced with guaranteed funds, ie cash, money order or cashier’s check, before the expiration of the 30 day grace period. A $20 fee will be assessed on all returned drafts.
Credit Service. The Bank shall transfer the funds to the designated Account immediately after the incoming payments are credited to the Payer ID numbers or asynchronously after the incoming payments are credited to the Virtual Accounts. 입금서비스: 은행이 이용자의 Payer ID 번호로 입금된 자금 또는 이용자에게 부여된 협력은행의 가상계좌로 입금된 자금을 이용자가 지정한 모계좌에 당일 중에 이체하는 거래 제 3 조 (서비스 이용절차 및 방법) 1. The Service shall be available to the User after the issuance of the Payer ID Numbers by the Bank and/or the disbursement of the Virtual Accounts by the Bank, following the Set Up of Payers in accordance with the terms of this Agreement. 이용자는 은행의 전자금융채널을 통해 지정된 양식에 따라 서비스의 이용을 설정한 후, Payer ID 번호 혹은 가상계좌를 발급받아 이용한다. 2. The Bank shall notify the result of Payer ID / Virtual Account setup to the Customer via the Bank’s electronic banking channels 은행은 발급된 Payer ID 번호 및 가상계좌와 관련된 설정결과값을 은행의 전자금융채널을 통하여 이용자에게 통지한다. 제 4 조 (Processing of Incoming Payments 입금업무 처리) 1. Each incoming payment received by the Bank that is successfully transferred by electronic means by a Payer using its corresponding Payer ID Number in lieu of the Customer’s Account number shall be recorded by the Bank as a payment by such Payer to the Account. 은행은 전자적인 방식으로 지급인이 모계좌의 계좌번호 대신 Payer ID 번호로 성공적으로 입금한 자금은 통상의 지급인이 이용자의 모계좌로 이체한 것과 동일하게 처리한다. 2. Each incoming payment received by the Bank that is successfully transferred by a Payer using its corresponding Virtual Account in lieu of the Customer’s Account number shall be credit to the Customer’s Account on the same day immediately after the funds become available to the Bank at the partner bank. 은행은 지급인이 모계좌의 번호 대신 가상계좌로 성공적으로 입금한 자금에 대하여 협력은행으로부터 동 자금의 입금확인 후 이용자의 모계좌로 즉시 이체한다. 3. The [statements] of each Account provided by the Bank to the Customer will reflect the Payer for each incoming payment which was accompanied by a corresponding Payer ID Number or Virtual Account. 은행은 거래내역명세서에 각 지급인으로부터 Payer ID 번호 혹은 가상계좌로 입금된 내역을 이용자에게 제공토록 한다. 제 5 조 (Suspension of the Service 입금처리의 예외) Upon the occurrence of any of the following events, the Bank may suspend the Service: 은행이 입금서비스 업무를 처리함에 있어 Payer ID 번호, 가상계좌 또는 모 계좌가 다음 각 호의 1 에 해당할 경우에는 그 처리를 하지 않을 수 있다. 1. Where the Payer ID Numbers and/or Virtual Accounts and/or the Account are cancelled by the Customer by instructions in writing or submitted via Electronic Means, or, are closed or classified as a suspended trading account. Payer ID 번호, 가상계좌, 또는 모계좌가 거래중지 계좌에 편입되거나 서면 혹은 전자적 방식으로 요청된 이용자의 지시에 의해 해지된 경우 2. In the case where legal or other restrictions to t...

Related to Credit Service

  • Letter of Credit Accommodations (a) Subject to and upon the terms and conditions contained herein, at the request of any Borrower, Lender agrees to provide or arrange for Letter of Credit Accommodations for the account of Borrowers containing terms and conditions acceptable to Lender and the issuer thereof. Any payments made by Lender to any issuer thereof and/or related parties in connection with the Letter of Credit Accommodations shall constitute additional Revolving Loans to Borrowers pursuant to this Section 2. (b) In addition to any charges, fees or expenses charged by any bank or issuer in connection with the Letter of Credit Accommodations, Borrowers shall pay to Lender a letter of credit fee at a rate equal to one and one-half percent (1.5%) per annum on the daily outstanding balance of the Letter of Credit Accommodations for the immediately preceding month (or part thereof), payable in arrears as of the first day of each succeeding month, except that Borrowers shall pay to Lender such letter of credit fee, at Lender's option, without notice, at a rate equal to three and one-half percent (3 1/2%) per annum on such daily outstanding balance for: (i) the period from and after the date of termination hereof until Lender has received full and final payment of all Obligations (notwithstanding entry of a judgment against any Borrower) and (ii) the period from and after the date of the occurrence of an Event of Default for so long as such Event of Default is continuing as determined by Lender. Such letter of credit fee shall be calculated on the basis of a three hundred sixty (360) day year and actual days elapsed and the obligation of Borrowers to pay such fee shall survive the termination or non- renewal of this Agreement. (c) No Letter of Credit Accommodations shall be available unless on the date of the proposed issuance of any Letter of Credit Accommodations, the Revolving Loans available to any Borrowers (subject to the Maximum Credit and any Availability Reserves) are equal to or greater than: (i) if the proposed Letter of Credit Accommodation is for the purpose of purchasing Eligible Inventory, the sum of (A) seventy percent (70%) of the cost of such Eligible Inventory, plus (B) freight, taxes, duty and other amounts which Lender estimates must be paid in connection with such Inventory upon arrival and for delivery to one of such Borrower's locations for Eligible Inventory within the United States of America and (ii) if the proposed Letter of Credit Accommodation is for any other purpose, an amount equal to one hundred (100%) percent of the face amount thereof and all other commitments and obligations made or incurred by Lender with respect thereto. Effective on the issuance of each Letter of Credit Accommodation, an Availability Reserve shall be established in the applicable amount set forth in Section 2.2(c)(i) or Section 2.2(c)(ii). (d) Except in Lender's discretion, the amount of all outstanding Letter of Credit Accommodations and all other commitments and obligations made or incurred by Lender in connection therewith shall not at any time exceed $3,000,000 with respect to all Borrowers; provided, however, that no Letter of Credit Accommodations shall be made with respect to IBI. At any time an Event of Default exists or has occurred and is continuing, upon Lender's request, Borrowers will either furnish cash collateral to secure the reimbursement obligations to the issuer in connection with any Letter of Credit Accommodations or furnish cash collateral to Lender for the Letter of Credit Accommodations, and in either case, the Revolving Loans otherwise available to Borrowers shall not be reduced as provided in Section 2.2(c) to the extent of such cash collateral. (e) Each Borrower shall jointly and severally indemnify and hold Lender harmless from and against any and all losses, claims, damages, liabilities, costs and expenses which Lender may suffer or incur in connection with any Letter of Credit Accommodations and any documents, drafts or acceptances relating thereto, including any losses, claims, damages, liabilities, costs and expenses due to any action taken by any issuer or correspondent with respect to any Letter of Credit Accommodation. Each Borrower assumes all risks with respect to the acts or omissions of the drawer under or beneficiary of any Letter of Credit Accommodation and for such purposes the drawer or beneficiary shall be deemed such Borrower's agent. Each Borrower assumes all risks for, and agrees to pay, all foreign, Federal, State and local taxes, duties and levies relating to any goods subject to any Letter of Credit Accommodations or any documents, drafts or acceptances thereunder. Each Borrower hereby releases and holds Lender harmless from and against any acts, waivers, errors, delays or omissions, whether caused by any Borrower, by any issuer or correspondent or otherwise with respect to or relating to any Letter of Credit Accommodation. The provisions of this Section 2.2(e) shall survive the payment of Obligations and the termination of this Agreement. (f) Nothing contained herein shall be deemed or construed to grant any Borrower any right or authority to pledge the credit of Lender in any manner. Lender shall have no liability of any kind with respect to any Letter of Credit Accommodation provided by an issuer other than Lender unless Lender has duly executed and delivered to such issuer the application or a guarantee or indemnification in writing with respect to such Letter of Credit Accommodation. Each Borrower shall be bound by any reasonable interpretation made in good faith by Lender, or any other issuer or correspondent under or in connection with any Letter of Credit Accommodation or any documents, drafts or acceptances thereunder, notwithstanding that such interpretation may be inconsistent with any instructions of such or any Borrower. Lender shall have the sole and exclusive right and authority to: (i) at any time an Event of Default exists or has occurred and is continuing, (A) approve or resolve any questions of non-compliance of documents, (B) give any instructions as to acceptance or rejection of any documents or goods or (C) execute any and all applications for steamship or airway guaranties, indemnities or delivery orders, and (ii) at all times, (A) grant any extensions of the maturity of, time of payment for, or time of presentation of, any drafts, acceptances, or documents, and (B) agree to any amendments, renewals, extensions, modifications, changes or cancellations of any of the terms or conditions of any of the applications, Letter of Credit Accommodations, or documents, drafts or acceptances thereunder or any letters of credit included in the Collateral. Lender may take such actions either in its own name or in any Borrower's name. (g) Any rights, remedies, duties or obligations granted or undertaken by any Borrower to any issuer or correspondent in any application for any Letter of Credit Accommodation, or any other agreement in favor of any issuer or correspondent relating to any Letter of Credit Accommodation, shall be deemed to have been granted or undertaken by any Borrower to Lender. Any duties or obligations undertaken by Lender to any issuer or correspondent in any application for any Letter of Credit Accommodation, or any other agreement by Lender in favor of any issuer or correspondent relating to any Letter of Credit Accommodation, shall be deemed to have been undertaken by any Borrower to Lender and to apply in all respects to such Borrower.

  • Line of Credit Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including April 2, 2015, not to exceed at any time the aggregate principal amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) (“Line of Credit”), the proceeds of which shall be used to finance Borrower’s working capital requirements. Borrower’s obligation to repay advances under the Line of Credit shall be evidenced by a promissory note dated as of May 1, 2012 (“Line of Credit Note”), all terms of which are incorporated herein by this reference.

  • Credit Line If your application is approved by us, this agreement will constitute a revolving line of credit for an amount which will be the credit line under your Account. We will advise you of the amount of your credit line. That amount will be the maximum amount you may have outstanding at any time. You agree not to attempt to obtain more credit than the amount of your credit line. However, if you temporarily exceed your credit line, you agree to repay the excess immediately, even if we have not yet billed you. Obtaining such credit does not increase your credit line and if you exceed your Credit Limit repeatedly, we may suspend your credit privilege under this Agreement. We retain the right to increase or decrease your credit line at any time for any reason. Any increase of reduction on the limit of your credit line will be shown on your monthly statement or by separate notice together with any changes in the applicable minimum monthly payments. Your eligibility for this credit line is determined by our loan policy and may be terminated at our sole discretion, without demand or notice. You may close your credit line at any time by notifying us in writing and returning all Cards cut in half. If you terminate this Agreement or if we terminate or suspend your credit privileges, the provisions of this Agreement and your liability hereunder shall otherwise remain in full force and effect until you have paid us all sums due under this Agreement and returned all Cards.

  • Investment Services The Sub-Adviser will formulate and implement a continuous investment program for the Fund conforming to the investment objective, investment policies and restrictions of the Fund as set forth in the Prospectus and Statement of Additional Information of the Company as in effect from time to time (together, the "Registration Statement"), the Articles of Incorporation and By-laws of the Company, and any investment guidelines or other instructions received by the Sub-Adviser in writing from the Investment Manager from time to time. Any amendments to the foregoing documents will not be deemed effective with respect to the Sub-Adviser until the Sub-Adviser's receipt thereof. The appropriate officers and employees of the Sub-Adviser will be available to consult with the Investment Manager, the Company and the Directors at reasonable times and upon reasonable notice concerning the business of the Company, including valuations of securities which are not registered for public sale, not traded on any securities market or otherwise may be deemed illiquid for purposes of the ICA; provided it is understood that the Sub-Adviser is not responsible for daily pricing of the Fund's assets. Subject to the supervision and control of the Investment Manager, which in turn is subject to the supervision and control of the Directors, the Sub-Adviser in its discretion will determine which issuers and securities will be purchased, held, sold or exchanged by the Fund or otherwise represented in the Fund's investment portfolio from time to time and, subject to the provisions of paragraph 3 of this Agreement, will place orders with and give instructions to brokers, dealers and others for all such transactions and cause such transactions to be executed. Custody of the Fund will be maintained by a custodian bank (the "Custodian") and the Investment Manager will authorize the Custodian to honor orders and instructions by employees of the Sub-Adviser designated by the Sub-Adviser to settle transactions in respect of the Fund. No assets may be withdrawn from the Fund other than for settlement of transactions on behalf of the Fund except upon the written authorization of appropriate officers of the Company who shall have been certified as such by proper authorities of the Company prior to the withdrawal. The Sub-Adviser will not be responsible for the provision of administrative, bookkeeping or accounting services to the Fund except as specifically provided herein, as required by the ICA or the Advisers Act or as may be necessary for the Sub-Adviser to supply to the Investment Manager, the Fund or the Fund's shareholders the information required to be provided by the Sub-Adviser hereunder. Any records maintained hereunder shall be the property of the Fund and surrendered promptly upon request. In furnishing the services under this Agreement, the Sub-Adviser will comply with and use its best efforts to enable the Fund to conform to the requirements of: (i) the ICA and the regulations promulgated thereunder; (ii) Subchapter M of the Internal Revenue Code and the regulations promulgated thereunder; (iii) other applicable provisions of state or federal law; (iv) the Articles of Incorporation and By-laws of the Company; (v) policies and determinations of the Company and the Investment Manager provided to the Sub-Adviser in writing; (vi) the fundamental and non-fundamental investment policies and restrictions applicable to the Fund, as set out in the Registration Statement of the Company in effect, or as such investment policies and restrictions from time to time may be amended by the Fund's shareholders or the Directors and communicated to the Sub-Adviser in writing; (vii) the Registration Statement; and (viii) investment guidelines or other instructions received in writing from the Investment Manager. Notwithstanding the foregoing, the Sub-Adviser shall have no responsibility to monitor compliance with limitations or restrictions for which information from the Investment Manager or its authorized agents is required to enable the Sub-Adviser to monitor compliance with such limitations or restrictions unless such information is provided to the Sub-adviser in writing. The Sub-Adviser shall supervise and monitor the activities of its representatives, personnel and agents in connection with the investment program of the Fund. Nothing in this Agreement shall be implied to prevent the Investment Manager from engaging other sub-advisers to provide investment advice and other services to the Fund or to series or portfolios of the Company for which the Sub-Adviser does not provide such services, or to prevent the Investment Manager from providing such services itself in relation to the Fund or such other series or portfolios. The Sub-Adviser shall be responsible for the preparation and filing of Schedule 13-G and Form 13-F on behalf of the Fund. The Sub-Adviser shall not be responsible for the preparation or filing of any other reports required of the Fund by any governmental or regulatory agency, except as expressly agreed in writing.

  • Service Credit To the extent that any Transferred Employee’s acquired rights are not already protected by the Transfer Regulations or other applicable Law, Purchaser shall, and shall cause its Affiliates to, recognize the prior service of, or recognized with respect to, each Transferred Employee as if such service had been performed with Purchaser for all purposes, including eligibility, vesting, service-related level of benefits and benefit accrual (except for any benefit accruals for U.S. union and non-union hourly Transferred Employees under the defined benefit Rexam Pension Plan, provided that such service for benefit accruals purposes under the Rexam Pension Plan shall be recognized for purposes of early retirement subsidies in accordance with Schedule 5.1(h)) under the employee benefit plans and policies provided by Purchaser to such Transferred Employee following the Closing, to the same extent such service was recognized by Seller, Rexam or any of their respective Affiliates, as applicable, immediately prior to the Closing. Purchaser shall, or shall cause its Affiliates (including the Purchased Entities) to, (i) waive any preexisting condition limitations otherwise applicable to Transferred Employees and their eligible dependents under any plan of Purchaser or any Affiliate of Purchaser that provides health or life benefits in which the Transferred Employees may be eligible to participate following the Closing, other than any limitations that were in effect with respect to a Transferred Employee as of the Closing under the analogous Employee Benefit Plan, (ii) honor any deductible, co-payment and out-of-pocket maximums incurred by the Transferred Employees and their eligible dependents under the health plans in which they participated immediately prior to the Closing during the portion of the calendar year prior to the Closing in satisfying any deductibles, co-payments or out-of-pocket maximums under health plans of Purchaser or any of its Affiliates in which they are eligible to participate after the Closing in the same plan year in which such deductibles, co-payments or out-of-pocket maximums were incurred and (iii) waive any waiting period limitation or evidence of insurability requirement that would otherwise be applicable to a Transferred Employee and his or her eligible dependents on or after the Closing, in each case to the extent such Transferred Employee or eligible dependent had satisfied any similar limitation or requirement under an analogous Employee Benefit Plan prior to the Closing.

  • Line of Credit Amount (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the “Facility No. 1 Commitment”) is Five Million and 00/100 Dollars ($5,000,000.00). (b) This is a revolving line of credit. During the availability period, the Borrower may repay principal amounts and reborrow them. (c) The Borrower agrees not to permit the principal balance outstanding to exceed the Facility No. 1

  • Credit The Credit awarded in section 2 of this Agreement will be allocated to Taxpayer by taxable year as set forth in Exhibit A, provided that Taxpayer achieves the Milestones associated with the applicable taxable year, which includes all investments agreed to in the prior years, as set forth in Exhibit A. Taxpayer acknowledges and agrees that, an allocated portion of the Credit is earned by Taxpayer in the taxable year when the Milestones associated with that allocated portion of the Credit are achieved and to avoid recapture, Taxpayer must maintain such Milestones for three (3) subsequent taxable years. All required Milestones identified on a taxable year basis in Exhibit A, must be met in order to earn the allocated portion of the Credit. In the event Taxpayer satisfies the taxable year Milestones in an earlier taxable year than described in Exhibit A (no earlier than taxable

  • BANK OF AMERICA, N A., as Initial Note A-1-1 Holder, Initial Note A-1-2 Holder, Initial Note A-1-3 Holder, Initial Note A-1-4 Holder and Initial Note A-1-5 Holder By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: Managing Director UBS AG, NEW YORK BRANCH, as Initial Note A-2-1 Holder, Initial Note A-2-2 Holder, Initial Note A-2-3 Holder, Initial Note A-2-4 Holder, Initial Note A-2-5 Holder, Initial Note A-2-6 Holder, Initial Note A-2-7 Holder, Initial Note A-2-8 Holder, Initial Note A-2-9 Holder, Initial Note A-2-10 Holder and Initial Note A-2- 11 Holder By: /s/ Xxxxxxx Xxxxx Name: Xxxxxxx Xxxxx Title: Executive Director By: /s/ Xxxxxxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx Title: Managing Director LMF COMMERCIAL, LLC, as Initial Note A-3-1 Holder, Initial Note A-3-2 Holder, Initial Note A-3-3 Holder, Initial Note A-3-4 Holder, Initial Note A-3-5 Holder, Initial Note A-3-6 Holder, Initial Note A-3-7 Holder and Initial Note A-3-8 Holder By: /s/ Xxxxxxx X. Xxxxxxx Name: Xxxxxxx X. Xxxxxxx Title: Auhorized Signatory Description of Mortgage Loan Mortgage Loan Borrowers: 11 WEST 42 REALTY INVESTORS, L.L.C. Date of Mortgage Loan: June 30, 2023 Date of All Promissory Notes: June 30, 2023 Original Principal Amount of Mortgage Loan: $274,000,000 Principal Amount of Mortgage Loan as of the date hereof: $274,000,000 Promissory Note A-1-1 Principal Balance: $30,000,000 Promissory Note A-1-2 Principal Balance: $25,000,000 Promissory Note A-1-3 Principal Balance: $15,000,000 Promissory Note A-1-4 Principal Balance: $11,333,334 Promissory Note A-1-5 Principal Balance: $10,000,000 Promissory Note A-2-1 Principal Balance: $6,333,333 Promissory Note A-2-2 Principal Balance: $20,000,000 Promissory Note A-2-3 Principal Balance: $10,000,000 Promissory Note A-2-4 Principal Balance: $10,000,000 Promissory Note A-2-5 Principal Balance: $10,000,000 Promissory Note A-2-6 Principal Balance: $10,000,000 Promissory Note A-2-7 Principal Balance: $5,000,000 Promissory Note A-2-8 Principal Balance: $5,000,000 Promissory Note A-2-9 Principal Balance: $5,000,000 Promissory Note A-2-10 Principal Balance: $5,000,000 Promissory Note A-2-11 Principal Balance: $5,000,000 Promissory Note A-3-1 Principal Balance: $25,000,000 Promissory Note A-3-2 Principal Balance: $23,000,000 Promissory Note A-3-3 Principal Balance: $10,000,000 Promissory Note A-3-4 Principal Balance: $12,000,000 Promissory Note A-3-5 Principal Balance: $5,000,000 Promissory Note A-3-6 Principal Balance: $5,000,000 Promissory Note A-3-7 Principal Balance: $5,666,667 Promissory Note A-3-8 Principal Balance: $5,666,666 Location of Mortgaged Property: 00 Xxxx 00xx Xxxxxx, Xxx Xxxx, XX 00000 Maturity Date: July 6, 2028

  • Revolving Line of Credit (a) The Bank hereby establishes in favor of the Borrower a revolving line of credit (the “Line of Credit”). The Borrower shall be entitled to borrow, repay and reborrow funds under the Line of Credit in accordance with the terms hereof so long as the total principal amount owed to the Bank under the Line of Credit does not exceed $25,000,000.00 (or such lesser amount as is set forth herein) during the Revolving Period. The Bank’s obligation to make advances hereunder shall terminate at the expiration of the Revolving Period. (b) The Borrower’s indebtedness under the Line of Credit shall be evidenced by a promissory note (as amended, extended or renewed from time to time, the “Line of Credit Note”) of even date herewith executed by the Borrower in favor of the Bank in the original principal amount of $25,000,000.00. The Line of Credit Note shall bear interest at the rate set forth therein and shall be payable as set forth therein. (c) The Bank shall make each advance under the Line of Credit upon written or telephonic notice from the Borrower to the Bank requesting an advance. The notice shall specify the date for which the advance is requested (which must be a Business Day) and the amount of the advance. The Bank must receive the notice prior to 12:00 noon (Eastern time) on the Business Day of the advance. Alternatively, the Borrower may request advances by drawing checks on a deposit account that is linked to the credit facility hereunder in accordance with disbursement arrangements that are mutually satisfactory to the parties. The Bank will make each requested advance available to the Borrower not later than the close of business on the Business Day of the request by crediting the Borrower’s account maintained with the Bank in the amount of the advance if as of such time: (i) the Bank’s obligation to make advances hereunder has not terminated or expired; (ii) a Default or Event of Default has not occurred; and (iii) all conditions to the advance set forth herein or in any other Loan Documents have been satisfied. The Bank may rely upon any written or telephonic notice given by any person that the Bank in good faith believes is an authorized representative of the Borrower without the necessity of any independent investigation. If any telephonic notice conflicts with a written confirmation, the telephonic notice shall govern if the Bank has acted in reliance thereon. (d) For purposes hereof, the term “Revolving Period” shall mean a period commencing on the date hereof and terminating on March 18, 2007.

  • Prior Service Credit A unit employee who has had a break in service shall be credited with prior periods of full-time state employment for leave accrual purposes if that employee's current period of full-time state employment has been three (3) or more continuous years in duration. Only prior periods of full-time state employment of two (2) or more consecutive years in duration shall be eligible for crediting.

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