EFFECT OF DISCONTINUANCE Sample Clauses

EFFECT OF DISCONTINUANCE. As of the date this Contract is discontinued under either 11.1 or 11.2 above: (a) No further Contributions will be accepted by UNUM. (b) Participants will be allowed to request withdrawals subject to the restrictions set forth in Section 403(b) of the Code and regulations thereof. (c) Participants will be allowed to request transfers from each Sub- Account of the Variable Investment Division to the Guaranteed Interest Division. Transfers from the Guaranteed Interest Division to the Variable Investment Division are not allowed. Transfers among the Sub-Accounts of the Variable Investment Division are not allowed. (d) Participants will not be allowed to request loans. (e) UNUM will send written notice to each Participant's last known address stating that the Contract is discontinued and that the Participant's remaining Account balance may be distributed in either (i) a lump sum payment, (ii) a Payout Annuity conversion amount, or (iii) some combination of (i) and (ii). Such form of payment will be distributed at the earlier of: (1) the Participant's attainment of age fifty-nine and one-half (59 1/2), or (2) the Participant's separation from service and age fifty-five (55), or (3) the Participant has died, or (4) the Participant has incurred a disability for which he is receiving Social Security payments, or (5) the date the Participant directs UNUM to transfer the entire value of the Participant's Account to another 403(b) funding vehicle. The Participant's remaining Account balance shall be the balance remaining after (i) the repayment of any, if applicable, outstanding loans including principal, due and accrued interest, and (ii) any applicable CDSC or Annual Administration Charge that applies to the Participant's Account.
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EFFECT OF DISCONTINUANCE. Upon Level 3's discontinuance of Service to ------------------------ Customer, Xxxxx 0 may, in addition to all other remedies that may be available to Level 3 at law or in equity, assess and collect from Customer any applicable termination charge.
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EFFECT OF DISCONTINUANCE. As of the date this Contract is discontinued under either 11.1 or 11.2 above: (a) No further Contributions will be accepted by LL&A. (b) Participants will be allowed to request withdrawals subject to the restrictions set forth in Section 403(b) of the Code and regulations thereof. (c) Participants will be allowed to request transfers from each Sub- Account of the Variable Investment Division to the Guaranteed Interest Division. Transfers from the Guaranteed Interest Division to the Variable Investment Division are not allowed. Transfers among the Sub-Accounts of the Variable Investment Division are not allowed. (d) Participants will not be allowed to request loans. (e) LL&A will send written notice to each Participant's last known address stating that the Contract is discontinued and that the Participant's remaining Account balance will be distributed in a lump sum payment at the earlier of: (1) the Participant's attainment of age fifty-nine and one-half (59 1/2), or (2) separation from service, or (3) the date the Participant directs LL&A to transfer the entire value of the Participant's Account to another 403(b) funding vehicle.
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EFFECT OF DISCONTINUANCE. Upon CyrusOne’s discontinuance of Service to Customer, CyrusOne may, in addition to all other remedies that may be available to CyrusOne at law or in equity, assess and collect from Customer all applicable termination charges due hereunder or under the Customer Order Form.
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EFFECT OF DISCONTINUANCE. Upon CyrusOne’s discontinuance of Service to Customer, CyrusOne may, in addition to and without limitation of any other remedies that may be available to CyrusOne at law or in equity, elect to terminate the Agreement, and/or any Order Form after providing notice to Customer no later than fourteen (14) days prior to the effective termination date.
Sample 1
EFFECT OF DISCONTINUANCE. Upon Level 3's discontinuance of Service under Section 4.1(A) through (D) above, Xxxxx 0 may, in addition to all other remedies that may be available to Level 3 at law or in equity, assess and collect from Customer any applicable termination charge calculated in accordance with Section 3.7.
Sample 1
EFFECT OF DISCONTINUANCE. As of the date this Contract is discontinued under either 11.1 or 11.2 above: (a) No further Contributions will be accepted by Xxxxxxx Life. (b) Participants will be allowed to request withdrawals subject to the restrictions set forth in Section 403(b) of the Code and regulations thereof. (c) Participants will be allowed to request transfers from each Sub- Account of the Variable Investment Division to the Guaranteed Interest Division. Transfers from the Guaranteed Interest Division to the Variable Investment Division are not allowed. Transfers among the Sub-Accounts of the Variable Investment Division are not allowed. (d) Participants will not be allowed to request loans. (e) Lincoln Life will send written notice to each Participant's last known address stating that the Contract is discontinued and that the Participant's remaining Account balance may be distributed in either a payout annuity conversion amount or subject to the five (5) consecutive year payout schedule in accordance with Section 7.6(b) with any remaining Account balance being distributed at the earlier of: (1) the Participant's attainment of age fifty-nine and one-half (59 1/2), or (2) the Participant's separation from service, or (3) the Participant has died, or (4) the Participant has incurred a disability for which he is receiving Social Security Payments.
Sample 1
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EFFECT OF DISCONTINUANCE. Upon TelNet's discontinuance of Service to Customer, in addition to the remedies specified in this Agreement, TelNet may pursue all other remedies that may be available to TelNet at law or in equity.
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EFFECT OF DISCONTINUANCE. Upon Seller’s discontinuance of Service to Customer, Seller may, in addition to all other remedies that may be available to Seller at law or in equity, assess and collect from Customer any applicable termination charge pursuant to Section 3.8.
Sample 1

Related to EFFECT OF DISCONTINUANCE

  • Effect of Dissolution Except as otherwise provided in this Agreement, upon the dissolution of the Company, the Sole Member shall take such actions as may be required pursuant to the Act and shall proceed to wind up, liquidate and terminate the business and affairs of the Company. In connection with such winding up, the Sole Member shall have the authority to liquidate and reduce to cash (to the extent necessary or appropriate) the assets of the Company as promptly as is consistent with obtaining fair value therefor, to apply and distribute the proceeds of such liquidation and any remaining assets in accordance with the provisions of Section 8.3, and to do any and all acts and things authorized by, and in accordance with, the Act and other applicable laws for the purpose of winding up and liquidation.

  • Effect of Suspension You must pay all applicable fees incurred before and during any suspension. You will not be entitled to any service credits under an applicable Service Level Agreement or Service Level Objective during any suspension.

  • Effect of Maturity On the Maturity Date, all commitments of the Lender Group to provide additional credit hereunder shall automatically be terminated and all of the Obligations immediately shall become due and payable without notice or demand and Borrowers shall be required to repay all of the Obligations in full. No termination of the obligations of the Lender Group (other than payment in full of the Obligations and termination of the Commitments) shall relieve or discharge any Loan Party of its duties, obligations, or covenants hereunder or under any other Loan Document and Agent’s Liens in the Collateral shall continue to secure the Obligations and shall remain in effect until all Obligations have been paid in full and the Commitments have been terminated. When all of the Obligations have been paid in full and the Lender Group’s obligations to provide additional credit under the Loan Documents have been terminated irrevocably, Agent will, at Borrowers’ sole expense, execute and deliver any termination statements, lien releases, discharges of security interests, and other similar discharge or release documents (and, if applicable, in recordable form) as are reasonably necessary to release, as of record, Agent’s Liens and all notices of security interests and liens previously filed by Agent.

  • Effect of Default If Tenant is in Default, Landlord is irrevocably authorized, as Tenant’s agent and attorney-in-fact, to direct any transferee under any sublease, license or other occupancy agreement to make all payments under such agreement directly to Landlord (which Landlord shall apply towards Tenant’s obligations hereunder) until such Default is cured. Such transferee shall rely upon any representation by Landlord that Tenant is in Default, whether or not confirmed by Tenant.

  • No Changes that Materially Affect Obligations Notwithstanding anything in this Agreement to the contrary, the Fund agrees not to make any modifications to its registration statement or adopt any policies which would affect materially the obligations or responsibilities of PFPC Trust hereunder without the prior written approval of PFPC Trust, which approval shall not be unreasonably withheld or delayed.

  • Effect of Withdrawal The Company shall not be dissolved by the dissolution or other event of withdrawal of a Member if any Member remains to carry on the business of the Company.

  • Effect of Breach In the event that Executive breaches any provision of this Agreement, Executive agrees that the Company may suspend all payments to Executive under this Agreement (including any Severance Payment), recover from Executive any damages suffered as a result of such breach and recover from Executive any reasonable attorneys’ fees or costs it incurs as a result of such breach. In addition, Executive agrees that the Company may seek injunctive or other equitable relief, without the necessity of posting bond, as a result of a breach by Executive of any provision of this Agreement.

  • Notice and Effect of Material Events The Company will immediately notify each Initial Purchaser, and confirm such notice in writing, of (x) any filing made by the Company of information relating to the offering of the Securities with any securities exchange or any other regulatory body in the United States or any other jurisdiction, and (y) prior to the completion of the placement of the Securities by the Initial Purchasers as evidenced by a notice in writing from the Initial Purchasers to the Company, any material changes in or affecting the condition, financial or otherwise, or the earnings, business affairs or business prospects of the Company and its subsidiaries which (i) make any statement in the Final Offering Memorandum (as amended or supplemented) false or misleading or (ii) are not disclosed in the Final Offering Memorandum (as amended or supplemented). In such event or if during such time any event shall occur as a result of which it is necessary, in the reasonable opinion of any of the Company, its counsel, the Initial Purchasers or counsel for the Initial Purchasers, to amend or supplement the Final Offering Memorandum in order that the Final Offering Memorandum not include any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein not misleading in the light of the circumstances then existing, the Company will forthwith amend or supplement the Final Offering Memorandum by preparing and furnishing to each Initial Purchaser an amendment or amendments of, or a supplement or supplements to, the Final Offering Memorandum (in form and substance satisfactory in the reasonable opinion of counsel for the Initial Purchasers) so that, as so amended or supplemented, the Final Offering Memorandum will not include an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time it is delivered to a Subsequent Purchaser, not misleading.

  • Effect of Agreement Nothing herein contained shall be deemed to require to the Trust to take any action contrary to its Declaration of Trust or its By-Laws or any applicable law, regulation or order to which it is subject or by which it is bound, or to relieve or deprive the Trustees of the Trust of their responsibility for and control of the conduct of the business and affairs of the Trust.

  • EFFECT OF SUSPENSION IN TRADING In the event that on the scheduled Closing Date, either: (a) the NYSE or another primary exchange on which the portfolio securities of the Acquiring Fund or the Acquired Fund are purchased or sold, shall be closed to trading or trading on such exchange shall be restricted; or (b) trading or the reporting of trading on the NYSE or elsewhere shall be disrupted so that accurate appraisal of the value of the net assets of the Acquiring Fund or the Acquired Fund is impracticable, the Closing Date shall be postponed until the first business day after the day when trading is fully resumed and reporting is restored.

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