Establishment of Facilities Sample Clauses

Establishment of Facilities. On the Closing Date, and subject to and upon the terms and conditions of this Agreement and the other Loan Documents:
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Establishment of Facilities. 10 PART 5 SERVICES....................................................... 10
Sample 1
Establishment of Facilities. (a) Subject to the terms and conditions in this Agreement, the Facility 1 Lenders hereby establish a committed, revolving credit facility for the Borrower in the maximum principal amount of the Facility 1 Limit (“Facility 1”). Advances under Facility 1 may be used for working capital and general corporate purposes and also to assist the Borrower in completing the UCB Purchase Transaction (but not [REDACTED: REFERENCE TO POSSIBLE FUTURE PRODUCT ACQUISITION TRANSACTION]). Facility 1 shall be a revolving facility; and for greater certainty, the Borrower shall be entitled to obtain Advances under Facility 1 from time to time and repay all or any portion of the Outstanding Advances under Facility 1 from time to time, provided that the Outstanding Advances under Facility 1 shall not at any time exceed the Facility 1 Limit. Facility 1 shall also include (i) the Swingline, to a maximum amount equal to the Swingline Limit as provided in section 2.06; and (ii) the issuance of Letters of Credit to a maximum aggregate face amount not to exceed Two Million Five Hundred Thousand Dollars ($2,500,000) as provided in section 2.07.
Sample 1
Establishment of Facilities. For a period of eighteen months after the Closing Date, Seller shall not establish a branch office, automated teller machine, or other facility or office or implement the placement of similar facilities or equipment owned by Seller of any Affiliate in the Region. Notwithstanding the foregoing sentence, Seller or its Affiliates shall not be prevented from acquiring, being acquired by, or merging into or consolidating with any financial institution.
Sample 1
Establishment of Facilities. Subject to the terms and conditions hereof, the Banks hereby establish credit facilities for the Companies, consisting of a Revolving Loan Facility under which the Banks may make Revolving Loans, including Foreign Currency Loans, in accordance with subsections 2.2 through 2.16 hereof, a Swing-Line Loan Facility under which the Administrative Agent may make Swing-Line Loans in accordance with subsection 2.17 hereof, an Acceptance Facility under which the Administrative Agent may create Acceptances in accordance with subsection 2.18 hereof, a Bid Banker’s Acceptance Facility under which the Banks may create Bid Banker’s Acceptances in accordance with subsection 2.19 hereof, and a Bid Loan Facility under which the Banks may make Bid Loans in accordance with subsection 2.20 hereof; provided, however, that in no event shall the Companies be entitled to receive any Extension of Credit hereunder if, after giving effect thereto, the Total Outstandings would exceed the Total Commitments.
Sample 1
Establishment of Facilities. The Contractor shall establish food service operations located within the MSGR. Offeror/Contractor shall coordinate with the COR on any additional equipment needs that are identified during the solicitation process. Contractor is responsible for cleaning of all dishes and kitchen equipment used in preparation and serving of meals. The designated site shall accommodate efforts to recycle plastics, glass, and paper apart from compostable food waste.
Sample 1

Related to Establishment of Facilities

  • Condition of Facilities (i) Use of the Real Property of Purchaser for the various purposes for which it is presently being used is permitted as of right under all Applicable Laws related to zoning and is not subject to “permitted nonconforming” use or structure classifications. All Improvements are in compliance with all Applicable Laws, including those pertaining to zoning, building and the disabled, are in good repair and in good condition, ordinary wear and tear excepted, and are free from latent and patent defects. To the Knowledge of Purchaser, no part of any Improvement encroaches on any real property not included in the Real Property of Purchaser, and there are no buildings, structures, fixtures or other Improvements primarily situated on adjoining property which encroach on any part of the Land.

  • Establishment and Purpose The Plan was adopted by the Board of Directors on October 28, 2012, and shall be effective immediately prior to the closing of the initial offering of Stock to the public pursuant to a registration statement filed by the Company with the Securities and Exchange Commission (the “Effective Date”). The purpose of the Plan is to promote the long-term success of the Company and the creation of stockholder value by (a) encouraging Employees, Outside Directors and Consultants to focus on critical long-range objectives, (b) encouraging the attraction and retention of Employees, Outside Directors and Consultants with exceptional qualifications and (c) linking Employees, Outside Directors and Consultants directly to stockholder interests through increased stock ownership. The Plan seeks to achieve this purpose by providing for Awards in the form of restricted shares, stock units, options (which may constitute incentive stock options or nonstatutory stock options), stock appreciation rights or cash-based awards.

  • Establishment of Trust In the event of a Change in Control (other than a Change in Control approved by a majority of the directors on the Board who were directors immediately prior to such Change in Control) the Company shall, upon written request by Indemnitee, create a Trust for the benefit of the Indemnitee and from time to time upon written request of Indemnitee shall fund the Trust in an amount sufficient to satisfy any and all Expenses reasonably anticipated at the time of each such request to be incurred in connection with investigating, preparing for, participating in, and/or defending any Proceeding relating to an Indemnifiable Event. The amount or amounts to be deposited in the Trust pursuant to the foregoing funding obligation shall be determined by the Independent Counsel. The terms of the Trust shall provide that (i) the Trust shall not be revoked or the principal thereof invaded without the written consent of the Indemnitee, (ii) the Trustee shall advance, within ten business days of a request by the Indemnitee, any and all Expenses to the Indemnitee (and the Indemnitee hereby agrees to reimburse the Trust under the same circumstances for which the Indemnitee would be required to reimburse the Company under Section 2(c) of this Agreement), (iii) the Trust shall continue to be funded by the Company in accordance with the funding obligation set forth above, (iv) the Trustee shall promptly pay to the Indemnitee all amounts for which the Indemnitee shall be entitled to indemnification pursuant to this Agreement or otherwise, and (v) all unexpended funds in the Trust shall revert to the Company upon a final determination by the Independent Counsel or a court of competent jurisdiction, as the case may be, that the Indemnitee has been fully indemnified under the terms of this Agreement. The Trustee shall be chosen by the Indemnitee. Nothing in this Section 7 shall relieve the Company of any of its obligations under this Agreement. All income earned on the assets held in the Trust shall be reported as income by the Company for federal, state, local, and foreign tax purposes. The Company shall pay all costs of establishing and maintaining the Trust and shall indemnify the Trustee against any and all expenses (including attorneys’ fees), claims, liabilities, loss, and damages arising out of or relating to this Agreement or the establishment and maintenance of the Trust.

  • Office Facilities During the Employment Period, the Company will furnish Executive, without charge, suitable office facilities for the purpose of performing his duties hereunder, which facilities shall include secretarial, telephone, clerical and support personnel and services and shall be similar to those furnished to employees of the Company having comparable positions.

  • Termination of Facilities Declare the principal of and interest on the Loans, the Notes and the Reimbursement Obligations at the time outstanding, and all other amounts owed to the Lenders and to the Administrative Agent under this Agreement or any of the other Loan Documents (including, without limitation, all L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented or shall be entitled to present the documents required thereunder) and all other Obligations (other than Hedging Obligations), to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the Borrower to request borrowings or Letters of Credit thereunder; provided, that upon the occurrence of an Event of Default specified in Section 12.1(j) or (k), the Credit Facility shall be automatically terminated and all Obligations (other than Hedging Obligations) shall automatically become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or in any other Loan Document to the contrary notwithstanding.

  • Banking Facilities CLAUSE 2.29 of the Disclosure Schedule sets forth ------------------ a true, correct and complete list of:

  • Establishment of the Trust The Depositor does hereby establish, pursuant to the further provisions of this Agreement and the laws of the State of New York, an express trust to be known, for convenience, as “Deutsche Alt-A Securities, Mortgage Loan Trust, Series 2006-AR2” and does hereby appoint HSBC Bank USA, National Association as Trustee in accordance with the provisions of this Agreement.

  • Access to Facilities Each of the Company and each of its Subsidiaries will permit any representatives designated by the Purchaser (or any successor of the Purchaser), upon reasonable notice and during normal business hours, at such person's expense and accompanied by a representative of the Company, to:

  • Establishment of Deposit Account The Financial Institution hereby confirms and agrees that:

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