Expiration of Extension Period Sample Clauses

Expiration of Extension Period. If no Liquidating Event shall have occurred, then on and after the Extension Period Termination Date and notwithstanding any other provision of this Garnet LLC Agreement: (i) the Garnet Preferred Member shall have no right or authority to cause Garnet to take any action and, without limitation of the foregoing, all of the Garnet Preferred Member's rights under Sections 7.4, 11.3 and 11.4 shall be terminated and the Garnet Common Member shall, without further action, have all of the rights given to the Garnet Preferred Member under such Sections, (ii) the Garnet Common Member shall have the right and authority to cause Garnet to admit one or more additional Members and/or issue additional membership interests, and (iii) the Garnet Common Member shall have the right to cause Garnet to retire the Garnet Preferred Member Interest for an amount equal to the Garnet Preferred Member's then current Capital Account balance.
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Expiration of Extension Period. If no Liquidating Event shall have occurred, then on and after the Extension Period Termination Date and notwithstanding any other provision of this Topaz LLC Agreement: (i) the Topaz Minority Member shall have no right or authority to cause Topaz to take any action and, without limitation of the foregoing, all of the Topaz Minority Member's rights under Sections 7.4, 11.3 and 11.4 shall be terminated and the Topaz Majority Member shall, without further action, have all of the rights given to the Topaz Minority Member under such Sections, (ii) the Topaz Majority Member shall have the right and authority to cause Topaz to admit one or more additional Members and/or issue additional membership interests, and (iii) the Topaz Majority Member shall have the right to cause Topaz to retire the Topaz Minority Member Interest for an amount equal to the Topaz Minority Member's then current Capital Account balance.
Expiration of Extension Period. If no Liquidating Event shall have occurred, then after the Extension Period Termination Date: (i) the Diamond Class A Member shall have no right or authority to cause Diamond to take any action and, without limitation of the foregoing, all of the Diamond Class A Member's rights under Sections 7.4, 11.3 and 11.4 shall be terminated and the Diamond Class B Member shall, without further action, have all of the rights given to the Diamond Class A Member under such Sections, (ii) the Diamond Class B Member shall have the right and authority to cause Diamond to admit one or more additional Members and/or issue additional membership interests and (iii) the Diamond Class B Member shall have the right to cause Diamond to retire the Diamond Class A Member Interest for an amount equal to the Diamond Class A Member's then current Capital Account balance.

Related to Expiration of Extension Period

  • Extension of Expiration Date If the Company fails to cause any Registration Statement covering Registrable Securities (unless otherwise defined herein, capitalized terms are as defined in the Registration Rights Agreement relating to the Warrant Shares (the "Registration Rights Agreement")) to be declared effective prior to the applicable dates set forth therein, or if any of the events specified in Section 2(c)(ii) of the Registration Rights Agreement occurs, and the Blackout Period (whether alone, or in combination with any other Blackout Period) continues for more than 60 days in any 12 month period, or for more than a total of 90 days, then the Expiration Date of this Warrant shall be extended one day for each day beyond the 60-day or 90-day limits, as the case may be, that the Blackout Period continues.

  • Extension of Facility Termination Date The Seller may advise any Managing Agent in writing of its desire to extend the Facility Termination Date for an additional period not exceeding 364 days, provided such request is made not more than 90 days prior to, and not less than 60 days prior to, the then current Facility Termination Date. Each Managing Agent so advised by the Seller shall promptly notify each Committed Purchaser in its related Purchaser Group of any such request and each such Committed Purchaser shall notify its related Managing Agent, the Collateral Agent and the Seller of its decision to accept or decline the request for such extension no later than 30 days prior to the then current Facility Termination Date (it being understood that each Committed Purchaser may accept or decline such request in its sole discretion and on such terms as it may elect, and the failure to so notify its Managing Agent, the Collateral Agent and the Seller shall be deemed an election not to extend by such Committed Purchaser). In the event that at least one Committed Purchaser agrees to extend the Facility Termination Date, the Seller Parties, the Collateral Agent, the extending Committed Purchasers and the applicable Managing Agent or Managing Agents shall enter into such documents as such extending Committed Purchasers may deem necessary or appropriate to reflect such extension, and all reasonable costs and expenses incurred by such Committed Purchasers, the Managing Agents and the Collateral Agent (including reasonable attorneys’ fees) shall be paid by the Seller. In the event that any Committed Purchaser (a) declines the request to extend the Facility Termination Date or (b) is in a Purchaser Group with respect to which the Seller did not seek an extension of the Facility Termination Date (each such Committed Purchaser being referred to herein as a “Non-Renewing Committed Purchaser”), and, in the case of a Non-Renewing Committed Purchaser described in clause (a), the Commitment of such Non-Renewing Committed Purchaser is not assigned to another Person in accordance with the terms of this Article XI prior to the then current Facility Termination Date, the Purchase Limit shall be reduced by an amount equal to each such Non-Renewing Committed Purchaser’s Commitment on the then current Facility Termination Date.

  • Extension Period Any extension hereof shall be subject to the provisions of Article III hereof.

  • Expiration Date Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date one year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension) and (ii) the date that is five Business Days prior to the Maturity Date.

  • Expiration of the Term This Agreement shall terminate automatically at the expiration of the Period of Employment unless the parties enter into a written agreement extending Employee's employment, except for the continuing obligations of the parties as specified hereunder.

  • COMMENCEMENT/EXPIRATION DATE This agreement is executed as of the date of the last signature and is effective through at which time it will expire. The expiration date is the final date for completion of all work activities under this agreement.

  • Expiration/Termination Upon expiration of the Service Period or termination pursuant to Section 7 of the General Terms, Customer shall immediately cease use of the Service and return or destroy (in accordance with Avaya’s instructions) any Deliverables provided to Customer in connection with the Service, including any Avaya’s Intellectual Property. Upon request, Customer shall certify in writing to Avaya that Customer has complied with this provision and Avaya may provide such certification to its suppliers.

  • Renewal, Extension The renewal or extension of any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

  • Extension Term The options to extend the Term of this Lease as described above shall not be deemed exercised by Tenant unless at least twenty-four (24) months prior to the Lease Expiration Date for the Primary Term or at least twenty-four (24) months prior to the expiration of the Extension Term for the first (1st) Extension Term, Tenant shall have delivered written notice to Landlord of Tenant's irrevocable election to so extend this Lease at the end of the Primary Term or the first (1st) Extension Term, as applicable. Tenant's failure to deliver one (1) such timely notice to Landlord shall terminate all future Extension Terms, if any, following the Extension Term to which such notice specifically relates. Subject to the provisions of paragraph 5 of this Lease, the terms and conditions of this Lease shall apply to each Extension Term with the same force and effect as if such Extension Term had originally been included in the Primary Term of the Lease. The right of Tenant to exercise its rights with respect to the Extension Terms shall be conditioned upon this Lease being in full force and effect and no Event of Default then existing as of the Lease Expiration Date (for the first (1st) Extension Term), or expiration of the first (1st) Extension Term (for the second (2nd) Extension Term). The Primary Term, together with any Extension Term with respect to which Tenant properly exercises its option, and for which the conditions related thereto are satisfied, shall constitute the "TERM" of this Lease.

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