Extension of New Agreements Sample Clauses

Extension of New Agreements. If pursuant to Section 4.2, an election is made to extend all of the New Agreements, each New Agreement which has not been terminated, assigned or transferred by one or more members of the Capstar Group (the "Non-Terminated Agreements") shall be extended by a number of months (or a fraction thereof) equal to the Anniversary Extension (as hereafter defined). The Anniversary Extension shall be that number of months (or a fraction thereof) determined by dividing (a) either the aggregate amount that would have been payable to Katz xxxsuant to the terminated agreement with Katz xxxs the amount projected to be payable to Katz xxxer the New Agreement, or the aggregate amount that Katz xxxd to the prior or terminated national sales representative less the amount projected to be payable to Katz xxxer the New Agreement prior to December 30, 2005 (in either case based upon the Additional Station's average monthly Station Net Billing for the twelve months preceding its acquisition at the commission rate the Capstar Group will be paying pursuant to this Master Agreement, after giving effect to such acquisition) by (b) the Remaining Monthly Commissions. "Remaining Monthly Commissions" shall mean (i) the Station Net Billing of the Stations subject to Non-Terminated Agreements for the twelve (12) broadcast months immediately preceding the effective date of the event giving rise to the rights provided in this Section 4.3, multiplied by the commission rate then in effect pursuant to Section 3.1 hereof, divided by (ii) twelve (12). Each extension to a New Agreement pursuant to this section will be evidenced by an amendment to such New Agreement.
Sample 1
AutoNDA by SimpleDocs

Related to Extension of New Agreements

  • Terms of New Loans and Commitments The terms and provisions of Loans made pursuant to the new Commitments shall be as follows:

  • Making of New Term Loans On any Increase Effective Date on which new Commitments for Term Loans are effective, subject to the satisfaction of the foregoing terms and conditions, each Lender of such new Commitment shall make a Term Loan to Borrower in an amount equal to its new Commitment.

  • Approval of New Lenders Any New Lender shall be subject to the approval of the Administrative Agent, which approval shall not be unreasonably withheld.

  • Applicability to New Accounts and New Contracts The parties to this Agreement may amend the schedules to this Agreement from time to time to reflect, as appropriate, changes in or relating to the Contracts, any Series or Class, additions of new classes of Contracts to be issued by the Company and separate accounts therefor investing in the Trust. Such amendments may be made effective by executing the form of amendment included on each schedule attached hereto. The provisions of this Agreement shall be equally applicable to each such class of Contracts, Series, Class or separate account, as applicable, effective as of the date of amendment of such Schedule, unless the context otherwise requires. The parties to this Agreement may amend this Agreement from time to time by written agreement signed by all of the parties.

  • Application of construction and interpretation provisions of Loan Agreement Clauses 1.2 and 1.5 of the Loan Agreement apply, with any necessary modifications, to this Agreement.

  • Issuance of New Notes Whenever the Company is required to issue a new Note pursuant to the terms of this Note, such new Note (i) shall be of like tenor with this Note, (ii) shall represent, as indicated on the face of such new Note, the Principal remaining outstanding (or in the case of a new Note being issued pursuant to Section 17(a) or Section 17(c), the Principal designated by the Holder which, when added to the principal represented by the other new Notes issued in connection with such issuance, does not exceed the Principal remaining outstanding under this Note immediately prior to such issuance of new Notes), (iii) shall have an issuance date, as indicated on the face of such new Note, which is the same as the Issuance Date of this Note, (iv) shall have the same rights and conditions as this Note, and (v) shall represent accrued and unpaid Interest and Late Charges on the Principal and Interest of this Note, from the Issuance Date.

  • Issuance of New Certificates to Pledgee A pledgee of Shares transferred as collateral security shall be entitled to a new certificate if the instrument of transfer substantially describes the debt or duty that is intended to be secured thereby. Such new certificate shall express on its face that it is held as collateral security, and the name of pledgor shall be stated thereon, who alone shall be liable as a Shareholder and entitled to vote thereon.

  • Modifications and Amendments; Waivers and Consents The terms and provisions of this Agreement may be modified or amended as provided in the Plan. Except as provided in the Plan, the terms and provisions of this Agreement may be waived, or consent for the departure therefrom granted, only by written document executed by the party entitled to the benefits of such terms or provisions. No such waiver or consent shall be deemed to be or shall constitute a waiver or consent with respect to any other terms or provisions of this Agreement, whether or not similar. Each such waiver or consent shall be effective only in the specific instance and for the purpose for which it was given, and shall not constitute a continuing waiver or consent.

  • Entire Agreement Construction Amendments and Waivers 11.6.1 This Agreement, the Notes and each of the other Loan Documents dated as of the date hereof, taken together, constitute and contain the entire agreement among Borrowers, Lenders and Agent and supersede any and all prior agreements, negotiations, correspondence, understandings and communications between the parties, whether written or oral, respecting the subject matter hereof.

  • Issuance of New Note Upon any partial conversion of this Note, a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Borrower to the Holder for the principal balance of this Note and interest which shall not have been converted or paid. The Borrower will pay no costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

Time is Money Join Law Insider Premium to draft better contracts faster.