Extension Procedures Sample Clauses

Extension Procedures. Each extension of the Maturity Date contemplated by Section 2.18.1 shall become effective on the date (an “Extension Effective Date”) on which the following conditions precedent have been satisfied: (a) Administrative Agent shall have received the written notice referred to in Section 2.18.1 and (b) Prologis shall have paid to Administrative Agent, for the benefit of each Lender, an extension fee in an amount equal to 0.125% times such Lender’s Commitment, and Administrative Agent shall promptly remit such extension fee to each Lender upon receipt thereof; provided that if an Event of Default has occurred and is continuing on the date on which such conditions are satisfied with respect to a proposed extension, the Extension Effective Date for such extension shall be the first date thereafter, if any, on or before the then-applicable Maturity Date on which no Event of Default is continuing. Upon the satisfaction of the conditions precedent set forth in this Section 2.18.2 and the occurrence of an Extension Effective Date, Administrative Agent shall promptly confirm to Prologis and the Lenders such extension and such Extension Effective Date.
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Extension Procedures. Each extension of the Maturity Date contemplated by Section 6.10.1 shall become effective on the date (an “Extension Effective Date”) on which the following conditions precedent have been satisfied: (a) Global Administrative Agent shall have received the written notice referred to in Section 6.10.1 and (b) Prologis shall have paid to Global Administrative Agent, for the benefit of each Lender, an extension fee in an amount equal to 0.0625% times such Lender’s Commitment, and Global Administrative Agent shall promptly remit such extension fee to each Lender upon receipt thereof; provided that if an Event of Default has occurred and is continuing on the date on which such conditions are satisfied with respect to a proposed extension, the Extension Effective Date for such extension shall be the first date thereafter, if any, on or before the then-applicable Maturity Date on which no Event of Default is continuing. Upon the satisfaction of the conditions precedent set forth in this Section 6.10.2 and the occurrence of an Extension Effective Date, Global Administrative Agent shall promptly confirm to Prologis and the Lenders such extension and such Extension Effective Date. The extension fee described above shall be payable in (i) Dollars with respect to U.S. Commitments, (ii) Dollars or, at Prologis’ option, Euros with respect to Euro Commitments, and (iii) Dollars or, at Prologis’ option, the applicable Primary Currency with respect to any Supplemental Commitments.
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Extension Procedures. The extension of the Maturity Date contemplated by Section 6.10.1 shall become effective on the date (the “Extension Effective Date”) on which the following conditions precedent have been satisfied: (a) Global Administrative Agent shall have received the written notice referred to in Section 6.10.1 and (b) Prologis shall have paid to Global Administrative Agent, for the benefit of each Lender, an extension fee in an amount equal to 0.20% times such Lender’s Commitment, and Global Administrative Agent shall promptly remit such extension fee to each Lender upon receipt thereof; provided that if an Event of Default has occurred and is continuing on the date on which such conditions are satisfied, the Extension Effective Date shall be the first date thereafter, if any, on or before the Maturity Date on which no Event of Default is continuing. Upon the satisfaction of the conditions precedent set forth in this Section 6.10.2 and the occurrence of the Extension Effective Date, Global Administrative Agent shall promptly confirm to Prologis and the Lenders such extension and the Extension Effective Date. The extension fee described above shall be payable in (i) Dollars with respect to U.S. Commitments, (ii) Dollars or, at Prologis’ option, Euros with respect to Euro Commitments, (iii) Yen with respect to Yen Commitments, and (iv) Dollars or, at Prologis’ option, the applicable Primary Currency with respect to any Supplemental Commitments.
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Extension Procedures. The Commitment of each Lender, and this Agreement as between such Lender and the Borrower, may be extended for one period of one year upon mutual agreement of such Lender and the Borrower in the manner provided in this Section 2.17, to the effect that the Termination Date with respect to such Lender for all purposes under this Agreement and the Notes shall be extended by one year to April 20, 2001. The request for such an extension shall be made by the Borrower in writing and delivered to the Agent no later than 60 days but not sooner than 90 days prior to the second anniversary of this Agreement. Promptly following the Agent's receipt of any such request, the Agent shall notify each Lender thereof. Each Lender may, in its sole discretion, agree to such extension by giving written notice of such agreement to the Agent and the Borrower within 30 days following the Borrower's request for such extension (each Lender which so consents to a requested extension is herein called a "Consenting Lender" and each Lender which does not so consent to a requested extension is herein called a "Non-consenting Lender"). If any Lender fails to respond to any such request, such Lender shall be deemed to be a Non-consenting Lender. If Consenting Lenders hold 66 2/3% or more of the Aggregate Commitment, then the Termination Date of each Consenting Lender shall be so extended and the Termination Date of each Nonconsenting Lender, if any, shall remain unchanged. If Consenting Lenders hold less than 66 2/3% of the Aggregate commitment, then the termination date shall not be extended for any of the Lenders.
Sample 1
Extension Procedures. As long as ITC is not then in breach of any material provision of this Agreement, ITC may extend the term of this Agreement beyond the Base Period, for up to four Option Periods, three option periods of 12 months each duration, and one option period of 17 months duration, beginning on the first day following the expiration date of the Base Period. In order to exercise the option, ITC must give Reseller preliminary notice, in writing, not less than sixty (60) days prior to the expiration date, of its intention to do so. Extension of the term of this Agreement will obligate ITC to pay the next required annual installment payment for Enterprise Lot Products, as described in Section 5.3 above, unless superseded as set forth below. If the Agency does not extend ITC's BPA, ITC must notify Reseller no later than three (3) business days after ITC's receipt of written notice from the Agency that Agency will not exercise the next option. If no written notice is received by ITC but Agency fails to timely exercise the Option and orally informs ITC that it will not exercise the option, ITC shall inform the Reseller in writing no later than three (3) business days after receipt of oral notification from the Agency. Such notice shall supersede ITC's preliminary extension notice, and this Agreement shall expire at midnight of the last day of the current Agreement Year, unless terminated earlier as provided herein. The "termination date" as referred to in paragraph 4.1.3 of this agreement, will be the last day of the current Agreement Year, whether or not this is specifically stated in ITC's Option Notification letter to the Reseller. If Agency does not timely exercise the Option due to lack of sufficient funds, but informs ITC of its intention to exercise the Option upon receipt of adequate funding, ITC shall provide the information to the Reseller in writing, no later than three (3) business days after receipt of the information from the Agency. In the event this situation occurs, the Agreement will not be deemed to be terminated. If Reseller does not receive notification from ITC of the Agency's intention not to extend or the Agency's intent to extend upon receipt of adequate funding, as provided above, the option extension will be deemed to be in effect and ITC must provide an invoice to the IRS with the Beyoxx.xxx xxxittance information for the annual installment within fifteen (15) business days after the first day of the first month of the Option Year, at which time...
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Extension Procedures. If the Escrowed Property has not otherwise been released pursuant to Section 4 hereof prior to February 28, 2003 and the Company has delivered an FCC Approval Notice by February 28, 2003, then the Escrowed Property shall remain in escrow and the parties shall follow the procedures outlined in Section 4.1 and 4.2 hereof; provided, however, that after the delivery of a Certification Objection, if any, if the Bankruptcy Court determines that FCC Approval has not been received, then Leucadia shall provide the items described in Section 5.1 hereof and the Escrowed Property shall be released pursuant to Section 5.2 hereof and the stock cancelled pursuant to Section 5.4 hereof.
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Extension Procedures. The extension of the Maturity Date contemplated by Section 8.10.1 shall become effective on the date (the “Extension Effective Date”) on which the following conditions precedent have been satisfied: (a) Global Administrative Agent shall have received a certificate of ProLogis dated as of the Extension Effective Date (in sufficient copies for each Lender) signed by a Responsible Officer of ProLogis (i) providing evidence reasonably satisfactory to Global Administrative Agent that each Loan Party has taken all necessary action to authorize such extension and (ii) certifying that, before and after giving effect to such extension, (x) the representations and warranties contained in Article XI and the other Loan Documents are true and correct in all material respects on and as of the Extension Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except that for purposes of this Section 8.10, the representations and warranties contained in subsection (a) of Section 11.5 shall be deemed to refer to the most recent statements furnished pursuant to subsection (a) of Section 12.1, and (y) no Default exists before or after giving effect to such extension, and (b) Borrowers shall have paid to Global Administrative Agent, for the benefit of each Lender, an extension fee in an amount equal to 0.075% times such Lender’s Commitment, and Global Administrative Agent shall promptly remit such extension fee to each Lender upon receipt thereof. Upon the satisfaction of the conditions precedent set forth in this Section 8.10.2, Global Administrative Agent shall promptly confirm to Lenders such extension and the Extension Effective Date.
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Extension Procedures. 25 2.17.2. Termination of Lenders . . . . . . . . . . . 25 2.17.3. Successor Lenders. . . . . . . . . . . . . . 26 3.1.
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Related to Extension Procedures

  • Termination Procedures If Parent wishes to terminate this Agreement pursuant to Section 8.1(a) or Section 8.1(c), Parent shall deliver to the Company a written notice stating that Parent is terminating this Agreement and setting forth a brief description of the basis on which Parent is terminating this Agreement. If the Company wishes to terminate this Agreement pursuant to Section 8.1(b) or Section 8.1(d), the Company shall deliver to Parent a written notice stating that the Company is terminating this Agreement and setting forth a brief description of the basis on which the Company is terminating this Agreement.

  • Creation Procedures On any Business Day, an Authorized Participant may place an order with the Marketing Agent to create one or more Creation Baskets in accordance with this Agreement and the Procedures. For purposes of processing Purchase and Redemption Orders, a “Business Day” means any day other than a day when any of the NYSE Arca, ICE Futures Exchange or the New York Stock Exchange is closed for regular trading. Purchase orders must be placed by 12:00 PM New York time or the close of regular trading on NYSE Arca, whichever is earlier, except in the case of an Authorized Participant’s initial order to purchase one or more Creation Baskets on the first day the Baskets are to be offered and sold, when such orders shall be placed by 9:00 AM New York time on the day agreed to by the General Partner and the Authorized Participant. The day on which the Marketing Agent receives a valid Purchase Order is the Purchase Order Date. By placing a Purchase Order, an Authorized Participant agrees to (1) deposit Treasuries, cash, or a combination of Treasuries and cash with the Custodian of the Fund, and (2) if required by the General Partner in its sole discretion, enter into or arrange for a block trade, an exchange for physical or exchange for swap, or any other over-the-counter energy transaction (through itself or a designated acceptable broker) with the Fund for the purchase of a number and type of futures contracts at the closing settlement price for such contracts on the Purchase Order Date, as specified in the Purchase Order Form (see Exhibit B). Failure to consummate (1) and (2) above shall result in the cancellation of the order. The number and type of contracts specified shall be determined by the General Partner, in its sole discretion, to meet the Fund’s investment objective and shall be purchased as a result of the Authorized Participant’s purchase of Shares. Prior to the delivery of Baskets for a Purchase Order, the Authorized Participant must also have wired to the Custodian the non-refundable transaction fee due for the Purchase Order. “Treasuries” shall be any U.S. treasury security with two years or less remaining to maturity with an aggregate market value, as determined in the sole discretion of the Administrator using the valuation procedures set forth in Exhibit D that together with any cash amount, will equal the purchase price of the Creation Basket being purchased. The total deposit required to create each basket (“Creation Basket Deposit”) will be an amount of Treasuries and/or cash that is in the same proportion to the total assets of the Fund (net of estimated accrued but unpaid fees, expenses and other liabilities) on the date the order to purchase is accepted as the number of Shares to be created under the Purchase Order is in proportion to the total number of Shares outstanding on the date the order is received. The General Partner determines, directly in its sole discretion, or in consultation with the Administrator, the requirements for Treasuries and/or the amount of cash, including the maximum permitted remaining maturity of a Treasury and the proportions of Treasuries and cash, that may be included in deposits to create Baskets. The Marketing Agent will publish such requirements at the beginning of each business day. Unless otherwise determined by the General Partner, if Treasuries and cash are to be deposited, the amount of the cash deposit required will be the difference between (i) the aggregate market value of the Treasuries required to be included in a Creation Basket Deposit as of 4:00 PM New York time on the Purchase Order Date and (ii) the total required deposit. An Authorized Participant who places a Purchase Order is responsible for transferring to the Fund’s account with the Custodian the required amount of Treasuries and/or cash by the end of the third Business Day following the Purchase Order Date, except in the case of an Authorized Participant’s initial order to purchase one or more Creation Baskets on the first day the Baskets are to be offered and sold when the Creation Basket Deposit will be due by 12:00 PM New York time on the date the Purchase Order was accepted by the Marketing Agent. Upon receipt of the deposit amount, the Administrator will cause DTC to credit the number of Baskets ordered to the Authorized Participant’s DTC account on the third Business Day following the Purchase Order Date, except in the case of an Authorized Participant’s initial order to purchase one or more Creation Baskets, when the Administrator will cause DTC to credit the number of Baskets so ordered upon confirmation by the Custodian that the Creation Basket Deposit has been received by the Custodian. The expense and risk of delivery and ownership of Treasuries until such Treasuries have been received by the Custodian on behalf of the Fund shall be borne solely by the Authorized Participant.

  • Escalation Procedures Documented customer support processes are to be developed by PSI. Specific process documentation is required for the following: o customer support procedures o trouble escalation procedures o trouble ticketing, tracking, and resolution PSI must provide information to the IXC customer describing customer support, problem resolution, and trouble escalation procedures, customer contact information, and trouble reporting methods.

  • Auction Procedures The provisions contained in Section 11.10 of the Amended and Restated Bylaws concerning Auction Procedures will be followed by the Fund and, to the extent applicable, the Auction Agent, and the provisions contained therein are incorporated herein by reference in their entirety and shall be deemed to be a part of this Agreement to the same extent as if such provisions were set forth fully herein.

  • Selection Procedures In selecting the Loan Assets to be Pledged pursuant to this Agreement, no selection procedures were employed which are intended to be adverse to the interests of the Lenders.

  • Election Procedures Each holder of record of shares of Company Common Stock (“Holder”) shall have the right, subject to the limitations set forth in this Article II, to submit an election in accordance with the following procedures:

  • Collection Procedures (a) On or before the Closing Date, the Seller and the Purchaser shall have established and shall maintain thereafter the system of collecting and processing Collections of Receivables in accordance with Section 2.02 of the Servicing Agreement.

  • Notification Procedures The Auction Manager will calculate the Applicable Threshold Price no later than the next Business Day after the date that the Return Bids were due. The Auction Manager will insert the amount of Term Loans to be assigned and the applicable settlement date determined by the Auction Manager in consultation with the Offeror onto each applicable Auction Assignment and Acceptance received in connection with a Qualifying Bid. Upon written request of the submitting Lender, the Auction Manager will promptly return any Auction Assignment and Acceptance received in connection with a Return Bid that is not a Qualifying Bid.

  • Proration Procedures All Term Loans offered in Return Bids (or, if applicable, any component bid thereof) constituting Qualifying Bids equal to the Applicable Threshold Price will be purchased at a purchase price equal to the Applicable Threshold Price; provided that if the aggregate principal amount of all Term Loans for which Qualifying Bids have been submitted in any given Auction equal to the Applicable Threshold Price would exceed the remaining portion of the Auction Amount (after deducting all Term Loans purchased below the Applicable Threshold Price), the Offeror shall purchase the Term Loans for which the Qualifying Bids submitted were at the Applicable Threshold Price ratably based on the respective principal amounts offered and in an aggregate amount up to the amount necessary to complete the purchase of the Auction Amount. For the avoidance of doubt, no Return Bids (or any component thereof) will be accepted above the Applicable Threshold Price.

  • Transition Procedures Upon the expiration or termination of the Term of this Lease, for whatever reason (other than a purchase of the Leased Property by Lessee), Lessor and Lessee shall do the following (and the provisions of this Section 2.3 shall survive the expiration or termination of this Lease until they have been fully performed) and, in general, shall cooperate in good faith to effect an orderly transition of the management and/or lease of the Hotel:

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