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 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 August 7, 2000. 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 Non-consenting 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.
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Extension Procedures. Any extension of the Maturity Date contemplated by Section 6.11.1 shall become effective on the date (the “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 6.11.1 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, the Extension Effective Date shall be the first date thereafter, if any, on or before the then-current Maturity Date on which no Event of Default is continuing. Upon the satisfaction of the conditions precedent set forth in this Section 6.11.2 and the occurrence of the Extension Effective Date, Administrative Agent shall promptly confirm to Prologis and 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) Euros with respect to Euro Commitments, (iii) Yen with respect to Yen Commitments, and (iv) Sterling with respect to the Sterling Tranche.
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. 25 2.17.2. Termination of Lenders . . . . . . . . . . . 25 2.17.3. Successor Lenders. . . . . . . . . . . . . . 26 3.1.
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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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Related to Extension Procedures

  • Termination Procedures The Contractor acknowledges that this Agreement may be terminated for Convenience or Default.

  • Application Procedures i) An employee applies for a listing on the system-wide registry through the employee’s Human Resources Department by completing the form in Appendix A. ii) The institution will immediately forward the completed form to the PSEA who will list eligible employees on the system-wide registry. iii) A registrant is responsible to ensure the information is current and to immediately notify the Employer and the local Union if the registrant is no longer available for employment through the Registry.

  • ESCALATION PROCEDURES 48.1 The Standard Practices outlines the escalation process which may be invoked at any point in the Service Ordering, Provisioning, and Maintenance processes to facilitate rapid and timely resolution of disputes.

  • 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 III, to submit an election with respect to the shares of Company Virginia Sub Common Stock to be received by such holder in the Reincorporation Merger in accordance with the following procedures: (a) Each Holder may specify in a request made in accordance with the provisions of this Section 3.1 (herein called an “Election”) (i) the number of shares of Company Virginia Sub Common Stock to be owned by such Holder as a result of the Reincorporation Merger with respect to which such Holder desires to make a Share Election and (ii) the number of shares of Company Virginia Sub Common Stock to be owned by such Holder as a result of the Reincorporation Merger with respect to which such Holder desires to make a Cash Election. (b) Parent shall prepare a form reasonably acceptable to the Company (the “Form of Election”) which shall be mailed to record holders of Company Common Stock so as to permit those holders to exercise their right to make an Election prior to the Election Deadline. (c) Parent shall make the Form of Election initially available not less than twenty (20) business days prior to the anticipated Election Deadline and shall use all reasonable efforts to make available as promptly as possible a Form of Election to any stockholder of the Company who requests such Form of Election following the initial mailing of the Forms of Election and prior to the Election Deadline. The Form of Election shall contain instructions for effecting the surrender of Company Certificates (which, following the Reincorporation Merger shall represent Company Virginia Sub Common Stock) in exchange for receipts representing the Parent ADSs, as well as the Cash Consideration and cash in lieu fractional shares and, if any Holder so elects and subject to the proviso to the last sentence of Section 2.4(a)(iv), Parent Ordinary Shares in account entry form in lieu of Parent ADSs. (d) Any Election shall have been made properly only if the person authorized to receive Elections and to act as exchange agent under this Agreement, which person shall be a bank or trust company selected by Parent and reasonably acceptable to the Company (the “Exchange Agent”), pursuant to an agreement (the “Exchange Agent Agreement”) entered into prior to the mailing of the Form of Election to Company stockholders, shall have received, by the Election Deadline, a Form of Election properly completed and signed and accompanied by Company Certificate(s) (which, following the Reincorporation Merger shall represent Company Virginia Sub Common Stock) to which such Form of Election relates or by an appropriate customary guarantee of delivery of such certificates, as set forth in such Form of Election, from a member of any registered national securities exchange or a commercial bank or trust company in the United States; provided, that such Company Certificates are in fact delivered to the Exchange Agent by the time required in such guarantee of delivery. Failure to deliver shares of Company Common Stock covered by such a guarantee of delivery within the time set forth on such guarantee shall be deemed to invalidate any otherwise properly made Election, unless otherwise determined by Parent, in its sole discretion. As used herein, unless otherwise agreed in advance by the parties, “Election Deadline” means 5:00 p.m. local time (in the city in which the principal office of the Exchange Agent is located) on the date that Parent and the Company shall agree is as near as practicable to five (5) business days prior to the expected Closing Date. Parent and the Company shall cooperate to issue a press release reasonably satisfactory to each of them announcing the date of the Election Deadline not more than twenty (20) business days before, and at least ten (10) business days prior to, the Election Deadline.

  • 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. (b) The Seller shall cause all in-store payments to be (i) processed as soon as possible after such payments are received by the Seller but in no event later than the Business Day after such receipt, and (ii) delivered to the Servicer or, if a Daily Payment Event has occurred, deposited in the Collection Account no later than the second Business Day following the date of such receipt. (c) The Seller and the Purchaser shall deliver to the Servicer or, if a Daily Payment Event has occurred, deposit into the Collection Account all Recoveries received by it within two Business Days after the Date of Processing for such Recovery. (d) Any funds held by the Seller representing Collections of Receivables shall, until delivered to the Servicer or deposited in the Collection Account, be held in trust by the Seller on behalf of the Trustee as part of the Trust Estate. (e) The Seller hereby irrevocably waives any right to set off against, or otherwise deduct from, any Collections. (f) The Seller acknowledges that Seller shall not have any right, title or interest in and to any Trust Account.

  • NEGOTIATION PROCEDURES A. At least sixty (60) days prior to the expiration of this Agreement, the parties will begin negotiations for a new Agreement covering wages, hours, terms and conditions of employment of employees covered by this Agreement. B. In any negotiations described in this article, neither party shall have control over the selection of the negotiating representatives of the other party and each party may select its representatives from within or outside the school district. It is recognized that no final Agreement between the parties may be executed without ratification by the Board and the Association. The parties mutually pledge that representatives selected by each shall be clothed with necessary power and authority to make proposals and concessions in the course of negotiations, subject only to such ultimate ratification. C. If the parties fail to reach an agreement in any such negotiations, either party may invoke the procedures established under Public Act 379 as amended. D. Members of the Association’s negotiating team and/or consultants thereto, who are employees of the Employer, shall be released from their normal duties without loss of salary when meetings of the two negotiating teams are scheduled during their normal working hours. E. The parties hereby agree that their Teams shall meet at least quarterly during the school year to attempt to resolve problems. The topics for these meetings shall be established by the group at the previous quarter’s meeting whenever possible. Topics will remain on the agendas until resolved or until deleted by mutual agreement. F. Prior to the establishment of any new position in the bargaining unit, the Employer shall notify the Association of such a contemplated action, and meet with the Association to negotiate workload for the position. This provision does not preclude the Employer’s ability to create and post positions. If the timing of the decision to establish the position precludes such a meeting, the Employer shall meet with the Association as soon as possible. The parties may agree that the position should be allowed to operate without a defined workload for some defined period of time to determine what a reasonable workload might be. G. By mutual consent of both parties any section of this agreement may be reopened.

  • Notification Procedures To address non-compliance, the receiving Competent Authority would notify the providing Competent Authority pursuant to Article 5 of the IGA. The notification procedures would differ depending upon whether the receiving Competent Authority seeks to address administrative or other minor errors or significant non-compliance.

  • Evaluation Procedures The following procedures for employee evaluation shall be utilized for the term of this Agreement: 1. Orientation materials related to evaluation procedures will be provided to all employees by the 10th school day. 2. Employees shall submit to their evaluator a complete listing of proposed objectives, and measurement activities related thereto, to be considered in the annual evaluation by the 25th school day. 3. The evaluator shall have completed by 30th school day annual objective setting conference with employee. 4. The evaluator shall by the 40th school day determine and shall provide the employee with a complete listing of actual objectives from those proposed by the evaluator and employee, and measurement activities from those proposed by the evaluator and employee, and measurement activities related thereto, that will be incorporated in the annual evaluation that the evaluator will prepare for the employee. The objectives and related measurement activities referred to herein shall be in accordance with the employee job description prescribed by the District. The District will make every attempt to have the number of objectives required to be uniform from site to site. 5. Within a reasonable time after the request, the evaluator shall be provided with a written progress report from the employee containing the latter's perception of the progress being made toward the achievement of the objectives prescribed in Item 3, above. During the course of the evaluation period, circumstances may change which may result in the modification of the original standards and objectives. These changes may be initiated by the supervisor or the employee. Agreement of both parties is required. 6. The evaluator, by the 145th school day, shall have conducted classroom observations in order to gather data on employee performance as the evaluator believes to be related to: A. The actual objectives and measurement activities described in Item 3, above; B. Other criteria for employee evaluation and appraisal that are established by the District Xxxxx Act Guidelines. At the discretion of the evaluator, tenured teachers may receive only one (1) formal instructional observation per year. Probationary teachers will receive two (2) formal instructional observations per year. Prior to conducting formal instructional observations regarding the teacher's duties related to the instructional objectives herein described, the teacher shall be notified of the observation prior to the beginning of the teacher's actual instructional day. Upon the request of the evaluatee or when, in the evaluator's judgment, additional instructional classroom observations are necessary, such observations may be conducted. Within a reasonable time, an employee shall be provided with a written statement regarding instructional observations that have been conducted. Such written statements shall contain a summary of the instructional activities observed, and any suggestions being made by the observer for possible improvement by the employee to include, but not be limited to, the following: 1) Specific directives for improvement 2) Assistance to implement such directives as (a) Provisions of additional resources; (b) Mandatory training programs designed to improve performance to be paid by the District. A final and written report of the achievement of objectives, and measurement information related thereto shall be submitted by the employee to the evaluator by the 140th school day. 7. The evaluator shall prepare a written District evaluation form of employee performance and transmit the evaluation to the employee. The employee may submit a written reaction or response to the evaluation and such response shall be attached to the evaluation and placed in the employee's permanent personnel file which shall be maintained in the District Office. Permanent employees shall be evaluated at least once every other year, and in no event later than 30 days before the last school day scheduled on the school calendar of the current school year. Probationary employees shall be evaluated at least once each year and in no event later than the 150th school day. 8. Employees who meet each of the following conditions shall be evaluated up to every five

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