Favorable Treatment Sample Clauses

Favorable Treatment. The Borrower will not permit its Subsidiaries to give any guaranty or pledge of collateral (other than in connection with financing as permitted under Section 6.10(f) hereof) in respect of any other Indebtedness, unless such Subsidiary shall also give an equal and ratable guaranty and pledge of collateral of the loans and obligations hereunder (in substantially the form attached as Exhibit 6.20 or such other form as may be reasonably acceptable to the Administrative Agent and the Required Lenders) and become a Subsidiary Guarantor hereunder, without prejudice to any Event of Default that may arise under Section 6.07.
Sample 1Sample 2Sample 3See All (7)
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Favorable Treatment. 1. Each Party shall grant favorable treatment in its ports open to foreign commerce and navigation, to vessels of another Party. 2. The provisions of clause 1 of this Article shall apply to customs formalities, the levying of charges and port duties, freedom of access to the ports and the use of their capacities, as well as to all facilities afforded to navigation and commercial operations in respect of vessels, crew members, goods and passengers. 3. The provisions of clause 1 of this Article: a. Do not apply to the ports closed for foreign vessels; b. Do not apply to sea cabotage and other activities reserved for own citizens and organizations only; c. Do not oblige any Party to extend the exceptions to the rules on compulsory pilotage accorded to its own vessels to the vessels of another Party. 4. The provisions of this Article shall not apply to advantages granted by the Republic of Bulgaria and Romania in virtue of their membership in the European Union to the Member State of this Union or to any third country.
Sample 1Sample 2
Favorable Treatment. If, during the 60 days immediately following the date hereof, there is any change to any of the material terms of the Articles Supplementary relating to the Class O Preferred Stock or if any securities issued in exchange for the Class O Preferred Stock have material terms different from those contained in the Class O Preferred Stock on the date hereof, and such difference results in improved material terms for the holder of those securities (which may include, without limitation, a lower conversion, exchange, exercise or strike price per share, as the case may be, longer period of no-call protection, better financial or other covenants, greater dividend rate, greater liquidation preference, greater redemption payments, greater conversion rate, priority ranking or a greater change of control price), then the Company shall immediately notify the Investor in writing of such difference. The Investor shall have 10 business days following receipt of such notice to notify the Company that the Investor elects to (i) exchange all, but not a portion, of the Class X Preferred Shares owned by the Investor and its affiliates for, at the Investor's option, either (A) shares of Class O Preferred Stock or the securities issued in exchange for the shares of Class O Preferred Stock or (B) a new class of securities with terms equivalent to those of the Class X Preferred Shares and incorporating such improved terms, in either case with a value equal to the aggregate liquidation preference of the Class X Preferred Shares exchanged, plus accumulated and unpaid dividends thereon to the date of the exchange, and/or (ii) amend this Agreement so that the Investor's rights and obligations hereunder include such improved terms. Within 10 business days after receipt of notice from the Investor of such election, the Company shall effect such exchange and/or amendment. The Company hereby covenants to take all such actions as are reasonably necessary to effect such exchange and amendment in accordance herewith.
Sample 1
Favorable Treatment. The Borrower will not permit any of its Subsidiaries to issue, have outstanding, or give any guaranty or pledge of collateral (other than in connection with financing as permitted under Section 6.10(f) hereof) in respect of, any other Indebtedness, unless such Subsidiary shall also give an equal and ratable guaranty and pledge of collateral of the loans and obligations hereunder (in substantially the form attached as Exhibit 6.20 or such other form as may be reasonably acceptable to the Administrative Agent and the Required Lenders) and become a Subsidiary Guarantor hereunder, without prejudice to any Event of Default that may arise under Section 6.07; provided, however, that notwithstanding anything to the contrary herein, (x) this Section 6.20 shall not apply to HR until the second Business Day following the Closing Date and (y) Indebtedness of HR permitted by Section 6.10(j) that is outstanding in an aggregate amount not in excess of $250,000,000 shall not require HR to become a Subsidiary Guarantor hereunder. In addition, within two (2) Business Days following the Closing Date, the Parent and Borrower shall cause the HR Contribution to have been effectuated. If at any time the requirements set forth in the immediately preceding sentence of this Section 6.20 are not satisfied, HR shall be required to become a Guarantor by executing and delivering the HR Guaranty to the Administrative Agent; provided, that, upon the consummation of the HR Contribution, so long as no Event of Default has occurred and is continuing or would occur after giving effect thereto, the HR Guaranty shall be deemed automatically released (without any other action by the Administrative Agent or any other Person) unless HR is otherwise required to be a Subsidiary Guarantor pursuant to the first sentence of this paragraph. With respect to any such Subsidiary that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, the Borrower shall deliver to the Administrative Agent, and any Lender requesting the same, a Beneficial Ownership Certification with respect to such Subsidiary at least five (5) Business Days prior to the effective date of the Guaranty.
Sample 1
Favorable Treatment. 44 Section 5.27
Sample 1
Favorable Treatment. The Borrower will not permit its Subsidiaries to give a Guarantee or pledge of collateral (other than in connection with non-recourse financing as permitted under Section 5.10(d) hereof) in respect of any other Debt (other than the guaranty in respect of the $90 million 1995 private placement note issue and then only to the extent that the maturity date of the guaranteed indebtedness is not extended beyond the original maturity date and the payment terms thereof are not otherwise amended or modified) unless such Subsidiary shall also give an equal and ratable Guarantee and pledge of collateral of the loans and obligations hereunder (in substantially the form attached as Schedule 5.26 or such other form as may be reasonably acceptable to the Agent and the Majority Banks) and become a Subsidiary Guarantor hereunder, without prejudice to any Event of Default that may arise under Section 5.06.
Sample 1
Favorable Treatment. During the term of the Contract, in order to support Party B’s business operation, Party A shall give Party B relevant favorable treatment. Refer to the Appendix hereto for details on relevant fee rates and favorable treatment.
Sample 1
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Related to Favorable Treatment

  • Equitable Treatment ICANN shall not apply standards, policies, procedures or practices arbitrarily, unjustifiably, or inequitably and shall not single out Registry Operator for disparate treatment unless justified by substantial and reasonable cause.

  • Xxx Treatment We have not promised you any particular tax outcome from buying or holding the Note.

  • Sale Treatment The Company has determined that the disposition of the Mortgage Loans pursuant to this Agreement will be afforded sale treatment for accounting and tax purposes;

  • Medical Treatment Undersigned understands that the Released Parties do not have medical personnel available at the location of the activities. Undersigned hereby grants the Released Parties permission to administer first aid or to authorize emergency medical treatment, if necessary. Undersigned understands and agrees that any such action by the Released Parties shall be subject to the terms of this agreement and release, including any liability arising from the negligence of the Released Parties when administering first aid or authorizing others to do so. Undersigned understands and agrees that the Released Parties do not assume responsibility for any injury or damage which might arise out of or in connection with such authorized emergency medical treatment.

  • National Treatment and Most-favoured-nation Treatment (1) Each Contracting Party shall accord to investments of investors of the other Contracting Party, treatment which shall not be less favourable than that accorded either to investments of its own or investments of investors of any third State. (2) In addition, each Contracting Party shall accord to investors of the other Contracting Party, including in respect of returns on their investments, treatment which shall not be less favourable than that accorded to investors of any third State. (3) The provisions of paragraphs (1) and (2) above shall not be construed so as to oblige one Contracting Party to extend to the investors of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future free trade area, customs unions, monetary union or similar international agreement or other forms of regional cooperation to which one of the Contracting Parties is or may become a party, or (b) Any matter pertaining wholly or mainly to taxation.

  • Special Tax Treatment Capital gains treatment and 10-year forward income averaging authorized by IRC Sec. 402 do not apply to IRA distributions.

  • Federal Income Tax Treatment It is the intention of the Trust Depositor that the Trust be disregarded as a separate entity for federal income tax purposes pursuant to Treasury Regulations Section 301.7701-3(b)(1)(ii) as in effect for periods after January 1, 1997. The Equity Certificate constitutes the sole equity interest in the Trust and must at all times be held by either the Trust Depositor or its transferee as sole Owner. The Trust Depositor agrees not to take any action inconsistent with such intended federal income tax treatment. Because for federal income tax purposes the Trust will be disregarded as a separate entity, Trust items of income, gain, loss and deduction for any month as determined for federal income tax purposes shall be allocated entirely to the Owner; provided, that this sentence shall not limit or otherwise affect the provisions of the Transaction Documents pertaining to distributions of Trust Assets or proceeds thereof to Persons other than the Trust Depositor.

  • REIT Treatment The Company will use its reasonable efforts to enable the Company to continue to meet the requirements to qualify for taxation as a REIT under the Code for subsequent tax years that include any portion of the term of this Agreement except as otherwise determined by the Board of Directors of the Company to be in the best interests of stockholders.

  • Accounting Treatment For accounting purposes, the Merger is intended to be treated as a "purchase."

  • Income Tax Treatment Employee and the Company acknowledge that it is the intention of the Company to deduct all amounts paid under Section 2 hereof as ordinary and necessary business expenses for income tax purposes. Employee agrees and represents that he will treat all such amounts as required pursuant to all applicable tax laws and regulations, and should he fail to report such amounts as required, he will indemnify and hold the Company harmless from and against any and all taxes, penalties, interest, costs and expenses, including reasonable attorneys' and accounting fees and costs, which are incurred by Company directly or indirectly as a result thereof.

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