Freezing the operations in the Designated Sample Clauses

Freezing the operations in the Designated. Accounts or the Loan Accounts In the event that an Event of Default takes place, or an event occurs which may be an Event of Default after the expiration of a certain period or upon notification as provided for in Article 13 (Events of Default) and without prejudice to the ability of the Lenders to exercise their rights under said Article 13, the Lenders’ Agent may, upon notification provided to EDL Hotels and to the Borrowers, with a copy to the Security Agent and to each Depositary, prohibit any debit of the Loan Accounts and any transfer between the Loan Accounts and the Designated Accounts (with the exception of a debit of a Loan Account in order to credit a cash Designated Account), as well as any transfer between Designated Accounts. However, this prohibition may not be held (i) if the aforementioned Event of Default or event is cured, or (ii) if the Majority Lenders have waived their right to claim this Event of Default or event or (iii) subject to the cases provided for in Article 13.2(B), if the Banks have not taken any similar measure under the Credit Agreement and under the conditions provided for therein.
Sample 1
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Freezing the operations in the Designated. Accounts or the Loan Accounts In the event that an Event of Default takes place, or an event occurs which may be an Event of Default after the expiration of a certain period or upon notification as provided for in Article 13 (Events of Default) (except if it has been cured or if a Special Majority of the Banks have waived reliance thereon) and without prejudice to the ability of the Banks to exercise their rights under said Article 13, the Financial Agent may, upon notification provided to EDL Hotels and to the SNC Borrowers, with a copy to the Security Agent and to each Depositary, prohibit any debit of the Loan Accounts and any transfer between the Loan Accounts and the Designated Accounts (with the exception of a debit of a Loan Account in order to credit a cash Designated Account), as well as any transfer between Designated Accounts. For the purposes of this paragraph, a Special Majority of the Banks will mean Banks whose participations in the Loans represent, in aggregate, (i) at least 50% of the aggregate amount of the Loans and (ii) at least 60% of the participations in the Loans of all of the Banks which have voted either for or against the waiver in question.
Sample 1

Related to Freezing the operations in the Designated

  • TRANSACTIONS IN THE FUNDS Subject to the terms and conditions of this Agreement, Distributor will cause the Issuer to make shares of the Funds available to be purchased, exchanged, or redeemed, by or on behalf of the Accounts (defined in SECTION 7(a) below) through a single account per Fund at the net asset value applicable to each order. The Funds' shares shall be purchased and redeemed on a net basis in such quantity and at such time as determined by the Company to satisfy the requirements of the Contracts for which the Funds serve as underlying investment media. Dividends and capital gains distributions will be automatically reinvested in full and fractional shares of the Funds.

  • Conditions to the Distribution (a) The consummation of the Distribution will be subject to the satisfaction, or waiver by Parent in its sole and absolute discretion, of the following conditions:

  • Transactions in Progress Upon Termination The Adviser and SubAdviser will cooperate with each other to ensure that portfolio securities or other transactions in progress at the date of termination of this Agreement shall be completed by the SubAdviser in accordance with the terms of such transactions, and to this end the SubAdviser shall provide the Adviser with all necessary information and documentation to secure the implementation thereof.

  • Limitation on Effecting Transactions Resulting in Certain Adjustments The Company will not engage in or be a party to any transaction or event that would require the Conversion Rate to be adjusted pursuant to Section 5.05(A) or Section 5.07 to an amount that would result in the Conversion Price per share of Common Stock being less than the par value per share of Common Stock.

  • Actions in Connection with the Distribution (a) Each of Healthcare and Electronics shall file such amendments and supplements to their respective Form 10s as Tyco may reasonably request, and such amendments as may be necessary in order to cause the same to become and remain effective as required by Law, including filing such amendments and supplements to their respective Form 10s as may be required by the Commission or federal, state or foreign securities Laws. Each of Healthcare and Electronics shall mail to the holders of Tyco Common Stock, at such time on or prior to the applicable Distribution Date as Tyco shall determine, the Information Statement included in its Form 10, as well as any other information concerning Healthcare or Electronics, as applicable, their business, operations and management, the Plan of Separation and such other matters as Tyco shall reasonably determine are necessary and as may be required by Law.

  • Distributions in General Except as otherwise provided in Article 7 hereof and subject to Sections 17-607 and 17-804 of the Act, for any fiscal year all Cash Available for Distribution, net proceeds from any Terminating Capital Transaction and Financing Proceeds shall be distributed to the Partners at least quarterly.

  • Limitation of Engagement to the Company The Company acknowledges that Xxxxxxxxxx has been retained only by the Company, that Xxxxxxxxxx is providing services hereunder as an independent contractor (and not in any fiduciary or agency capacity) and that the Company’s engagement of Xxxxxxxxxx is not deemed to be on behalf of, and is not intended to confer rights upon, any shareholder, owner or partner of the Company or any other person not a party hereto as against Xxxxxxxxxx or any of its affiliates, or any of its or their respective officers, directors, controlling persons (within the meaning of Section 15 of the Securities Act or Section 20 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), employees or agents. Unless otherwise expressly agreed in writing by Xxxxxxxxxx, no one other than the Company is authorized to rely upon this Agreement or any other statements or conduct of Xxxxxxxxxx, and no one other than the Company is intended to be a beneficiary of this Agreement. The Company acknowledges that any recommendation or advice, written or oral, given by Xxxxxxxxxx to the Company in connection with Xxxxxxxxxx’x engagement is intended solely for the benefit and use of the Company’s management and directors in considering a possible Offering, and any such recommendation or advice is not on behalf of, and shall not confer any rights or remedies upon, any other person or be used or relied upon for any other purpose. Xxxxxxxxxx shall not have the authority to make any commitment binding on the Company. The Company, in its sole discretion, shall have the right to reject any investor introduced to it by Xxxxxxxxxx.

  • ADJUSTMENTS TO THE RIGHTS IN THE EVENT OF CERTAIN TRANSACTIONS 3.1 Flip-in Event

  • Sole Purpose The Borrower has been formed solely for the purpose of engaging in transactions of the types contemplated by this Agreement, and has not engaged in any business activity other than the negotiation, execution and to the extent applicable, performance of this Agreement and the transactions contemplated by the Transaction Documents.

  • CONDITIONS TO THE DEALER MANAGER’S OBLIGATIONS The Dealer Manager’s obligations hereunder shall be subject to the following terms and conditions:

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