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Grant of Extension Sample Clauses

Grant of Extension. In consideration of the grant of the extension of the Minimum Royalty Commencement Date, Balsam agrees to: (a) issue 500,000 shares of its common stock (the “Balsam Shares”) to NorPac; and (b) pay US$20,000 to NorPac on or before January 31, 2006.
Grant of Extension. On Air may at its discretion grant an extension to the Delivery Date and thereby an extension of the NZ On Air Development Funding on such terms as it thinks appropriate. Any such extension shall be effective only by the written consent of NZ On Air.
Grant of Extension. A. The Town, pursuant to the terms of this Amendment, hereby reactivates said 25 Owner ERCs and grants to the Owner an extension of the term of the 25 Owner ERCs of equivalent capacity in the Town’s Wastewater Treatment Plant represented by Wastewater ERC Certificates (Original ERC Certificates 1686 through 1759) through a period expiring November 24, 2024 (the “Expiration Date”). B. In consideration for such extension, within thirty (30) calendar days from the date on which this Amendment is approved by the Town Commission, the Owner shall pay One Thousand Four Hundred Sixty-Two Dollars and 50 cents ($1,462.50) in immediately available funds to the Town in full satisfaction of the wastewater idle capacity charges outstanding as of the date of this Amendment and due through November 24, 2023 and pay any and all other charges that may be due pursuant to Chapter 54 of the Town’s Code of Ordinances. To the extent the Town determines that any other idle capacity charges are due in accordance with Chapter 54 of the Town’s Code of Ordinances regarding the Wastewater Owner ERCs that are the subject of this Agreement, then Owner agrees to pay said charges to the Town within thirty (30) calendar days of receipt of an invoice sent to Owner for same. No refunds of any idle capacity charges paid by Owner shall be given by the Town. C. Once the Owner has paid the sum of One Thousand Four Hundred Sixty- Two Dollars and 50 cents ($1,462.50) in immediately available funds to the Town, all previously issued certificates representing the Wastewater Owner ERCs extended herein and that are the subject of this Amendment shall be returned to the Town and cancelled and of no force and effect. Thereafter, in exchange for the returned certificates, the Town will issue new certificates for Wastewater Owner ERCs extended herein and that are the subject matter of this Amendment and provide same to the Owner. Provided however that the terms of the Agreement attached hereto as Exhibit “A” shall not control when new certificates are issued by the Town to Owner. No Wastewater capacity in the Town’s Wastewater Utility Systems shall be reserved beyond November 24, 2024, and the Owner ERCs extended herein shall expire on November 24, 2024.
Grant of Extension. In reliance on the representations, warranties, covenants and agreements contained in this Letter Agreement, the receipt and sufficiency of which are hereby acknowledged and confessed, and notwithstanding anything to the contrary in Section 2.06(b) of the Credit Agreement and subject to the satisfaction of the condition precedent in Section 7 hereof, the Administrative Agent and each of the undersigned Lenders hereby agree to grant the Specified Scheduled Redetermination Extension. The extension granted herein shall apply only with respect to the Spring 2021 Redetermination and not to any future Scheduled Redeterminations.
Grant of ExtensionSubject to and upon the terms and conditions set forth herein, the Administrative Agent and each of the undersigned Lenders hereby agrees to extend the time period set forth in Section 8.19 of the Credit Agreement for achievement of the average daily processing volumes required pursuant to clause (b) of Section 8.19 of the Credit Agreement from December 31, 2012 to January 31, 2013 (the “Extension”).
Grant of Extension a. RCTW, in exchange for the Company’s performance of its obligations under Section 1 of this Agreement, will demand that the Company pay cash in lieu of the Earn Out Stock Component only if: i. The Company breaches an obligation under Section 1 of this Agreement and fails to cure the breach within three (3) Business Days of RCTW’s notice; or ii. The Company for any reason fails by June 1, 2016, to issue to the number of Shares contemplated by Section 1.d, above. b. The Company, within three (3) Business Days of receiving RCTWs notice properly demanding cash payment under this Section 2.a, will pay RCTW $4,000,000 in immediately available cash funds in lieu of the Earn Out Stock Component. c. For the avoidance of doubt, if RCTW, before delivering the notice contemplated by Section 2.b, receives all of the Shares contemplated by Section 1.d, above, RCTW will be deemed to have waived permanently its rights to receive cash in lieu of the Earn Out Stock Component.

Related to Grant of Extension

  • Grant of Right In addition to the demand right of registration described in Section 5.1 hereof, the Holder shall have the right, for a period of no more than two (2) years from the Initial Exercise Date in accordance with FINRA Rule 5110(g)(8)(D), to include the Registrable Securities as part of any other registration of securities filed by the Company (other than in connection with a transaction contemplated by Rule 145(a) promulgated under the Securities Act or pursuant to Form S-8 or any equivalent form); provided, however, that if, solely in connection with any primary underwritten public offering for the account of the Company, the managing underwriter(s) thereof shall, in its reasonable discretion, impose a limitation on the number of Shares which may be included in the Registration Statement because, in such underwriter(s)’ judgment, marketing or other factors dictate such limitation is necessary to facilitate public distribution, then the Company shall be obligated to include in such Registration Statement only such limited portion of the Registrable Securities with respect to which the Holder requested inclusion hereunder as the underwriter shall reasonably permit. Any exclusion of Registrable Securities shall be made pro rata among the Holders seeking to include Registrable Securities in proportion to the number of Registrable Securities sought to be included by such Holders; provided, however, that the Company shall not exclude any Registrable Securities unless the Company has first excluded all outstanding securities, the holders of which are not entitled to inclusion of such securities in such Registration Statement or are not entitled to pro rata inclusion with the Registrable Securities.

  • Grant of Rights The Company hereby grants registration rights to the Designated Holders upon the terms and conditions set forth in this Agreement.

  • Grant of License During the term of this Contract: a. Sourcewell grants to Supplier a royalty-free, worldwide, non-exclusive right and license to use the trademark(s) provided to Supplier by Sourcewell in advertising and promotional materials for the purpose of marketing Sourcewell’s relationship with Supplier. b. Supplier grants to Sourcewell a royalty-free, worldwide, non-exclusive right and license to use Supplier’s trademarks in advertising and promotional materials for the purpose of marketing Supplier’s relationship with Sourcewell.