Immediately upon each Assignee's making its payment under the Assignment and Assumption, this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the Commitments arising therefrom. The Commitments allocated to each Assignee shall reduce such Commitments of the assigning Bank pro tanto.
Immediately upon. (i) the receipt by the Builder (or any of its subcontractors) of any Buyer’s Supplies; and
(ii) the delivery to, or fabrication by, the Builder (or any of its subcontractors) of all other Parts, the Builder shall xxxx (or cause its relevant subcontractors to xxxx) the same and the Ship (as it is from time to time built) with Hull number [*].
Immediately upon a determination that a Holder or beneficial owner will not be licensed, qualified or found suitable, the Holder or beneficial owner will have no further rights (1) to exercise any right conferred by the Notes, directly or indirectly, through any trustee, nominee or any other Person or entity, or (2) to receive any interest or other distribution or payment with respect to the Notes or any remuneration in any form from the Issuers for services rendered or otherwise, except the redemption price of the Notes.
Immediately upon the Landlord giving notice to the Tenant that the Landlord has insured the Premises against any of the Insured Risks, the Tenant shall not maintain or take oat any insurance of the Premises for such risks in its own name.
Immediately upon. (A) the filing by a third-party with the United States Securities and Exchange Commission of any proxy or tender offer material evidencing an intent to gain control of the Company; (B) the mailing of a proxy statement by the Company to shareholders requesting an affirmative vote regarding a Change in Control; or (C) the receipt of information by the Company that 40 percent or more of its outstanding common stock has been acquired by any person (as defined under the 1934 Act), the Company shall contribute to an irrevocable grantor trust (a "Rabbi Trust") an amount sufficient to enable all potential amounts due to Employee under this Section to be paid. The Company shall provide Employee with a certification of the payment to such trust of all such amounts. All such amounts which are due to Employee shall be paid using the assets of said trust except to the extent its terms preclude such payment, in which event payment shall be made by the Company from its own funds, or unless the Company elects to pay any or all such amounts from its own funds.
Immediately upon. TCI giving Employee written notice of the termination of Employee's employment without cause. Employee shall be entitled to the following benefits.
I. Employee continues to receive as severance pay Employee's then current monthly base salary for a period of twelve months from the actual date of termination.
II. Should Employee timely elect to exercise any rights to continue health insurance under COBRA, TCI shall pay the cost of the continuation coverage for a period of twelve months from the actual date of termination after which period the cost of any further continuation coverage shall be solely at Employee's expense.
III. TCI shall pay the cost of disability and life insurance coverage for a period of twelve months from the actual date of termination after which period the cost of any further coverage shall be solely at Employee's expense.
IV. Employee's unvested stock options shall vest in their entirety and Employee shall have ten years from date of issuance to exercise stock options.
Immediately upon binding the Coverholder shall issue evidence of insurance to the insured or the insured’s agent. Certificates and endorsements shall be issued as soon as practicable, but in any event, no later than 30 days after inception, or in accordance with local law;
Immediately upon signing Contract, review
Immediately upon occurrence or consummation of a Non-Company Controlled Fundamental Transaction (and it shall be a required condition to the occurrence or consummation of such Non-Company Controlled Fundamental Transaction that) the Company and the Successor Entity or Successor Entities shall deliver to the Holder confirmation that the Company and the Successor Entity or Successor Entities shall comply with the requirements set forth in this Warrant.
Immediately upon. (i) termination of the Optionee's employment for Cause by the Corporation or (ii) termination of the Optionee's consulting agreement for Cause by the Corporation.
