Lack of Eligibility Sample Clauses

Lack of Eligibility. If the Resident does not meet the eligibility criteria set forth in Section “A” above, either at the time of the execution of this Contract, or at any time thereafter during the Term, the University shall have the right, upon written notice to the Resident, to terminate this Contract and revoke the privilege of the Resident to occupy the Premises or any other University Housing Facility.
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Lack of Eligibility. In the event any Purchased Lease Receivable shall not have been an Eligible Lease Receivable on the Purchase Date thereof or the Seller shall have breached any representation or warranty made in paragraph 6 with respect to such Lease Receivable, including without limitation, any of the representations and warranties contained in paragraph 6(g) and 6(h) any such Purchased Lease Receivable being referred to as an "Ineligible Purchased Lease Receivable"), then the Seller shall, if it has been unable to cure such ineligibility or breach of representation or warranty, and, where applicable, the results thereof, within thirty (30) days following written notice thereof to the Seller by the Agent, the Seller shall immediately after the expiration of such thirty (30) day period, repurchase such Ineligible Purchased Lease Receivable by paying to the Purchaser, with respect to the Ineligible Purchased Lease Receivable, cash in an amount equal to the Repurchase Price of such Ineligible Purchased Lease Receivable. The proceeds of any such repurchase shall be deemed to be Collections of such Purchased Lease Receivable received by the Purchaser.
Sample 1

Related to Lack of Eligibility

  • S-3 Eligibility (i) At the time of filing the Registration Statement and (ii) at the time of the most recent amendment thereto for the purposes of complying with Section 10(a)(3) of the Securities Act (whether such amendment was by post-effective amendment, incorporated report filed pursuant to Section 13 or 15(d) of the Exchange Act or form of prospectus), the Company met the then applicable requirements for use of Form S-3 under the Securities Act, including compliance with General Instruction I.B.1 of Form S-3.

  • Bonus Eligibility The Executive shall be eligible to receive an annual bonus payment in addition to Base Salary and other compensation for each year of the Executive’s employment (the “Bonus”) as determined by the Board from time to time.

  • Distribution Eligibility Shares issued in a Fund after receipt of a completed purchase order shall be eligible to receive distributions of the Fund at the time specified in the prospectus pursuant to which the Shares are offered.

  • Loss of Eligibility If a Member no longer meets the eligibility requirements and is not enrolled for continuation coverage as described in Subsection G. below, coverage will terminate at the end of the month during which the loss of eligibility occurs, unless otherwise specified by the Group.

  • DTC Eligibility The Company, through the Transfer Agent, currently participates in the DTC Fast Automated Securities Transfer (FAST) Program and the Common Stock can be transferred electronically to third parties via the DTC Fast Automated Securities Transfer (FAST) Program.

  • Form S-3 Eligibility The Company is eligible to register the resale of the Securities for resale by the Purchaser on Form S-3 promulgated under the Securities Act.

  • Trustee; Eligibility (a) There shall at all times be a Trustee which shall:

  • DWAC ELIGIBLE The Common Stock must be DWAC Eligible and not subject to a “DTC chill.”

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