Ministerial Action Sample Clauses

Ministerial Action. An approval or disapproval that merely requires a determination whether there has been compliance with applicable statutes, ordinances, resolutions, regulations or conditions of approval including, without limitation, the Development Plan, Project Entitlements, Special Conditions, and Mitigation Measures.
Sample 1
Ministerial Action. In the case of a Company Event, the Company may also elect to cause the Convertible Debentures and, hence, the Partnership Preferred Securities to remain outstanding. If, at any time, a Trust Event shall occur and be continuing the Company shall (i) after receipt by the Company of a No Recognition Opinion with respect to the Partnership Preferred Securities and delivery of such No Recognition Opinion to the Trust, dissolve the Trust and, after satisfaction of creditors, cause the Partnership Preferred Securities held by the Property Trustee, having an aggregate stated liquidation preference equal to the aggregate stated liquidation amount of, with a distribution rate identical to the distribution rate of, and accrued and unpaid distributions equal to accrued and unpaid distributions on and having the same record date for payment as the Trust Securities, to be distributed to the holders of the Trust Securities, in liquidation of such holders' interests in the Trust, in the manner set forth in the Declaration, or (ii) after receipt by the Company of No Recognition Opinions with respect to the Partnership Preferred Securities and the Convertible Debentures and delivery of the appropriate No Recognition Opinion to each of the Trust and Citizens Capital, and following the dissolution of Citizens Capital in the manner set forth in this Agreement, dissolve the Trust, and, after satisfaction of creditors, cause the Convertible Debentures held by the General Partner, having aggregate stated principal amount equal to the aggregate stated liquidation amount of, with an interest payment rate identical to the distribution rate of and accrued and unpaid interest equal to accrued and unpaid distributions on and having the same record date for payment as the Trust Securities, to be distributed to the holders of the Trust Securities, in liquidation of such holders' interests in the Trust, in the manner set forth in the Declaration, or, in the event the Company cannot receive a No Recognition Opinion with respect to the Partnership Preferred Securities, the Company may dissolve the Trust and, after satisfaction of creditors, at the direction of the Company, as Debenture Issuer, and following the redemption, in whole or in part, of the Convertible Debentures in the manner set forth in the Indenture and the Partnership Preferred Securities in the manner set forth in this Agreement, redeem, in whole or in part, the Trust Securities in the manner set forth in the Declaration; p...
Sample 1Sample 2
Ministerial Action. 3.02 "Non-Book-Entry Preferred Securities"...................................................... 2.04 "No Recognition Opinion"......................................... 3.02 "Optional Redemption Date"....................................... 3.01 "Special Redemption Date"........................................ 3.02
Sample 1
Ministerial Action. 3.05 "Non-book-Entry Preferred "Securities" ............................... 2.12 "Non-Equity Security" ...................... 10.04 "Note Call Price" .......................... 3.01 "Note Redemption Notice" ................... 3.04 "Note Redemption Price" .................... 3.03 "Notice of Default" ........................ 6.01 "Optional Redemption Date" ................. 3.01 "Paying Agent" ............................. 2.03 "Purchase Sale Price" ...................... 10.04 "Quoted Price" ............................. 10.08 "Redemption Date" .......................... 3.03 "Registrar" ................................ 2.03 "Representative" ........................... 11.02 "Senior Indebtedness" ...................... 11.02 "Special Redemption Date" .................. 3.03 "Special Redemption Price" ................. 3.03
Sample 1
Ministerial Action. At the time of any such Special Event, the ------------------- Company, Citizens Capital and the Trust each have a Ministerial Action Obligation.
Sample 1
Ministerial Action. If at the time of any such Special Event, the ------------------- Company, Citizens Capital or the Trust are actually aware of an opportunity to eliminate the adverse effect of the Special Event on the Trust, the Company or Citizens Capital by taking some ministerial action (such as filing a form or making an election or pursuing some other similar reasonable measure) where the taking of such action does not involve a material cost, then the Company shall not, on or before ___________, 199_, redeem any Debentures at any time such opportunity exists, without first having pursued such ministerial action.
Sample 1
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Related to Ministerial Action

  • Governmental Action Governmental Action means the destruction, confiscation or seizure of property described in Coverage A, B or C by order of any governmental or public authority. This exclusion does not apply to such acts ordered by any governmental or public authority that are taken at the time of a fire to prevent its spread, if the loss caused by fire would be covered under this policy.

  • Governmental Actions No Governmental Action is or will be required in connection with the execution, delivery or performance by it, or the consummation by it of the transactions contemplated by this Agreement or any other Loan Document to which it is, or is to become, a party other than such Borrower’s Approval, as applicable, which has been duly issued and is in full force and effect.

  • Remedial Actions In the event of Recipient’s noncompliance with section 603 of the Act, other applicable laws, Treasury’s implementing regulations, guidance, or any reporting or other program requirements, Treasury may impose additional conditions on the receipt of a subsequent tranche of future award funds, if any, or take other available remedies as set forth in 2 C.F.R. § 200.339. In the case of a violation of section 603(c) of the Act regarding the use of funds, previous payments shall be subject to recoupment as provided in section 603(e) of the Act. Hatch Act. Recipient agrees to comply, as applicable, with requirements of the Hatch Act (5 U.S.C. §§ 1501-1508 and 7324-7328), which limit certain political activities of State or local government employees whose principal employment is in connection with an activity financed in whole or in part by this federal assistance. False Statements. Recipient understands that making false statements or claims in connection with this award is a violation of federal law and may result in criminal, civil, or administrative sanctions, including fines, imprisonment, civil damages and penalties, debarment from participating in federal awards or contracts, and/or any other remedy available by law.

  • Remedial Action A. If a represented individual has worked more than one thousand fifty (1,050) hours in the twelve (12) month period from the individual’s original date of hire, the represented individual may request remedial action from the State Human Resources Director in accordance with WAC 357-49. Following the Director’s review of the remedial action request, an individual may file exceptions to the Director’s decision in accordance with WAC 357.

  • Non-Ministerial Matters (i) With respect to matters that in the reasonable judgment of the Administrator are non-ministerial, the Administrator shall not take any action unless within a reasonable time before the taking of such action, the Administrator shall have notified the Owner Trustee of the proposed action and the Owner Trustee shall not have withheld consent or provided an alternative direction. For the purpose of the preceding sentence, "non-ministerial matters" shall include, without limitation:

  • Adverse Action The Indenture Trustee need not take an action that it determines might have a material adverse effect on the rights of the Noteholders not consenting to the action.

  • Governmental and Third Party Approvals The Credit Parties shall have received all material governmental, shareholder and third party consents and approvals necessary (or any other material consents as determined in the reasonable discretion of the Administrative Agent) in connection with the transactions contemplated by this Agreement and the other Loan Documents and the other transactions contemplated hereby and all applicable waiting periods shall have expired without any action being taken by any Person that could reasonably be expected to restrain, prevent or impose any material adverse conditions on any of the Credit Parties or such other transactions or that could seek or threaten any of the foregoing, and no law or regulation shall be applicable which in the reasonable judgment of the Administrative Agent could reasonably be expected to have such effect.

  • No Governmental Action There shall not have been any action taken, or any law, rule, regulation, order, or decree proposed, promulgated, enacted, entered, enforced, or deemed applicable to the transactions contemplated by this Agreement by any federal, state, local, or other governmental authority or by any court or other tribunal, including the entry of a preliminary or permanent injunction, which, in the reasonable judgment of the Company:

  • Additional Action 10.1 Each Party to this Agreement shall execute and deliver such other documents and do such other acts and things as may be reasonably necessary or desirable to give effect to the provisions of this Agreement.

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