Optional Cancellation. May permit an Eligible Employee who experiences a Disability as defined in subparagraph 3.5(b)
Optional Cancellation. May permit an Eligible Director who experiences a Disability as defined in subparagraph 3.5(b)
Optional Cancellation. May permit an Eligible Employee who experiences a Disability as defined in paragraph 2.5 to cancel is Deferred Compensation Election. If the Option is not selected, no cancellation will be required or permitted upon the occurrence of a Disability.
Optional Cancellation. The Borrower may cancel, in full or in part, the unused amount of the Revolving Credit Facility at any time, giving the Bank not less than 5 (five) Business Days’ notice.
Optional Cancellation. The Obligor may cancel the Letter of Credit, by written notice to the Bank, countersigned by an Authorized Officer of the Beneficiary and shall concurrently with such cancellation, pay the Bank any cancellation fee due in respect of such cancellation in accordance with the Fee Letter, provided that the original of such Letter of Credit must accompany such written notice, and provided further that the Obligor may not deliver such a notice for effect as of any date prior to the third anniversary of the Closing Date other than with the written consent of the Bank, which consent may be granted or withheld by the Bank in its sole discretion.
Optional Cancellation. May permit an Eligible Director who experiences a Disability as defined in paragraph 2.5 to cancel is Deferred Compensation Election. If the Option is not selected, no cancellation will be required or permitted upon the occurrence of a Disability. x (f) Rules Relating to Final Check of Year If this Option is elected, Compensation payable after the last day of the calendar year solely for services performed during the final payroll period which contains the last day of the year will be treated as Compensation for services performed in the taxable year in which the payroll period began. Otherwise, Compensation payable after the last day of the calendar year solely for services performed during the final payroll period which contains the last day of the year will be treated as Compensation for services performed in the subsequent taxable year in which the payment is made. Any amendment to this provision relating to the final check of the Participant’s taxable year may not be effective for 12 months from the date the amendment is adopted and executed.
Optional Cancellation. The Borrowers may terminate (i) Facility C only, (ii) Facility D only, (iii) Facility C and Facility D only or (iv) all of the Credit Facilities, each in whole (but not in part) at any time upon at least sixty (60) days prior written notice to the Agent and upon (a) the payment in full of all outstanding Obligations under the relevant Credit Facility, together with all accrued and unpaid interest thereon, (b) the payment of any accrued and unpaid standby fees and other fees due under the Documents in respect of the relevant Credit Facility (including any prepayment fee required pursuant to the terms of this Section) to the date of termination, and (c) the expiration or termination of all B/As, Letters of Credit, Letters of Guarantee and Hedge Contracts (including all FEFCs, FX Collar Options and interest rate hedging instruments) under the relevant Credit Facility and, to the extent any such B/A, Letter of Credit, Letter of Guarantee or Hedge Contract has not expired in accordance with its terms or otherwise been terminated to the satisfaction of the Agent, accompanied by collateral security in form and in such amounts as shall be satisfactory to the Agent. At the effective date of any termination of any one or more of Facility A, Facility B, Facility C and Facility D, as applicable, by the Borrowers which occurs prior to the Maturity Date, or upon the Obligations or any of them being declared due and payable pursuant to Section 10.2, the Borrowers shall pay a prepayment fee to the Agent, for and on behalf of the Lenders under Facility A, Facility B, Facility C and Facility D, as applicable, according to their Rateable Portion, as liquidated damages for the loss of bargain and not as a penalty, in an amount equal to one percent (1.00%) of the aggregate Total Commitment in respect of, as applicable, Facility A, Facility B, Facility C and Facility D if such termination or declaration occurs during the second 12-month period after the Original Closing Date (namely, the period commencing October 31, 2010 and ending October 30, 2011), and one-half of one percent (0.50%) of the aggregate Total Commitment in respect of, as applicable, Facility A, Facility B, Facility C and Facility D if such termination or declaration occurs thereafter. Notwithstanding the foregoing, the prepayment fee provided in this Section 5.5 shall not be payable if termination results directly from the conversion of Facility A, Facility B, Facility C and Facility D to another type of loan o...
Optional Cancellation. Either SBA or the Surety may cancel a bonding line at any time, with or without cause, upon written notice to the other party. Upon the receipt of any adverse information concerning the Principal, the Surety must promptly notify SBA, and SBA may cancel the bonding line.
Optional Cancellation. May permit an Eligible Employee who experiences a Disability as defined in paragraph 2.5 to cancel is Deferred Compensation Election. If the Option is not selected, no cancellation will be required or permitted upon the occurrence of a Disability.
(g) Rules Relating to “Specified Employee” Delay Subparagraph 7.7(c) For purposes of applying the 6 month delay required by Section 409A of the Code in the case of a Participant who is a “ specified employee” (i.e., a “key employee” of any corporation the stock of which is publicly traded on any established securities market or otherwise as provided in Section 409A(2)B)(i) of the Code):
Optional Cancellation. 5.3.1 An insured event under optional cancellation is the cancellation of the trip by the insured for any reason, either before or during the trip.
5.3.2 In the event of an optional cancellation, 70% of the expense of the trip which the insured did not use and which the service provider was not able to refund will be compensated. Expenses incurred after the cancellation of the trip (i.e. tickets for a return journey) shall not be covered.
5.3.3 Optional cancellation insurance shall be in effect if the contract is made within two weeks of booking the travel or otherwise chartering the trip.
