Other Extraordinary Events Sample Clauses
The "Other Extraordinary Events" clause defines how parties should respond to unforeseen or exceptional circumstances that are not otherwise addressed in the agreement. Typically, this clause outlines procedures for notification, possible suspension of obligations, or renegotiation if events such as natural disasters, government actions, or other significant disruptions occur. Its core function is to provide a framework for managing unexpected situations, thereby reducing uncertainty and helping both parties understand their rights and responsibilities when extraordinary events impact contract performance.
Other Extraordinary Events. Notwithstanding the foregoing, the Committee may, in its sole discretion, include or exclude from the determination of the relevant performance metrics the results of certain items not otherwise contemplated by this Section 2 if the Committee determines that the inclusion or exclusion of such extraordinary items will not impact the Company’s ability to deduct all or any portion of the bonus payable to Executive under this Agreement under Section 162(m) of the Code.
Other Extraordinary Events. Borrower will not take any of the following actions without Lender’s prior written consent: (a) purchase or otherwise acquire or become obligated for the purchase of all or a substantial part of the assets of any Person, where the purchase, acquisition, or obligation would have a material adverse effect on Borrower’s financial condition; (b) materially change Borrower’s general business purpose or take any action with a view towards the same including entering into new lines of business in connection with or in any way related to the Collateral; (c) change Borrower’s name; or (d) convert to any other form of entity; (i) make any material change to Borrower’s Constituent Documents; (ii) dissolve or otherwise terminate its entity status; or (iii) enter into any merger, reorganization or consolidation.
Other Extraordinary Events. Take any of the following actions: (a) Purchase or otherwise acquire or become obligated for the purchase of all or a substantial part of the assets of any Person, not to exceed 15% of the total assets of Borrower, except for property acquired as a result of a loan workout or liquidation or except as expressly contemplated herein, where the purchase, acquisition, or obligation would have a Material Adverse Effect on Borrower's financial condition or financial condition of any Subsidiary; or;