Purpose and Availability. The purpose of the Formative Track shall be to promote professional growth for employees in order to improve instruction. The Formative Track shall be available and shall be voluntary to employees who have successfully completed four (4) satisfactory Summative Tracks. The Formative Track is aimed at encouraging professional growth through goal setting and involves the employee and evaluator in cooperative discussions and planning. It is also aimed at encouraging collegial interaction for the accomplishment of goals.
8.9.1.1 Re-entry employees with four (4) years previous successful evaluations may, after successfully completing the Summative Track requirements, select the Formative Track with mutual agreement between the employee and the evaluator.
8.9.1.2 Employees remain in the Formative Track for a maximum of three (3) years before returning to evaluation under the Summative Track. Employees may voluntarily select to return to the Summative Track after any year in the Formative Track by indicating such choice in writing on the Formative Track annual evaluation form. Likewise, the evaluator may assign the employee back to the Summative Track. If the employee disagrees with the assignment, the employee shall request a summative review as described in Section 8.
Purpose and Availability. The proceeds of the Term Loans will be used for working capital, general corporate purposes and other transactions not prohibited by the Definitive Financing Documentation. The Exit Facility will be available to be drawn after the Closing Date through 18 months following the Closing Date, in a minimum principal amount per drawing of the lesser of (x) $25,000,000 or (y) the remaining unfunded amount of Term Loans. Amounts repaid or prepaid under the Exit Facility may not be reborrowed; provided that the repayment of a Term Loan shall not terminate the commitments in respect of the undrawn Term Loans.
Purpose and Availability. (i) The Company shall apply each Facility A Loan made to it towards:-
(A) financing or refinancing the cost of the Acquisition and the fees, costs and expenses associated with the Acquisition, including under the procedures in Sections 428-430 of the Companies Xxx 0000; (B) financing or refinancing the consideration payable to Share Option Holders and Loan Note Holders in connection with the Acquisition; or (C) its working capital or general corporate purposes.
(ii) The Guarantee is to be issued for the purpose of guaranteeing the obligations of the Company under the Loan Notes.
(iii) Facility A Loans may be borrowed and the Guarantee may be issued, subject to the terms of this Agreement, at any time after the Unconditional Acceptances Date and prior to the Facility A Final Repayment Date.
(i) The Company shall apply each Facility B Loan made to it towards:-
(A) financing or refinancing the cost of the Acquisition and the fees, costs and expenses associated with the Acquisition, including under the procedures in Sections 428-430 of the Companies Xxx 0000; (B) financing or refinancing the consideration payable to Share Option Holders and Loan Note Holders in connection with the Acquisition; or (C) financing the purchase of Shares in the market up to a maximum aggregate shareholding of 29.9 per cent. of the Shares.
(ii) Facility B Loans may be borrowed, subject to the terms of this Agreement, at any time on or before the Facility B Term Date.
(i) Upon its becoming a Borrower, the Target shall apply each Facility C Loan made to it towards:-
(A) refinancing any facilities of the Target (excluding the refinancing of any Bond Issues) outstanding at the date on which the Target becomes a Subsidiary of the Company; or (B) its working capital and general corporate purposes.
(ii) Facility C Loans may be borrowed by the Target, subject to the terms of this Agreement, at any time after the Target becomes a Borrower and prior to the Facility C Final Repayment Date.
(d) Without affecting the obligations of any Borrower in any way, no Finance Party is bound to monitor or verify the application of any Utilisation.
Purpose and Availability. 18 4. Conditions precedent................................................................................19 5. Loans...............................................................................................20 6. Repayment...........................................................................................21 7.
Purpose and Availability. The Consultant has notified the Company that as of the Effective Date and thereafter, the Consultant is available to serve the Company as a consultant and advisor on an as needed basis to assist the Company in developing and executing business development activities and strategies, including potential expansion of business opportunities for the Bank and the Company.
Purpose and Availability. Up to the full amount of the Acquisition Term Loan Facility shall be drawn in a single drawing on the date on which the Colomer Acquisition is consummated (the “Closing Date”) and applied to (a) consummate the Colomer Acquisition, pay related transaction costs and expenses and repay or acquire certain Indebtedness of the Acquired Business, (b) pay transaction costs, fees and expenses incurred in connection with the Acquisition Term Loans and (c) with regard to any remaining amount, for general corporate purposes. Amounts borrowed under the Acquisition Term Loan Facility that are repaid or prepaid may not be reborrowed.
Purpose and Availability. 17 4. REPAYMENT...............................................................................................17
Purpose and Availability. (a) The Company applied the Loan in accordance with the Original Agreement.
(b) Without affecting the obligations of the Company in any way, the Lender is not bound to verify the application of the Loan.
Purpose and Availability. (a) The Company shall apply each Loan made to it towards:-
(i) refinancing any outstanding Borrowings by the Company, including any loan outstanding under the Original Facility Agreement; and/or
(ii) refinancing the outstanding Loan Notes; and/or
(iii) making Inter-Company Loans up to a maximum aggregate amount of L.240,000,000; and/or
(iv) fees and expenses in connection with the Finance Documents.
Purpose and Availability. The purpose of the Formative Track shall be to promote professional growth for employees in order to improve instruction. The Formative Track shall be available and shall be voluntary to employees who have successfully completed four (4) satisfactory Summative Tracks. The Formative Track is aimed at encouraging professional growth through goal setting and involves the employee and evaluator in cooperative discussions and planning. It is also aimed at encouraging collegial interaction for the accomplishment of goals.
8.9.1.1 Re-entry employees with four (4) years previous successful evaluations may, after successfully completing the Summative Track requirements,
8.9.1.2 Employees remain in the Formative Track for a maximum of three (3) years before returning to evaluation under the Summative Track. Employees may voluntarily select to return to the Summative Track after any year in the Formative Track by indicating such choice in writing on the Formative Track annual evaluation form. Likewise, the evaluator may assign the employee back to the Summative Track. If the employee disagrees with the assignment, the employee shall request an Alternative Review as described in Section 8.
