Restriction on Changes. The option to deduct, or to increase or decrease employee contributions can only be requested once per year.
Restriction on Changes. 13.1 Neither the lands on which the Project is located, nor any part of the building in which the Project is located shall be sold or transferred by the Proponent unless the purchaser or transferee has first entered into an agreement with the City assuming the covenants set forth herein, and the City Charge, which agreement shall be duly executed by the purchaser or the transferee and delivered to the City prior to sale or transfer.
13.2 Provided there is no event of default by the Proponent under this Agreement, that is continuing, it is understood and agreed that the City shall subordinate and postpone the City Charge to other charges and all prior and subsequent advances thereunder and enter into any standstill agreement(s) (pursuant to which it agrees, among other things, to take
13.3 no enforcement action under the City Charge, pending repayment of such prior charge) which may be requested by the Proponent or the holder of a charge on the Land, provided that, in the opinion of the City, sufficient equity remains in the Land to secure the City Charge. The City reserves the right to request, at the Proponent's expense, such appraisals, financial statements, mortgage statement or other information as it deems appropriate prior to executing the postponement. Upon the Proponent's request, the City shall provide a status certificate to the Proponent, confirming that there is no outstanding event of default and setting out the unforgiven balance of the City Funds. Each of the foregoing shall be delivered within fifteen (15) days of a written request being made by the Proponent.
13.4 Provided the Proponent is in good standing under this Agreement, it is understood and agreed that the City will consent to an assignment of this Agreement to secure a mortgage.
Restriction on Changes. For a period of 3 years following a Change in Control, (i) no Participant may be removed from participation in the Plan pursuant to the terms of Section 2.2, and (ii) the Plan may not be terminated or amended in any manner which would adversely affect in any way the amount of, or the entitlement to, retirement benefits hereunder or remove a Participant from participation hereunder. Notwithstanding any other provisions of the Plan, the foregoing provisions of this subsection may not be amended following a Change in Control without the written consent of a majority in both number and interest of the Participants who are actively employed by the Company or any Affiliate, both immediately prior to the Change in Control and at the date of such amendment. EXH 10.4 Table of Contents
Restriction on Changes. The option to deduct, or to increase or decrease employee contributions can only be requested once per year. In addition the employees as a group shall have the option to a self directed registered retirement pension plan into a direct pension with the IBEW local It is understood that the employer shall incur no liability or additional 213. costs / administration of this plan.
Restriction on Changes. The option to deduct, or to increase or decrease employee contributions can only be requested once per year. Pension Contributions Financial Institutions Pursuant to Article the will deposit all pension funds in the banking institution designated by the Union. All funds will be deposited within thirty days following the month in which the funds were earned.
Restriction on Changes. Without the consent of the Requisite Lenders, the Credit Parties shall not and shall not cause or permit their Subsidiaries to directly or indirectly: (a) amend, modify or waive any term or provision of its organizational documents, including its articles of incorporation, certificates of designations pertaining to preferred stock, by-laws, partnership agreement or operating agreement in any way or change its state of incorporation, in each case unless such amendment, modification or waiver is not adverse to the Lenders (determined by the Requisite Lenders in their sole discretion), (b) engage in any material line of business substantially different from those lines of business carried on by the Credit Parties and their Subsidiaries on the Petition Date, and (c) make any changes in its equity capital structure (including, without limitation, in the terms of its outstanding capital stock) or ownership structure (except with respect to the ownership of Parent), in either case unless such change is not adverse to the Lenders (determined by the Requisite Lenders in their sole discretion).
