Section 2(a). As to those employees who as of the appropriate dates, hereinafter set forth, have completed the required semester hours of approved study beyond their sixth year there is to be payment of an increment, hereinafter referred to as the increment prescribed by Section 2, which increment is to be paid in accordance with the itemization listed below: 6th yr. + 15* $1,100.00 per year 6th yr. + 30 $1,300.00 per year Ph.D./Ed.D degree $1,800.00 per year
Section 2(a). For the purpose of attending regional meetings, conferences, and other professional educational activities, an administrative expense account of $7,000.00 for High Schools, Middle Schools, and Elementary Schools shall be allotted annually in the school budget and distributed by the Superintendent of Schools. School representatives at such Annual Meetings shall rotate amongst administrators from year to year in order to encourage participation and to provide District leadership opportunities to more administrators.
Section 2(a). All those who hold a permanent teaching certificate and who have completed less than fifteen (15) semester hours of approved study or those who have a Baccalaureate Degree shall be paid in accordance with the “Bachelors” Column of the appropriate schedule. ¶ 318. Section 2(b). All those who have completed at least fifteen (15) semester hours of approved study beyond the Baccalaureate Degree shall be paid in accordance with the “Bachelors + 15” Column of the appropriate schedule. ¶ 319. Section 2(c). All those who possess at least thirty (30) semester hours of approved study beyond the Baccalaureate Degree or who hold a Master’s Degree shall be paid in accordance with the “Masters” Column of the appropriate Schedule. ¶ 320. Section 2(d). All those who have completed at least fifteen (15) semester hours of approved study beyond a Master’s Degree or forty-five (45) semester hours beyond a Baccalaureate Degree shall be paid in accordance with the “Masters +15” Column of the appropriate schedule. ¶ 321. Section 2(e). All those who have at least thirty (30) semester hours of approved study beyond the Master’s Degree, sixty (60) hours of approved study beyond the Baccalaureate Degree, or who have a Sixth Year Certificate or two (2) Master’s Degrees shall be paid in accordance with the “6th Year” Column of the appropriate Schedule. ¶ 322. Section 2(f). All those who have completed at least fifteen (15) semester hours of approved study beyond the Sixth Year Certificate or beyond two (2) Master’s Degrees, or seventy-five (75) semester hours beyond the Baccalaureate Degree or forty-five (45) semester hours beyond the Master’s Degree, shall be paid in accordance with the “6th Year + 15” Column of the appropriate Schedule.
Section 2(a). Section 2(a) of the Agreement is hereby deleted in its entirety and the following language shall replace said Section 2(a) of the Agreement:
Section 2(a) Subject to the terms and conditions of this Agreement, the Company shall prepare and file, no later than September 29, 2006 (the “Scheduled Filing Deadline”), with the SEC a registration statement on Form S-1 or SB-2 (or, if the Company is then eligible, on Form S-3) under the Securities Act (the “Initial Registration Statement”) for the resale by the Investors of the Registrable Securities, which includes at least 13,586,956 shares of Common Stock to be issued upon conversion of the Convertible Debentures and two million (2,000,000) shares of the Company’s Common Stock issuable upon exercise of the Warrant. The Company shall cause the Registration Statement to remain effective until all of the Registrable Securities have been sold. Prior to the filing of the Registration Statement with the SEC, the Company shall furnish a copy of the Initial Registration Statement to the Investors for their review and comment. The Investors shall furnish comments on the Initial Registration Statement to the Company within twenty-four (24) hours of the receipt thereof from the Company.
Section 2(a). Section 2(a) of the Agreement is hereby deleted in its entirety and the following language shall replace said Section 2(a) of the Agreement:
Section 2(a). 03. Covenant to Pay; Revolving Credit Notes.......................................20 SECTION 2A.04. Interest Payments..............................................................21 SECTION 2A.05. Principal Payments.............................................................21 SECTION 2A.06. Collateral Account Payments....................................................21 SECTION 2A.07. Use of Revolving Credit Loan Proceeds..........................................21
Section 2(a). 1 of the Credit Agreement is amended by deleting the first sentence in its entirety and replacing it with the following sentences: Subject to the terms and conditions hereof and of the Fourth Amendment, (A) each Continuing Canadian Revolving Lender agrees to convert (each such conversion a “Canadian Revolving Loan Conversion”) its Existing Canadian Revolving Loans into new revolving loans to Canadian Borrower under this Agreement in Canadian Dollars in an amount equal to the outstanding principal amount of such Lender's Existing Canadian Revolving Loans (in each case, the “Converted Canadian Revolving Loans”) immediately prior to the Fourth Amendment Effective Date; and (B) each Increasing Canadian Revolving Lender agrees to convert its Existing Canadian Revolving Loans pursuant to the Canadian Revolving Loan Conversion and also agrees to make a new loan in Canadian Dollars (each such loan, together with all Converted Canadian Revolving Loans, the “New Canadian Revolving Loans”) to Canadian Borrower as of the Fourth Amendment Effective Date in the aggregate principal amount equal to the excess of such Lender's Canadian Revolver Pro Rata Share (after giving effect to the Fourth Amendment) of all Existing Canadian Revolving Loans over such Lender's Converted Canadian Revolving Loans. Canadian Borrower, Administrative Agent and Lenders party hereto further acknowledge and agree that on the Fourth Amendment Effective Date, after giving effect to the conversion and/or issuance of Canadian Revolving Loans, the aggregate principal amount of Canadian Revolving Loans outstanding is equal to $0. Each Canadian Revolving Lender that is not an Exiting Canadian Revolving Lender, severally and for itself alone, hereby agrees, on the terms and subject to the conditions hereinafter set forth and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, to make loans to Canadian Borrower in Canadian Dollars on a revolving basis, including by means of B/As or B/A Equivalent Loans, from time to time during the Canadian Commitment Period, in an amount not to exceed its Canadian Revolver Pro Rata Share of the Total Available Canadian Revolving Commitment (each loan by any Lender, a “Canadian Revolving Loan” and collectively, together with the New Canadian Revolving Loans, the “Canadian Revolving Loans”). The Canadian Borrower shall pay all accrued and unpaid interest, Canadian Commitment Fees and all other amounts then due and payable...
Section 2(a). Section 2(a) of the Promissory Note is hereby amended by deleting it in its entirety and inserting the following in lieu thereof:
(a) Unless otherwise converted as provided herein, the Adjusted Principal Balance shall be due and payable in full upon written demand by the Lender; provided that the Lender agrees that it shall not demand payment of the Adjusted Principal Balance earlier than the first to occur of: (i) 30 days after the date on which (x) SEMARNAT makes a determination with respect to the current application for the Manifestacion de Impacto Ambiental relating to the Don Diego Project, which determination is other than an approval or (y) the Company or any of its affiliates withdraws such application without the Lender’s prior written consent; (ii) termination by Odyssey Marine Exploration, Inc. of the Stock Purchase Agreement; (iii) the occurrence of an Event of Default; (iv) December 31, 2015; or (v) if and only if the Investor shall have terminated the Stock Purchase Agreement pursuant to Section 8.1(d)(iii) thereof, March 30, 2016 (the date of such demand being the “Maturity Date”).”
Section 2(a). The first sentence of Section 2(a) of the Original Agreement is amended and restated as follows: “LIMR hereby grants to Company an exclusive, world-wide, royalty-bearing license (“License”) under the LIMR Technology and the Patent Rights for LIMR Technology described in Patent Applications [*] and the Patent Rights to make, have made, use and/or sell the Licensed Product in the field of human and animal therapeutics and diagnostics (the “Field”). The last sentence of Section 2(a) is also amended by changing the period at the end thereof to a comma and adding thereafter the following: “and [*]”
Section 2(a). Section 2(a) of the Loan Agreement is amended in its entirety to read as follows:
