Section 5.1(c) Sample Clauses

Section 5.1(c). The Agreement is hereby amended by adding the following at the end of Section 5.1(c) of the Agreement: “Purchaser shall or shall cause its Affiliates, including any Purchased Entity, to pay any Seller Post-Closing Incentive Payments through payroll, after the deduction of any Taxes which Purchaser shall or shall cause its Affiliates to pay to the appropriate Taxing Authority provided that Seller shall notify Purchaser of the gross Seller Post-Closing Incentive Payments due to the Transferred Employees no later than 5 Business Days before they are due to be paid to the Transferred Employees and Seller and Purchaser agree that, to the extent not included in Net Debt, the Net Seller Post-Closing Incentive Payments shall be included in the Net Debt/Working Capital Adjustment Amount.”
Sample 1
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Section 5.1(c). Section 5.1(c)(ii)(y)(1) of the Credit Agreement is hereby amended to add the following proviso: “; provided, however, that, from and after the acquisition by the Borrower, directly or indirectly, of equity interests (the “Archstone Interests”) of various affiliates of Archstone (the “Archstone Affiliates”) and for so long as any of such Archstone Affiliates constitutes an Investment Affiliate under this Agreement, the certification pursuant to this Section 5.1(c)(ii)(y)(1) shall be prepared without taking into account the investment in the Archstone Interests and the Borrower shall also deliver to each of the Banks within 80 days after the end of each of the first three quarters of each fiscal year of the Borrower and within 140 days after the end of each fiscal year of the Borrower an additional certification of the matters required by this Section 5.1(c)(ii)(y)(1) that does take into account the investment in the Archstone Interests”
Sample 1
Section 5.1(c). This provision is of significant concern to SMOs. It allows the Director-General ("DG") to issue Health Employment Directives ("HEDs") which prevail over agreed employment conditions in industrial instruments and contracts. This unilateral power to void agreed conditions of employment is one of the most significant sources of anxiety for SMOs;
Sample 1

Related to Section 5.1(c)

  • SECTION 613 Preferential Collection of Claims Against Company....................................46

  • Section 511 Delay or Omission Not Waiver....................... 36

  • Section 601 Certain Duties and Responsibilities...................................................... 29

  • SECTION 510 Rights and Remedies Cumulative..................... 36

  • SECTION 504 Trustee May File Proofs of Claim................... 34 Section 505. Trustee May Enforce Claims Without Possession of Securities......................................... 35

  • SECTION 311 CUSIP Numbers.............................................................29

  • SECTION 302 Denominations..................................................26 SECTION 303. Execution, Authentication, Delivery and Dating.................26

  • Section 512 Control By Holders................................. 37 Section 513. Waiver of Past Defaults............................ 37

  • Section 815 Waiver of Stay or Extension Laws......... 45 ARTICLE NINE.................................................... 45

  • SECTION 312 The Primary Servicer shall promptly (but in no event later than thirty (30) days after the related inspection or receipt of the inspection report, which ever is later, or collection, as applicable) forward to the Master Servicer a copy of all inspection reports prepared by the Primary Servicer and all operating statements, budgets, rent rolls and financial statements collected by the Primary Servicer. The Primary Servicer may engage a third party at its cost to perform property inspections and prepare property inspection reports without first obtaining the consent of the Master Servicer; provided, however, that the Primary Servicer shall remain obligated and primarily liable to the Master Servicer for satisfactory completion of the inspections and reports as required by this Agreement. If any inspection report identifies a “life safety” or other material deferred maintenance item existing with respect to the related Mortgaged Property, the Sub-Servicer (x) shall promptly send to the related Borrower (with a copy to the Master Servicer by email to xxxxxx@xxxxxxxxxx.xxx) a letter identifying such deferred maintenance item and instructing the related Borrower to correct such deferred maintenance item and (y) shall notify the Master Servicer (by email to xxxxxx@xxxxxxxxxx.xxx) upon resolution of such life safety or deferred maintenance item.

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