Settlement of U Sample Clauses

Settlement of U. S. Swingline Loans and other U.S./European Revolver Loans among the U.S. Lenders and Agent shall take place on a date determined from time to time by Agent (but at least weekly). On each settlement date, settlement shall be made with each U.S. Lender in accordance with the Settlement Report delivered by Agent to U.S. Lenders. Between settlement dates, Agent may in its discretion apply payments on U.S. Revolver Loans to U.S. Swingline Loans regardless of any designation by the U.S. Borrower or any provision herein to the contrary. Each U.S. Lender’s obligation to make settlements with Agent is absolute and unconditional, without offset, counterclaim or other defense, and whether or not the U.S./European Revolver Commitments have terminated, a U.S./European Overadvance exists or the conditions in Section 6 are satisfied. If, due to an Insolvency Proceeding with respect to the U.S. Borrower or otherwise, any U.S. Swingline Loan may not be settled among U.S. Lenders hereunder, then each U.S. Lender shall be deemed to have purchased from Agent a Pro Rata participation in each unpaid U.S. Swingline Loan and shall transfer the amount of such participation to Agent, in immediately available funds, within one (1) Business Day after Agent’s request therefor.
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Settlement of U. S. Revolving Loans.................................99 12.16
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Settlement of U. S. Revolving Loans. (a) U.S. Revolving Loans. Each U.S. Lender's funded portion of the U.S. Revolving Loans is intended by the U.S. Lenders to be equal at all times to such U.S. Lender's Pro Rata Share of the outstanding U.S. Revolving Loans. Notwithstanding such agreement, the Agent, the Bank and the other U.S. Lenders agree (which agreement shall not be for the benefit of or enforceable by the U.S. Borrowers) that in order to facilitate the administration of this Agreement and the other Loan Documents, settlement among them as to the U.S. Revolving Loans, the U.S. Non-Ratable Loans and the U.S. Agent Advances shall take place on a periodic basis in accordance with the following provisions: (i) The Agent shall request settlement ("U.S. Revolving Loan Settlement") with the U.S. Lenders on at least a weekly basis or on a more frequent basis at the Agent's election, (A) on behalf of the Bank, with respect to each outstanding U.S. Non- Ratable Loan, (B) for itself, with respect to each U.S. Agent Advance, and (C) with respect to collections received, in each case, by notifying the U.S. Lenders of such requested U.S. Revolving Loan Settlement by telecopy, telephone or other similar form of transmission, of such requested U.S. Revolving Loan Settlement, no later than 12:00 noon (New York time) on the date of such requested U.S. Revolving Loan Settlement (the "U.S. Revolving Loan Settlement Date"). Each U.S. Lender (other than the Bank in the case of U.S. Non-Ratable Loans and the Agent in the case of U.S. Agent Advances) shall transfer the amount of such U.S. Lender's Pro Rata Share of the outstanding principal amount of the U.S. Non-Ratable Loans and U.S. Agent Advances with respect to each U.S. Revolving Loan Settlement to the Agent, to the Agent's account, not later than 2:00 p.m. (New York time), on the U.S. Revolving Loan Settlement Date applicable thereto. U.S. Revolving Loan Settlements may occur during the continuation of a Default or an Event of Default and whether or not the applicable conditions precedent set forth in Article 8 have then been satisfied. Such amounts made available to the Agent shall be applied against the amounts of the applicable U.S. Non-Ratable Loan or U.S. Agent Advance and, together with the portion of such U.S. Non-Ratable Loan or U.S. Agent Advance representing the Bank's Pro Rata Share thereof, shall constitute U.S. Revolving Loans of such U.S. Lenders. If any such amount is not transferred to the Agent by any U.S. Lender on ...
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Related to Settlement of U

  • Settlement of PSUs The grant pursuant to this Award represents an unfunded and unsecured promise of the Company, subject to the vesting, achievement of performance targets and other conditions of this Agreement, to issue to the Employee for each vested PSU one share of the Common Stock and to pay to the Employee in a single lump sum any cash amounts credited on such vested PSU with respect to dividends. Except as otherwise expressly provided in the Award Statement and subject to the terms of this Agreement, such issuance and lump sum payment shall be made to the Employee (or, in the event of his or her death to the Employee’s estate as provided above) (a) in all cases other than those set forth in clause (b), as soon as reasonably practicable following the Vesting Date and no later than December 31 of the year in which the Vesting Date occurs, and (b) in the case of termination of employment by reason of death or Disability or the Employee’s death after a termination of employment in the circumstances specified in Section 2, as soon as reasonably practicable following such termination of employment or death. Notwithstanding the foregoing, if the Company determines that settlement in the form of Common Stock is impractical or impermissible under the laws of the Employee’s country of residence, the PSUs will be settled in the form of cash, and further notwithstanding the foregoing, payment will not occur until any applicable waiting period under HSR has expired or been terminated.

  • Settlement of Units Subject to Section 8 below, as soon as practicable after any date on which Units vest (but no later than the 15th day of the third calendar month following the applicable vesting date), the Company shall cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company’s transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage account, and shall be subject to the tax withholding provisions of Section 7 and compliance with all applicable legal requirements as provided in Section 17(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. If the Units that vest include a fractional Unit, the Company shall round the number of vested Units to the nearest whole Unit prior to issuance of Shares as provided herein.

  • Enforcement of Settlement Agreement 11.1 Any party may file suit before the Superior Court of the County of Los Angeles, consistent with the terms and conditions set forth in paragraphs 11.2 and 11.3 of this Settlement Agreement, to enforce the terms and conditions contained in this Settlement Agreement. The prevailing party shall be entitled to its reasonable attorneys' fees and costs associated with such enforcement.

  • Settlement of Grievances The applicable procedures of this Agreement shall be followed for the settlement of all grievances. All grievances shall be considered carefully and processed promptly.

  • Settlement of the Award Upon vesting, the RSU Award will be settled by delivery of one share of Stock as of the Vesting Date, for each RSU being settled. Such settlement shall occur promptly on or following the vesting of each RSU.

  • Settlement of RSUs Delivery of Shares or other amounts under this Award Agreement and the Plan shall be subject to the following:

  • Settlement Relief In consideration for the dismissal of the Action and the Related Action with prejudice, as contemplated in this Settlement Agreement, and for the full and complete Release, Final Judgment and Final Order, as further specified herein, Toyota agrees to provide the relief specified in this Section. The costs and expenses associated with providing the relief and otherwise implementing the relief specified in Section III of this Settlement Agreement shall be the sole obligation of and paid by Toyota. After the issuance of the Preliminary Approval Order signed by the Court, Toyota, at its sole discretion, may, after consultation with Class Counsel, implement the Frame Inspection and Replacement Program in advance of the occurrence of the Final Effective Date.

  • EXECUTION OF SETTLEMENT AGREEMENT This Settlement Agreement may be signed in one or more counterparts which together shall constitute a binding agreement.

  • Settlement of Award Except as otherwise provided in Section 12 hereof, if the Grantee becomes vested in his Awards, or any portion thereof, in accordance with Section 5, the Company shall distribute to him, or his personal representative, beneficiary or estate, as applicable, a number of shares of Common Stock equal to the number of RSUs subject to the Award then becoming vested. Such shares shall be delivered within 30 days following the date of vesting.

  • Modification of Settlement Agreement Any modification to this Settlement Agreement shall be in writing and signed by the Parties.

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