Term Conversion. The Term Conversion Date shall not have occurred by the Date Certain.
Term Conversion. On the Term Conversion Date:
Term Conversion. Term Conversion shall not have occurred by the Term Conversion Date Certain. then, and in any such event, (A) if such event is an Event of Default specified in clauses (i) or (ii) of paragraph (g) above with respect to the Borrower, automatically the Commitments shall immediately terminate and the Loans (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents (including all amounts of L/C Reimbursement Obligations, but excluding, for the avoidance of doubt, all obligations under Interest Rate Hedge Agreements) shall immediately become due and payable and (B) if such event is any other Event of Default, either or both of the following actions may be taken: (i) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower declare the Commitments to be terminated forthwith, whereupon the Commitments shall immediately terminate; and (ii) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower, declare the Loans (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents (including all amounts of L/C Reimbursement Obligations, but excluding, for the avoidance of doubt, all obligations under Interest Rate Hedge Agreements) to be due and payable forthwith, whereupon the same shall immediately become due and payable. To the extent not already cash collateralized or Cash Collateralized, upon any termination of the Commitments pursuant to this Section 7.01, with respect to all applicable Letters of Credit with respect to which presentment for honor shall not have occurred at the time of such acceleration, the Borrower shall at such time deposit in a cash collateral account opened by the Administrative Agent an amount equal to 102.5% of the aggregate then undrawn and unexpired amount of such Letters of Credit. Amounts held in such cash collateral account shall be applied by the Administrative Agent to the payment of drafts drawn under such Letters of Credit, and the unused portion thereof after all such Letters of Credit shall have expired or been fully drawn upon, if any, shall be applied to repay other obligations of the Borrower hereunder and under the other Loan Documents. After all such Letters of Credit shall have expired or been fu...
Term Conversion. Term Conversion shall have occurred.
Term Conversion. No Construction Loan shall Term-Convert unless the following conditions shall have been satisfied or waived in writing by the Controlling Party (the date of such satisfaction or waiver of the following conditions being referred to herein as the “Term Period Commencement Date”).
Term Conversion. Term-Conversion shall not have occurred by June 14, 2011.
Term Conversion. In the instance of an opening for a term, tenure-track, or continuing-track position currently held by a Member on a term appointment, the President, upon joint recommendation of the appropriate Xxxx/Director and Department, may offer the position to the incumbent, negat- ing the process outlined in Article 15.
Term Conversion. 1. If at any time the Client converts the Candidate from a Part-time Placement Candidate to a Long-term Full-time Placement Candidate, the Client will pay to the Agency the difference between the rate for Long-term Full-time Placement and the rate for Long-term Part-time Placement as provided in provision 1(A) hereof.
2. If the Client continues to employ a Short-term Candidate beyond the 12-week (short-term) period, the Client will pay to the Agency the rate as provided in provision 1(A) hereof to be determined by the status of the Candidate as either a Long-term Full-time Candidate or a Long-term Part-time Candidate.
3. The conversion, as referred to in this provision (C)(1) and (C)(2) shall be considered complete at any time a placed Candidate works in excess of 30 hours in any week (C)(1) or beyond the 12-week period (C)(2).
4. All fees for term conversion are due within 10 days of the date of conversion of the term. Any fees outstanding after 10 days will be subject to a late charge of $10.00 per day retroactive back to the date when the fees first came due.
Term Conversion. An employee who has been employed in a term position of at least twelve
Term Conversion. Term Conversion shall not have occurred on or prior to June 30, 2014.
