Termination of Short Term Facility Sample Clauses

Termination of Short Term Facility. Effective upon the receipt by the “Administrative Agent” (as defined in the Short Term Facility) on behalf of the lenders under the Short Term Facility of an amount that repays in full the outstanding principal, accrued interest, fees and all other amounts outstanding under the Short Term Facility as contemplated by Section 4.01(c)(ii) (other than contingent expense reimbursement and indemnification obligations for which no claim has been made or invoice delivered prior to the Effective Date), the Short Term Facility, all other “Loan Documents” (as defined in the Short Term Facility) and all indebtedness, liabilities and obligations outstanding thereunder are satisfied, extinguished and terminated automatically without any further action on the part of any party thereto, except for any rights and obligations thereunder which expressly survive repayment and termination of the Short Term Facility in accordance with the terms of the Short Term Facility. [Remainder of Page Intentionally Left Blank.] IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective authorized officers as of the day and year first above written. LENNOX INTERNATIONAL INC., as the Borrower By: /s/ Xxxx Xxxxxx Xxxx Xxxxxx, Vice President and Treasurer FIFTH AMENDED AND RESTATED CREDIT FACILITY AGREEMENT, Signature Page JPMORGAN CHASE BANK, NATIONAL ASSOCIATION individually as a Lender and as the Administrative Agent By: /s/ Xxxxxxx X. Xxxxxx Xxxxxxx X. Xxxxxx, Vice President FIFTH AMENDED AND RESTATED CREDIT FACILITY AGREEMENT, Signature Page BANK OF AMERICA, N.A., individually as a Lender and as a Syndication Agent By: /s/ Xxxxxxx X. Xxxxxxxx Name: Xxxxxxx X. Xxxxxxxx Title: Senior Vice President FIFTH AMENDED AND RESTATED CREDIT FACILITY AGREEMENT, Signature Page Xxxxx Fargo Bank, N.A., as a Lender By: /s/ Xxxxxx X. Xxxxxxxx Name: Xxxxxx X. Xxxxxxxx Title: Senior Vice President FIFTH AMENDED AND RESTATED CREDIT FACILITY AGREEMENT, Signature Page The Bank of Tokyo-Mitsubishi UFJ, Ltd., as a Lender By: /s/ Xxxxxx Xxxxxxxxx Name: Xxxxxx Xxxxxxxxx Title: Authorized Signatory FIFTH AMENDED AND RESTATED CREDIT FACILITY AGREEMENT, Signature Page PNC BANK, NATIONAL ASSOCIATION, as a Lender By: /s/ Xxxxxxxxx X. Xxxxx Name: Xxxxxxxxx X. Xxxxx Title: Senior Vice President FIFTH AMENDED AND RESTATED CREDIT FACILITY AGREEMENT, Signature Page U.S. BANK NATIONAL ASSOCIATION, as a Lender By: /s/ Xxxx Xxxxxxx Name: Xxxx Xxxxxxx Title: Vice President FIFTH A...
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Related to Termination of Short Term Facility

  • Distributions Upon Income Inclusion Under Section 409A of the Code Upon the inclusion of any portion of the benefits payable pursuant to this Agreement into the Executive’s income as a result of the failure of this non-qualified deferred compensation plan to comply with the requirements of Section 409A of the Code, to the extent such tax liability can be covered by the Executive’s vested accrued liability, a distribution shall be made as soon as is administratively practicable following the discovery of the plan failure.

  • Short-Term Leave and Disability Plan Top up i. Teachers accessing STLDP will have access to any unused Sick Leave Days from their last year worked for the purpose of topping up salary to one hundred percent (100%) under the STLDP. ii. This top-up is calculated as follows: Eleven (11) days less the number of sick leave days used in the most recent year worked. iii. Each top-up from ninety percent (90%) to one hundred percent (100%) requires the corresponding fraction of a day available for top- up. iv. In addition to the top-up bank, top-up for compassionate reasons may be considered at the discretion of the board on a case by case basis. The top-up will not exceed two (2) days and is dependent on having two (2) unused Short Term Paid Leave Days in the current year. These days can be used to top-up salary under the STLDP. v. When Teachers use any part of an STLDP day they may access their top up bank to top up their salary to one hundred percent (100%).

  • Short-term Disability Coverage Days Payable at 90% Wages Permanent Employees

  • Short Term Disability Plan The administration of the Short Term Disability Plan and the payment of benefits under this Plan shall be handled by the Company.

  • Short Term Disability The Employer agrees to provide Short Term Disability benefits to all active full-time employees from the first (1st) day of an accident or the first (1st) full-time day of hospitalized or the fourth (4th) day of sickness. The Plan will pay sixty-six and two thirds percent (66 2/3%) of basic earnings for the first two (2) weeks, then Unemployment Insurance will pay fifteen (15) weeks, then the Plan will resume payments for thirty-five (35 weeks).

  • ERISA Compliance; Excess Parachute Payments The Parent does not, and since its inception never has, maintained, or contributed to any “employee pension benefit plans” (as defined in Section 3(2) of ERISA), “employee welfare benefit plans” (as defined in Section 3(1) of ERISA) or any other Parent Benefit Plan for the benefit of any current or former employees, consultants, officers or directors of Parent.

  • Short Term Paid Leaves The parties agree that the issue of Short Term Paid Leaves had been addressed at the Central Table and the provisions shall remain status quo to provisions in current local collective agreements. For clarity, any leave of absence in the 2008-12 Collective Agreement, that utilizes deduction from sick leave, for reasons other than personal illness shall be granted without loss of salary or deduction from sick leave, to a maximum of five (5) days per school year. Local collective agreements that have more than (5) days shall be limited to five (5) days. These days shall not be used for the purpose of sick leave nor shall they be accumulated from year-to-year. Such provisions shall not be subject to local bargaining or mid-term amendments between local parties. Notwithstanding this stipulation, local collective agreement terms will need to align with the terms above.

  • Required Payments; Termination Any outstanding Advances and all other unpaid Obligations shall be paid in full by the Borrower on the Facility Termination Date.

  • Short Term Disability Benefits The Board shall provide short-term disability benefits as set forth in the short term disability summary plan description. 1. Rate of Benefits and Waiting Period Short term disability benefits for disabilities resulting from non-occupational illness or injury, shall be paid at the rate of 70% of the employee’s regular rate subject to all applicable deductions. Following the exhaustion of temporary leave, there is a five (5) day waiting period before short term disability benefits begin. The five (5) day waiting period will be waived for absences greater than thirty (30) consecutive calendar days and short term disability payments shall be paid retroactively. (See also Temporary Leave.)

  • Distributions on Account of Separation from Service If and to the extent required to comply with Section 409A, no payment or benefit required to be paid under this Agreement on account of termination of the Executive’s employment shall be made unless and until the Executive incurs a “separation from service” within the meaning of Section 409A.

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