Time to Satisfy Condition Sample Clauses

Time to Satisfy Condition. If, despite Landlord’s and Tenant’s diligent efforts, the Letter of Credit Condition has not been satisfied by March 15, 2004, Landlord may give Tenant written notice that the condition has not been satisfied and if the condition has still not been satisfied within three (3) business days after delivery of such notice Landlord may, at its option and by written notice to Tenant within ten (10) business days after the end of such three (3) business day period, terminate this Fourth Amendment, in which event this Fourth Amendment will be of no further force or effect and the rights and obligations of the parties will be governed by the terms of the Lease, without regard to this Fourth Amendment and Landlord shall replenish the Letter of Credit and will credit against the Rent due under the Lease any Rent received by Landlord from Tenant (including amounts paid under Section 4.4 hereunder), JWD, Liftech or Neustar for the period from and after the Rent Adjustment Date. If Landlord fails to terminate this Fourth Amendment within such ten (10) business day period, Landlord shall be deemed to have waived the Letter of Credit Condition set forth in this Section 3.1. Notwithstanding the foregoing, if the delay in satisfying the Letter of Credit Condition is due to the delay (but not the refusal) of Greater Bay Bancorp to make payment under the Letter of Credit, then the date of March 15, 2004 will be extended to April 15, 2004 and Landlord and Tenant will continue to use diligent efforts to cause the Letter of Credit Condition to be satisfied. If the Letter of Credit Condition is still not satisfied by April 15, 2004 due to the delay (but not the refusal) of Greater Bay Bancorp to make payment under the Letter of Credit, then Landlord may, at its election, either (i) extend the April 15, 2004 date until the Letter of Credit Condition is satisfied or (ii) terminate this Fourth Amendment, in which event the termination provisions in this Section 3.1(b) above will apply. Tenant’s obligations under this Section 3.1 are both covenants and conditions.
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Related to Time to Satisfy Condition

  • Failure to Satisfy Conditions If the Secured Party or its Custodian fails to satisfy any conditions for holding Posted Collateral, then upon a demand made by the Pledgor, the Secured Party will, not later than five Local Business Days after the demand, Transfer or cause its Custodian to Transfer all Posted Collateral held by it to a Custodian that satisfies those conditions or to the Secured Party if it satisfies those conditions.

  • Covenant to Satisfy Conditions Each party hereto agrees to use all reasonable efforts to insure that the conditions set forth in Article IV and Article V hereof are satisfied, insofar as such matters are within the control of such party.

  • Failure to Satisfy Conditions Precedent If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

  • Actions to Satisfy Closing Conditions Each Party shall take all actions as are within its power and otherwise use its commercially reasonable efforts so as to ensure compliance with the conditions set forth in this Section 6.

  • Minimum Condition Section 1.1(a).........................................2

  • Prior Conditions Satisfied All conditions set forth in §10 shall continue to be satisfied as of the date upon which any Loan is to be made or any Letter of Credit is to be issued.

  • ELIGIBILITY CONDITIONS The eligibility conditions specified in Adoption Agreement Section 2.01 are effective for Plan Years beginning after _______________________.

  • Service Requirements 4.1 All Services shall be performed in accordance with the requirements set forth in this Service Agreement, including the Service Specification, and otherwise in a professional manner.

  • Service Requirement Except as otherwise provided in Section 6(e) of the Plan or Section 2 of this Agreement, this Option may be exercised only while you continue to provide Service to the Company or any Affiliate, and only if you have continuously provided such Service since the Grant Date of this Option.

  • Notice Requirement No termination of this Agreement shall be effective unless and until the party terminating this Agreement gives prior written notice to all other parties of its intent to terminate, which notice shall set forth the basis for the termination. Furthermore,

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