Transition Mechanics Sample Clauses
Transition Mechanics. The University and the Students’ Union covenant and agree that they shall, during the period between the Execution Date and the Commencement Date, use all reasonable efforts to confirm the manner in which management of the MacEwan Building shall be transitioned from the University to the Students’ Union. To the extent practicable, the parties shall document such confirmation in one or more transition agreements, statements of intention or lists of tasks to be performed in order to allow such transition of management to occur as seamlessly and expeditiously as possible, all of which shall be developed and undertaken in accordance with the provisions of Section 7(e) of the Stakeholder Rights Agreement. Once these conditions, processes, procedures and/or documents have been finalized (collectively, and as may be amended from time to time on mutual agreement, the “Transitional Arrangements”), then they shall be taken into consideration whenever a subsequent Manager Replacement Event shall occur.
Transition Mechanics. To facilitate the changes in the Commitments effected hereby, the parties agree as follows:
(i) any Interest Period under the Agreement commencing on or after August 21, 1995 and prior to September 15, 1995 which would otherwise end after September 15, 1995 shall instead end on September 15, 1995;
(ii) subject to Section 2.11 of the Agreement, the Borrower shall prepay all outstanding Loans under the Agreement, together with accrued interest thereon, on September 15, 1995; and
(iii) subject to the applicable conditions in Section 3.02 of the Agreement, the Borrower may to the extent it determines necessary borrow from the Banks in proportion to their Commitments as modified hereby to fund such prepayment.