Adjustment Election definition

Adjustment Election shall have the meaning set forth in Section 8.1(a)(vi).
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Adjustment Election has the meaning set out in Section 4.2;
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Adjustment Election has the meaning given such term in Section 10.1(g) hereof.
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Examples of Adjustment Election in a sentence

  • The Glossary of Defined Terms in the Original Agreement is hereby amended by (i) deleting the reference to "Section 1.8(a)" next to the term "NASDAQ" and inserting in lieu thereof a reference to "Section 1.10(g)(ii) and (ii) deleting the following terms and related Section references: Average Price, Cash Top-Up, Cash Top-Up Election, Combination Election, Determination Date, Frontier Evaluation Period, Global Adjustment Election, Global Election Period, Specified Value and Termination Notice.

  • Borrower may make the Amortization Adjustment Election one time and such election shall be irrevocable and effective as to each Term Loan.

  • For the avoidance of any doubt, (a) the monthly payment payable under Section 4.02(b)(ii) after the Amortization Adjustment Election shall be an amount equal to the monthly payment required to fully amortize the initial principal balance of the Term Loan over a period of 25 years and (b) the Amortization Adjustment Election does not effect the amount or application of any payments made on account of the Term Loan prior to the effective date of the Amortization Adjustment Election.

  • Accordingly Parent shall not be entitled to make both the Adjustment Election and the Put Election.

  • Section 7.1(i) Adjustment Election Period........................................Section 7.1(i) Affiliate Agreement...............................................Section 3.1(k) Agreement...............................................................

  • Prior to Maturity, interest will accrue on the unpaid balance of the Principal Sum until paid at a "CONTRACT RATE" OF EITHER THE "ONE YEAR TREASURY RATE" OR THE "PRIME RELATED RATE" (both of which are hereinafter defined) duly elected by the undersigned by an Adjustment Election made in the manner hereinafter provided.

  • For purposes of this Warrant, “Exercise Price” means $ , subject to adjustment as provided herein; provided, that if the Required Holders make a Holder Conversion Price Adjustment Election (as defined in the SPA Securities), the Exercise Price shall be reduced to the Conversion Price resulting from the Holder Conversion Price Adjustment Election pursuant to Section 7(f) of the SPA Securities.

  • For the avoidance of any doubt, the Amortization Adjustment Election does not effect the amount or application of any payments made on account of the Term Loans prior to the effective date of the Amortization Adjustment Election.

  • Adjustment Election Rate: The Adjustment Reference Rate applicable on the Election Date.


More Definitions of Adjustment Election

Adjustment Election means an irrevocable written election to adjust the Contract Rate accruing on the Loan to either the One Year Treasury Rate or the Prime Related Rate determined by the Bank to be in effect as of each Interest Rate Adjustment Date, which election may be exercised not later than thirty days prior to each Interest Rate Adjustment Date by delivering to the officer of the Bank who is administering the Loan a written notice of such election specifying the Contract Rate elected by the Company. If the Company fails to timely make the Adjustment Election prior to any Interest Rate Adjustment Date, then in such event the Company shall be deemed to have elected the Prime Related Rate as the Contract Rate to become effective as of such Interest Rate Adjustment Date. Each election of the Contract Rate shall continue in effect until the next succeeding Interest Rate Adjustment Date, upon which date the Contract Rate shall be adjusted in accordance with the Adjustment Election made or deemed to have been made by the Company for such date. Interest shall be calculated on a 360 day year basis and shall be based on the actual number of days which elapse during the interest calculation period. Upon the occurrence of any Event of Default and the expiration of any applicable cure period, interest shall thereafter accrue on the outstanding principal balance of all advances made pursuant to this Agreement at a rate equal to the Prime Rate plus two and three quarters percent (2.75%) per annum.
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Adjustment Election means an IRREVOCABLE written election to adjust the Contract Rate due under this Note TO EITHER THE ONE YEAR TREASURY RATE or the Prime Related ~de terminedb the Bank to be in effect as of each Interest Rate Adjustment Date, which election may be exercised not later than thirty days prior to each Interest Rate Adjustment Date by delivering to the officer of the Bank who is administering the Loan a written notice of such election SPECIFYING THE CONTRACT RATE elected by the undersigned If the undersigned fails to timely make the Adjustment Election prior to any Interest Rate Adjustment Date, then in such event the undersigned shall be deemed TO HAVE ELECTED THE Prime Related Rate as the Contract Rate to become effective as of such Interest Rate Adjustment Date. Each election of the Contract Rate shall continue in effect until the next succeeding Interest Rate Adjustment Date, upon which date the Contract Rate shall be adjusted in accordance with the Adjustment Election made or deemed to have been made by the undersigned for such date. All interest shall be calculated on the basis of a 360 day year for the actual number of days the Principal Sum or any part thereof remains unpaid. There shall be no penalty for prepayment. The amount of any payment shall first be applied to the payment of any interest which is due.
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Adjustment Election is defined in Section 7.01(j).
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Related to Adjustment Election

  • Payment Election means an election pursuant to Section 5.1.

  • Investment Election means the Participant’s election to have deferred amounts credited with hypothetical earnings credits (or losses) that track the investment performance of the Investment Options and/or Common Stock in accordance with Article V.

  • LCT Election has the meaning assigned to such term in Section 1.06.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Section 336(e) Election has the meaning set forth in Section 7.06.

  • IDR Reset Election has the meaning given such term in Section 5.11(a).

  • LCA Election has the meaning specified in Section 1.09(a).

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Special election means an election held as authorized by Section 20A-1-203.

  • Deferral means the amount or amounts of a Participant’s Compensation deferred under the provisions of Section 3.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Qualified Election Period means the six Plan Year period beginning with the Plan Year in which the Participant first becomes a Qualified Participant.

  • Early Opt-in Election means the occurrence of:

  • Deferral Period has the meaning set forth in Section 3(i) hereof.

  • Stock Election shall have the meaning set forth in Section 3.2.2.

  • Plan Year(s means the approximate twelve-month periods between annual meetings of the shareholders of the Company, which, for purposes of the Plan, are the periods for which annual retainers are earned.