Examples of Exit Fee Agreement in a sentence
The Exit Fee Agreement will survive the termination of the Loan Agreement and has a term of 10 years.
We also find it reasonable to conclude that the operative sections of the ATSI-MISO Exit Fee Agreement, Sections 3.1(a), 3.2, and 2.2, indicate the intent to satisfy limited financial obligations, and that this intent is not outweighed by any general language in the preamble.
If we determine that it is probable that an Exit Event will occur over the ten-year term of the Exit Fee Agreement, a liability will be recognized, and the corresponding fee will be accounted for as an additional debt discount.We have the option to prepay all, but not less than all, of the outstanding principal balance of the term loans.
The Borrower shall have paid (i) all invoiced costs and expenses then due in accordance with Section 6(e), (ii) those fees due and payable as set forth in the amendment to the Fee Letter and Exit Fee Agreement executed in connection with this Amendment and (iii) all other fees, costs and expenses, if any, due and payable as of the Amendment Effective Date under the Loan and Security Agreement.
Subject to the restrictions imposed by the articles of association, the Board of Management shall be charged with the management of the company.
On July 31, 2009, American Transmission Systems, Incorporated (ATSI) notified MISO of its intent to withdraw from MISO effective May 31, 2011.16 On December 17, 2009, the Commission authorized ATSI’s withdrawal from MISO and integration into PJM Interconnection, L.L.C. (PJM).17 ATSI and MISO negotiated an Exit Fee Agreement (ATSI-MISO Exit Fee Agreement) that was conditionally accepted by the Commission on June 20, 2011.185.
The fact that arbitrators have jurisdiction to determine their own jurisdiction known as ‘’competence-competence’’ principle is among the most important, and contentious, rules of international arbitration.
The regression analysis results showed extravert and agreeable people used less hours of FB per day.
CAPITALIZATION The following table sets forth our cash and restricted cash and total capitalization as of June 30, 2017: ∎ on an actual basis; ∎ on a pro forma basis to give effect to: (i) the automatic conversion of all outstanding shares of our convertible preferred stock as of June 30, 2017 into an aggregate of 72,712,255 shares of common stock immediately prior to the closing of this offering; (ii) payment by us of $400,000 pursuant to our Exit Fee Agreement with Solar Capital Ltd.
Moreover, Section 3.1(a) of the ATSI-MISO Exit Fee Agreement specifies that the exit fee “will allocate specific amounts relating to [MISO] Tariff Schedules 10, 16, and 17.” We find that Section 3.1(a)’s plain meaning is that the exit fee referenced only covers ATSI’s Article Five, Section II.B financial obligations under Tariff Schedules 10, 16 and 17.