Examples of Override Agreement in a sentence
If a material event of default (breach of conditions subsequent, payment default or failure to meet event of default cumulative amount targets (as defined in the International Override Agreement)) has occurred, the applicable PIK margin will increase by 2% per annum, but so that the total margin does not exceed 7%.
The Australian Greens support the recommendations in the Chair’s report, which also has the support of Coalition and Labor Senators on the Committee.
Cash payments and receipts for the whole Group are controlled by the central treasury department.In 2009, the principal source of liquidity was operating cash flows of USD321 millionAt the end of 2009, the Company entered into an International Override Agreement, part of which comprises a cash pooling agreement and a cash monitoring agreement.
These contracts also include provisions on cross-default, which could cause, if the breach exceeds certain amounts, the early maturity and resolution of the contract in question, including the Override Agreement.
ERP Compliant Coke, LLC shares common ownership with Seneca by way of the Individual Defendants and had knowledge of Seneca’s obligations under the UPA, Override Agreement, and debts owed to Cliffs and CLF.