Examples of Specified Amendments in a sentence
The provisions of this Section 5.02(e)(iii) shall not apply to modifications, amendments or variances that do not constitute Specified Amendments.
Project Viking shall cause each governor it has a right to appoint under Section 5.3(a)(iv) to vote in favor of the Specified Amendments and in favor of such matters as are necessary to call a meeting of the members as soon as practicable following the Effective Date to consider the Specified Amendments and provide a Board recommendation to vote in favor of the Specified Amendments.
For purposes hereof, it is understood and agreed that (x) the establishment of the Replacement Term Loans and the application of the use of proceeds thereof shall occur immediately prior to the effectiveness of the Specified Amendments and (y) the Specified Amendments shall be effective immediately following the establishment of the Replacement Term Loans and the application of the use of proceeds thereof.
In the event that (and for so long as) such guarantee referred to in this Section 5.12 is not provided by Transatlantic upon consummation of the Transatlantic Acquisition in accordance with the preceding sentence, the Specified Amendments shall become immediately effective (and shall remain in effect).”.
On each 90-day anniversary of the Condominium Approval Date (i.e., quarterly thereafter), if the Specified Amendments have not been made on or before each of such dates, Borrowers shall pay to Lender a fee in an amount equal to one-half of one percent (0.50%) of the then outstanding principal balance of the Loan on each of such dates (any such fee, a “Non-Approval Fee”).