Term Election definition

Term Election has the meaning assigned to that term in Section 2.16(a).
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Term Election shall have the meaning assigned to that term in Section 2.19.
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Term Election shall have the meaning assigned to such term in Section 2.07(b).
Sample 1Sample 2

Examples of Term Election in a sentence

  • Number, Term, Election and Qualifications ----------------------------------------------------- a) The first Board of Directors of the Corporation, and all subsequent Boards of the Corporation, shall consist of not less than one (1) and not more than nine (9) directors.

  • Any such notice shall also indicate whether the Borrower elects, in the event that the Lenders determine not to extend the Revolving Period as requested by the Borrower, to extend the then-stated Termination Date from the last day of the then-current Revolving Period to the first anniversary of the last day of the then-current Revolving Period (any such election to so extend the Termination Date being the "Term Election").

  • Number; Term; Election; Qualification ..............................

  • The Term Election shall be effective on the last day of the Revolving Period, if and only if on such date, no Default or Event of Default shall have occurred and be continuing.

  • Number; Term; Election; Qualification.........................5 2.

  • If the Borrower shall make the Term Election, then on the last day of the Revolving Period, the Commitments shall be permanently reduced to an amount equal to the aggregate principal amount of Advances then outstanding.

  • Notwithstanding any other provision of this Agreement, the Revolving Period may be extended more than once pursuant to this Section 2.16 and the Term Election may be effected on the last day of the Revolving Period whether or not the same has been extended one or more times pursuant to this Section 2.16.

  • Number, Term, Election and Authority: The affairs of the Corporation shall be managed by a Board of not less than three (3) Directors or more than nine (9) Directors.

  • Subject to the satisfaction of the condition set forth in Section 3.03(d)(ii), in the event that any request by the Borrower pursuant to subsection (a) above shall be denied and the Borrower shall have indicated in such request that, in the event of such denial, it has determined to effect the Term Election, then, effective as of the last day of the Revolving Period, the Termination Date shall be extended to the first anniversary of such day.

  • To exercise Tenant's option with respect to the Extended Term, Tenant shall give notice to Landlord not more than eighteen (18) months and not less than twelve (12) months prior to the expiration of the initial Term ("Election Notice").

Related to Term Election

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

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

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

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

  • Extension Election has the meaning set forth in Section 2.16(c).

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

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

  • 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.

  • Election Date has the meaning specified in Section 3.12(h).

  • 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.

  • Payment Election means an election pursuant to Section 5.1.

  • 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.

  • REMIC Election An election, for federal income tax purposes, to treat certain assets as a REMIC.

  • 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.

  • Other Benchmark Rate Election means, with respect to any Loan denominated in Dollars, if the then-current Benchmark is the LIBO Rate, the occurrence of:

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

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

  • Safe Harbor Election has the meaning set forth in Section 10.2(d).

  • Initial Enrollment Period means one of the following periods during which you may first enroll for coverage under this plan:

  • Mixed Election has the meaning set forth in Section 3.01(b)(iii).

  • Exchange Election shall have the meaning specified in Section 14.12(a).