Accrual of Costs Sample Clauses

Accrual of Costs. On or prior to the Closing Date, the sum of: (a) the cost of any benefits or contributions supplied or made or to be supplied or made through the Effective Time under any of the FDB Employee Benefit Plans; (b) the costs of any corrective action to bring any such plans into compliance with applicable law; (c) the aggregate cost of complying with any representation, warranty or covenant of FDB set forth in this Agreement; and (d) all transaction costs of FDB necessary to consummate the Merger, including, but not limited to, its share of organizational expenses of Newco and the aggregate professional fees of attorneys, accountants and financial advisors, in each case incurred or to be incurred by FDB through the Effective Time in connection with this Agreement or the Merger, shall be fully paid or accrued for in accordance with generally accepted accounting principles.
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Accrual of Costs. On or prior to the Closing Date, First ---------------- Kansas shall fully pay or accrue as may be required by GAAP: (a) the cost of any benefits or contributions supplied or made or to be supplied or made through the Effective Time under any of the First Kansas Employee Benefit Plans; (b) the costs of any corrective action to bring any such plans into compliance with applicable law; (c) the aggregate cost of complying with any representation, warranty or covenant of First Kansas set forth in this Agreement; and (d) all First Kansas Transactional Expenses. For purposes of the accruals made pursuant to this section, First Kansas shall assume a tax rate of 34%.
Sample 1
Accrual of Costs. On or prior to the Closing Date, MNB ---------------- shall fully pay or accrue as may be required by GAAP: (a) the cost of any benefits or contributions supplied or made or to be supplied or made through the Effective Time under any of the MNB Employee Benefit Plans; (b) the costs of any corrective action to bring any such plans into compliance with applicable law; (c) the aggregate cost of complying with any representation, warranty or covenant of MNB set forth in this Agreement; and (d) all MNB Transactional Expenses.
Sample 1
Accrual of Costs. On or prior to the Closing Date, LBI shall fully pay or accrue as may be required by GAAP: (a) the cost of any benefits or contributions supplied or made or to be supplied or made through the Effective Time under any of the LBI Employee Benefit Plans; (b) the costs of any corrective action to bring any such plans into compliance with applicable law; (c) the aggregate cost of complying with any representation, warranty or covenant of LBI set forth in this Agreement; and (d) all LBI Transactional Expenses. ARTICLE 8
Sample 1
Accrual of Costs. On or prior to the Closing Date, the sum ---------------- of: (a) the cost of any benefits or contributions supplied or made or to be supplied or made through the Effective Time under any of the MNB Employee Benefit Plans; (b) the costs of any corrective action to bring any such plans into compliance with applicable law; (c) the aggregate cost of complying with any representation, warranty or covenant of MNB set forth in this Agreement; and (d) all MNB Transactional Expenses shall be fully paid or accrued for in accordance with GAAP.
Sample 1
Accrual of Costs. 48 Section 9.11 Loan Loss Reserve.............................................49 Section 9.12
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Accrual of Costs. On or prior to the Closing Date, the sum of: (a) the cost of any benefits or contributions supplied or made or to be supplied or made through the Effective Time under any of the BIF Employee Benefit Plans; (b) the costs of any corrective Page 49 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - action to bring any such plans into compliance with applicable law; (c) the aggregate cost of complying with any representation, warranty or covenant of BIF set forth in this Agreement; and (d) all transaction costs of BIF necessary to consummate the Merger, including, but not limited to, its share of organizational expenses of Newco and the aggregate professional fees of attorneys, accountants and financial advisors, in each case incurred or to be incurred by BIF through the Effective Time in connection with this Agreement or the Merger, shall be fully paid or accrued for in accordance with generally accepted accounting principles.
Sample 1
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Related to Accrual of Costs

  • Accrual of Interest Each Note (or in the case of the redemption of part only of a Note, that part only of such Note) will cease to bear interest (if any) from the date for its redemption unless payment of principal is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of:

  • Accrual of Leave (a) An employee’s entitlement to paid recreation leave accrues progressively during a year of service according to the employee’s ordinary hours of work.

  • Accrual of Interest and Maturity; Evidence of Indebtedness (i) Swing Line Lender shall maintain in accordance with its usual practice an account or accounts evidencing indebtedness of the Borrower to Swing Line Lender resulting from each Swing Line Advance from time to time, including the amount and date of each Swing Line Advance, its Applicable Interest Rate, its Interest Period, if any, and the amount and date of any repayment made on any Swing Line Advance from time to time. The entries made in such account or accounts of Swing Line Lender shall be prima facie evidence, absent manifest error, of the existence and amounts of the obligations of the Borrower therein recorded; provided, however, that the failure of Swing Line Lender to maintain such account, as applicable, or any error therein, shall not in any manner affect the obligation of the Borrower to repay the Swing Line Advances (and all other amounts owing with respect thereto) in accordance with the terms of this Agreement.

  • Accrual of Dividends For all Accounts, dividends will begin to accrue on noncash deposits (e.g., checks) on the business day you make the deposit to Your Account.

  • Accrual of Annual Leave (1). Full-time employees appointed for more than nine (9) months, except employees on academic year appointments, shall accrue annual leave at the rate of 6.769 hours biweekly or 14.667 hours per month (or a number of hours that is directly proportionate to the number of days worked during less than a full-pay period for full-time employees), and the hours accrued shall be credited at the conclusion of each pay period or, upon termination, at the effective date of termination. Employees may accrue annual leave in excess of the year end maximum during a calendar year. Employees with accrued annual leave in excess of the year end maximum as of December 31, shall have any excess converted to sick leave on an hour-for-hour basis on January 1 of each year.

  • Accrual of Seniority Seniority shall accrue during:

  • Apportionment, Application and Reversal of Payments Principal and interest payments shall be apportioned ratably among the Lenders (according to the unpaid principal balance of the Loans to which such payments relate held by each Lender) and payments of the fees shall, as applicable, be apportioned ratably among the Lenders. All payments shall be remitted to the Agent and all such payments not relating to principal or interest of specific Loans, or not constituting payment of specific fees, and all proceeds of Accounts or other Collateral received by the Agent, shall be applied, ratably, subject to the provisions of this Agreement, first, to pay any fees, indemnities or expense reimbursements then due to the Agent from the Borrower; second, to pay any fees or expense reimbursements then due to the Lenders from the Borrower; third, to pay interest due in respect of all Revolving Loans, including Non-Ratable Loans and Protective Advances; fourth, to pay or prepay principal of the Non-Ratable Loans and Protective Advances; fifth, to pay or prepay principal of the Revolving Loans (other than Non-Ratable Loans and Protective Advances) and sixth, to the payment of any other Obligation including any amounts relating to Bank Products due to the Agent or any Lender or any of their Affiliates by the Borrower. Notwithstanding anything to the contrary contained in this Agreement, unless so directed by the Borrower, or unless an Event of Default has occurred and is continuing, neither the Agent nor any Lender shall apply any payments which it receives to any LIBOR Revolving Loan, except (a) on the expiration date of the Interest Period applicable to any such LIBOR Rate Loan, or (b) in the event, and only to the extent, that there are no outstanding Base Rate Revolving Loans. The Agent shall promptly distribute to each Lender, pursuant to the applicable wire transfer instructions received from each Lender in writing, such funds as it may be entitled to receive, subject to a Settlement delay as provided for in Section 2.2(j). The Agent and the Lenders shall have the continuing and exclusive right to apply and reverse and reapply any and all such proceeds and payments to any portion of the Obligations.

  • Accrual of Sick Leave a. A full-time employee shall accrue four (4) hours of sick leave for each biweekly pay period, or the number of hours that are directly proportionate to the number of days worked during less than a full-pay period, without limitation as to the total number of hours that may be accrued.

  • Maintenance of Perfected Security Interest; Further Documentation (a) Such Grantor shall maintain the security interest created by this Agreement as a perfected security interest having at least the priority described in Section 4.3 and shall defend such security interest against the claims and demands of all Persons whomsoever.

  • Maintenance of Permits Seller shall make commercially reasonable efforts to maintain in existence all licenses, permits and approvals that are now in existence with respect to, and are required for, the ownership, operation or improvement of the Property, and are of a continuing nature.

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