Addition to Principal Sample Clauses

Addition to Principal. Subject to right of the Borrowers to pay the PIK Amount (as defined below) in cash pursuant to Section 2.2(b) hereof, on each Payment Date (as defined in Section 3.1(a)), the then outstanding principal balance of this Note shall be increased by an amount (the “PIK Amount”) equal to the difference between (i) interest accrued at the Accrual Rate (A) in the case of the first Payment Date, during the period from the date hereof until the first Payment Date and (B) in the case of each Payment Date thereafter, during the period from the immediately preceding Payment Date to but not including the then current Payment Date, and (ii) interest accrued at the Pay Rate (A) in the case of the first Payment Date, during the period from the date hereof until the first Payment Date and (B) in case of each Payment Date thereafter, during the period from the immediately preceding Payment Date to but not including the then current Payment Date.
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Addition to Principal. Subject to the right of the Maker to pay the PIK Amount (as defined below) in cash pursuant to Section 2.2(b) hereof, on each anniversary of [ ]2 (each, an “Accrual Date”), the outstanding principal balance of this Note shall be 1 For each applicable Earn Out Period, insert date in which interest shall accrue as provided in Section 2.1(c)(i) of the SPA. 2 Insert date from Section 2.1 of this Note. increased by an amount (the “PIK Amount”) equal to the interest that has accrued during the period from (i) in the case of the first Accrual Date, [ ]3 to but not including the first Accrual Date and (ii) in the case of each Accrual Date thereafter, the immediately preceding Accrual Date to but not including the then current Accrual Date.
Sample 1

Related to Addition to Principal

  • Limitation to Preserve REIT Status To the extent that any amount paid or credited to the General Partner or its officers, directors, employees or agents pursuant to Section 7.4 or 7.7 would constitute gross income to the General Partner for purposes of Sections 856(c)(2) or 856(c)(3) of the Code (a "General Partner Payment") then, notwithstanding any other provision of this Agreement, the amount of such General Partner Payments for any fiscal year shall not exceed the lesser of:

  • Authorization to Proceed A fully executed and approved authorization in the form of Attachment 6 to this Agreement, Authorization to Proceed (“ATP”) accompanied by an executed purchase order document issued by the Owner to the Project Consultant, authorizing the performance of specific professional services, authorizing commencement of a Phase as defined in Article 2.1 through Article 2.8, and stating the time for completion and the amount of fee authorized for such services.

  • Consideration to the Company In consideration of the grant of the Option by the Company, the Participant agrees to render faithful and efficient services to the Company or any Subsidiary. Nothing in the Plan or this Agreement shall confer upon the Participant any right to continue in the employ or service of the Company or any Subsidiary or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries, which rights are hereby expressly reserved, to discharge or terminate the services of the Participant at any time for any reason whatsoever, with or without Cause, except to the extent expressly provided otherwise in a written agreement between the Company or a Subsidiary and the Participant.

  • Notification to Union The Hospital will provide the union with a list, monthly of all hirings, lay-offs, recalls and terminations within the bargaining unit where such information is available or becomes readily available through the Hospital's payroll system."

  • Compensation to the Sub-Adviser For the services to be provided by the Sub-Adviser pursuant to this Agreement, the Adviser will pay the Sub-Adviser, and the Sub-Adviser agrees to accept as full compensation therefor, a sub-advisory fee at the rate specified in Schedule B which is attached hereto and made part of this Agreement. The fee will be calculated based on the average daily value of the Assets under the Sub-Adviser's management and will be paid to the Sub-Adviser monthly. Except as may otherwise be prohibited by law or regulation (including any then current SEC staff interpretation), the Sub-Adviser may, in its discretion and from time to time, waive a portion of its fee.

  • Obligation to Provide Information Each party’s obligation to provide information shall be as follows:

  • Notification to Holders Upon termination of the Master Servicer or appointment of a successor to the Master Servicer, in each case as provided herein, the Trustee shall promptly mail notice thereof by first class mail to the Securities Administrator and the Certificateholders at their respective addresses appearing on the Certificate Register. The Trustee shall also, within 45 days after the occurrence of any Event of Default known to the Trustee, give written notice thereof to the Securities Administrator and the Certificateholders, unless such Event of Default shall have been cured or waived prior to the issuance of such notice and within such 45-day period.

  • Confirmation to the Company If acting as sales agent hereunder, the Agent will provide written confirmation to the Company no later than the opening of the Trading Day next following the Trading Day on which it has placed Shares hereunder setting forth the number of shares sold on such Trading Day, the corresponding Sales Price and the Issuance Price payable to the Company in respect thereof.

  • Relation to Plan This Agreement is subject to the terms and conditions of the Plan. In the event of any inconsistent provisions between this Agreement and the Plan, the Plan shall govern. The Board acting pursuant to the Plan, as constituted from time to time, shall, except as expressly provided otherwise herein, have the right to determine any questions which arise in connection with the Option or its exercise.

  • Additional Information to be Furnished to the Issuing Entity The Administrator shall furnish to the Issuing Entity from time to time such additional information regarding the Collateral as the Issuing Entity shall reasonably request.

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