COMMENCEMENT; CONDITIONS. The Applicable LIBOR Percentage and Applicable Prime Rate Percentage shall each be adjusted as herein specified as of the first day of the Commitment Period and thereafter as of each Interest Adjustment Date, commencing with the Interest Adjustment Date on June 1, 2021, by reference to (A) the financial statements required by Section 8.1(a) or Section 8.1(b) for the period ending as of the Interest Determination Date for such Interest Adjustment Date and (B) a certificate complying with Section 8.l(c)(ii) certifying the Net Leverage Ratio as of such Interest Determination Date.
COMMENCEMENT; CONDITIONS. So long as no Event of Default shall have occurred which has not been waived in accordance with Section 13.1 of this Agreement, the Revolving Credit Alternate Base Rate Margin and the Revolving Credit LIBOR Margin, as the case may be, shall be as herein specified as of the Restatement Date and thereafter adjusted as of the first Business Day of April, June, September, and December occurring during any Fiscal Year, commencing on June 1, 2003 (each such date being herein referred to as a "Margin Adjustment Date"), so long as prior to each such Margin Adjustment Date the Administrative Agent shall have received: (A) the financial statements required by Section 6.1(a) for the Fiscal Quarter ending immediately prior to such Margin Adjustment Date, or where the Fiscal Quarter ending immediately prior to such Margin Adjustment Date is a Fiscal Year end, the financial statements required by Section 6.1(b) for such Fiscal Year ending immediately prior to such Margin Adjustment Date (each such Fiscal Quarter End and Fiscal Year end, a "Margin Determination Date") and (B) a certificate complying with Section 6.1(c) hereof certifying International's and its Subsidiaries' Consolidated Funded Debt to EBITDA Ratio for the Cumulative Four Quarter Period ending on each such date, beginning with the receipt of the March 31, 2003 required financial statement and certificate.
COMMENCEMENT; CONDITIONS. The Applicable LIBORTerm SOFR Rate Percentage and Applicable Prime Rate Percentage shall each be adjusted as herein specified as of the first day of the Commitment Period and thereafter as of each Interest Adjustment Date, commencing with the Interest Adjustment Date on June 1, 2021, by reference to (A) the financial statements required by Section 8.1(a) or Section 8.1(b) for the period ending as of the Interest Determination Date for such Interest Adjustment Date and (B) a certificate complying with Section 8.l(c)(ii) certifying the Net Leverage Ratio as of such Interest Determination Date.
COMMENCEMENT; CONDITIONS. So long as no Event of Default shall have occurred which has not been waived in writing by all of the Banks, the Applicable LIBOR Margin shall be calculated as herein specified as of the Closing Date and effective as of the first day of the Fiscal Quarter (each an "Margin Adjustment Date") during which the Agent shall have received (A) financial statements required by Sections 0, 0 or 0, as the case may be, for the period ending as of the last day of the Fiscal Quarter or Fiscal Year immediately preceding such Margin Adjustment Date (each a "Determination Date") and (B) a certificate complying with Section 0 certifying the Borrower's Consolidated Funded Debt to EBITDA Ratio as of any such Determination Date.
COMMENCEMENT; CONDITIONS. So long as no Event of Default shall have occurred which is continuing and has not been waived in accordance with Section 15.1 hereof, the Applicable Margin shall be calculated as herein specified as of the Closing Date and as of the first day of each calendar month commencing on and after the Administrative Agent shall have received the Borrower's annual audited financial statements for Fiscal Year ending December 31, 2001 (each such date, a "Margin Adjustment Date"), based upon the average Excess Availability for the Fiscal Month immediately preceding such Margin Adjustment Date; PROVIDED, HOWEVER, that, on each such Margin Adjustment Date, the Administrative Agent shall have received a certificate complying with Section 8.1(d)(iv) hereof certifying that, as of such Margin Adjustment Date, all accounts payable of the Borrower and the Subsidiary Guarantors are being paid on a timely basis consistent with past practices and within stated terms (except to the extent other arrangements are consistent with past practices) and EXCEPT where the Borrower or Subsidiary Guarantor is in good faith exercising set off rights as to such Account or alleging a dispute with respect to such Account.
COMMENCEMENT; CONDITIONS. Commencement of the prefabricated load bearing stressed skin panels with wood– GREEN PANEL SIP shall be made in compliance with the manufacturer’s recommendations and the execution design. Upon commencement, there will be verified: - if the panels fixing anchors onto the foundation base plate were gripped; - if the panels were mounted according to the shop drawings, especially within the joinery gaps area; - the panels fixing method; - the smoothness, verticality and dimensions of the panel joints; - application of the protection and finishing layers on panel faces. Upon works execution there will be taken preventive measures against products humidification, both during transportation, storage, handling and during the application process. Upon commencement there will be considered the provisions in the following Romanian technical documents: - C 300-94 “Normative deed for fire prevention and extinction during construction works and afferent installations execution”; - “Regulation on labor protection in constructions”;
COMMENCEMENT; CONDITIONS. 7.1 Subject to compliance with the Merger Rules, the Offeror shall make the Offer (het bod uitbrengen) as soon as reasonably practicable, but in any event within five (5) Business Days (the "Ultimate Launch Date") after the satisfaction or waiver by the Offeror and/or the Company, as the case may be, of the conditions precedent (opschortende voorwaarden) set out in Schedule 5 (Commencement Conditions) (the "Commencement Conditions"), and the date on which the Offeror shall make the Offer being the "Commencement Date"). For the avoidance of doubt, the Offeror's obligation to make the Offer (het bod uitbrengen) pursuant to this Clause 7.1 is subject to the Commencement Conditions still being satisfied on the Commencement Date.
COMMENCEMENT; CONDITIONS. So long as no Event of Default shall have occurred which has not been waived in accordance with Section 13.1 of this Agreement:
COMMENCEMENT; CONDITIONS. 4.1 The obligation of BidCo to make the Offer (het bod uitbrengen) shall be subject to the satisfaction or waiver, as the case may be, in accordance with this Merger Protocol, of the conditions set forth in this Clause 4.1 (the Commencement Conditions):
COMMENCEMENT; CONDITIONS. So long as no Event of Default shall have occurred which has not been waived in writing by all of the Lenders, the Applicable Margin shall be calculated as of the first day of each May and November of each Fiscal Year (each such date being herein referred to as a "Margin Adjustment Date"), commencing on May 1, 1999 (or as soon as practicable thereafter but not later than thirty (30) days after receipt of the financial statements herein required), for the rolling twelve (12) month period ending as of the last day of each March and September immediately preceding each such Margin Adjustment Date (each, a "Margin Determination Date"), so long as prior to each such Margin Adjustment Date the Agent shall have received the financial statements required by Sections 8.1(a) and 8.1(b) for the period ending as of the Margin Determination Date immediately preceding such Margin Adjustment Date.
