Contingent Facility Sample Clauses

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Contingent Facility. There is hereby established a revolving credit facility pursuant to which the Borrower may request and the Bank may make additional revolving credit loam to the Borrower in amounts, not to exceed, in the aggregate outstanding at any one time, $3,300,000, on the terms and conditions set forth herein with respect to Revolving Credit Loans (the "Contingent Facility"). No amount of the Contingent Facility shall be available for borrowing except as specified herein. The Borrower may, from time to time during the Commitment Period, by not less than ten (10) Business Days' written notice to the Bank, request that the Contingent Facility (or a portion thereof in minimum increments of $1,000,000) be converted to and become a part of the Revolving Credit Commitment. Upon such request and upon (i) the payment by the Borrower to the Bank of an activation fee of 1/8% (0.125%) of the amount to be so converted, and (11) the delivery to the Bank, in form reasonably satisfactory to the Bank, of (A) an amended Revolving Credit Note evidencing the increase in the amount of the Revolving Credit Commitment, (B)such other documentation related thereto as the Bank shall reasonably require, the Contingent Facility or such portion thereof specified by the Borrower shall be converted into and become a part of the Revolving Credit Commitment and the Revolving Credit Commitment shall be increased by the amount of the Contingent Facility so converted. (d) Section 6.1 of the Agreement is hereby amended by the deletion of paragraph (d) thereof. (e) Section 6 of the Agreement is hereby amended to add a new Section 6.17, to read, in its entirety, as follows:
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Contingent Facility 
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Related to Contingent Facility

  • CONTINGENT FEE AGREEMENT A. The Attorneys shall advance all expenses in the Litigation. The Client is not liable to pay any of the expenses of the Litigation, whether attorneys' fees or costs. Recovery of costs and other expenses is contingent upon a recovery being obtained. If no recovery is obtained, Client will owe nothing for costs and other expenses. In the event that an order is entered awarding costs and expenses in favor of defendants, Attorneys will be responsible for such costs and expenses, not the Client. B. If there is a recovery in the Litigation, whether by settlement or judgment, the Attorneys shall be compensated via payment of a reasonable percentage of any recovery as approved by the Court, which amount shall include attorneys’ fees plus reasonable disbursements in the Litigation. “Disbursements” shall include, but not be limited to, costs of travel, telephone, copying, fax transmission, depositions, investigators, messengers, mediation expenses, computer research fees, court fees, expert fees, other consultation fees and paralegal expenses. Any recovery in the Litigation shall first be used to reimburse disbursements.

  • CONTINGENT FEE CONSULTANT warrants, by execution of this contract that no person or selling agency has been employed, or retained, to solicit or secure this contract upon an agreement or understanding, for a commission, percentage, brokerage, or contingent fee, excepting bona fide employees, or bona fide established commercial or selling agencies maintained by CONSULTANT for the purpose of securing business. For breach or violation of this warranty, LOCAL AGENCY has the right to annul this contract without liability; pay only for the value of the work actually performed, or in its discretion to deduct from the contract price or consideration, or otherwise recover the full amount of such commission, percentage, brokerage, or contingent fee.

  • CONTINGENT FEES Contractor represents and warrants that no person or selling agent has been employed or retained to solicit or secure this Contract upon an agreement or understanding for a commission, percentage, brokerage, or contingent fee, excepting bona fide employees or bona fide established agents as defined in the Federal Acquisition Regulations.

  • CONTINGENT FUNDING 12 1. Any obligation of COUNTY under this Agreement is contingent upon the following: 13 a. The continued availability of federal, state and county funds for reimbursement of 14 COUNTY’s expenditures, and 15 b. Inclusion of sufficient funding for the services hereunder in the applicable budget(s) 16 approved by the Board of Supervisors. 17 2. In the event such funding is subsequently reduced or terminated, COUNTY may suspend, 18 terminate or renegotiate this Agreement upon thirty (30) calendar days’ written notice given

  • Laundry Facilities Washers and dryers are installed in each apartment for the exclusive use of students in the apartment. Any other use is prohibited. The use of washers and dryers are free. LINEN: Brighton provides a mattress cover on all mattresses. Students need to bring their own bedding. All beds are regular twin size. The typical cost for replacing a mattress cover is $25.00. MAINTENANCE: Students are responsible to notify the manager in writing as soon as possible if they notice anything in an apartment that requires repair work or maintenance. See “Property Conditions” section 12 of the BYU-Idaho Student Landlord Housing Contract.