Continuation Notice Clause Samples

Continuation Notice. (a) Subject to Section 2.15 (Increased Costs; Capital Adequacy) and so long as no Default or Event of Default shall have occurred and then be continuing, the Borrower shall have the option: (i) to convert at any time all or any part of any First Priority Term Loan equal to $5,000,000 and integral multiples of $1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a LIBOR Rate Loan may only be converted on the expiration of the Interest Period applicable to such LIBOR Rate Loan unless the Borrower shall pay all amounts due under Section 2.14 (Making or Maintaining First Priority Term Loans) in connection with any such conversion; or (ii) upon the expiration of any Interest Period applicable to any LIBOR Rate Loan, to continue all or any portion of such First Priority Term Loan equal to $5,000,000 and integral multiples of $1,000,000 in excess of that amount as a LIBOR Rate Loan. (b) The Borrower shall deliver a Continuation Notice to the Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a LIBOR Rate Loan). Except as otherwise provided herein, a Continuation Notice for conversion to, or continuation of, any LIBOR Rate Loans shall be irrevocable on and after the related Interest Rate Determination Date, and the Borrower shall be bound to effect a conversion or continuation in accordance therewith. In the event that the Borrower shall have failed to provide a Continuation Notice as required by this Section 2.06(b) to continue any LIBOR Rate Loan into a subsequent Interest Period (and shall not otherwise have given notice in accordance with this Section 2.06(b) to convert such LIBOR Rate Loan into a Base Rate Loan), then such LIBOR Rate Loan shall, at the end of the applicable Interest Period, automatically be converted into a Base Rate Loan. (c) Any Continuation Notice shall be executed by an Officer of the Borrower in a writing delivered to the Administrative Agent. In lieu of delivering a written notice, the Borrower may give the Administrative Agent telephonic notice by the required time of any continuation; provided each such notice shall be promptly confirmed in writing by delivery of the applicable Continuation Notice to the Administrative Ag...

Continuation Notice. (a) Subject to Section 2.1.15 and so long as no Event of Default shall have occurred and then be continuing, the Borrower shall have the option: (i) to convert at any time all or any part of any Loan equal to $1,000,000 and integral multiples of $100,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a LIBOR Rate Loan may only be converted on the expiration of the Interest Period applicable to such LIBOR Rate Loan unless the Borrower shall pay all amounts due under Section 2.1.12 (b) in connection with any such conversion; or

Continuation Notice. If Buyer desires not to terminate this Agreement at the expiration of the Inspection Period, Buyer shall give written notice of such election (a "Continuation Notice") to Seller and the Title Company prior to the expiration of the Inspection Period.

Continuation Notice. The Company shall deliver a Continuation Notice to the Administrative Agent no later than 11:00 a.m. (New York City time) at least three Business Days in advance of the applicable Interest Period; provided, however, that in no event shall failure to deliver such Continuation Notice constitute a default hereunder. If the Company fails to deliver a Continuation Notice in accordance with the foregoing, the Company shall be deemed to have selected an Interest Period of one month. Except as otherwise provided herein, a Continuation Notice shall be irrevocable on and after the related Interest Rate Determination Date, and the Company shall be bound to effect a continuation in accordance therewith.

Continuation Notice. Upon a timely request of any Lender, Trustee shall deliver to the Lender making such request, not more than five and not less than three Business Days prior to the commencement of each Interest Period an irrevocable written notice confirming that all Loans outstanding at such time (subject to prepayment or partial prepayment as provided in the Operative Documents) shall be continued as LIBO Rate Loans (subject to such rate changing to the Alternate Base Rate as provided in the Operative Documents) at the Interest Rate to be determined by the Administrative Agent two Business Days prior to the commencement of the Interest Period.

Continuation Notice. (a) At any time prior to expiration of the Development Period, Gilead shall have the right to deliver a written notice to ▇▇▇▇▇ that it desires to continue the further Development and other Exploitation of IL-12 Molecules and IL-12 Products (the “Continuation Notice”) in accordance with Section 15.5, in which case Xilio will provide an invoice to Gilead for the Continuation Fee within [**] after ▇▇▇▇▇’s receipt of the Continuation Notice, and Gilead shall pay to ▇▇▇▇▇ the non-refundable and non-creditable Continuation Fee within [**] after the receipt of such invoice. (b) From and after the Continuation Date, subject to the terms of this Agreement, including Section 4.3.3, Gilead shall have sole control of the Development, Manufacture, Commercialization and Exploitation of all IL-12 Molecules and IL-12 Products and, subject to ▇▇▇▇▇’s performance of the Xilio Ongoing Activities, shall have the right to perform all global Development, Manufacture and Commercialization of the IL-12 Molecules and IL-12 Products thereafter.

Continuation Notice. If Micromet decides to continue the development or Commercialization of Collaboration Products under Section 6.1.1 or Section 18.1.1, it will provide MedImmune with written notice of such decision (the “Continuation Notice”) within [***] after receipt of the notice from MedImmune under Section 6.1.1, or within [***] after the effective date of termination in the entirety of MedImmune’s licenses under this Agreement, as applicable. During such [***] period, MedImmune will make available to Micromet all data and information relating to such product generated by or on behalf of MedImmune in the performance of the applicable Research Plan and Development Plan, other than MedImmune Process Technology, as may be reasonably requested by Micromet to determine its interest in such Collaboration Products.

Continuation Notice. This Amendment shall constitute Purchaser’s Continuation Notice pursuant to Section 9(a) of the Agreement.