Continuation Option Sample Clauses
Continuation Option. A Member no longer eligible for coverage (except in the event of termination for cause, as set forth in Subsection E.) may continue coverage for a period of up to 3 months subject to notification to and self- payment of premiums to the Group. This provision will not apply if the Member is eligible for the continuation coverage provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). This continuation option is not available if the Group no longer has active employees or otherwise terminates.
Continuation Option. (a) [Reserved].
(b) Any Loan may be continued as such upon the expiration of the then current Interest Period with respect thereto by the Borrower giving irrevocable notice of a continuation request in the form of Exhibit I hereto to the Administrative Agent, in accordance with the applicable provisions of the term “Interest Period” set forth in Section 1.1, of the length of the next Interest Period to be applicable to such Loans, such notice to be signed by a Financial Officer and delivered per both fax and e-mail in accordance with Section 11.2 and received by the Administrative Agent prior to 7:00 P.M., Pacific Standard Time on the Business Day prior to the expiry of the then current Interest Period; provided that no Loan may be continued as such when any Event of Default has occurred and is continuing and the Administrative Agent has or the Required Lenders have determined in its or their sole discretion not to permit such continuations, and provided, further, that if the Borrower shall fail to give any required notice as described above in this paragraph or if such continuation is not permitted pursuant to the preceding proviso then the Borrower shall be deemed to have submitted a continuation request for a new Interest Period of one week and the relevant Loan shall be continued for a period of one week at the corresponding Eurodollar Rate upon the expiration of the then current Interest Period and, unless the required notice of continuation is given prior to the expiration of such one week period in accordance with this paragraph, shall be due and payable on the last day of such one week period. Upon receipt of any such notice, the Administrative Agent shall promptly notify each relevant Lender thereof.
Continuation Option. (a) Borrower may irrevocably request a Continuation of Loans on any Business Day in a Minimum Amount therefor by delivering a Request for Extension of Credit therefor by Requisite Notice to Administrative Agent not later than the Requisite Time therefor.
(b) Unless Borrower pays all amounts due under Section 3.05, if any, a Eurodollar Rate Loan may be Continued only on the last day of the Interest Period for such Eurodollar Rate Loan.
(c) Administrative Agent shall promptly notify Borrower and Lenders of the interest rate applicable to any Eurodollar Rate Loan upon determination of the same.
Continuation Option. 9.1.1 In the event of an Employee reaching Normal Retirement Age and the Employee is still actively at work after the Normal Retirement Age, the Employee shall have an option to continue with cover, and cover shall continue until Employee attains the Cover Termination Age of 70 (seventy) years.
Continuation Option. (a) The Borrower may elect at the end of any applicable Interest Period to continue any Eurocurrency Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurocurrency Loans continued for each Interest Period must be in the amount of at least the Euro Equivalent of €1,000,000 or an integral multiple of €500,000 in excess CREDIT AGREEMENT FMC FINANCE B.V.
Continuation Option. This option applies for death and TPD cover for regular employees. Refer to section 6 of the PDS Part B for more information.
Continuation Option. (a) The Borrower may elect at the end of any applicable Interest Period to continue any Eurocurrency Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurocurrency Loans continued for each Interest Period must be in the amount of at least the Euro Equivalent of €5,000,000 or an integral multiple of €1,000,000 in excess thereof. Each continuation shall be allocated among the Loans of each Lender in accordance with such Lender’s Ratable Portion. Subject to clause (b) below, each such election shall be in substantially the form of Exhibit D (Form of Notice of Continuation) (a “Notice of Continuation”) and shall be made by giving the Administrative Agent at least three Business Days’ prior written notice specifying the amount and type of Loan being continued and (B) the applicable Interest Period.
(b) The Administrative Agent shall promptly notify each Lender of its receipt of a Notice of Continuation and of the options selected therein. Notwithstanding the foregoing, no continuation in whole or in part of Eurocurrency Rate Loans upon the expiration of any applicable Interest Period, shall be permitted at any time at which (A) a Default or an Event of Default shall have occurred and be continuing or (B) the continuation of a Eurocurrency Rate Loan would violate any provision of Section 2.12 (
Continuation Option. This option applies for death and TPD cover. Refer to section 6 of the PDS Part B for more information. Group Life insurance policy with policy number 6096663 issued by Zurich Australia Limited (ABN 92 000 010 195). 1 May 2022 to 30 April 2025 The policy owner and MetLife agree that under this policy, the following Special Conditions will apply:
Continuation Option. Prior to the termination of each CD Interest Period or Eurodollar Interest Period, Borrower may give the Bank a Conversion/Continuation Notice electing to continue all or part of the loan related thereto as the same type of loan upon the expiration of such CD Interest Period or Eurodollar Interest Period. Such Conversion/Continuation Notice shall be given to Bank at least three (3) Eurodollar Business Days prior to the termination of such Eurodollar Interest Period and at least two (2) Business Days prior to the termination of such CD Interest Period and shall specify the length of the succeeding CD Interest Period or Eurodollar Interest Period, as the case may be (subject to the provisions of the definitions of such term), selected by Borrower with respect to such portion. If no Conversion/Continuation Notice is given with respect to all or any portion of a Loan, Borrower shall be deemed to have elected to reborrow such portion of the Loan as a Base Rate Loan.
Continuation Option. (i) Any Loan may be continued as such upon the expiration of the then current Interest Period with respect thereto by ▇▇▇▇▇▇▇▇ giving irrevocable notice to Administrative Agent, in accordance with the applicable provisions of the term “Interest Period” set forth in Exhibit A, of the length of the next Interest Period to be applicable to such Loan. Upon receipt of any such notice, Administrative Agent shall promptly notify each relevant Lender thereof. If ▇▇▇▇▇▇▇▇ fails to give any required notice as described above in this paragraph with respect to a Borrowing prior to the end of the Interest Period therefor, then, unless such Borrowing is repaid as provided herein, Borrower shall be deemed to have selected that such Borrowing shall automatically be continued as a Borrowing with an Interest Period of one month.