Delay of Closing Date. On a monthly basis, the Investor will review its position and will have the right to delay the Closing Date in relation to the Second Accelerated Notes Tranche, Third Accelerated Notes Tranche and the Fourth Accelerated Notes Tranche. The Investor will explain the reasons for the delay of the Closing Date to the Issuer along with the criteria which needs to be met in order to agree on a revised Closing Date in relation to the Second Accelerated Notes Tranche, Third Accelerated Notes Tranche and Fourth Accelerated Notes Tranche.
Delay of Closing Date. In the event that Helenville will have statutorily sufficient reinsurance on January 1, 2024 for the 2024 calendar year, the parties agree to cooperate in good faith to delay the Merger until January 1, 2025 (or such earlier date as agreed to by the parties in writing), and to consummate the Merger on the terms and conditions of this Agreement no later than January 1, 2025 (except that the Effective Time and Closing Date under this Agreement shall be automatically amended to reflect the new closing date and effective time of the Merger). In the event the Merger is not consummated on the original Closing Date, and the parties do not otherwise consummate the Merger on or before January 1, 2025, Helenville shall pay to Central Wisconsin a an additional termination fee of $50,000 to compensate Central Wisconsin for its time, effort, costs, and opportunity costs, unless the failure to consummate the Merger on or before January 1, 2025 is a result of Central Wisconsin’s or its policyholders’, or the Commissioner’s failure to approve the Merger, or Central Wisconsin’s breach of the Agreement.
Delay of Closing Date. If ACE does not receive a Section 9(a)(1) order by the last day of the term of the Lease, July 11, 1998, on that date ACE may, upon written notice, both extend the Closing Date to a date not later than the Extended Date (as hereinafter defined) and extend the term of the Lease to such date. During any such extended term of the Lease, rent shall be equal to $10,000.00 per diem, payable upon the expiration of the extended term of the Lease, and the Casualty Value for the Units under the Lease shall be equal to the Purchase Price. If, and only if, ACE purchases the Units as contemplated in this Agreement upon the expiration of such extended term of the Lease, Seller shall extend a credit to ACE, solely against ACE's obligations to pay Seller rent with respect to such extended term of the Lease, equal to 60.80% of
Delay of Closing Date. If Buyer does not receive a Section 9(a)(1) Order by the last day of the term of the Lease, July 2, 1999, on that date Buyer may, upon written notice, both extend the Closing Date to a date not later than the Extended Date (as hereinafter defined) and extend the term of the Lease to such date. During any such extended term of the Lease, rent shall be equal to $3,000.00 per diem for days in July, August, and September and $6,000 per diem for days in October, November, and December, payable upon the expiration of the extended term of the Lease, and the Casualty Value for the Units under the Lease shall be equal to $8,300,000. In the event the closing does not occur on the Extended Date, this Purchase Agreement shall be terminated automatically, at no cost or obligation to Seller. In the event of termination pursuant to this section, Seller shall be entitled to all rent payable for all days up to and including the day when the written notice of termination was given.
Delay of Closing Date. On a monthly basis, the Investor will review its position and will have the right to delay the Closing Date in relation to the Second Accelerated Notes Tranche, Third Accelerated Notes Tranche, the Fourth Accelerated Notes Tranche and any Additional Accelerated Notes Tranches. The Investor will explain the reasons for the delay of the Closing Date to the Issuer along with the criteria which needs to be met in order to agree on a revised Closing Date in relation to the Second Accelerated Notes Tranche, Third Accelerated Notes Tranche, Fourth Accelerated Notes Tranche, Fifth Accelerated Notes Tranche, Sixth Accelerated Notes Tranche, Seventh Accelerated Notes Tranche, Eighth Accelerated Notes Tranche, Ninth Accelerated Notes Tranche, Tenth Accelerated Notes Tranche, Eleventh Accelerated Notes Tranche and any Additional Accelerated Notes Tranches. Further, if the Investor’s custodian refuses to accept receipt of the shares for future conversions, the Investor shall not be obligated to purchase any additional Notes.
