Extension Procedures Sample Clauses

Extension Procedures. Each extension of the Maturity Date contemplated by Section 2.18.1 shall become effective on the date (an “Extension Effective Date”) on which the following conditions precedent have been satisfied: (a) Administrative Agent shall have received the written notice referred to in Section 2.18.1 and (b) Prologis shall have paid to Administrative Agent, for the benefit of each Lender, an extension fee in an amount equal to 0.125% times such Lender’s Commitment, and Administrative Agent shall promptly remit such extension fee to each Lender upon receipt thereof; provided that if an Event of Default has occurred and is continuing on the date on which such conditions are satisfied with respect to a proposed extension, the Extension Effective Date for such extension shall be the first date thereafter, if any, on or before the then-applicable Maturity Date on which no Event of Default is continuing. Upon the satisfaction of the conditions precedent set forth in this Section 2.18.2 and the occurrence of an Extension Effective Date, Administrative Agent shall promptly confirm to Prologis and the Lenders such extension and such Extension Effective Date.
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Extension Procedures. Each extension of the Maturity Date contemplated by Section 6.10.1 shall become effective on the date (an “Extension Effective Date”) on which the following conditions precedent have been satisfied: (a) Global Administrative Agent shall have received the written notice referred to in Section 6.10.1 and (b) Prologis shall have paid to Global Administrative Agent, for the benefit of each Lender, an extension fee in an amount equal to 0.0625% times such Lender’s Commitment, and Global Administrative Agent shall promptly remit such extension fee to each Lender upon receipt thereof; provided that if an Event of Default has occurred and is continuing on the date on which such conditions are satisfied with respect to a proposed extension, the Extension Effective Date for such extension shall be the first date thereafter, if any, on or before the then-applicable Maturity Date on which no Event of Default is continuing. Upon the satisfaction of the conditions precedent set forth in this Section 6.10.2 and the occurrence of an Extension Effective Date, Global Administrative Agent shall promptly confirm to Prologis and the Lenders such extension and such Extension Effective Date. The extension fee described above shall be payable in (i) Dollars with respect to U.S. Commitments, (ii) Dollars or, at Prologis’ option, Euros with respect to Euro Commitments, and (iii) Dollars or, at Prologis’ option, the applicable Primary Currency with respect to any Supplemental Commitments.
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Extension Procedures. The Commitment of each Lender, and this Agreement as between such Lender and the Borrower, may be extended for one period of one year upon mutual agreement of such Lender and the Borrower in the manner provided in this Section 2.17, to the effect that the Termination Date with respect to such Lender for all purposes under this Agreement and the Notes shall be extended by one year to April 20, 2001. The request for such an extension shall be made by the Borrower in writing and delivered to the Agent no later than 60 days but not sooner than 90 days prior to the second anniversary of this Agreement. Promptly following the Agent's receipt of any such request, the Agent shall notify each Lender thereof. Each Lender may, in its sole discretion, agree to such extension by giving written notice of such agreement to the Agent and the Borrower within 30 days following the Borrower's request for such extension (each Lender which so consents to a requested extension is herein called a "Consenting Lender" and each Lender which does not so consent to a requested extension is herein called a "Non-consenting Lender"). If any Lender fails to respond to any such request, such Lender shall be deemed to be a Non-consenting Lender. If Consenting Lenders hold 66 2/3% or more of the Aggregate Commitment, then the Termination Date of each Consenting Lender shall be so extended and the Termination Date of each Nonconsenting Lender, if any, shall remain unchanged. If Consenting Lenders hold less than 66 2/3% of the Aggregate commitment, then the termination date shall not be extended for any of the Lenders.
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Extension Procedures. Any extension of the Maturity Date contemplated by Section 6.11.1 shall become effective on the date (the “Extension Effective Date”) on which the following conditions precedent have been satisfied: (a) Administrative Agent shall have received the written notice referred to in Section 6.11.1 and (b) Prologis shall have paid to Administrative Agent, for the benefit of each Lender, an extension fee in an amount equal to 0.125% times such Lender’s Commitment, and Administrative Agent shall promptly remit such extension fee to each Lender upon receipt thereof; provided that if an Event of Default has occurred and is continuing on the date on which such conditions are satisfied, the Extension Effective Date shall be the first date thereafter, if any, on or before the then-current Maturity Date on which no Event of Default is continuing. Upon the satisfaction of the conditions precedent set forth in this Section 6.11.2 and the occurrence of the Extension Effective Date, Administrative Agent shall promptly confirm to Prologis and Lenders such extension and the Extension Effective Date. The extension fee described above shall be payable in (i) Dollars with respect to U.S. Commitments, (ii) Euros with respect to Euro Commitments, (iii) Yen with respect to Yen Commitments, and (iv) Sterling with respect to the Sterling Tranche.
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Extension Procedures. 25 2.17.2. Termination of Lenders . . . . . . . . . . . 25 2.17.3. Successor Lenders. . . . . . . . . . . . . . 26 3.1.
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Extension Procedures. The extension of the Maturity Date contemplated by Section 8.10.1 shall become effective on the date (the “Extension Effective Date”) on which the following conditions precedent have been satisfied: (a) Global Administrative Agent shall have received a certificate of ProLogis dated as of the Extension Effective Date (in sufficient copies for each Lender) signed by a Responsible Officer of ProLogis (i) providing evidence reasonably satisfactory to Global Administrative Agent that each Loan Party has taken all necessary action to authorize such extension and (ii) certifying that, before and after giving effect to such extension, (x) the representations and warranties contained in Article XI and the other Loan Documents are true and correct in all material respects on and as of the Extension Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except that for purposes of this Section 8.10, the representations and warranties contained in subsection (a) of Section 11.5 shall be deemed to refer to the most recent statements furnished pursuant to subsection (a) of Section 12.1, and (y) no Default exists before or after giving effect to such extension, and (b) Borrowers shall have paid to Global Administrative Agent, for the benefit of each Lender, an extension fee in an amount equal to 0.075% times such Lender’s Commitment, and Global Administrative Agent shall promptly remit such extension fee to each Lender upon receipt thereof. Upon the satisfaction of the conditions precedent set forth in this Section 8.10.2, Global Administrative Agent shall promptly confirm to Lenders such extension and the Extension Effective Date.
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Extension Procedures. If the Escrowed Property has not otherwise been released pursuant to Section 4 hereof prior to February 28, 2003 and the Company has delivered an FCC Approval Notice by February 28, 2003, then the Escrowed Property shall remain in escrow and the parties shall follow the procedures outlined in Section 4.1 and 4.2 hereof; provided, however, that after the delivery of a Certification Objection, if any, if the Bankruptcy Court determines that FCC Approval has not been received, then Leucadia shall provide the items described in Section 5.1 hereof and the Escrowed Property shall be released pursuant to Section 5.2 hereof and the stock cancelled pursuant to Section 5.4 hereof.
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Extension Procedures. As long as ITC is not then in breach of any material provision of this Agreement, ITC may extend the term of this Agreement beyond the Base Period, for up to four Option Periods, three option periods of 12 months each duration, and one option period of 17 months duration, beginning on the first day following the expiration date of the Base Period. In order to exercise the option, ITC must give Reseller preliminary notice, in writing, not less than sixty (60) days prior to the expiration date, of its intention to do so. Extension of the term of this Agreement will obligate ITC to pay the next required annual installment payment for Enterprise Lot Products, as described in Section 5.3 above, unless superseded as set forth below. If the Agency does not extend ITC's BPA, ITC must notify Reseller no later than three (3) business days after ITC's receipt of written notice from the Agency that Agency will not exercise the next option. If no written notice is received by ITC but Agency fails to timely exercise the Option and orally informs ITC that it will not exercise the option, ITC shall inform the Reseller in writing no later than three (3) business days after receipt of oral notification from the Agency. Such notice shall supersede ITC's preliminary extension notice, and this Agreement shall expire at midnight of the last day of the current Agreement Year, unless terminated earlier as provided herein. The "termination date" as referred to in paragraph 4.1.3 of this agreement, will be the last day of the current Agreement Year, whether or not this is specifically stated in ITC's Option Notification letter to the Reseller. If Agency does not timely exercise the Option due to lack of sufficient funds, but informs ITC of its intention to exercise the Option upon receipt of adequate funding, ITC shall provide the information to the Reseller in writing, no later than three (3) business days after receipt of the information from the Agency. In the event this situation occurs, the Agreement will not be deemed to be terminated. If Reseller does not receive notification from ITC of the Agency's intention not to extend or the Agency's intent to extend upon receipt of adequate funding, as provided above, the option extension will be deemed to be in effect and ITC must provide an invoice to the IRS with the Beyoxx.xxx xxxittance information for the annual installment within fifteen (15) business days after the first day of the first month of the Option Year, at which time...
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Related to Extension Procedures

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  • Auction Procedures (a) By 10:30 AM New York time on the fifth Business Day preceding the Auction Payment Date (the “Notice Date”), the Auction Administrator will deliver a notice (telephonically and by facsimile transmission) to Credit Suisse Securities (USA) LLC (“CSS”) (which form of notice is attached hereto as Exhibit A) and at least two other entities listed on Schedule A hereto (which Schedule A may be amended by delivery of a revised Schedule A by CSS to the Auction Administrator) or any successors thereof (together with CSS, the “Dealers”) selected by CSS by the Notice Date and request that they solicit bids from third-party investors, which may include Dealers (the “Bidders”). The Auction Administrator will contact the Dealers via Exhibit A and request that they solicit Qualifying Bids (as defined below) from the Bidders for the purchase of all or a portion of the Auction Notes, and will request that the Bidders respond to the Dealers, who in turn will convey such bids to the Auction Administrator, by 11:00 AM New York time on the second Business Day prior to the Auction Payment Date (the “Bid Date”). The Auction Administrator will instruct the Dealers to instruct the Bidders that (i) the bids must be submitted on an unconditional basis, (ii) the bids should be submitted as a percentage of par (after application of all principal to be distributed, and all Realized Losses and Recoveries to be allocated on the Auction Payment Date, and (iii) the price to be paid in connection with a winning bid must be deposited into the Auction Proceeds Account (as defined in Section 3(a) of this Agreement) not later than 11:00 AM New York time on the Auction Payment Date (any bid conforming to the requirements of clauses (i) - (iii) being a "Qualifying Bid"). The Auction Administrator will request from each Bidder, through the Dealers, instructions for transfer on the Auction Payment Date to the Bidder (or its designee) of the Auction Notes of each Class on which such Bidder is bidding in the event that such Bidder is the winning Bidder.

  • Selection Procedures In selecting the Loan Assets to be Pledged pursuant to this Agreement, no selection procedures were employed which are intended to be adverse to the interests of the Lenders.

  • Election Procedures Each holder of record of shares of Company Common Stock (“Holder”) shall have the right, subject to the limitations set forth in this Article II, to submit an election in accordance with the following procedures:

  • Collection Procedures (a) On or before the Closing Date, the Seller and the Purchaser shall have established and shall maintain thereafter the system of collecting and processing Collections of Receivables in accordance with Section 2.02 of the Servicing Agreement.

  • NEGOTIATION PROCEDURES A. It is contemplated that matters not specifically covered by this agreement but of common concern to the parties shall be subject to professional negotiations between them from time to time during the period of this agreement, upon request by either party to the other. The parties undertake to cooperate in arranging meetings within 30 days of receipt of notice, setting forth generally the subject not specifically covered, selecting representatives for such discussions, furnishing necessary information and otherwise constructively considering and resolving any such matters.

  • Notification Procedures To address non-compliance, the receiving Competent Authority would notify the providing Competent Authority pursuant to Article 5 of the IGA. The notification procedures would differ depending upon whether the receiving Competent Authority seeks to address administrative or other minor errors or significant non-compliance.

  • Evaluation Procedures 7.2.1 Evaluation procedures designed to fairly and adequately assess performance of full- time faculty employees shall be established and reviewed annually by the Vice President, after consultation with appropriate faculty groups at divisional/departmental meetings for their recommendations.

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