Following the Effective Date. (a) Following the commencement of at least one lease for any portion of the Project, Operating Member shall prepare or cause to be prepared a statement setting forth the calculation of Operating Cash Flow for each period of time, but not less often than monthly, at the end of which period the Company is to make periodic distributions of Operating Cash Flow as provided in Section 9.3, and the Company shall furnish a copy of such cash flow statement to each Member within twenty-one (21) days after the end of such period;
Following the Effective Date. Offeror intends to carry out a detailed review of Target’s business and operations, to identify any areas of duplication or overlap and to optimize the structure of the merged business units of the Combined Group. In order to deliver any financial and operational synergies, Offeror and Target recognise that completion of the Acquisition may result in an integration and restructuring process for the Combined Group with consequent limited terminations of employment, including termination by reason of redundancy or other similar concept under any applicable law.
Following the Effective Date. (a) MLI shall maintain a minimum stock of Distributed Product, which will be no less than an amount sufficient in MLI's reasonable, judgement to meet customers' requirements.
Following the Effective Date. (a) The Purchaser shall pay in accordance with law all properly drawn and presented checks, drafts and withdrawal orders presented to the Purchaser by mail, over its counters, through any check clearing house or otherwise, by depositors whose Deposit Liabilities are assumed by the Purchaser, whether drawn on the checks, withdrawal or draft forms provided by the Seller, or by the Purchaser, and in all other respects to discharge, in the usual course of the banking business, the duties and obligations of the Seller with respect to the balances due and owing to the depositors whose Deposit Liabilities are assumed by the Purchaser. The Purchaser's obligation to honor checks, withdrawal or draft forms provided by the Seller and carrying its imprint and properly presented to the Purchaser shall expire on the later of (i) the date upon which the Purchaser may, under applicable law, refuse to pay such check, withdrawal or draft; or (ii) the close of business on the 210th business day following the Effective Date.
Following the Effective Date. (i)Following the Effective Date, you will be compensated for your service as Chairman of the Board in accordance with the Company’s policy for non-employee members of the Board (the "Director Compensation Policy"), provided, that the equity awards previously granted to you in connection with your service as an employee will continue to vest based on your service on the Board, as further described below. Notwithstanding the foregoing or anything to the contrary in the Director Compensation Policy, you will not receive the annual equity award to be granted to non-employee members of the Board pursuant to the Director Compensation Policy on the date of the 2019 annual meeting of the Company's shareholders. However, commencing in 2020 and annually thereafter during the term of your service as Chairman of the Board, you will receive an equity award equal to two times the standard annual equity award outlined in the Company’s Director Compensation Policy. These annual equity awards will be granted to you at the same time as the other non-employee members of the Board receive their annual equity awards under the Director Compensation Policy.
Following the Effective Date. 1.2.1. The Executive shall neither be required to perform his duties as the Chief Executive Officer (CEO) of the Company, nor present itself and/or act as an executive officer of the Company.
Following the Effective Date. 1.2.1. The Executive shall neither be required to perform his duties as the Chief Innovation Officer (CIO) of the Company, nor present itself and/or act as an executive officer of the Company.
Following the Effective Date. Zions Bancorp shall not incur, and shall not permit Val Cor or Vectra to incur, any counsel fees in connection with litigation with respect to the Contingency unless the identity of counsel is acceptable to the Agent for Equity Holders, consent to whose identity shall not unreasonably be withheld.
Following the Effective Date as applicable and mutually agreed to by the Parties, the Parties shall negotiate in good faith and execute a mutually acceptable pharmacovigilance agreement with respect to the Product, and they shall perform their respective obligations in accordance with such agreement. ISTA shall be responsible, at its expense, for all pharmacovigilance in the Territory with respect to the Product and for compliance with all applicable laws, regulations and requirements in connection therewith, and SENJU shall be responsible, at its expense, for all pharmacovigilance with respect to the Product in Japan, such that it has governmental approval for the Product there, and for compliance with all applicable laws, regulations and requirements in connection therewith. The Parties acknowledge that the pharmacovigilance agreement shall also cover the exchange of safety data relating to the Product, including data received by each Party’s Affiliates and licensees with respect to the Product.
Following the Effective Date the Borrower shall provide the Agent with copies of the amended Shipyard Finance Facilities implementing the terms of the PPL Term Sheet and Keppel Term Sheet respectively by no later than 30 June 2022. Confirmations and undertakings 11. As and with effect from the Effective Date, the Obligors confirm that the aggregate payments of $12,000,000 due to PPL Shipyard Pte. Ltd. and the aggregate payments of $12,000,000 due to Keppel FELS Limited (or its affiliates) in each case payable during 2022 shall no longer be applicable as Permitted Payments for the purposes of the Facility Agreement unless and until the conditions to the amendments to the PPL Shipyard Finance Facility and/or the Keppel Shipyard Finance Facility are not met and the parties thereto revert to the terms and conditions of such Shipyard Finance Facilities in force prior to the Implementation Offering, which shall continue to remain in full force and effect. 12. In respect of the PPL Term Sheet and the Keppel Term Sheet, the Ultimate Parent undertakes to promptly provide written notice to the Agent in the event that: (a) the conditions precedent to the amendments to the PPL Shipyard Finance Facility and/or the Keppel Shipyard Finance Facility contemplated by the PPL Term Sheet and/or the Keppel Term Sheet are not expected to be satisfied or waived; or (b) the amendments contemplated by the PPL Term Sheet and/or the Keppel Term Sheet are not expected to be (or are not) implemented by 30 June 2022. 13. The Obligors and Intermediate Holdco confirm that in the event that: (a) the amendments to the respective Shipyard Finance Facilities revert to the terms in force prior to the Implementation Offering as a result of the reversion provision in the PPL Term Sheet and/or the Keppel Term Sheet; or (b) the terms of the PPL Term Sheet and/or the Keppel Term Sheet are amended, waived or otherwise modified in any respect (either prior to the Implementation Offering or thereafter (having been reflected in the relevant documentation with Keppel and/or
