Hereinafter the Security Documents, together with all other documents evidencing or securing the Obligations shall be referred to as the "Existing Loan Documents".
Hereinafter. (i) the Ordinary Shares purchasable hereunder or any other securities which may be issued by the Company in substitution therefor, are referred to as the "Warrant Shares"; (ii) the price of sixty two cents ($0.62) payable hereunder for each of the Warrant Shares, as adjusted in the manner set forth hereinafter, is referred to as the "Exercise Price" and (iii) this Warrant and all warrants hereafter issued in exchange or substitution for this Warrant are referred to as the "Warrants". The Exercise Price and the number of Warrant Shares are subject to adjustment as hereinafter provided.
Hereinafter. If Tenant fails to pay the Base Rent to Landlord prior to the fifth (5th) calendar day of any month during the Term, Tenant shall pay to Landlord as a late charge to defray the administrative costs and expenses of handling late payments, a sum equal to the greater of $50.00 or 5% of such late payments.
Hereinafter all indebtedness owing by Borrower to Lender shall be referred to as the "Indebtedness." Hereinafter, all other documents evidencing or securing the Indebtedness shall be referred to as the "Existing Loan Documents."
Hereinafter. In case of disagreement on the rate revision terms, each Party may apply the provisions provided by Article 4 hereinafter. Cdiscount shall collect the monthly instalments due by the Customers on R2, R3 and R4 on behalf of Banque Casino, under a collection authorisation, respectively on D+30, D+60 and D+90 (the terms and conditions of this authorisation are described hereinafter). In the event the Customer misses a payment, Cdiscount shall initiate amicable recovery proceedings, for and on behalf of Banque Casino, by virtue of a recovery authorisation (the terms and conditions of this authorisation are described hereinafter). Cdiscount shall pay back in the form of bank transfers to Banque Casino an amount equal to R2, R3 and R4 respectively on D+31, D+61 and D+91 including in the case of unpaid instalments by the Customer. Once one of the ranks of a given debt claim of Banque Casino is late by more than 90 days, Banque Casino shall reimburse to Cdiscount, on the first next business day, the difference corresponding to the amount actually collected by Cdiscount on all of the ranks of the debt claim of Banque Casino and the amount paid back by Cdiscount to Banque Casino for this same debt claim. Cdiscount shall continue to pay back monthly to Banque Casino all of the payments collected thanks to its recovery proceedings.
Hereinafter your Agreement shall be amended so as to delete the severance provision contained therein, and it shall be replaced in its entirety with the following: "In the event that you are involuntarily terminated for any reason other than for Cause, you shall receive as severance pay, the sum of (i) your then current bi-weekly base salary for a period of twelve (12) consecutive months following the date of such termination ("Severance Period"), and (ii) fifty (50) percent of the Annual Target Bonus otherwise payable to you for the year in which the termination occurs, which bonus amount shall be paid in substantially equal bi-weekly installments over the Severance Period, For the purpose of this Agreement, Cause shall be defined as and be limited to conviction of a felony or willful misconduct or gross negligence in the performance of duties which results in material harm to PictureTel." Thank you for hard work and dedication. Your continued efforts will be a key factor in our future success and I look forward to working with you to build a great PictureTel.