Implementation of Exchange Sample Clauses

Implementation of Exchange. On or about April 10 of each year, United States and Pyramid Tribe shall reserve sufficient water to implement the Exchanges required in this Section 5.B.6(e). These Exchanges shall be in accordance with Article Eight and shall, unless otherwise agreed to by United States, Pyramid Tribe and California, be scheduled to be completed prior to Memorial Day Weekend, or as soon as possible thereafter. United States and Pyramid Tribe shall consult with California Department of Fish and Game on California ramping and instream flow objectives, and use their best efforts to schedule these Exchanges in accordance with those objectives.
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Implementation of Exchange. On the Exchange Date, the Lenders shall automatically and without further act be deemed to have exchanged interests in the Facilities such that in lieu of the interest of each Lender in each Facility in which it shall participate as of such date (including such Lender's interest in the principal, reimbursement, interest and other Designated Obligations in respect of each such Facility), such Lender shall hold an interest in every one of the Facilities (including the principal, reimbursement, interest and other Designated Obligations of each Loan Party (or PTMI, as the case may be) in respect of each such Facility and each LC Reserve Account established pursuant to Section 7.02A below), whether or not such Lender shall previously have participated therein, equal to each Lender's Exchange Percentage thereof. Each Lender and each person acquiring a participation from any Lender as contemplated by Section 10.04(e) hereby consents and agrees to the Exchange. Each Lender agrees to surrender any promissory notes originally received by it in connection with its Loans under this Agreement (or loans under the Existing PTMI Agreement, as applicable) to the Administrative Agent (or the administrative agent under the Existing PTMI Agreement, as applicable) against delivery of replacement promissory notes executed by the appropriate Borrowers (or PTMI) reflecting such Lender's Loans (or PTMI Principal Obligations) after giving effect to the Exchange; provided, however, that the failure of either Borrower (or PTMI) to execute or deliver, or of any Lender to accept, any such promissory note shall not affect the validity or effectiveness of the Exchange.
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Implementation of Exchange 
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Related to Implementation of Exchange

  • Adjustment of Exchange Rate The Exchange Rate shall be adjusted from time to time by the Company as follows:

  • Mechanics of Exchange (a) At the Closing, each Shareholder shall surrender the certificate or certificates that immediately prior to the Closing represented the Shares it has sold (the “Certificates”) to the exchange agent designated by the Purchaser in exchange for the Common Stock.

  • Adjustment of Exchange Ratio In the event that, subsequent to the date of this Agreement but prior to the Effective Time, the outstanding shares of Parent Common Stock or Company Common Stock, respectively, shall have been changed into a different number of shares or a different class as a result of a stock split, reverse stock split, stock dividend, subdivision, reclassification, combination, exchange, recapitalization or other similar transaction, the Exchange Ratio shall be appropriately adjusted.

  • Termination of Exchange Fund Any portion of the Exchange Fund that remains undistributed to the holders of Company Common Stock for six months after the Effective Time shall be delivered to Parent, upon demand, and any holder of Company Common Stock who has not theretofore complied with this Article II shall thereafter look only to Parent for payment of its claim for Merger Consideration.

  • Appointment of Exchange Agent Prior to the Effective Time, Parent shall appoint a bank or trust company to act as exchange agent (the “Exchange Agent”), the identity and the terms of appointment of which shall be reasonably acceptable to the Company, for the payment of the Merger Consideration and shall enter into an agreement relating to the Exchange Agent’s responsibilities with respect thereto, in form and substance reasonably acceptable to the Company.

  • Adjustment of Exchange Price (A) The Exchange Price is subject to adjustment upon certain events, including, (i) subdivisions, combinations and reclassification of the Series A Preferred Stock, and (ii) distributions to all holders of Series A Preferred Stock of evidences of indebtedness of the General Partner or assets (including securities, but excluding dividends and distributions paid in cash out of equity applicable to Series A Preferred Stock).

  • Rate of Exchange upon request by the Issuer inform the Issuer of the spot rate of exchange quoted by it for the purchase of the currency in which the relevant Notes are denominated against payment of Euro (or such other currency specified by the Issuer) on the date on which the Relevant Agreement (as defined in the Dealer Agreement) in respect of such Notes was made; and

  • Distribution of Exchange Fund to Parent Any portion of the Exchange Fund that remains undistributed to the holders of the Certificates or Uncertificated Shares on the date that is one year after the Effective Time will be delivered to Parent upon demand, and any holders of shares of Company Common Stock that were issued and outstanding immediately prior to the Merger who have not theretofore surrendered or transferred their Certificates or Uncertificated Shares representing such shares of Company Common Stock for exchange pursuant to this Section 2.9 will thereafter look for payment of the Per Share Price payable in respect of the shares of Company Common Stock represented by such Certificates or Uncertificated Shares solely to Parent (subject to abandoned property, escheat or similar Laws), solely as general creditors thereof, for any claim to the Per Share Price to which such holders may be entitled pursuant to Section 2.7.

  • Termination of Exclusivity Section 10.2 (Exclusivity in Michigan) of this Agreement shall terminate upon any termination of the Agreements, notwithstanding any breach of the Agreements by the Band.

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