Irrevocable Commitment to Settle; Determination of Insured Lives; Election to Opt Out of Agreement Sample Clauses

Irrevocable Commitment to Settle; Determination of Insured Lives; Election to Opt Out of Agreement. (a) Subject to the satisfaction of the conditions set forth in Section 2.01 of this Agreement, at any time after the Court’s approval of the Disclosure Statement and prior to the Election Deadline, each Class 14 Claimant shall be entitled to advise Dow Corning of its intention to settle under the terms of this Agreement by delivering a written, irrevocable commitment to participate in the settlement provided by this Agreement. Prior to, or simultaneously with, the delivery of such an irrevocable commitment to settle, such Class 14 Claimant shall provide Dow Corning with evidence regarding the number of Insured Lives it represents. Evidence of Insured Lives previously provided which satisfies the provisions of Section 2.01(a) shall satisfy the requirements of this Section 2.02(a).
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Related to Irrevocable Commitment to Settle; Determination of Insured Lives; Election to Opt Out of Agreement

  • Termination Amendment and Waiver 46 7.1 Termination....................................................................................46 7.2

  • Procedure for Termination, Amendment, Extension or Waiver A termination of this Agreement pursuant to Section 7.01, an amendment of this Agreement pursuant to Section 7.03 or an extension or waiver of this Agreement pursuant to Section 7.04 shall, in order to be effective, require in the case of Parent, Sub or the Company, action by its Board of Directors.

  • Conditions Precedent to Effectiveness of Agreement Each of the following is a condition precedent to the effectiveness of this Agreement:

  • Termination of Commitment to Lend Notwithstanding anything in the Loan Documents, Lender's obligation to lend the undisbursed portion of the Commitment to Borrower hereunder shall terminate on the earlier of (i) at the Lender's sole election, the occurrence and continuance of any Default or Event of Default hereunder, and (ii) the Commitment Termination Date. Notwithstanding the foregoing, Lender's obligation to lend the undisbursed portion of the Commitment to Borrower shall terminate if, in Lender's sole judgment, there has been a material adverse change in the general affairs, management, results of operations, condition (financial or otherwise) or prospects of Borrower, whether or not arising from transactions in the ordinary course of business, or there has been any material adverse deviation by Borrower from the business plan of Borrower presented to and not disapproved by Lender, since the date of this Agreement.

  • Conditions Precedent to Effectiveness of this Amendment This Amendment shall not become effective until all of the following conditions precedent shall have been satisfied in the sole discretion of Agent or waived by Agent:

  • Conditions Precedent to Effectiveness of this Agreement This Agreement shall become effective on and as of the date hereof (the “Effective Date”), provided that the following conditions precedent have been satisfied on such date:

  • CONDITIONS OF SETTLEMENT, EFFECT OF DISAPPROVAL, CANCELLATION OR TERMINATION 9.1 The Effective Date of this Settlement Agreement shall not occur unless and until each of the following events occurs and shall be the date upon which the last (in time) of the following events occurs:

  • Conditions Precedent to Effectiveness of Amendment This Amendment shall become effective (the “Amendment Effective Date”) upon satisfaction of each of the following conditions:

  • Conditions Precedent to Each Extension of Credit Before any extension of credit governed by this agreement, whether by disbursement of a loan, issuance of a letter of credit or otherwise, the following conditions must be satisfied:

  • Termination Waiver and Amendment 40 7.1 TERMINATION...................................................40 7.2

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