Northwest Sample Clauses
The "Northwest" clause typically defines the geographic region or jurisdiction referred to as "Northwest" within a contract or agreement. In practice, this clause clarifies whether "Northwest" pertains to a specific set of states, provinces, or territories, or if it is used to designate a particular area relevant to the parties' business operations. By providing this definition, the clause ensures that all parties have a shared understanding of the region in question, thereby preventing disputes or confusion regarding the scope of obligations or rights tied to the "Northwest."
Northwest. Properties that are adjacent to the INDOT excess parcel LA Code 4603 parcel 1 consist of the following. North of the INDOT parcel is a vacant lot, and slightly to the northwest is an old 4 story brick building that is owned by Sigecom, a large volume communication nexus. This building has 6 large satellite dishes on the roof and has very large fiber optic truck lines leading to and from the building. East of the INDOT parcel is ▇▇▇▇▇▇ Avenue. South of the property is the ▇▇▇▇▇ Expressway entrance ramp for entering westbound traffic. West of the INDOT property is another smaller single story building also owned by Sigecom.
Northwest. (as Borrower under the NW
Northwest. On the Loan Closing Date, Lender shall escrow a portion of the Loan equal to Four Million Nine Hundred Thousand Dollars ($4,900,000) plus certain closing costs (the “Northwest Funds”) with the Title Company pursuant to the terms of the Northwest Escrow Agreement. Notwithstanding anything in this Agreement or the Note to the contrary, Borrowers shall not pay interest on the Northwest Funds until the earlier of (i) the release of the Northwest Funds to Sellers (as defined in the Northwest Escrow Agreement) or (ii) the date that is ninety (90) days after the Loan Closing Date; provided, however, that all interest earned on the Northwest Funds shall be paid over to Lender during such ninety (90) period. If Owner does not acquire the Northwest Facility, then Borrowers shall repay to Lender an amount equal to the Northwest Funds plus any portion of the Northwest Allocation received from Sellers. If the Northwest Funds or any portion of the Northwest Allocation Funds are returned to Lender, then, provided no Event of Default has occurred and is continuing, the Northwest Funds and/or the Northwest Allocation Funds shall be applied to the outstanding principal balance of the Loan and no Prepayment Premium shall be due in connection with such return and the difference between $1,449,518 less that portion of the Northwest Allocation Funds actually received shall be reallocated among the remaining Facilities in proportion to the number of licensed beds at each remaining Facility bears to the total number of licensed beds at all Facilities, which reallocation shall also increase the Third Year Release Payment and the Seventh Year Release Payment in the amount reallocated to such Facilities. In addition, Borrowers shall pay all Remediation Costs. If the Northwest Facility is not acquired by Owner, then the Northwest Facility shall be removed from Section 3.4 and the Seventh Year Release Payment shall be reduced by $7,952,560.56. If the Northwest Facility is acquired by Owner, Owner shall grant equivalent liens and security interests covering the Northwest Facility as cover all other Facilities.
Northwest. These potential reserves, contemplated by the Northwest Power Act, are possible if the Intalco plant continues to operate, and are yet another way in which continued electric power service to Intalco could benefit the Northwest region.
Northwest. IDENTIFICATION
Northwest. Northwest is an Oregon state-chartered bank duly organized and existing under the laws of the State of Oregon, with its principal executive offices located in Portland, Oregon. As of the Execution Date, Northwest has 20,000,000 authorized shares of common stock, $5.00 par value ("Northwest Common Stock"), of which 3,283,081 shares of Northwest Common Stock are issued and outstanding, no other class of capital stock being authorized. As of June 30, 2002, Northwest had capital of $27,406,096, divided into common stock of $13,120,755, surplus of $8,042,828 and retained earnings of $5,229,297. As of the Execution Date, Northwest has 903,268 shares of Northwest Common Stock reserved for issuance under an employee stock option plan pursuant to which options covering 648,001 shares of Northwest Common Stock are outstanding, has issued warrants to certain of its officers to purchase a total of 110,916 shares of Northwest Common Stock and has reserved 343,750 shares of Northwest Common Stock for issuance under an employee stock purchase plan.
Northwest. Northwest is a professional corporation duly organized, validly existing and in good standing in the State of California. Northwest has all requisite corporate power and authority to own, lease, and operate its assets and to carry on its business as now being conducted. Northwest has no partially-owned or wholly-owned subsidiaries.
Northwest through its research, creativity and experience, has developed and acquired valuable Confidential Information (as hereinafter defined), including valuable trade secrets.