Permissive Clause Samples
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Permissive. The Borrower may, at any time, prepay the Note in whole or in part with accrued interest to the date of such prepayment on the amount prepaid, provided that a Quoted Rate Loan may be prepaid only on the last day of the Interest Period for such Quoted Rate Loan.
Permissive. Except as otherwise contained herein, the County shall consider all requests to accept the dedication of any road or road right-of-way within the Property constructed to the standards contained in the Cherokee Farms Conceptual Master Plan approved on of the County contained in this Agreement. The County shall also consider a request to take ownership of any drainage systems by dedication.
Permissive. Aggregation Group shall mean the required aggregation group of plans plus any other plan or plans of the Employer which, when considered as a group with the required aggregation group, would continue to satisfy the requirements of Sections 401(a)(4) and 410 of the Code.
Permissive. This Note may be prepaid in whole or in part, at any time, without penalty or premium.
Permissive. The Company may, but is not required to, indemnify a Manager for all expenses, losses, liabilities and damages the Manager actually and reasonably incurs in connection with the Manager’s unsuccessful defense of any claim, action or proceeding arising out of or relating to the Manager’s conduct of the Company’s activities, but only if (i) the Manager’s conduct was in good faith, (ii) the Manager reasonably believed that the Manager’s conduct was in, or not opposed to, the Company’s best interests, (iii) in the case of a criminal proceeding, the Manager had no reason to believe the Manager’s conduct was unlawful, (iv) in the case of a proceeding by or in the right of the Company, the Manager was not adjudged liable to the Company and (v) in the case of any other proceeding, the Manager was not adjudged liable to any Person on the basis that the Manager derived an improper personal benefit.
Permissive. The inbound license grants the receiving project broad permission to use the contribution.
Permissive disaggregation—(i) Plans benefiting collectively bargained employ- ees. For purposes of section 401(a)(26), an employer may treat the portion of a plan that benefits employees who are included in a unit of employees covered by a collective bargaining agreement as a plan separate from the portion of a plan that benefits employees who are not included in such a collective bar- gaining unit. This paragraph (d)(2)(i) applies separately to each collective bargaining agreement. Thus, for exam- ple, the portion of a plan that benefits employees included in a unit of em- ployees covered by one collective bar- gaining agreement may be treated as a plan that is separate from the portion of the plan that benefits employees in- cluded in a unit of employees covered by another collective bargaining agree- ment.