Redetermination Sample Clauses

Redetermination. On or before April 15th and October 15th of each year, the Administrative Agent shall propose in writing to the Borrower and the Lenders a new or reaffirmed Borrowing Base in accordance with Section 2.04(c) (assuming receipt by the Administrative Agent of the Reserve Report in a timely and complete manner). After having received notice of such proposal by the Administrative Agent, each Lender shall have 15 days to agree with such proposal or disagree by proposing an alternate Borrowing Base. If, at the end of such 15 days, any Lender has not communicated to the Administrative Agent its approval or disapproval, such silence shall be deemed to be an approval of the new or reaffirmed Borrowing Base proposed by the Administrative Agent. If, however, at the end of such 15-day period, all of the Lenders or the Required Lenders, as applicable, have not approved or deemed to have approved, as aforesaid, the proposed Borrowing Base, then the Borrowing Base shall be determined in accordance with Section 2.04(d). After such redetermined Borrowing Base is approved by (a) all Lenders in the case of any increase in the Borrowing Base, (b) the Required Lenders in the case of any maintenance or any decrease in the Borrowing Base or (c) as otherwise determined as provided in Section 2.04(d), the Administrative Agent will notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base, and such amount shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Bank and the Lenders on or about May 1st (with respect to each Reserve Report prepared as of December 31) or November 1st (with respect to each Reserve Report prepared as of June 30), as applicable, of each year. Notwithstanding the foregoing, however, any increase in the Borrowing Base shall require approval or deemed approval of all the Lenders as set forth in this Section 2.04(b).

Redetermination. If, pursuant to regulations issued under Section 280G or 4999 of the Code, NMHC and the Executive were required to make a preliminary determination of the amount of an excess parachute payment and thereafter a redetermination of the Excise Tax is required under the applicable regulations, the parties shall request the Accounting Firm to make such redetermination. If as a result of such redetermination an additional Gross-Up Payment is required, the amount thereof, together with interest at the rate provided in section 1274(b)(2)(B) of the Code, shall be paid by NMHC to the Executive at the time provided in Section 3.3.

Redetermination. If, after the date hereof, the IRS issues Treasury Regulations under, or other guidance regarding, Section 355(e) of the Code, the Parties hereby agree to meet to review the conditions, requirements and covenants set forth in this Article IV, and to consider making appropriate revisions to this Article IV as well as seeking any additional rulings as may be appropriate in light of such regulations or other guidance.

Redetermination. From and after the Redetermination Effective Date (as defined below) to the date of the next redetermination of the Borrowing Base pursuant to Section 2.9 of the Credit Agreement, the Borrowing Base shall be $2,250,000,000.

Redetermination. These charges shall be subject to redetermination.

Redetermination. In the event of any adjustment to the tax return of the Consolidated Group as filed (including, without limitation, by reason of an amended return, claim for refund or an audit by the Internal Revenue Service), the liability of MBIA and the Subsidiaries shall be redetermined to give effect to any such adjustment as if it had been made as part of the original computation of tax liability. Payments shall be made within 30 days of any corresponding payments to the Internal Revenue Service or the receipt of any refund from the Internal Revenue Service. Any payments shall include interest and penalties equal to the amounts actually paid to, or received from, the Internal Revenue Service with respect to the redetermination of tax liabilities. MBIA shall calculate the amounts of any such payments and shall give the Subsidiaries at least 10 days notice of any amounts payable by the Subsidiaries. All payments due under this Section 2.06 shall be made in accordance with the principles of Section 2.04(c).

Redetermination. The periodic redetermination of eligibility for Medicaid, CHIP, or the Commonwealth Population, conducted by the Puerto Rico Medicaid Program.

Redetermination. At any time during the rental period, at least once a year for all Tenants, PHA will make a re-determination of rent, unless the family has opted to pay a Flat Rent. If the Flat Rent is chosen, the family will be recertified every three years. Dwelling size and eligibility will be reviewed annually. ▇▇▇▇▇▇ agrees to furnish accurate information and sign authorization forms to allow PHA to verify family income, composition and employment in order to determine whether the rent should be changed, whether the dwelling is still appropriate for ▇▇▇▇▇▇'s needs and whether the Tenant is still eligible for low-income housing. This determination will be made in accordance with Federal Regulations and the PHA Admissions and Continuing Occupancy Plan (ACOP) which is available on the PHA website or by request at the management office. Rent, as fixed in Section D-1 of this Lease or as adjusted pursuant to the above, will remain in effect for periods between regular rent determinations unless during such period:

Redetermination. Upon receipt of the Reserve Report by the --------------- Determining Lenders, the Determining Lenders will redetermine the Borrowing Base. Such redetermination by the Determining Lenders will be in accordance with their respective normal and customary procedures for evaluating oil and gas reserves and other related assets as such exist at that particular time and will otherwise be in their sole discretion. The Determining Lenders shall propose such redetermined Borrowing Base to the Lenders within 30 days following receipt by the Determining Lenders and the Lenders of the complete Reserve Report. After having received notice of such proposal by the Determining Lenders, the Required Lenders shall have 15 days to agree or disagree with such proposal. If at the end of the 15 days, the Required Lenders have not communicated their approval or disapproval, such silence shall be deemed to be an approval and the Determining Lenders' proposal shall be the new Borrowing Base. If however, the Required Lenders notify Determining Lenders within 15 days of their disapproval, the Required Lenders shall, within a reasonable period of time, agree on a new Borrowing Base. In taking the above actions, each Determining Lender and each Lender shall act in accordance with its normal and customary procedures for evaluating oil and gas reserves and other related assets as such exist at that particular time and will otherwise act in their sole discretion.