Reduction of Stated Amount; Termination of Letter of Credit Sample Clauses

Reduction of Stated Amount; Termination of Letter of Credit. (i) The Agency may, upon at least thirty (30) days’ prior written notice to the Bank, reduce the Stated Amount from time to time during the period from such date through the Termination Date, provided, that (A) the Stated Amount may not be reduced below the sum of the aggregate principal amount of the Outstanding Commercial Paper Notes plus interest on the outstanding principal amount of Commercial Paper Notes for 270 days at an assumed rate equal to the Maximum Interest Rate based on a year of 365 days, (B) the Bank shall have received a certificate in the form of Annex C to the Letter of Credit with respect to such reduction submitted by an authorized officer of the Issuing and Paying Agent and (C) the Bank shall have received the Reduction Fee, to the extent due pursuant to the terms of the Fee Agreement.
Sample 1
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Reduction of Stated Amount; Termination of Letter of Credit. (i) The Commission may, upon at least five (5) Business Days’ notice to the Bank, reduce the Stated Amount from time to time during the period from such date through the Letter of Credit Termination Date; provided, that (A) each such reduction of the Stated Amount shall be in an amount equal to $1,000,000 or an integral multiple thereof, (B) the amount of the Stated Amount may not be reduced below the sum of the aggregate principal amount of the Outstanding Bonds plus interest on the Outstanding principal amount of Bonds for days at an assumed rate equal to the Maximum Interest Rate based on a year of 365 days, and (C) the Bank shall have received a certificate, substantially in the form of Annex C to the Letter of Credit, with respect to such reduction. The Commission shall also notify the Trustee of such reduction in the Stated Amount.
Sample 1

Related to Reduction of Stated Amount; Termination of Letter of Credit

  • EXTENSION OF USE COMMITMENT The Contractor agrees to honor all orders from State Agencies, political subdivisions and others authorized by law (see Section 25 Extension of Use) which are in compliance with the pricing, terms, and conditions set forth in the Contract. Any unilateral limitations/restrictions imposed by the Contractor on eligible Authorized Users will be grounds for cancellation of the Contract.

  • Letter of Credit Fees The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance, subject to Section 2.16 with its Applicable Revolving Credit Percentage a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the daily amount available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. Letter of Credit Fees shall be (i) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the Required Revolving Lenders, while any Event of Default exists, all past due Letter of Credit Fees shall accrue at the Default Rate.

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

  • Refinancing Preparation Advance; Capitalizing Front-end Fee and Interest (a) If the Loan Agreement provides for the repayment out of the proceeds of the Loan of an advance made by the Bank or the Association (“Preparation Advance”), the Bank shall, on behalf of such Loan Party, withdraw from the Loan Account on or after the Effective Date the amount required to repay the withdrawn and outstanding balance of the advance as at the date of such withdrawal from the Loan Account and to pay all accrued and unpaid charges, if any, on the advance as at such date. The Bank shall pay the amount so withdrawn to itself or the Association, as the case may be, and shall cancel the remaining unwithdrawn amount of the advance.”

  • Modification of Commitments 1. For a period of 12 months from the date of entry into force of this Agreement, a Member State may adopt any measures or modify any of its reservations made in the Schedule under Article 9 (Reservations) for prospective applications to investors of any other Member States and their investments, provided that such measures or modification shall not adversely affect any existing investors and investments.

  • TERMINATION OR AMENDMENT The Committee may terminate or amend the Plan or this Agreement at any time; provided, however, that no such termination or amendment may adversely affect the Participant’s rights under this Agreement without the consent of the Participant unless such termination or amendment is necessary to comply with applicable law or government regulation. No amendment or addition to this Agreement shall be effective unless in writing.

  • Availability of PHI for Amendment Modernizing Medicine shall provide PHI in EMA to Medical Practice for amendment, and incorporate any such amendments in the PHI (for so long as Modernizing Medicine maintains such information in the Designated Record Set), in accordance with this Addendum and as required by 45 C.F.R. § 164.526. If Modernizing Medicine receives a request for amendment to PHI directly from an Individual, Modernizing Medicine shall forward such request to Medical Practice within ten (10) business days. Medical Practice shall have the sole responsibility for determining whether to approve an amendment to PHI and to make such amendment.

  • Interim Extension Amendment a. Prior to or on the expiration date of this Contract, the Parties agree that this Contract can be extended as provided under this Section.

  • Notice of Termination or Modification Notice shall be in writing and shall be sufficient if sent by certified mail, addressed, if to the Union, to Michigan Council #25, AFSCME, AFL-CIO, 000 Xxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxx, 00000; and if the Employer, addressed, Superintendent of Schools, 000 Xxxxxx Xxxxxxx, Xxxxxxx Xxxxx, Xxxxxxxx, 00000, or to any such address as the Union or Employer may make available to each other.

  • NOTICE OF SUPPLEMENTAL ALLOCATION OF FUNDS By the signature below, the City Controller certifies that, upon the request of the Director, the supplemental sum set out below has been allocated for the purposes of the Agreement out of funds appropriated for this purpose by the City Council of the City of Houston. This Supplemental Allocation has been charged to such appropriation. $

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