Second Anniversary Sample Clauses
The "Second Anniversary" clause defines a specific date that is exactly two years from a designated starting point, such as the effective date of an agreement. In practice, this clause is often used to set deadlines, trigger events, or determine when certain rights or obligations become active or expire, such as vesting of shares or review of contract terms. Its core function is to provide a clear and unambiguous reference point in time, ensuring all parties understand when key milestones or changes are scheduled to occur.
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Second Anniversary. If BofA pays the full amount of the License Fee, and BAC (or such Affiliate of BAC as shall be permitted by the Subscription Agreement) subscribes for and pays to 724 the full subscription price for the 2000 Shares in accordance with the terms and conditions of the Subscription Agreement, but does not elect, or is deemed (pursuant to Section 2.3) not to have elected, to enter into the Continuing Alliance as at the Second Anniversary, the Licensed Technology shall include, in addition to all components previously licensed hereunder, all 724 Technology developed up to the Second Anniversary and the first version of each 724 Channel that is significantly completed as at the Second Anniversary.
Second Anniversary. On the Adjustment Date occurring on the second anniversary of the Commencement Date (the "Second Adjustment Date"), the Monthly Base Rent shall be determined by multiplying the Rentable Area by the sum of (A) $5.00, plus (B) the Year One Adjustment, plus (C) an amount determined by multiplying the CPI Increase for the Second Adjustment Date by the sum of (A) and (B) (such amount being the "Year Two Adjustment"), plus (D) $.05; provided, however, that in no event shall the Monthly Base Rent be adjusted on the Second Adjustment Date to an amount that is less than one hundred three and five/tenths percent (103.5%) of the amount obtained by multiplying the Rentable Area by the sum of $5.00 plus the Year One Adjustment, nor to an amount that is more than one hundred five and five/tenths percent (105.5%) of the amount obtained by multiplying the Rentable Area by the sum of $5.00 plus the Year One Adjustment.
Second Anniversary. Upon the second anniversary of the date of this Agreement ("Milestone II"), Secured Party shall cause Pledgeholder to return to each Pledgor the number of Dippy Common Shares listed in Column C opposite such Pledgor's name on Schedule I hereto, plus all non-cash distributions distributed in respect of or in exchange therefor; provided, however, that if any Advisory Member has resigned from the Advisory Board, without simultaneously accepting appointment to an office of Secured Party or the board of directors of Secured Party (or otherwise elects to resign from office of Secured Party or the board of directors of Secured Party without simultaneously accepting reappointment to the Advisory Board), or Hermann has resigned from office of Secured Party and from Secured Party's board of directors without simultaneously accepting appointment to the Advisory Board (or otherwise resigns from the Advisory Board without accepting appointment to an office of Secured Party or the board of directors of Secured Party), on or prior to Milestone II, then Secured Party shall have the remedy provided in Section 9.2 above.
Second Anniversary. On the second anniversary date of this Agreement an additional __________ of the Optioned Shares will vest provided that Grantee provides services to the Company or a subsidiary of the Company on a continuous basis until such anniversary date.
Second Anniversary. On the second anniversary of the Closing Date, the Escrow Agent will pay to the Company an aggregate amount equal to the excess, if any, of (i) the amount held by the Escrow Agent in the escrow account on the second anniversary of the Closing Date, over (ii) the aggregate dollar amount of all claims made (but not paid as of the second anniversary of the Closing Date) by the Purchaser or the Purchaser Indemnified Persons under Section 3.03(c) or Section 11.01(a); provided, however, that such payment or release shall not limit or affect the rights of the Purchaser or any other Purchaser Indemnified Persons under this Article XI or otherwise.
Second Anniversary. After the Second Anniversary, if BMO exercises the 1999 Technology Right and pays the 1999 Licence Fee, but does not exercise its right to enter into the Continuing Alliance after the Second Anniversary, "LICENSED TECHNOLOGY" shall be extended to include the first version of each 724 Channel that is partially completed as at the Second Anniversary and that is finally released to 724's customers generally.
Second Anniversary. On the second anniversary of the date of this Agreement (or if such date is not a business day, the first business day after such second anniversary), in the event that on such date any SARs remain outstanding, the Company shall repurchase all of the outstanding SARs for a cash purchase price equal to the product of (i) the number of SARs then outstanding, multiplied by (ii) $284.80 (as such amount shall appropriately be adjusted in the case of stock splits, stock dividends, recapitalizations, reorganizations and other similar events), less the Value per share actually received by the Recipient pursuant to Section 6 hereof (the amount referred to in clause (ii) being the “SAR Repurchase Price”), payable by wire transfer of immediately available funds to the account set forth on Annex I hereto.
Second Anniversary. Upon the occurrence of any single Event of Default after the first anniversary but before the second anniversary of the date of this Agreement, the sole remedy of Secured Party shall be to take possession of and retain all of the Dippy Common Shares listed opposite the defaulting Pledgor's name in Column C on Schedule I hereto.
Second Anniversary. Effective April 9, 2017, Basic Weekly Wage Rates will be increased 3.0% at the maximum rate, exponentialized with no change in the start rate.