Section 4(b). Any S.A.W. member promoted to a higher position or classification within the bargaining unit shall be placed at a step level which has a salary immediately higher than his/her current salary plus one additional step in the new position unless the Board, upon recommendation of the Superintendent so determines that a higher step is warranted due to circumstances of consideration. All such exceptions will be forwarded to S.A.W. for informational purposes only and shall not be subject to the grievance procedure.
Section 4(b). In connection with Sections 1-3 above, should a situation arise not covered, a committee from the WTA, appointed by its President, will meet with the Superintendent of Schools or his/her designee from central office to resolve said situation. The solution shall then be reduced to writing and made an addition to this Section and will be used as a guide to decide the outcome of similar situations should they arise. If the committee from the WTA and the Superintendent or his/her designee from central office cannot resolve the matter, the WTA will meet with the Finance Committee of the Board to resolve said situation.
Section 4(b). The second sentence of Section 4(b) of the Employment Agreement is hereby deleted and replaced in its entirety with the following: “It is expected that the target date-of-grant value of the Employee’s annual long-term incentive awards will be 200% of his Base Salary (“Target LTIP”) granted in the following allocations: 40% of the award as a time-vesting award, vesting ratably over three years (one-third per year from the date of grant), and 60% of the award as a performance-vesting award, vesting over a three-year performance period.”
Section 4(b). (i) of the Forbearance Agreement is hereby deleted in its entirety and replaced with the following:
Section 4(b). Section 4(b) of the Purchase Agreement is amended by adding thereto as a condition of Seller’s obligation to consummate the transaction which is the subject of the Purchase Agreement that Purchaser execute and deliver to Seller, and to allow Seller to file, any and all documents reasonably requested by Seller to perfect its security interest in the Account and the lessee’s interest in the Lease. The failure of Purchaser to execute and deliver to Seller any such documents, or to allow Seller to file any such documents, shall constitute a default under the provisions of the Purchase Agreement by Purchaser.
Section 4(b). (1) shall be inserted to read as follows: Notwithstanding anything in this Agreement to the contrary, Purchaser shall be entitled, on or before the Due Diligence Deadline, to provide written notice to Seller of any Title Defect identified on the Survey.
Section 4(b). Section 4(b) is hereby amended and restated in its entirety to read as follows: “Payee agrees to fund up to the principal balance of this Note, upon receipt of requests from the Maker (each, a “Drawdown Request”) for the amounts set forth in each such Drawdown Request for the sole purpose of paying SPAC Extension Expenses, and Payee shall fund each Drawdown Request in accordance with the wiring instructions attached here to as Exhibit A no later than the second business day after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns collectively under this Note is Two Million and Two Hundred Fifty Thousand Dollars ($2,250,000). Each Drawdown Request must not be an amount less than Fifty Thousand Dollars ($50,000) unless otherwise acceptable to Payee. Once an amount is drawn down under this Note, it shall not be available for future Drawdown Requests. No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.”
Section 4(b). Reference to “the forty-fifth (45th) day after the date the Disclosure Statement and BCA Motion are filed” in Section 4(b) of the A&R Restructuring Support Agreement is hereby amended and replaced with “December 1, 2017”.
Section 4(b). Conditions Precedent to the Showboat Merger Effective Date and the incurrence of Loans on such date.........................28
Section 4(b). Conditions Precedent to Obligations of the relevant Initial Borrower, each Lender, the Facility Agent, the Security Trustee and Ex-Im Bank on the Borrowing Date for an Aircraft........................................................... 7
