SOI Sample Clauses

SOI. The Lenders agree that GSRP, in accordance with the SOI, shall pay to the Subordinated Lender, in cash, interest accruing from time to time on the outstanding principal balance of the Subordinated Loan Tranche at a fixed rate per annum of 10% (it being acknowledged that interest accrues under the SOI at a per annum rate of 20% and that the remaining unpaid portion of said rate of interest would not be paid until all Canyons Obligations, all Steamboat Obligations and all other Obligations (other than the Percentage Sales Fee and the Subordinated Loan Tranche Obligations) shall have been fully and finally paid). Such "cash interest" shall be payable, and shall be paid, by GSRP irrespective of whether a Default or Event of Default shall exist and shall rank pari passu with the obligation of GSRP to pay interest to the Lenders in respect of the Steamboat Obligations. The Lenders acknowledge that the Subordinated Lender shall be entitled to receive such "cash interest payment" at the same time as the Lenders for the Steamboat Project receive interest payments from the Obligation-Servicing Projects' Cash Proceeds as provided for herein or otherwise from other Projects' Cash Proceeds payable to such Lenders for the Steamboat Project, and, if such Obligation-Servicing Projects' Cash Proceeds or other Projects' Cash Proceeds paid or payable to the Lenders for the Steamboat Project are insufficient to pay in full all of such "cash interest" and the other interest payable to the Lenders for the Steamboat Project, then such Obligation-Servicing Projects' Cash Proceeds or other Projects' Cash Proceeds shall be shared ratably among the Lenders for the Steamboat Project and the Subordinated Lender based on the amount of accrued and unpaid interest owing to them. For the avoidance of doubt, until the Canyons Obligations are fully and finally paid, the Subordinated Lender shall have no claim on any Obligation-Servicing Projects' Cash Proceeds or other Projects' Cash Proceeds payable to Lenders for the Canyons Project. Unless and until all Obligations (other than the Subordinated Loan Tranche Obligations and the Percentage Sales Fee) shall have been paid in full, no other payments shall be made by GSRP to the Subordinated Lender under the SOI. The Lenders acknowledge that the Subordinated Lender's security interest and Lien under, and as defined in, the SOI will continue to exist in and to the Excess Projects' Cash Proceeds held as Collateral hereunder (subject to being use...
Sample 1
AutoNDA by SimpleDocs
SOI. This Section 8 of the Sixth Amendment Agreement is amended and replaced by the following:
Sample 1
SOI. Section 8 of the Seventh Amendment Agreement is amended by making said Section subject to the treatment and allocation of Release Prices and other proceeds in respect of any disposition or pledging of the Canyons Commercial Core and/or the Steamboat Commercial Core as provided for in the Commercial Release Price Option and subject to the treatment and allocation of Steamboat Residential Unit 2005 Release Prices provided for in the definition of "Release Price" and Steamboat Residential Additional Forgiven Amount as provided in Section 3.15(e) of the Existing LSA, as amended hereby. GSRP acknowledges that all commitments of the Subordinated Lender under the SOI to extend Subordinated Loan Tranche Advances terminated on the date of the Canyons Auction Sale. GSRP agrees that the aggregate outstanding principal amount of Subordinated Loan Tranche Advances shall not exceed the following amounts at the following dates: ================================================================================ Test Date Maximum Outstanding Principal Amount of Subordinated Loan Tranche Advances -------------------------- ----------------------------------------------------- June 30, 2006 $10,000,000 -------------------------- ----------------------------------------------------- December 31, 2006 $8,000,000 -------------------------- ----------------------------------------------------- March 31, 2007 $5,000,000 -------------------------- ----------------------------------------------------- June 30, 2007 $2,500,000 -------------------------- ----------------------------------------------------- November 30, 2007 $0 ========================== =====================================================
Sample 1

Related to SOI

  • RDDS Registration Data Directory Services refers to the collective of WHOIS and Web-­‐based WHOIS services as defined in Specification 4 of this Agreement.

  • Mobility 7.1 There may also be a business need to travel and work on a temporary basis at any premises which the Corporation currently has or may subsequently acquire or at any premises at which it may from time to time provide services. This would be subject to discussion and agreement giving due regard to the following considerations: - The location and arrangements for travel and subsistence; - The length of the working day with increased travel time; - The hours of work; - The timescale and duration of the proposed arrangements; - The employee’s personal and family circumstances.

  • Management of Company 5.1.1 The Members, within the authority granted by the Act and the terms of this Agreement shall have the complete power and authority to manage and operate the Company and make all decisions affecting its business and affairs.

  • RTT Round-­‐Trip Time or RTT refers to the time measured from the sending of the first bit of the first packet of the sequence of packets needed to make a request until the reception of the last bit of the last packet of the sequence needed to receive the response. If the client does not receive the whole sequence of packets needed to consider the response as received, the request will be considered unanswered.

  • Celsius 43 cents per hour extra; in excess of 54 Celsius 58 cents per hour extra. Where work continues for more than two hours in temperatures exceeding 54 Celsius, employees shall be entitled to 20 minutes rest after every two hours work without deduction of pay. The temperature shall be determined by the supervisor after consultation with the employees who claim the extra rate.

  • VALIC (i) is registered as an investment adviser under the Advisers Act and will continue to be so registered for so long as this Agreement remains in effect: (ii) is not prohibited by the 1940 Act or the Advisers Act from performing the services contemplated by this Agreement; (iii) has met, and will continue to meet for so long as this Agreement remains in effect, any applicable federal or state requirements, or the applicable requirements of any regulatory or industry self-regulatory agency, necessary to be met in order to perform the services contemplated by this Agreement, (iv) has the authority to enter into and perform the services contemplated by this Agreement, and (v) will immediately notify the SUB-ADVISER of the occurrence of any event that would disqualify VALIC from serving as an investment adviser of an investment company pursuant to Section 9(a) of the 1940 Act or otherwise.

  • Parent A parent, legal guardian or person in parental relation to the Student.

  • Subsidiaries All of the direct and indirect subsidiaries of the Company are set forth on Schedule 3.1(a). The Company owns, directly or indirectly, all of the capital stock or other equity interests of each Subsidiary free and clear of any Liens, and all of the issued and outstanding shares of capital stock of each Subsidiary are validly issued and are fully paid, non-assessable and free of preemptive and similar rights to subscribe for or purchase securities. If the Company has no subsidiaries, all other references to the Subsidiaries or any of them in the Transaction Documents shall be disregarded.

  • Cornerstone shall notify the LLC and confirm such advice in writing (i) when the filing of any post-effective amendment to the Registration Statement or supplement to the Prospectus is required, when the same is filed and, in the case of the Registration Statement and any post-effective amendment, when the same becomes effective, (ii) of any request by the Securities and Exchange Commission for any amendment of or supplement to the Registration Statement or the Prospectus or for additional information and (iii) of the entry of any stop order suspending the effectiveness of the Registration Statement or the initiation or threatening of any proceedings for that purpose, and, if such stop order shall be entered, Cornerstone shall use its best efforts promptly to obtain the lifting thereof.

  • Eye Exam This plan covers one (1) routine or annual eye exam, per plan year, for a member’s visual acuity. Additional eye exams are covered during the plan year when there is an underlying medical condition, such as conjunctivitis. Pediatric Vision Hardware for Members Under Age Nineteen (19) This plan covers vision hardware for members until the last day of the month in which they turn nineteen (19). Covered Vision Hardware This plan covers vision hardware purchased from a network provider up to the benefit limits shown below. See the Summary of Medical Benefits for the amount you pay.

Time is Money Join Law Insider Premium to draft better contracts faster.