STATEMENT OF PURPOSE. The Borrower has requested, and the Lenders have agreed, to extend certain credit facilities to the Borrower on the terms and conditions of this Agreement.
STATEMENT OF PURPOSE. The purpose of this Interlocal Cooperation Contract [Contract] is to allow DIR Customer to purchase information resources technologies through DIR Contracts.
STATEMENT OF PURPOSE. The purpose of this Interstate Cooperation Contract [Contract] is to allow DIR Customer to purchase information resources technologies through DIR Contracts.
STATEMENT OF PURPOSE a) The purposes of the Central Dispute Resolution Process (CDRP) shall include the expeditious processing and resolution of disputes through consultation, discussion, mediation or arbitration, and the avoidance thereby of multiplicity of proceedings.
STATEMENT OF PURPOSE. The Borrower, the Lenders and the Administrative Agent are parties to a Credit Agreement dated as of September 28, 2001 (as amended by the First Amendment, dated as of March 26, 2002, as amended hereby, and as may be further amended, restated, supplemented or otherwise modified from time to time, the "Credit Agreement"), by and among the Borrower, the Lenders, the Administrative Agent, TD Securities (USA) Inc., as Syndication Agent and Mellon Bank, N.A., as Documentation Agent pursuant to which the Lenders have extended certain credit facilities to the Borrowers; DRS Air, Inc. (now known as DRS Unmanned Technologies, Inc.), an Unrestricted Subsidiary of the Borrower, acquired assets of Meggitt Defense Systems, Inc., a Texas corporation (the "Acquisition") for a purchase price of $750,000 pursuant to the Asset Sale Purchase Agreement dated as April 4, 2002 by and among DRS Air, Inc., as Buyer, Meggitt Defense Systems, Inc., as Seller and Meggitt-USA Inc., as Parent. The funding for the Acquisition (the "Acquisition Funding") was provided to DRS Air, Inc. by the Borrower or one of its Restricted Subsidiaries. DRS Data Systems, Inc., a Restricted Subsidiary of the Borrower desires to sell its remaining assets (the "Data Asset Sale") to members of its management in exchange for a promissory note (the "Seller Note") in the amount of $2,813,000 as such amount may be adjusted in accordance with the terms contained in the definitive asset sale agreement. Although the Data Asset Sale is contemplated by Section 11.5(e) of the Credit Agreement, Section 11.8 of the Credit Agreement prohibits transactions with Affiliates unless prior written approval is given by the Required Lenders and Section 11.3 of the Credit Agreement prohibits the Borrower and its Restricted Subsidiaries from making the loan contemplated by the Seller Note without the consent of the Required Lenders. The Borrower has requested that the Lenders (a) waive the Default and Event of Default resulting from the breach of Section 11.3 of the Credit Agreement on account of the Acquisition Funding, (b) consent to the Borrower's sale of certain assets of DRS Data Systems, Inc. to an Affiliate of the Borrower and to the financing of the Data Asset Sale with the Seller Note, and (c) amend the Credit Agreement in certain respects as more fully described below; Subject to the terms and conditions of this Agreement, the Administrative Agent and the Lenders are willing to agree to the requested waivers, consents ...
STATEMENT OF PURPOSE. The Borrower has requested, and, subject to the terms and conditions hereof, the Administrative Agent and the Lenders have agreed, to extend a term loan facility to the Borrower on the terms and conditions of this Agreement.
STATEMENT OF PURPOSE. The purpose of this agreement is to facilitate student academic transfer and provide a smooth transition from Southern Maine Community College (SMCC) to University of Southern Maine (USM). It is recognized that this agreement shall describe the required program of study at SMCC for admission eligibility to USM and the degree program indicated.
STATEMENT OF PURPOSE. The Lenders have extended certain credit facilities to the Borrowers pursuant to the Credit Agreement, dated October 2, 2008 by and among the Borrowers, the Lenders and the Administrative Agent (as amended, restated, supplemented or otherwise modified from time to time, the "Credit Agreement"). The Borrowers have requested that the Lenders amend the Credit Agreement pursuant to the terms of this Amendment. Subject to the terms and conditions set forth herein, the Lenders party hereto are willing to agree to such modifications.
STATEMENT OF PURPOSE. The Grant Activity is for scientific and/or educational purposes only and will not promote Novartis’ products, directly or indirectly. The Grant Amount is not being given in exchange for any explicit or implicit agreement to purchase, prescribe, recommend, influence or provide favorable formulary status for any of Novartis’ products. The Grant Amount is based upon a budget provided to Novartis by Grant Recipient reflecting a good faith estimate of the actual cost of the Grant Activity. The Grant Amount has not been determined in a manner that takes into account the volume or value of referrals or business, if any, generated between Novartis and Grant Recipient or any of their respective officers, directors, employees, agents, affiliates, parents or subsidiaries.
STATEMENT OF PURPOSE. The Guild and the District agree that the period during which prospective members of the permanent faculty of the San Diego Community College District are reviewed for tenure is understood best as a continuation of the search and selection process. In fact, the parties regard the tenure recommendation made to the Chancellor and the Board of Trustees as even more important than the initial decision to hire. The parties affirm that tenure review by faculty and administrators must be a careful and thorough process, since it is one which will result in a decision crucial to the faculty member's professional future and to the future quality of our colleges' academic programs. Consequently, tenure decisions generally will be made at the end of the fourth (4th) probationary year, except in cases of rare and compelling circumstances. A faculty member must have served in paid status (includes half-salary sick leave) seventy-five percent (75%) or more of the number of days in the assigned academic year in order to have that year count as a year served.
