Temporary Increase Period Sample Clauses

Temporary Increase Period. For purposes of this Amendment, this Amendment will be effective only for the period from and including January 13, 2006 through but not including April 13, 2006 (the “Temporary Increase Period”).
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Temporary Increase Period. During the Temporary Increase Period, (a) with respect to Mortgage Assets that are eligible for the CDO Securitization and that the Buyer has agreed to purchase (other than Over-Advance Assets), the Seller may elect, on or before the related Purchase Date by written notice to the Buyer, the Advance Rates and the Pricing Spreads reflected on Schedule 1 to this Amendment No. 3 (collectively, the "Ramp-Up Pricing") in lieu of the Advance Rate and Pricing Spreads contained in the Fee Letter that are otherwise applicable to such Mortgage Assets (each such Purchased Asset, a "Ramp-Up Asset"), (b) the Unused Fee shall not accrue on the unused portion of the Temporary Increase Amount (but it shall accrue on the unused portion of the Maximum Amount in effect prior to Amendment No. 2 (i.e., $150,000,000) subject to the terms of the Fee Letter) and (c) a commitment fee shall be payable by the Seller to the Buyer on the Temporary Increase Amount only in accordance with clause (b) of the second to last sentence of this Section 24. In the event the Seller elects the Ramp-Up Pricing for any Purchased Asset and any such Ramp-Up Assets are not repurchased by the Seller and sold into the CDO Securitization on or before the Temporary Increase Expiration Date, (i) the Ramp-Up Pricing shall cease to be effective with respect to each such Purchased Asset from and after the Temporary Increase Expiration Date and, thereafter, the Advance Rate and Pricing Spread for each such Purchased Asset shall be the applicable Pricing Spread and Advance Rate set forth in the Fee Letter and (ii) the Seller shall, on or before the Temporary Increase Expiration Date, make principal payments to the Buyer as necessary so that the Purchase Price outstanding for each such Ramp-Up Asset is equal to or less than the Purchase Price based on the applicable Advance Rate set forth in the Fee Letter. On or before the Temporary Increase Expiration Date, the Seller shall either (a) pay to the Buyer the aggregate outstanding Temporary Increase Indebtedness, any accrued Price Differential thereon and any related Breakage Costs or (b) provided the CDO Securitization has not closed, (i) the Seller shall pay to the Buyer on the Temporary Increase Expiration Date a commitment fee in the amount of the product of the Temporary Increase Amount and 00 xxxxx xxxxxx, (xx) the Maximum Amount shall remain at $350,000,000 subject to the definition thereof, and (iii) the Unused Fee shall commence accruing based on the full ...
Sample 1
Temporary Increase Period. Section 53 of Exhibit I to the Loan Agreement is deleted in its entirety and the following substituted therefor:
Sample 1

Related to Temporary Increase Period

  • Salary Increase 46.01 Effective July 1, 2020 an increase equal to 1% will be added to the job rates and to the salaries of all employees. Effective July 1, 2021 an increase equal to 1% will be added to the job rates and to the salaries of all employees. Effective July 1, 2022 an increase equal to 1% will be added to the job rates and to the salaries of all employees.

  • Salary Increases During the period of employment as provided in Paragraph 1(b) hereof, the base salary of the Executive shall be reviewed no less frequently than annually by the Board or the Compensation Committee of the Board to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the performance thereof, and if it is determined that an increase is merited, such increase shall be promptly put into effect and the base salary of the Executive as so increased shall constitute the base salary of the Executive for purposes of Paragraph 3(a).

  • Annual Increases On each anniversary of Employee's termination from employment, any remaining amounts to be paid during the next year pursuant to this Paragraph 9 shall be increased to an amount equal to one hundred ten percent (110%) of the amounts required to be paid by Employer hereunder under the provisions of this Paragraph 9 during the preceding year.

  • General Salary Increase 1. Effective with the start of the pay week commencing closest to September 1, 2013, employees shall be provided an across-the-board salary increase of one percent (1%). Salary schedules shall be increased accordingly.

  • Termination, Reduction and Increase of Commitments (a) Unless previously terminated, the Commitments shall terminate on the Maturity Date.

  • Salary Increments The Employer may grant an increment for meritorious service after an Employee has served for a period of twelve (12) months following the day established in Article 25.07 or twelve (12) months following the date of a change in his rate of compensation as established in Articles 25.04, 25.05, or 25.06.

  • Voluntary Increase The Company from time to time may increase the Conversion Rate by any amount for any period of time. Whenever the Conversion Rate is increased, the Company shall mail to Securityholders and file with the Trustee and the Conversion Agent a notice of the increase. The Company shall mail the notice at least 15 days before the date the increased Conversion Rate takes effect. The notice shall state the increased Conversion Rate and the period it will be in effect. A voluntary increase of the Conversion Rate does not change or adjust the Conversion Rate otherwise in effect for purposes of Section 11.06, 11.07 or 11.08.

  • Wage Increase 1. The minimum hourly wage amounts in the salary table in column I (job grades 1 up to and includ- ing 3) concern the statutory minimum wage and are adjusted in the event of an increase in the statutory minimum wage.

  • Termination Reduction or Increase of the Commitments (a) The Company shall have the right, upon at least three Business Days' notice to the Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and provided further that (x) the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Competitive Bid Advances then outstanding, and (y) once terminated, a portion of a Commitment shall not be reinstated except pursuant to Section 2.05(c).

  • Wage Increases The wage rates in this Agreement will only be increased in accordance with any increases which may be awarded by the Australian Fair Pay Commission through wage reviews. The level of any increases will be such that the percentage wage increase as set out in Clause 15 of this agreement will be maintained. No additional increases in wage rates will apply to the rate of pay in Clause 15 of this Agreement while it is in operation.

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