Applicable Anniversary definition

Applicable Anniversary has the meaning specified in Section 2.22(a).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Applicable Anniversary means, with respect to Perpetual Preferred Stock, the one year anniversary, and with respect to Perpetual-1 Preferred Stock, the five year anniversary.

Applicable Anniversary means with respect to (i) senior vice presidents and executives of higher standing in the Company, a two-year period, (ii) vice presidents, a one-year period and (iii) directors, a six-month period.

Examples of Applicable Anniversary in a sentence

The Administrative Agent shall notify the Borrower of each Lender’s determination under this Section no later than the date that is 15 days prior to the Applicable Anniversary Date (or, if such date is not a Business Day, on the next preceding Business Day).
The Administrative Agent shall notify the Borrower of each Lender’s determination under this Section no later than the date 15 days prior to the Applicable Anniversary Date (or, if such date is not a Business Day, on the next preceding Business Day).
The Assuming Bank shall have the right, without consent of the Receiver, to undertake a Portfolio Sale as to all or any portion of the Portfolio Sale Loans at any time within nine (9) months prior to the Applicable Anniversary of the Commencement Date, as so extended.
The Administrative Agent shall notify the Company of each Lender’s determination under this Section 2.14 no later than the date 15 days prior to the Applicable Anniversary Date (or, if such date is not a Business Day, on the next preceding Business Day).
The Administrative Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not later than 30 days prior to the Applicable Anniversary, notify the Borrower and the Administrative Agent in writing as to whether such Lender will consent to such extension.
The Administrative Agent shall notify the Borrower not later than 25 days prior to the Applicable Anniversary of the decision of the Lenders regarding the Borrower’s request for an extension of the Maturity Date.
If Host desires to exercise this option, it shall within ninety (90) days prior to the Applicable Anniversary Date notify Provider of its election to exercise the option, and on or before such Applicable Anniversary Date shall pay the purchase price to Provider by electronic transfer in immediately available funds to an account designated by Provider.
Administrative Agent shall notify Borrower of each Lender’s determination under this Section no later than the date 15 days prior to the Applicable Anniversary Date (or, if such date is not a Business Day, on the next preceding Business Day).
The Agent shall notify the Borrower not later than 25 days prior to the Applicable Anniversary of the decision of the Lenders regarding the Borrower’s request for an extension of the Termination Date.
If any Lender shall fail to notify the Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 30 days prior to the Applicable Anniversary, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request.

More Definitions of Applicable Anniversary

Applicable Anniversary means December 30, 2007 prior to the ICC Approval Date, and from and after the ICC Approval Date, such term means December 31, 2005.

Applicable Anniversary means: (a) with respect to one-third of the Covered Shares, exclusive of fractional shares, the first anniversary of the Date of Grant;