Condition Subsequent means the execution and delivery to us by no later than September 20, 2004 of an amendment to the Financing Agreement amending Section 7.10 thereof to add an EBITDA covenant on a consolidated, rolling three-month basis for Konsyl Pharmaceuticals, Inc and Pharmaceutical Formulations, Inc., in form and substance and on terms and conditions satisfactory to us. The failure by you to fulfill the Condition Subsequent within the time specified above shall constitute an Event of Default under Section 10.1 of the Financing Agreement and we may exercise immediately any and all rights and remedies granted to us under the Financing Agreement. In consideration of (i) our execution of this Amendment Letter you agree to pay us an Accommodation Fee of $30,000.00 and (ii) the preparation of this agreement by our in-house legal department you agree to pay us a Documentation Fee of $350.00. Such fees shall be due and payable in full on the date hereof and may, at our option, be charged to your loan account on the due date thereof. We reserve all our rights and remedies under the Financing Agreement which we may exercise at any time against you and any guarantors or pledgors, including without limitation the rights to terminate the Financing Agreement, demand payment of all of your Obligations, commence legal action to enforce collection thereof, and realize upon your Accounts and/or all other Collateral pledged to us under or in connection with the Financing Agreement. Nothing contained herein shall be construed as a waiver of our rights to exercise at any time any other right or remedy available to us under the Financing Agreement, the guaranties or applicable law. Except as set forth herein, no other waiver of, or change in, any of the terms, provisions or conditions of the Financing Agreement is intended or implied. This agreement shall not constitute a waiver of any other existing Defaults or Events of Default under the Financing Agreement (whether or not we have knowledge thereof), and shall not constitute a waiver of any future Defaults or Events of Default whatsoever. If the foregoing is in accordance with your understanding of our agreement, please so indicate by signing and returning to us the enclosed copy of this letter by no later than August 23, 2004. In addition, we have asked the Guarantor to sign below to confirm that its guarantee shall continue in full force and effect notwithstanding this agreement and the transactions contemplated hereby, and that the for...
Condition Subsequent means the execution and delivery of the Parent Guarantee and the Parent Pledge Agreement by the Company.
Examples of Condition Subsequent in a sentence
Condition Subsequent to Disbursement Date of Allotment:The Date of Allotment for each tranche will be finalized as mentioned in the applicable Term Sheet.
To discharge the Condition Subsequent within the CCRCD Joint Working Agreement (Clause 2.3).
The JWA contains a Condition Subsequent which sets out that the Councils shall consider and, if deemed appropriate, approve the terms of any Welsh Government funding conditions relating to the £375 million HM Treasury funding contribution as a Joint Committee Matter (JWA Clause 2.3), with the prior agreement of the Accountable Body (in consultation with the other Councils).
To discharge the Condition Subsequent within the Cardiff Capital Region City Deal (CCRCD) Joint Working Agreement (Clause 2.3).
On July 21, 2017, Concer entered into a Condition Subsequent Agreement with creditors for monthly amortization of the outstanding balance in 43 monthly and successive installments by February 2021.
More Definitions of Condition Subsequent
Condition Subsequent means all actions and documents set forth in Clause 15.1.
Condition Subsequent. This Agreement shall be null and void and of no force or effect if the proposed spin-off of the Company from Corning Incorporated described in the Company's Form F10 dated September 20, 1996 and filed with the Securities & Exchange Commission is not consummated. Employment Agreement Covance Inc. and Xxxxxxxxxxx Xxxxxxx Page 23
Condition Subsequent means if at any time and any and all periods during which the net worth of Mystic Partners, LLC (calculated based on the undepreciated historical costs of the assets of Mystic Partners, LLC, as set forth on Schedule II to the Loan Agreement) is less than Fifty Million and No/100ths Dollars ($50,000,000.00). Notwithstanding anything contained in this Guaranty to the contrary, if (i) a Condition Subsequent occurs or is in existence at any time on or after the date on which Lender has accelerated the Loan in accordance with the Loan Agreement or (ii) Lender has commenced enforcement of this Guaranty, Lender shall at all times thereafter be entitled to enforce all of its rights and remedies hereunder.
Condition Subsequent means the conditions subsequent set out at GC 2.1.
Condition Subsequent as defined in Clause 3.1.
Condition Subsequent means the conditions to be fulfilled by the Concessionaire as setforth in clause 3.1;
Condition Subsequent has the meaning ascribed to such term in Section 2 of the Fifth Amendment to the USC Lease.