Re-Set Date definition
Re-Set Date. The term "Re-Set Date" as used in this Agreement shall have the meaning given to such term in paragraph 1(viii) of Exhibit B to this Agreement.
Re-Set Date means the first day immediately following the Expiration, and each five year anniversary thereof. In the event of a dispute with respect to the calculation of Rent, the parties shall engage in good faith discussions in an effort to resolve such dispute and failing such a resolution, the amount of Rent shall be determined pursuant to arbitration by a mutually agreeable expert familiar with hotel management agreements and limited service hotels and the parties shall provide to such expert such information as such expert shall deem necessary or appropriate to make the determinations set forth hereunder. Until resolution of any such dispute, the amount of Rent shall be determined by Lessee in good faith, and in the event that Lessee is unable to make such a determination in good faith then pending resolution of such dispute Rent shall be the amount set forth in clause (a) of the proviso of the first sentence of this Section 1.86.
Re-Set Date means consecutive numerically corresponding dates during the term of this Agreement, the first of which Re-Set Dates shall occur on a Working Day to be designated by the Bank, which Working Day shall not be earlier than five (5) Working Days or later than fifteen (15) Working Days subsequent to the date upon which the Loan is advanced. Each subsequent Re-Set Date during the term of this Agreement shall be the date in each subsequent calendar month during the term of this Agreement which numerically corresponds to the first Re-Set Date during the term of this Agreement, provided, however, that if the numerically corresponding date in any such subsequent calendar month during the term of this Agreement shall not be a Working Day, the Re-Set Date for such calendar month shall be the next succeeding Working Day, unless the next such succeeding Working Day would fall in the next calendar month, in which event the Re-Set Date for such calendar month shall be the next preceding Working Day. For the purposes of this Agreement the period of time between any two consecutive Re-Set Dates during the term of this Agreement shall be deemed to be a period of one month.
Examples of Re-Set Date in a sentence
Each interest rate from time to time so selected by Borrower is to take effect and is to end on a Re-Set Date.
The period from the Cut-Off Date to the earlier of (a) the Re-Set Date (including such Payment Date) and (b) the occurrence of a Rapid Amortization Event.
If Borrower does not select an interest rate by written notice given to Lender at least three (3) banking days prior to a particular Re-Set Date, the interest rate applicable to the principal balance for such Re-Set Date is to be the applicable alternate variable rate set forth in Sections 1.4(a) and 1.4(c) of this Agreement.
Except as hereinafter specifically provided to the contrary in this paragraph, the Borrower shall not have the right to select more than one LIBOR Rate to take effect on any given Re-Set Date.
The Company shall instruct the transfer agent to issue the respective common stock certificates without restrictive legend in the name of the Subscribers or such persons as may be designated by the Subscribers representing the number of shares of the Issuer's common stock issuable upon each respective Conversion Date, Re-Set Date and Warrant Exercise Date, as applicable, and deliver such shares to escrow within three trading days of the respective Conversion Date, Re-Set Date and Warrant Exercise Date.
More Definitions of Re-Set Date
Re-Set Date has the meaning assigned in Schedule 2.2(1)(g).
Re-Set Date means the first day of the first calendar month which is not less than three (3) Business Days after the first advance under the Credit Facility. Each subsequent Re-Set Date during the term of the Credit Facility shall be the date in each subsequent calendar month during the term of the Credit Facility which numerically corresponds to the first Re-Set Date during the term of the Credit Facility, provided, however, that if the numerically corresponding date in any such subsequent calendar month during the term of the Credit Facility shall not be a Business Day, the Re-Set Date for such calendar month shall be the next succeeding Business Day, unless the next such succeeding Business Day would fall in the next calendar
Re-Set Date as defined in Section 1.4(e) "Tangible Net Worth" - as defined in Section 7.15
Re-Set Date means consecutive numerical corresponding dates during the term of this Agreement, the first of which Re-Set Dates is the first date that an advance is made for which the Borrower has an option to select a LIBOR Rate for a particular principal advance. Each subsequent Re-Set Date for a particular principal advance during the term of this Agreement is to be the date in each subsequent calendar month during the term of this Agreement which numerically corresponds to the first Re-Set Date for that advance and which next follows the expiration of an applicable Interest Period, provided, however, that if the numerically corresponding date in any such subsequent calendar month during the term of this Agreement is not a banking day, the Re-Set Date for such calendar month is to be the next succeeding banking day, unless the next such succeeding banking day would fall in the next calendar month, in which event the Re-Set Date for such calendar month is to be the next preceding banking day.
Re-Set Date means consecutive numerically corresponding dates during the term of this Agreement, the first of which Re-Set Dates shall be August __, 1997. Each subsequent Re-Set Date during the term of this Agreement shall be the date in each subsequent calendar month during the term of this Agreement which numerically corresponds to the first Re-Set Date during the term of this Agreement; provided, however, that if the numerically corresponding date in any such subsequent calendar month during the term of this Agreement shall not be a Business Day, the Re-Set Date for such calendar month shall be the next succeeding Business Day, unless the next such succeeding Business Day would fall in the next calendar month, in which event the Re-Set Date for such calendar month shall be the next preceding Business Day. For the purposes of this Agreement, the period of time between any two consecutive Re-Set Dates during the term of this Agreement shall be deemed to be a period of one month. Roll Over Date applicable to a particular Interest Period shall mean the last day of such Interest Period.
Re-Set Date means consecutive numerically corresponding dates during the term of the Credit Facility, the first of which Re-Set Dates shall occur on a Business Day to be designated by Agent which Business Day shall
Re-Set Date. Defined in paragraph 1(vi) of Exhibit C to this Commitment.