therefor Clause Samples

therefor. Any insurance proceeds in respect of a casualty, loss or taking will be applied either to the repair or restoration of all or part of the Underlying Mortgaged Property or the payment of the outstanding principal balance of the related Purchased Asset together with any accrued interest thereon. The Underlying Mortgaged Property is insured by an insurance policy, issued by an insurer meeting the requirements of such Purchased Asset (or in the case of a Participation Interest or Mezzanine Loan, of the Underlying Mortgage Loan) and having a claims-paying or financial strength rating of at least A:X from A.M. Best Company or “A” (or the equivalent) from S&P, Fitch or ▇▇▇▇▇’▇. An architectural or engineering consultant has performed an analysis of each of the Mortgaged Properties located in seismic zones 3 or 4 in order to evaluate the structural and seismic condition of such property, for the sole purpose of assessing the probable maximum loss (“PML”) for the Underlying Mortgaged Property in the event of an earthquake. In such instance, the PML was based on a return period of not less than 100 years, an exposure period of 50 years and a 10% probability of exceedence. If the resulting report concluded that the PML would exceed 20% of the amount of the replacement costs of the improvements, earthquake insurance on such Underlying Mortgaged Property was obtained by an insurer rated at least A:X by A.M. Best Company or “A” (or the equivalent) from S&P, Fitch or ▇▇▇▇▇’▇. The insurer issuing each of the foregoing insurance policies is qualified to write insurance in the jurisdiction where the Underlying Mortgaged Property is located.
View SourceView Similar (2)
therefor. Time shall be of the essence, and delivery at the time and place specified in this Agreement is a further condition to the obligations of the Underwriters. (f) Delivery of Prospectus to the Underwriters. Not later than 12:00 noon, San Francisco time, on the second business day following the date the Shares are released by the Underwriters for sale to the public, the Company shall deliver or cause to be delivered copies of the Prospectus in such quantities and at such places as the Representatives shall request.
View Source
therefor. 2.1. The Parties agree in principle that in order for the NCFB to be able to continue to offer its services to the community in the future it is the intention of both Parties that NBHD will lease bare ground (a Ground Lease Agreement) on the NBHD campus to the NCFB for the purpose of constructing a new building to house the NCFB. Although NCFB would lease a portion of the NBHD property, the new building would be constructed and owned by the NCFB. 2.2.1 The Parties will enter into timely negotiations to determine the details of such a Ground Lease Agreement subject to: 2.2.2 The NBHD is in the process of developing a Strategic Plan for its future business operations. As part of this effort it will be exploring options for new or expanded uses for its campus and may consider options for the area described in 2.3.1 below. These options may include additional uses or ownership scenarios that could modify any Ground Lease Agreement with the NCFB. 2.2.3 In order that there will be no interruption in the NCFB’s provision of services to its clients at the NBHD campus, the Parties agree that the NBHD will continue to lease the space that the NBFB currently occupies, under substantially the same terms as are presently in place, to the NCFB, until there is an Agreement by the Parties on a practical and actionable plan for the construction of a new building to house the NCFB. Furthermore, the Parties agree that once there is such an Agreement on a plan, the NBHD will continue to lease said space to the NCFB for approximately two additional years, such time to be used by the NCFB, and/or any partners in the proposed new building, to fundraise for, design, construct and equip the new building. If the NBHD building should become legally uninhabitable during the time period contemplated by this Section 2.2.3 then the NBHD shall have no further obligations to the NCFB. The NBHD will use good faith efforts to maintain the building and keep the systems operational during this time. 2.2.4 The NBHD intends that the Strategic Planning process will conclude on or about February 15, 2019. It is the intention of the Parties that an Agreement on a practical and actionable plan for the construction of a new building to house the NCFB can be promptly concluded at that time.
View Source
therefor. TO DELETE THE TERMS OF SECTION 3.8 (15) OF THE FACILITIES ---------------- AGREEMENT IN THEIR ENTIRETY AND TO SUBSTITUTE THE FOLLOWING THEREFOR:
View Source
therefor. At the discretion of the Operations Committee, Executive may pay the exercise price either (a) in cash or (b) by delivering to the Company nonforfeitable, non-restricted shares of Common Stock that have been owned by Executive for at least six (6) months prior to the date of exercise (which shares shall be valued on the basis of their fair market value at the close of trading on the date of such exercise (or, if such date is not a trading day, at the closing price on the nearest preceding trading day). Additionally the requirement of payment in cash shall be deemed satisfied if the Executive makes arrangements that are satisfactory to the Company with a broker that is a member of the National Association of Securities Dealers, Inc. to sell a sufficient number of the shares of Common Stock, which are being purchased pursuant to the exercise, so that the net proceeds of the sale transaction will at least equal the amount of the aggregate exercise price and all related tax withholding amounts and pursuant to which the broker undertakes to deliver to the Company the amount of the aggregate exercise price and such tax withholding amounts not later than the date on which the sales transaction will settle in the ordinary course of business.
View Source
therefor. Therefore the parties wish to consummate a financing arrangement, pursuant to the terms of this agreement.
View Source
therefor. The Seller will pay all stamp and other transfer taxes, if any, that may be payable in respect of the sale and delivery of the Common Shares.
View Source
therefor. 2.1. The Parties agree in principle that in order for the NCFB to be able to continue to offer its services to the community in the future it is the intention of both Parties that NBHD will lease bare ground (a Ground Lease) on the NBHD campus to the NCFB for the purpose of constructing a new building to house the NCFB. Although NCFB would lease a portion of the NBHD property, the new building would be constructed and owned by the NCFB.
View Source
therefor. The Company and the Selling Stockholder shall also deliver, or cause to be delivered a credit representing the Option Shares to an account or accounts at The Depository Trust Company as designated by the Representatives for the accounts of the Representatives and the several Underwriters, at the First Closing Date or the Second Closing Date, as the case may be, against the irrevocable release of a wire transfer of immediately available funds for the amount of the purchase price therefor. Time shall be of the essence, and delivery at the time and place specified in this Agreement is a further condition to the obligations of the Underwriters.
View Source

Related to therefor

  • Therefore the parties agree as follows:

  • Demand Upon termination of this contract, either party or the escrow agent may send a release of ▇▇▇▇▇▇▇ money to each party and the parties shall execute counterparts of the release and deliver same to the escrow agent. If either party fails to execute the release, either party may make a written demand to the escrow agent for the ▇▇▇▇▇▇▇ money. If only one party makes written demand for the ▇▇▇▇▇▇▇ money, escrow agent shall promptly provide a copy of the demand to the other party. If escrow agent does not receive written objection to the demand from the other party within 15 days, escrow agent may disburse the ▇▇▇▇▇▇▇ money to the party making demand reduced by the amount of unpaid expenses incurred on behalf of the party receiving the ▇▇▇▇▇▇▇ money and escrow agent may pay the same to the creditors. If escrow agent complies with the provisions of this paragraph, each party hereby releases escrow agent from all adverse claims related to the disbursal of the ▇▇▇▇▇▇▇ money.

  • Invoice The original and duplicate invoices covering each and every shipment made against this order showing Contract number, Vendor number, and other essential particulars, must be forwarded promptly to the ordering agency concerned by the Vendor to whom the order is issued. Delays in receiving invoice and also errors and omissions on statements will be considered just cause for withholding settlement without losing discount privileges. All accounts are to be carried in the name of the agency or institution receiving the goods, and not in the name of the Division of Purchases.

  • For a Full-time employee payment for overtime work shall be made: (a) at the employee's hourly rate multiplied by one and one-half (1 ½) times the hours worked; (b) for overtime worked in excess of four (4) hours in one (1) week, at the employee's hourly rate multiplied by two (2) times the excess hours worked.

  • Requesting that District employee(s) evaluate the Consultant and the Consultant’s employees and subcontractors and each of their performance.