Article VII. The Borrower also shall deposit cash collateral pursuant to this paragraph as and to the extent required by Section 2.09(b). Each such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the Borrower under this Agreement. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent and at the Borrower's risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse an Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of Lenders with LC Exposure representing greater than 66⅔% of the total LC Exposure), be applied to satisfy other obligations of the Borrower under this Agreement. If the Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the Borrower within three Business Days after all Events of Default have been cured or waived. If the Borrower is required to provide an amount of cash collateral hereunder pursuant to Section 2.09(b), such amount (to the extent not applied as aforesaid) shall be returned to the Borrower as and to the extent that, after giving effect to such return, the Borrower would remain in compliance with Section 2.09(b) and no Default shall have occurred and be continuing.
Article VII. The buyer agrees to cut and remove the timber, subject of this agreement, in strict accordance with the following conditions: (8) The clauses of this article are designed to instruct the buyer on how this particular logging operation is to be carried out and what special restrictions you wish the buyer to follow. This is the section of the contract which is most often tailored to your particular management plan. Many of these clauses are self-explanatory.
Article VII. Developer shall not object to the Town or the Trustees intervening in the Commission’s Article VII review of the Project.
Article VII. Article VII of the Purchase Agreement is hereby incorporated mutatis mutandis into this Joinder Agreement in its entirety.
Article VII. D. of the Current Agreement shall be deleted in full and replaced with the following: Upon notice by the Guild or any writer covered by this Agreement, Sesame will make an additional flat fee contribution, not to exceed $2,300, which amount represents any shortfall in contributions (i.e., the percentage of earnings paid by Xxxxxx as a contribution to the Writers Guild Industry Health Fund (the “Fund”) on behalf of a writer employed by Sesame under the Agreement) necessary to hit the threshold required for a writer to receive full health benefits in accordance with the terms of the Fund (the “Contribution”). Notwithstanding the foregoing, in no event will Sesame make the Contribution to a writer who: (i) is a Sesame Workshop employee and receiving Sesame health benefits; (ii) does not have earnings from Sesame of at least $35,000 in a single writers’ annual WGA earning period; and (iii) has WGA earnings from another source which supplement the Sesame earnings, and which trigger the benefits under the Fund (and Sesame may request such information from the Guild and will rely on the Guild’s good faith representation regarding the same).
Article VII. Article VII of the Credit Agreement is amended by adding a new Section 7.16 thereto to read in its entirety as follows:
Article VII. Representations and Warranties of the Property Trustee and the Delaware Trustee Section 7.01. Property Trustee . . . . . . . . . . . . 29 Section 7.02. Delaware Trustee . . . . . . . . . . . . 30 ARTICLE VIII.
Article VII. The third parenthetical in the preamble to Article VII of the Credit Agreement is amended to read as follows: “(other than the Excluded Subsidiaries but for purposes of Sections 7.01 and 7.07 CEPM shall not be an Excluded Subsidiary)”
Article VII. (a) Section 7.01(k) to the Credit Agreement is hereby amended by adding the following language at the end thereof: “or the occurrence of a Canadian Defined Benefit Pension Termination Event; or”
