Commencing on the Closing Date Sample Clauses

Commencing on the Closing Date the Company shall employ the Executive and the Executive shall accept employment by the Company, upon the terms and conditions set forth in this Agreement.
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Commencing on the Closing Date the Borrower shall pay to the Administrative Agent, for the account of the Lenders, a non-refundable commitment fee at a rate per annum equal to the Applicable Margin on the average daily unused portion of the Commitments. The commitment fee shall be payable in arrears on the last Business Day of each calendar quarter during the term of this Agreement commencing December 31, 2005 and ending on the Revolving Credit Termination Date. Such commitment fee shall be distributed by the Administrative Agent to the Lenders pro rata in accordance with the Lenders' respective Percentages.
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Commencing on the Closing Date. Borrower shall, and shall cause each other Loan Party to grant to Agent an Acceptable Security Interest in the Material Real Property within the time periods required by this Agreement. Notwithstanding the foregoing, Agent shall subordinate such Acceptable Security Interest in such Collateral as is necessary to grant to the United States government or agency thereof a first priority lien on assets required by the government or agency thereof in connection with any financing in excess of $10,000,000 being provided by such United States government or agency thereof, so long as the terms of such financing are consented to by Agent, such consent not to be unreasonably conditioned, delayed or withheld. Upon any such subordination the applicable interest rate on any Loans will increase by 3.0% so long as such subordination is in effect.
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Commencing on the Closing Date the Borrower Consolidation shall maintain a minimum DSC Ratio no less than 1.50 to 1.0 calculated as of the end of each Fiscal Quarter.
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Commencing on the Closing Date the Borrower shall pay to the Agent, for the account of the New Facility Lenders that have not fully funded their respective Commitment Percentage of New Facility Loans on the Closing Date, a non-refundable commitment fee on the average daily unused portion of the New Facility Commitment, at a rate per annum of two percent (2%). The commitment fee shall be payable monthly in arrears on the last Business Day of each month during the term of this Agreement. Such commitment fee shall be distributed by the Agent to such New Facility Lenders PRO RATA in accordance with the New Facility Lenders' respective New Facility Commitment Percentages.
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Related to Commencing on the Closing Date

  • Tax Periods Ending on or Before the Closing Date Buyer shall prepare or cause to be prepared and file or cause to be filed all Tax Returns for the Company and the Company Subsidiary for all periods ending on or prior to the Closing Date which are required to be filed (taking into account all extensions properly obtained) after the Closing Date.

  • The First Closing Date Delivery of certificates or electronic book entries, as applicable, for the Firm Shares to be subscribed for by the Underwriters and payment therefor shall be made at the offices of Xxxxxxxxx & Xxxxxxx LLP (or such other place as may be agreed to by the Company and the Representative) at 9:00 a.m. New York City time, on [—], or such other time and date not later than 1:30 p.m. New York City time, on [—] as the Representative shall designate by notice to the Company (the time and date of such closing are called the “First Closing Date”). The Company hereby acknowledges that circumstances under which the Representative may provide notice to postpone the First Closing Date as originally scheduled include, but are not limited to, any determination by the Company or the Representative to recirculate to the public copies of an amended or supplemented Prospectus or a delay as contemplated by the provisions of Section 11.

  • The Closing Date Delivery of certificates for the Securities in definitive form to be purchased by the Underwriters and payment therefor shall be made at the offices of Xxxxxx Xxxxxx & Xxxxxxx llp, 00 Xxx Xxxx, Xxx Xxxx, Xxx Xxxx 00000 (or such other place as may be agreed to by the Company and the Representatives) at 9:00 a.m. New York City time, on December 17, 2020 or such other time and date as the Representatives shall designate by notice to the Company (the time and date of such closing are called the “Closing Date”).

  • Closing Date The date and time of the first issuance and sale of the Note pursuant to this Agreement (the “Closing Date”) shall be on or about May 15, 2019, or such other mutually agreed upon time. The closing of the transactions contemplated by this Agreement (the “Closing”) shall occur on the Closing Date at such location as may be agreed to by the parties.

  • Initial Closing Date The obligation of the Company hereunder to issue and sell the Initial Preferred Shares to each Buyer at the Initial Closing is subject to the satisfaction, at or before the Initial Closing Date, of each of the following conditions, provided that these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof:

  • Holiday Falling on a Scheduled Workday An employee who works on a designated holiday which is a scheduled workday shall be compensated at the rate of double-time for hours worked, plus a day off in lieu of the holiday; except for Christmas and New Year's when the compensation shall be at the rate of double-time and one-half for hours worked, plus a day off in lieu of the holiday.

  • Funding Date The obligations of the Lenders to make Loans and of the Issuing Banks to issue Letters of Credit hereunder shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.02):

  • Holiday Falling on a Day of Rest (a) When a paid holiday falls on an employee's day of rest, the employee shall be entitled to a day off with pay in lieu.

  • Meal Period ‌ A Contractor shall schedule an unpaid period of not more than 1/2 hour duration at the work location between the 3rd and 5th hour of the scheduled shift. A Contractor may, for efficiency of operation, establish a schedule which coordinates the meal periods of two or more crafts or which provides for staggered lunch periods within a craft or trade. If an employee is required to work through the meal period, the employee shall be compensated in a manner established in the applicable Schedule A.

  • Execution Date This Settlement Agreement shall be deemed executed upon the last date of execution by all of the undersigned.

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