Opening of New Account Sample Clauses

Opening of New Account. If the Security Agent or any other Finance Party ---------------------- receives or is deemed to be affected by actual or constructive notice, of any subsequent Encumbrance or other instrument affecting any part of the Security Assets and/or the proceeds of realisation thereof, the Security Agent and the other Finance Parties may open a new account for the Company. If the Security Agent or any other Finance Party does not open a new account it shall nevertheless be treated as if it had done so at the time when the Security Agent or, if earlier, such other Finance Party received or was deemed to have received notice, and as from that time all payments made to the Security Agent or such other Finance Party shall be credited or be treated as having been credited to the new account and shall not operate to reduce the amount for which this Deed is security.
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Opening of New Account. 7.10.1 If the Bank receives or is deemed to be affected by notice (actual or constructive) of any subsequent security or other interest affecting the Collateral or if the continuing nature of the provisions set out in this paragraph 7 is terminated for any reason, upon the commencement of any form of bankruptcy or insolvency proceeding affecting the Customer or if any provision of this paragraph 7 ceases to be binding on the Customer, the Bank may rule off the Customer’s then subsisting Account or Accounts and open a new Account in the name of the Customer.
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Opening of New Account. Guarantor will open a new account with Prudential ("Guarantor's Account"), and will deposit into such account 30,000 shares of the Common Stock of Syncor International Corporation ("Syncor"). Syncor Common Stock ("Syncor Stock") closed at $26.90 per share on December 4, 2001.
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Opening of New Account. If for any reason this Deed ceases to be a continuing security, the Secured Parties may either continue any then existing account or open one or more fresh accounts for the Principals, but in either case the obligations of the Guarantors under this Deed shall remain unaffected by, and be computed without regard to, any payment into or out of any such account.
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Related to Opening of New Account

  • IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial organizations to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, you are required to provide your name, residential address, date of birth, and identification number. We may require other information that will allow us to identify you.

  • Making of New Term Loans On any Increase Effective Date on which new Commitments for Term Loans are effective, subject to the satisfaction of the foregoing terms and conditions, each Lender of such new Commitment shall make a Term Loan to Borrower in an amount equal to its new Commitment.

  • Issuance of New Notes Whenever the Company is required to issue a new Note pursuant to the terms of this Note, such new Note (i) shall be of like tenor with this Note, (ii) shall represent, as indicated on the face of such new Note, the Principal remaining outstanding (or in the case of a new Note being issued pursuant to Section 17(a) or Section 17(c), the Principal designated by the Holder which, when added to the principal represented by the other new Notes issued in connection with such issuance, does not exceed the Principal remaining outstanding under this Note immediately prior to such issuance of new Notes), (iii) shall have an issuance date, as indicated on the face of such new Note, which is the same as the Issuance Date of this Note, (iv) shall have the same rights and conditions as this Note, and (v) shall represent accrued and unpaid Interest and Late Charges on the Principal and Interest of this Note, from the Issuance Date.

  • Issuance of New Note Upon any partial conversion of this Note, a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Borrower to the Holder for the principal balance of this Note and interest which shall not have been converted or paid. The Borrower will pay no costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

  • Notification of New Employer In the event that I leave the employ of the Company, I hereby consent to the notification of my new employer of my rights and obligations under this Agreement.

  • Issuance of New Rights Certificates Notwithstanding any of the provisions of this Agreement or of the Rights to the contrary, the Company may, at its option, issue new Rights Certificates evidencing Rights in such form as may be approved by the Board of Directors to reflect any adjustment or change in the Purchase Price and the number or kind or class of shares or other securities or property purchasable under the Rights Certificates made in accordance with the provisions of this Agreement. In addition, in connection with the issuance or sale of shares of Common Stock following the Distribution Date and prior to the redemption or expiration of the Rights, the Company (a) shall, with respect to shares of Common Stock so issued or sold pursuant to the exercise of stock options or under any employee plan or arrangement, granted or awarded as of the Distribution Date, or upon the exercise, conversion or exchange of securities hereinafter issued by the Company, and (b) may, in any other case, if deemed necessary or appropriate by the Board of Directors of the Company, issue Rights Certificates representing the appropriate number of Rights in connection with such issuance or sale; provided, however, that (i) no such Rights Certificate shall be issued if, and to the extent that, the Company shall be advised by counsel that such issuance would create a significant risk of material adverse tax consequences to the Company or the Person to whom such Rights Certificate would be issued, and (ii) no such Rights Certificate shall be issued if, and to the extent that, appropriate adjustment shall otherwise have been made in lieu of the issuance thereof.

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