Payment of Acceptances Sample Clauses

Payment of Acceptances. Subject to Section 2.04 (l) and (m), each Canadian Borrower shall pay to each Canadian Tranche Lender the full face amount of each Acceptance accepted by such Canadian Tranche Lender for its account on the maturity date of such Acceptance. If an Acceptance matures and such Canadian Borrower has not made such payment, nor effected a Conversion or Rollover pursuant to Section 2.04(l) or (m), respectively, such Canadian Borrower shall be deemed to have provided for payment of the full face amount of the Acceptance by Conversion of such Acceptance into a Canadian Base Rate Loan in a principal amount equal to the full face amount of the Acceptance on its maturity date.
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Payment of Acceptances. The Borrower agrees to pay to the BA Lender or to its order the face amount of any such Acceptance in U.S. Dollars on the maturity date of such Acceptance.
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Payment of Acceptances. The Borrower shall pay the Lender the full face amount of each Acceptance accepted by the Lender on its maturity date.
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Payment of Acceptances. The Agent shall notify ---------------------- each Lender of the presentment to the Agent of any draft for acceptance hereunder, which notice shall include the amount of such draft and the maturity date thereof. Upon the acceptance of any Acceptance Draft, the Agent shall: (i) notify each Lender of the net proceeds thereof and the amount of such Lender's participation therein (acquired pursuant to the terms hereof) and (ii) credit the net proceeds thereof to the Borrower's account maintained with the Agent for such purpose. Such net proceeds shall be in an amount equal to the face amount of such Acceptance Draft less the applicable discount and commission. With respect to any ---- Acceptance Draft, the Acceptance Date of which is (X) prior to January 1, 1997 and (Y) at a time when the Benchmark Exposure is less than or equal to $18,000,000, such discount and commission shall be calculated as the product of (i) the face amount of such Acceptance Draft and (ii) the sum of (A) the Discount Rate per annum of the Agent in effect on the Acceptance Date of such Acceptance Draft, and (B) a commission rate per annum equal to the sum of (i) the product of .70% and 48%, which shall be for the account of Chemical and (ii) the product of the applicable Acceptance Draft Commission determined pursuant to the Pricing Grid contained in Section 2.06 hereof (the "Acceptance Draft Commission") and 52%, which shall be for the accounts of the Lenders other than Chemical. With respect to any Acceptance Draft, (X) the Acceptance Date of which is later than December 31, 1996 or which matures after December 31, 1996, with respect to each day after December 31, 1996 or (Y) the Acceptance Date of which is at any time when the Benchmark Exposure is in excess of $18,000,000, such discount and commission shall be calculated as the product of (i) the face amount of the Acceptance Draft and (ii) the sum of (A) the Discount Rate per annum of the Agent in effect on the Acceptance Date of such Acceptance Draft, and (B) the applicable Acceptance Draft Commission; provided, however, that with -------- ------- respect to any Acceptance Draft, the Acceptance Date of which was prior to January 1, 1997 and at a time when the Benchmark Exposure was less than or equal to $18,000,000, the discount and commission will continue to be determined pursuant to the previous sentence hereof through December 31, 1996. The Discount Rate and applicable commission shall be calculated for each Acceptance Draft on...
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Payment of Acceptances. Unless made subject to a Conversion or a Rollover, Cognos shall pay to the Canadian Agent for the account of each Canadian Revolving Lender the full face amount of each Acceptance accepted by that Canadian Revolving Lender or to the Canadian Swing Line Lender, as applicable, on the Period End Date of such Acceptance. If an Acceptance matures and Cognos has not made such payment or provided for its Conversion or Rollover, such Acceptance shall be deemed to be converted on its Period End Date into a Canadian Prime Rate Loan made available by the Canadian Lender that had accepted that Acceptance in a principal amount equal to its full face amount.
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Payment of Acceptances. 47 5.8 Waivers...........................................................................47 5.9
Sample 1
Payment of Acceptances. Unless made subject to a Conversion or a Rollover, the Borrower shall pay to each Lender the full face amount of each Acceptance accepted by such Lender for its account on the Period End Date of such Acceptance. If an Acceptance matures and the Borrower has not made such payment or provided for its Conversion or Rollover, such Acceptance shall be converted on its Period End Date into a Canadian Prime Rate Loan in a principal amount equal to its full face amount.
Sample 1
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Payment of Acceptances. (A) Borrower will pay to Lender the full amount of each Acceptance at its maturity, together with any unpaid interest or other charges, commissions or costs thereon (other charges and commissions shall be based on Lender's standard rate schedule at the time of acceptance and discount). Lender's records of an Acceptance shall constitute presumptive evidence of the indebtedness relating thereto in the absence of the executed and accepted draft.
Sample 1
Payment of Acceptances. Subject to Section 5.1 and Section 5.2, the Borrower shall pay to each Operating Lender the full face amount of each Acceptance accepted by such Lender for the account of the Borrower on the maturity date of such Acceptance. If an Acceptance matures and the Borrower has not made such payment or effected a Conversion or Rollover thereof pursuant to Section 5.1 or Section 5.2, respectively, the Borrower shall be deemed to have provided for payment of the full face amount of the Acceptance by Conversion of such Acceptance on its maturity date into a Canadian Prime Rate Loan made available by such Lender under the Operating Facility in a principal amount equal to its full face amount.
Sample 1

Related to Payment of Acceptances

  • Notice of Acceptance Notice of each Offeree’s intention to accept, in whole or in part, any Offer made shall be evidenced by a writing signed by such Offeree and delivered to the Company prior to the end of the 20-day period of such offer, setting forth such of the Offeree’s Basic Amount as such Offeree elects to purchase and, if such Offeree shall elect to purchase all of its Basic Amount, such Undersubscription Amount as such Offeree shall elect to purchase (the “Notice of Acceptance”). If the Basic Amounts subscribed for by all Offerees are less than the total Offered Securities, then each Offeree who has set forth Undersubscription Amounts in its Notice of Acceptance shall be entitled to purchase, in addition to the Basic Amounts subscribed for, all Undersubscription Amounts it has subscribed for; provided, however, that should the Undersubscription Amounts subscribed for exceed the difference between the Offered Securities and the Basic Amounts subscribed for (the “Available Undersubscription Amount”), each Offeree who has subscribed for any Undersubscription Amount shall be entitled to purchase only that portion of the Available Undersubscription Amount as the Undersubscription Amount subscribed for by such Offeree bears to the total Undersubscription Amounts subscribed for by all Offerees, subject to rounding by the Board of Directors to the extent it reasonably deems necessary.

  • Effect of Acceptance Subscriber hereby acknowledges and agrees that on the Company’s acceptance of this Subscription Agreement, it shall become a binding and fully enforceable agreement between the Company and the Subscriber. As a result, upon acceptance by the Company of this Subscription Agreement, Subscriber will become the record and beneficial holder of the Shares and the Company will be entitled to receive the purchase price of the Shares as specified herein.

  • Order Acceptance All purchase orders are subject to acceptance by LipoMatrix at its Neuchatel office. LipoMatrix shall have no obligation or liability to Distributor with respect to purchase orders which are not accepted; however LipoMatrix shall not unreasonably reject any purchase order. LipoMatrix shall use reasonable efforts to deliver Products covered by accepted purchase orders at the times specified in the corresponding quotation or written acceptance of Distributor's purchase order. Any orders in the ordinary course of business, consistent with normal ordering practices, that are rejected by LipoMatrix shall be deducted from the purchase quota for such Ordering Year as set forth in Section III.B.1. Distributor's purchase orders hereunder shall be governed by the terms and conditions of this Agreement. Nothing contained in any purchase order shall in any way modify or add any terms or conditions of sale.

  • Notice to Lenders of Acceptance or Rejection of Bids The Administrative Agent shall promptly notify each Lender having submitted a Competitive Bid whether or not its offer has been accepted and, if its offer has been accepted, of the amount of the Bid Loan or Bid Loans to be made by it on the date of the applicable Bid Borrowing. Any Competitive Bid or portion thereof that is not accepted by the Borrower by the applicable time specified in Section 2.03(e) shall be deemed rejected.

  • CERTIFICATE OF ACCEPTANCE Upon successful completion of the Technical Acceptance Process, the Buyer will, on or before the Delivery Date, sign and deliver to the Seller a certificate of acceptance in respect of the Aircraft in the form of Exhibit D (the “Certificate of Acceptance”).

  • Engagement; Acceptance The Issuer engages Xxxxxxx Fixed Income Services LLC to act as the Asset Representations Reviewer for the Issuer. Xxxxxxx Fixed Income Services LLC accepts the engagement and agrees to perform the obligations of the Asset Representations Reviewer on the terms in this Agreement.

  • Appointment of and Acceptance by NCPS Issuer and Broker hereby appoint NCPS to serve as Escrow Agent hereunder, and NCPS hereby accepts such appointment in accordance with the terms of this Escrow Agreement.

  • Product Acceptance (a) The Products delivered by Flextronics will be inspected and tested as required by Customer within **** of receipt at the “ship to” location on the applicable purchase order. If Products do not comply with the express limited warranty set forth in Section 6.2 below, Customer has the right to reject such Products during said period. Products not rejected during said period will be deemed accepted. Customer may return defective Products, freight collect, after obtaining a return material authorization number from Flextronics to be displayed on the shipping container and completing a failure report. Rejected Products will be promptly repaired or replaced, at Flextronics’s option, and returned freight pre-paid. Customer shall bear all of the risk, and all costs and expenses, associated with Products that have been returned to Flextronics for which there is no defect found, subject to Section 6.1(b).

  • Appointment of and Acceptance by Escrow Agent The Investor(s) and the Company hereby appoint Escrow Agent to serve as Escrow Agent hereunder. Escrow Agent hereby accepts such appointment and, upon receipt by wire transfer of the Escrow Funds in accordance with Section 3 below, agrees to hold, invest and disburse the Escrow Funds in accordance with this Agreement.

  • Time for Acceptance Unless the Optionee shall evidence his/her acceptance of this Option by execution of this Agreement within ten (10) days after its delivery to him/her, the Option and this Agreement shall be null and void.

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