Substitute Principal Sample Clauses

Substitute Principal. In the event an individual substitutes for a principal, compensation will be ten percent (10%) per diem, prorated as applicable, in addition to regular earnings.
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Substitute Principal. In the event of the taking of possession of the Collateral, the Secured Party or any third party assignee or nominee of the Secured Party, may, in addition to (but in no way limiting) the foregoing remedies, become a substitute principal in the Company (including, but not limited to, a partner in any partnership, a member and/or manager in any LLC or LLP, and a stockholder of any corporation).
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Substitute Principal. In the event Seller proposes a substitute General Partner or Entity Operating Facility to avoid an Event of Default under Section 8.1(A)(10)(a) (Event of Default, Default by Seller), the qualifications of such substitute general partner to carry out the role of General Partner and financial substance shall be reasonably satisfactory to Company; provided further, however, that if Company's grant of consent is dependent upon any valid business consideration not related to the new general partner's qualifications or financial substance, Company shall specify such concern to the Seller and shall grant its consent if the Seller provides a general partner which is a reasonably satisfactory substitute meeting such concern.
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Substitute Principal. Except where Company’s consent is not required under Section 20.1 (Assignment by Seller), in the event Seller proposes a substitute managing member or members, principal entity or entity operating facility to avoid an Event of Default under Section 8.1(A)(15) (Default by Seller), the qualifications of such substitute managing member(s) to carry out the role of managing member and financial substance shall be reasonably satisfactory to Company.
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Substitute Principal. In the event Seller proposes a substitute General Partner/Managing Member, Principal Entity or Entity Operating Facility to avoid an Event of Default under Section 8.1(A)(10)(a) (Event of Default, Default by Seller), the qualifications of such substitute [OFFICER/GENERAL PARTNER/MANAGING MEMBER] to carry out the role of General Partner and financial substance shall be reasonably satisfactory to Company; provided further, however, that if Company's grant of consent is dependent upon any valid business consideration not related to [OFFICER/GENERAL PARTNER/MANAGING MEMBER]'s qualifications or financial substance, Company shall specify such concern to the Seller and shall grant its consent if the Seller provides a [OFFICER/GENERAL PARTNER/MANAGING MEMBER] which is a reasonably satisfactory substitute meeting such concern.
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Substitute Principal. An employee who substitutes for the principal will receive a 1249 stipend equal to $25.00 per half day, or portion of a half day.
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Related to Substitute Principal

  • Payment of Repurchase Prices and Substitution Shortfall Amounts The Issuer hereby directs and the Depositor hereby agrees to remit or cause to be remitted all amounts in respect of Repurchase Prices and Substitution Shortfall Amounts payable during the related Due Period in immediately available funds to the Indenture Trustee to be deposited in the Collection Account on the Business Day immediately preceding the related Payment Date for such Due Period in accordance with the provisions of the Indenture. In the event that more than one Timeshare Loan is replaced pursuant to Sections 6(a), (b) or (c) hereof on any Transfer Date, the Substitution Shortfall Amounts and the Loan Balances of Qualified Substitute Timeshare Loans shall be calculated on an aggregate basis for all substitutions made on such Transfer Date.

  • Designation and Principal Amount There is hereby authorized and established a new series of Securities under the Base Indenture designated as the “1.75% Senior Notes due 2027,” which are not limited in aggregate principal amount. The initial aggregate principal amount of the Notes to be issued under this Supplemental Indenture shall be €500,000,000. Any additional amounts of Notes to be issued shall be set forth in a Company Order.

  • Optional Principal Payments 11 2.8 Method of Selecting Types and Interest Periods for New Advances..........................................12 2.9 Conversion and Continuation of Outstanding Advances......................................................12 2.10 Changes in Interest Rate, etc...........................................................................12 2.11

  • Purchases as Principal Each sale of Notes to the Agent as principal shall be made in accordance with the terms of this Agreement and the Agent and the Company will enter into a Terms Agreement that will provide for the sale of such Notes to and the purchase thereof by the Agent. Each "Terms Agreement" may take the form of an exchange of any form of written telecommunication or oral communication followed by written confirmation or telecommunication between the Agent and the Company and shall be with respect to such information (as applicable) as is specified in Exhibit A hereto. The Agent's commitment to purchase Notes as principal shall be deemed to have been made on the basis of the representations and warranties of the Company herein contained and shall be subject to the terms and conditions herein set forth. Each agreement by the Agent to purchase Notes as principal (whether or not set forth in a Terms Agreement) shall specify the principal amount of Notes to be purchased by the Agent pursuant thereto, the maturity date of such Notes, the price to be paid to the Company for such Notes, the interest rate and interest rate formula, if any, applicable to such Notes and any other terms of such Notes. Each such agreement shall also specify any requirements for officers' certificates, opinions of counsel and letters from the independent public accountants of the Company pursuant to Section 4 hereof. A Terms Agreement may also specify certain provisions relating to the reoffering of such Notes by the Agent. Each Terms Agreement shall specify the time and place of delivery of and payment for such Notes. Each date of delivery of and payment for Notes to be purchased by the Agent as principal or as agent or by any other purchaser is referred to herein as a "Settlement Date." Upon the Company's request, the Agent will notify the Company either orally or in writing (as specified by the Company) of the aggregate principal amount of Notes held by the Agent as principal purchased pursuant to a Terms Agreement pursuant to this Agreement.

  • Aggregate Principal Amount The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this First Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this First Supplemental Indenture.

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