Automatic Adjustments Clause Samples
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Automatic Adjustments. Promptly following each date on which the Required Amount is (1) reduced as a result of a reduction in the Pool Balance of the Class B Certificates or otherwise, (2) increased as a result of an increase in the Stated Interest Rate or (3) subsequent to such an increase described in clause (2), reduced pursuant to the definition of "Stated Interest Rate", clause (y) of the definition of Maximum Commitment shall automatically be reduced or increased, as the case may be, to an amount equal to the Stated Portion of the Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction or increase of the Maximum Commitment to the Liquidity Provider within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic reduction or increase of the Maximum Commitment.
Automatic Adjustments. In the event that the number of shares of Common Stock is changed into a different number of shares of any class or classes of stock, whether by subdivision, split, recapitalization, reclassification, exchange, substitution of otherwise, all references herein to numbers of shares of Common Stock (or Restricted Securities) and per share prices of stock shall be appropriately adjusted.
Automatic Adjustments. Promptly following each date on which the Required Amount is (1) reduced as a result of a reduction in the Pool Balance of the Class C Certificates or otherwise, (2) increased as a result of an increase in the Stated Interest Rate or (3) subsequent to such an increase described in clause (2), reduced pursuant to the definition of "Stated Interest Rate", the Maximum Commitment shall automatically be reduced or increased, as the case may be, to an amount equal to the Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction or increase, as the case may be, of the Maximum Commitment to the Liquidity Provider within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic reduction or increase of the Maximum Commitment.
Automatic Adjustments. Promptly following each date on which the Required Amount is (1) reduced as a result of a reduction in the Pool Balance of the Class A Certificates or otherwise, (2) increased as a result of an increase in the Stated Interest Rate or (3) subsequent to such an increase described in clause (2), reduced pursuant to the definition of "Stated Interest Rate", the Maximum Commitment shall automatically be reduced or increased, as the case may be, to an amount equal to such adjusted Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction or increase of the Maximum Commitment (substantially in the form of Annex III hereto) to the Liquidity Provider within two Business Days thereof. The failure
Automatic Adjustments. Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class A Certificates or otherwise, clause (y) of the definition of Maximum Commitment shall automatically be reduced to an amount equal to the Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction of the Maximum Commitment to the Liquidity Provider within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic reduction of the Maximum Commitment.
Automatic Adjustments. Promptly following each date on which the Required Amount is (i) reduced as a result of a reduction in the Pool Balance of the Class B Certificates or otherwise or (ii) increased as a result of an increase in the Capped Interest Rate for the Class B Certificates, the Maximum Commitment shall automatically be reduced or increased, as the case may be, to an amount equal to such reduced or increased, as the case may be, Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction or increase of the Maximum Commitment to the Primary Liquidity Provider within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic adjustment of the Maximum Commitment.
Automatic Adjustments. Promptly following each date on which the Required Amount is (i) reduced as a result of a reduction in the Pool Balance of the Class B Certificates or otherwise, (ii) increased as a result of an increase in the Stated Interest Rate, or (iii) subsequent to an increase described in clause (ii), reduced pursuant to the definition of "Stated Interest Rate", the Maximum Commitment shall automatically be reduced or increased, as the case may be, to an amount equal to the Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic adjustment of the Maximum Commitment to the Liquidity Provider (with a copy to Amtran) within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic reduction or increase of the Maximum Commitment.
Automatic Adjustments. Promptly following each date on which the Required Amount is reduced or increased, as the case may be, as a result of a reduction or increase, respectively, in the Pool Balance of the Class B Certificates or otherwise, the Commitment shall automatically be reduced or increased to an amount determined in accordance
Automatic Adjustments. Before or during the Plan Year, the Plan Administrator shall have the right to make automatic, downward adjustments to the benefit election made by any Participant who is considered to be “Highly Compensated” within the meaning of Code Section 105(h)(5) in order to prevent this Arrangement from becoming discriminatory within the meaning of Section 105(h)(4).
Automatic Adjustments. Any material change to this Agreement and/or a specific Quote shall require a written agreement between the Parties. The following adjustments to this Agreement and/or a specific Quote shall be deemed non-material:
a. An increase or decrease in subscription fees or other fees or amounts vendors charge MDC for Services subsequentially provided to Customer.
b. A quantity adjustment to any Service performed under a Quote, as agreed upon by both Parties in writing.