Conforming Adjustments Sample Clauses
The Conforming Adjustments clause allows for modifications to contractual terms or calculations to ensure they remain consistent with changes in relevant laws, regulations, or market practices. In practice, this clause may be invoked if a new law affects how a financial benchmark is determined, requiring the parties to adjust interest rate calculations or payment terms accordingly. Its core function is to maintain the intended economic effect of the agreement despite external changes, thereby preventing disputes and ensuring the contract remains fair and workable over time.
Conforming Adjustments. The Conforming Adjustments shall have been made to the satisfaction of NCC in its sole discretion.
Conforming Adjustments. The Conforming Adjustments shall have been made to the satisfaction of ANB in its sole discretion.
Conforming Adjustments. If there are any inconsistencies or discrepancies as between this Confirmation and the 2014 ISDA Credit Derivatives Definitions, the Calculation Agent shall resolve any such inconsistencies or discrepancies acting in its sole discretion.
Conforming Adjustments. The Conforming Adjustments shall have been made to the satisfaction of Parent in its sole discretion.
Conforming Adjustments. The Conforming Adjustments shall have been made to the satisfaction of ANB in its sole discretion. Table of Contents
Conforming Adjustments. 25 4.11 D&O Indemnification and Insurance..................................26 4.12 Company's Employee Plans and Benefit Arrangements..................26 4.13
Conforming Adjustments. At the request of Commercial and in an ---------------------- amount specified by Commercial, prior to the Effective Time, the Company and such of the Company Subsidiaries as Commercial shall direct shall establish such additional accruals and reserves ("Conforming Adjustments") as may be necessary in the sole determination of Commercial to conform the Company's and the Company Subsidiaries' accounting practices and policies as well as to conform their interest rate risk position to those of Commercial(as such accounting practices and policies are to be applied to Company and the Company Subsidiaries from and after the Effective Time); provided, however, that Company and the Company Subsidiaries shall not be required to take such action until: (i) Company provides to Commercial a written statement dated the date of Closing certified by the Chairman of the Board, the President and the Chief Financial Officer of the Company, that the conditions in Sections 5.1 and 5.3 to be satisfied by the Company or the Company Subsidiaries or both of them have been satisfied or, alternatively, setting forth in detail the circumstances that have prevented such conditions from being satisfied (the "Reliance Certificate") and Commercial provides to the Company a Reliance Certificate relating to the conditions in Section 5.1 and 5.2; and (ii) Commercial, after reviewing the Reliance Certificate, provides the Company a written waiver of any right it may have to terminate the Agreement which waiver shall contain an express condition precedent that Company and the Company Subsidiaries have established such additional Conforming Adjustments as requested by Commercial pursuant to this Section 4.10. No additional Conforming Adjustments taken by the Company and the Company Subsidiaries pursuant to this Section 4.10 shall be deemed in and of itself to be a breach or violation of any representation, warranty, covenant, condition or other provision of this Agreement.
Conforming Adjustments. The Conforming Adjustments shall have been made to the satisfaction of CBF in its sole discretion.
Conforming Adjustments. This note should be read in conjunction with other notes in the unaudited pro forma combined balance sheet. Certain reclassifications have been made to the historical financial statements of Genesis to conform with AerCap's financial statements presentation. These reclassifications, which are included in the column under the heading "Conforming adjustments," represent the following: • Reclassification of $1.7 million from fixed assets to other assets as AerCap classifies other tangible fixed assets as other assets. Genesis' fixed assets include computer software, office equipment and leasehold improvements; • Reclassification of $0.2 million from other assets to intangibles as AerCap reports intangibles separately on the balance sheet; • Reclassification of $39.1 million from accounts payable to accrued maintenance liability as AerCap reports the accrued maintenance liability separately on the balance sheet; • Reclassification of $19.6 million from accrued expenses and other liabilities to lessee deposit liability as AerCap reports the lessee deposit liability separately on the balance sheet; Table of Contents • Reclassification of $11.7 million from accrued expenses and other liabilities to deferred revenue as AerCap reports deferred revenue separately on the balance sheet; and • Reclassification of $74.0 million from accrued expenses and other liabilities to derivative liability as AerCap reports the derivative liability separately on the balance sheet.
Conforming Adjustments. The Conforming Adjustments shall have been made by FP Bank.