has occurred Clause Samples
The "has occurred" clause defines a specific event or condition that must take place before certain rights, obligations, or actions under the contract become effective. In practice, this clause is often used to make the performance of a party contingent upon the happening of a particular event, such as the delivery of goods, receipt of payment, or completion of a milestone. Its core function is to provide clarity and certainty by establishing a clear trigger point for contractual duties, thereby reducing ambiguity and potential disputes about when obligations arise.
has occurred. EXHIBIT B-2(C) PROCESS FOR HANDLING POST CLOSING REQUESTS UPON CLASSIFICATION
A. Process for disposition of Post Closing Requests Once Classification is Made. Upon classification of a Post Closing Request into one of the three (3) categories enumerated above, Primary Servicer shall process the Post Closing Request as follows:
has occurred. Any such successor shall carry on the business of the Partnership and Operating Partnership without dissolution. In each case, the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.
has occurred. If in connection with the exercise by the Obligor of any option under this Section 3.02, any series of Notes is to be redeemed, either notice of such redemption shall have been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee shall have been made. Notwithstanding the exercise by the Obligor of its option under Section 3.02(b) with respect to Section 7.01, the obligation of any successor Entity to assume the obligations to the Trustee under Section 5.07 shall not be discharged.
has occurred. (1) No reference is made in this chart to the Aggregate Servicing Fee which shall be collected and governed in accordance with the terms of Sections 2.1, 2.3, 6.3 and 6.4 of this Agreement. EXHIBIT B-2(C) PROCESS FOR HANDLING POST CLOSING REQUESTS UPON CLASSIFICATION
A. PROCESS FOR DISPOSITION OF POST CLOSING REQUESTS ONCE CLASSIFICATION IS MADE. Upon classification of a Post Closing Request into one of the three (3) categories enumerated above, Primary Servicer shall process the Post Closing Request as follows:
1. CATEGORY 1 REQUESTS AND DEEMED CATEGORY 1 REQUESTS:
a) If Primary Servicer classifies a Post Closing Request as a Category 1 Request or Deemed Category 1 Request, it shall promptly (but in no event more than five (5) Business Days after receiving such request) notify Master Servicer of (a) such request; (b) Primary Servicer's classification of the Post Closing Request as a Category 1 Request or Deemed Category 1 Request; and (c) Primary Servicer's Materiality Determination regarding any Category 1 Consent Aspect involved in such request. Notwithstanding the foregoing, as a result of the monthly reconciliation of reserve accounts that Primary Servicer provides to Master Servicer under this Agreement, Primary Servicer shall have no obligation (a) except as required under Section 8.18(d) of the Pooling and Servicing Agreement, to notify or seek the consent of Master Servicer or Special Servicer (as applicable) of any disbursement made from an escrow or reserve account pursuant to and in accordance with the terms of such agreement governing such reserve or escrow or (b) to seek consent of Master Servicer to extend (1) the time available to a Mortgagor to complete repairs, replacements or improvements pursuant to an escrow or reserve agreement or (2) the expiration date of any letters of credit associated with such escrow or reserve, as long as (i) Primary Servicer promptly notifies Master Servicer in writing of such extension; (ii) the amount being held pursuant to the applicable escrow or reserve agreement at the time of the proposed extension is less than $1,000,000.00; (iii) the length of such extension when added to all other extensions granted after the Closing Date does not exceed one hundred eighty (180) days; and (iv) any such extension is in accordance with the terms of this Agreement (including without limitation the Servicing Standard) and the Pooling and Servicing Agreement and with respect to an A/B Mortgage Loan, the applicable A/B Int...
has occurred. (1) No reference is made in this chart to the Aggregate Servicing Fee which shall be collected and governed in accordance with the terms of Sections 2.1, 2.3, 6.3 and 6.4 of this Agreement. EXHIBIT B-2(c) Process for Handling Post Closing Requests Upon Classification
A. Process for disposition of Post Closing Requests Once Classification is Made. Upon classification of a Post Closing Request into one of the three (3) categories enumerated above, Primary Servicer shall process the Post Closing Request as follows:
has occurred. As soon as practicable after learning of the Changed Circumstances, the PCA will initiate responsive actions in the manner described in Chapter 10.2.
1. If a Wildlife Agency determines that a Changed Circumstance has occurred and that the PCA has not responded as described in Chapter 10.2.1, the Wildlife Agency will so notify the PCA, specifically identifying the Changed Circumstance. As soon as practicable after receiving the Wildlife Agency’s notice, the PCA will initiate responsive actions in the manner described in Chapter 10.2.1. After it has initiated responsive actions to a Changed Circumstance as provided in this Section, the PCA will promptly inform the Wildlife Agencies of its actions. The PCA will continue implementation of any such responsive actions to completion and will describe in its Annual Report for that year the Changed Circumstance and the responsive actions implemented. Subsequent Annual Reports will track the response of the Reserve System and the Covered Species to evaluate whether responsive actions implemented as a result of Changed Circumstances have been effective.
has occurred. 5. All terms and conditions of the State Guarantee are met, no event has occurred, as a result of which C&L refuses to allow disbursements under this Agreement and the State Guarantee continues to be valid and in full force and effect.
6. Certificate by the Insurance Adviser stating that the Project is sufficiently insured in accordance with the construction progress. Such certificate is not needed if the respective insurance company is obliged to inform the Lenders promptly of a termination of any insurance.
7. The Borrower has:
(a) paid all due and unpaid fees and expenses due under any of the Financing Documents; or
(b) instructed the Lenders to deduct the amount of such fees and expenses from the amount of the Advance to be disbursed to the Borrower and the amount of the Advance is sufficient to satisfy all such outstanding fees and expenses. SCHEDULE 4 CONDITIONS SUBSEQUENT
(A) Wood and Logistic related Issues 6 months after Employment of a wood supply first drawdown manager satisfactory to the Agent 10 months after Management, in particular a purchasing director first drawdown and a harvesting manager, in place satisfactory 10 months after The wood supply company and the logistic company first drawdown have been incorporated 10 months after Final company agreement of the wood supply company first drawdown and the logistic company and final agreements to be entered into between the Borrower and the Permitted Subsidiaries in place and heads of terms Regarding the agreements to be entered into the Borrower and the Permitted Subsidiaries in place 2 months before Wood inventory of 230.000 m3 at the mill or road expected Start-up side 2 months before Presentation of final agreements, including prices expected Start-up and volume, for 55 % in aggregate of the required first year volume of about 2.2 mio. m3 of round wood chips volumes with chips making up at least 20% of the contracted volume
(B) Pulp production related Issues 4 months after Employment of a Pulp Mill manager satisfactory first drawdown to the Agent 10 months after Presentation of final personnel recruitment and first drawdown training plan 11 months after Employment of senior production, sales and first drawdown maintenance management 3 months before Presentation of a detailed production start-up and expected Start-up operation plan showing that the whole corp SCHEDULE 5 LENDERS AND COMMITMENTS Lender Commitment in Euro ------ -------------------- Bayerische Hypo- und 827,950,000 Vereinsbank...
has occurred. The power of attorney set forth herein is coupled with an interest and is irrevocable until the Obligations have been fully satisfied. During the continuance of the power of attorney, Pledgor shall not grant any conflicting power with respect to any of the Pledged Shares.
has occurred. No reference is made in this chart to the Aggregate Servicing Fee which shall be collected and governed in accordance with the terms of Sections 2.1, 2.3, 6.3 and 6.4 of this Agreement. EXHIBIT B-2(C) PROCESS FOR HANDLING POST CLOSING REQUESTS UPON CLASSIFICATION
has occurred. If the District determines that one of the triggering conditions has occurred, the District may invoke the contingency reopener by notifying the Association in writing.