Pursuant to Subsection 2 Clause Samples

The "Pursuant to Subsection 2" clause serves to reference and incorporate the specific terms, conditions, or requirements outlined in Subsection 2 of a larger agreement or document. In practice, this clause directs the reader or parties involved to follow the rules or procedures established in that particular subsection, which may relate to obligations, rights, or processes such as payment terms, dispute resolution, or performance standards. Its core function is to ensure clarity and precision by explicitly linking actions or responsibilities to the relevant part of the contract, thereby reducing ambiguity and potential misunderstandings.
Pursuant to Subsection 2. 8 of the Credit Agreement, the Borrower hereby proposes to increase (the “Increase”) the aggregate [Existing Term Loan commitment][Incremental Revolving Commitment] from [$ ] to [$ ].
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Pursuant to Subsection 2. 8 of the Credit Agreement, the Borrower Representative hereby proposes to increase (the “Increase”) the aggregate Tranche D Term Loans from $297,996,260.95 to $349,996,260.95.
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Pursuant to Subsection 2. 8B, the Applicable Borrower shall pay interest to each Lender that has made a Bid Rate Loan on the unpaid principal amount of such Bid Rate Loan from the date of such Bid Rate Loan to the date the principal amount of such Bid Rate Loan is repaid in full, at the rate of interest specified by the Lender making such Bid Rate Loan in its Bid Rate Offer, payable on the interest payment date or dates specified by the Applicable Borrower for such Bid Rate Loan in the related Notice of Bid Rate Borrowing; PROVIDED that any principal amount of any Bid Rate Loan which is not paid when due (whether at stated maturity, by acceleration or otherwise) and any interest payment on Bid Rate Loans not paid hereunder when due, in each case, shall bear interest from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal to 2% per annum above the Base Rate in effect from time to time.
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Pursuant to Subsection 2. 6(c) of the Credit Agreement, the Borrower hereby proposes to increase (the “Increase”) the aggregate Tranche C Term Loan commitments from $0 to $500,000,000.
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Pursuant to Subsection 2. 8 of the Credit Agreement, by execution and delivery of this Increase Supplement, the Increasing Lender agrees and acknowledges that it shall have an aggregate Supplemental Initial Term Loan Commitment and Initial Term Loans in the amounts equal to the respective amounts set forth above next to its name.
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Pursuant to Subsection 2. 8 of the Credit Agreement, the Borrower hereby proposes to increase (the “Increase”) the aggregate Tranche B Term Loan Commitments from $2,491,562,061.33 to $2,600,000,000.00.
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Pursuant to Subsection 2. 8 of the Credit Agreement, the Borrower Representative hereby proposes to increase (the “Increase”) the aggregate existing Initial Term Loans from $251,515,428.24 to $371,515,428.24 (such increased Initial Term Loans, the “Supplemental Initial Term Loans” and any commitments with respect thereto, the “Supplemental Initial Term Loan Commitments”).
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Related to Pursuant to Subsection 2

  • Amendment to Subsection 9(m). Subsection 9(m)(i)(x) of the Credit Agreement is hereby amended by deleting such subsection in its entirety and substituting in lieu thereof the following:

  • Pursuant to S B. 1368 of the 83rd Texas Legislature, Regular Session, Vendor is required to make any information created or exchanged with the State pursuant to this Contract, and not otherwise excepted from disclosure under the Texas Public Information Act, available in a format that is accessible by the public at no additional charge to the State.

  • Pursuant to Section 2 1.(b) of the Credit Agreement, the Borrower hereby requests that the Lenders make Revolving Loans to the Borrower in an aggregate principal amount equal to $ .

  • Pursuant to Section 3 03 of the Indenture Supplement, on each Distribution Date, the Indenture Trustee shall deposit into the Class A(2016-3) Interest Funding sub-Account the portion of Card Series Finance Charge Amounts allocable to the Class A(2016-3) Notes.

  • Pursuant to Section 4 01, any amounts collected by a Servicer or the Master Servicer under any insurance policies (other than amounts to be applied to the restoration or repair of the property subject to the related Mortgage or released to the Mortgagor in accordance with the related Servicing Agreement) shall be deposited into the Distribution Account, subject to withdrawal pursuant to Section 4.03. Any cost incurred by the Master Servicer or the related Servicer in maintaining any such insurance (if the Mortgagor defaults in its obligation to do so) shall be added to the amount owing under the Mortgage Loan where the terms of the Mortgage Loan so permit; provided, however, that the addition of any such cost shall not be taken into account for purposes of calculating the distributions to be made to Certificateholders and shall be recoverable by the Master Servicer or such Servicer pursuant to Sections 4.01 and 4.03.