Section 23A Clause Samples

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Section 23A. 7 Section 23A.8 Section 23A.9 Section 23A.10
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Section 23A. Section 2.3(b) of the Credit Agreement is hereby amended by adding the following to the end of Section 2.3(b): "Notwithstanding the foregoing but subject to all other terms and conditions of this Agreement, if requested by the Borrower, the Agent, on behalf of the Lenders, may amend or replace Letter of Credit No. F848888 issued by the Agent on August 23, 2006, for the benefit of LB-UBS Commercial Mortgage Trust in the stated amount of $815,235.00 (the "LOC") for the purpose of extending the expiration date (now scheduled on February 23, 2012) for an additional period of up to one (1) year after the Termination Date, provided that on the Termination Date, the Borrower shall provide cash collateral for the LOC in the amount and manner provided in, and subject to the terms of Section 2.15 and, for the avoidance of doubt, all obligations of Borrower in respect of the LOC shall continue in full force and effect until the LOC has expired and all reimbursement or other obligations in regard thereto have been paid in full."
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Section 23A. 9 Article 23A. 10 Article 23A.11
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Section 23A. Section 2.3(a) is hereby amended by replacing “10.50%” with “Applicable Rate” therein.
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Section 23A. Section 2.3(a) of the Credit Agreement is hereby amended by adding the following to the end of said Section 2.3(a): “Notwithstanding the foregoing or any other provision of this Section 2.3(a), if requested by the Borrowers, the Issuing Lender shall issue a Letter of Credit with an expiration date that is up to one (1) year after the Revolving Loan Maturity Date, provided that no later than thirty (30) days prior to the Revolving Loan Maturity Date, the Borrowers provide a cash deposit in the full amount available to be drawn under all Letters of Credit with expiration dates after the Revolving Loan Maturity Date. Any such additional cash collateral shall be held by the Administrative Agent, for the benefit of the Lenders, in the Letter of Credit Collateral Account as defined in, and in accordance with the terms of, Section 2.3(l).”
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Section 23A. Section 2.3(a) is hereby amended and restated as follows:
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Related to Section 23A

  • Section 2.1 11 It is agreed that the customary and usual rights, powers, functions, and authority of management are 12 vested in management officials of the District. Included in these rights in accordance with and subject 13 to applicable laws, regulations, and the provisions of this Agreement, is the right to direct the work 14 force, the right to hire, promote, retain, transfer, and assign employees in positions; the right to 15 suspend, discharge, demote, or take other disciplinary action against employees; and the right to 16 release employees from duties because of lack of work or for other legitimate reasons. The District 17 shall retain the right to maintain efficiency of the District operation by determining the methods, the 18 means and the personnel by which operations undertaken by the employees in the unit are to be 19 conducted.

  • Section 3.4 26 Each employee reserves and retains the right to delegate any right or duty contained in this Agreement, 27 exclusive of compensation for services rendered, to appropriate officials of the Association.

  • Section 3.2 39 Each employee shall have the right to bring matters of personal concern to the attention of appropriate 40 Association representatives and/or appropriate officials of the District.

  • Section 6.2 13 The Association representatives may represent the Association and employees in meeting with officials 14 of the District to discuss appropriate matters of mutual interest. They may receive and investigate to 15 conclusion complaints or grievances of employees on District time and thereafter advise employees of 16 rights and procedures outlined in this Agreement and applicable regulations or directives for resolving 17 the grievances or complaints. They may not, however, continue to advise the employee on courses of 18 action after the employee has indicated a desire not to pursue a grievance. This does not, however, 19 preclude the Association's right to pursue the matter to conclusion. They may consult with the District 20 on complaints without a grievance being made by an individual employee.

  • Section 2.2 17 The right to make reasonable rules and regulations shall be considered acknowledged functions of the 18 District. In making rules and regulations relating to personnel policies, procedures and practices, and 19 matters of working conditions, the District shall give due regard and consideration to the rights of the 20 Association and the employees and to the obligations imposed by this Agreement. 24 A R T I C L E I I I