Example ContractsClausesAdditional Incurrence Capacity
Additional Incurrence Capacity
Additional Incurrence Capacity contract clause examples

Additional Incurrence Capacity. Notwithstanding anything to the contrary in this Article VII, upon the receipt of a Nexstar Designation Letter, the Borrower may incur Lien, Indebtedness or Investment, as applicable, in an amount up to the amount of Lien, Indebtedness or Investment, as applicable, set forth in such Nexstar Designation Letter; provided # that the Borrower shall otherwise comply with the restrictions set forth in the applicable provision in the Nexstar Credit Agreement and (b[[Borrower:Organization]] (x[[Borrower:Organization]] such Liens or Indebtedness incurred pursuant to this Section 7.17, in each case do not exceed the amount otherwise permitted to be incurred under Section 7.01(y[[Borrower:Organization]] and Section 7.02(w[[Borrower:Organization]] of the Nexstar Credit Agreement, as applicable, and # such Investments incurred pursuant to this Section 7.17 do not exceed $100,000,000 of the amount permitted to be incurred under Section 7.03(w[[Borrower:Organization]] of the Nexstar Credit Agreement. To the extent applicable, the incurrence of any Lien, Indebtedness or Investment pursuant to this Section 7.17 shall be otherwise deemed to be permitted under the other Sections of this Article VII.

Additional Incurrence Capacity . Notwithstanding anything to the contrary in this Article VII, upon the receipt of a Nexstar Designation Letter, the Borrower may incur Lien, Indebtedness or Investment, as applicable, in an amount up to the amount of Lien, Indebtedness or Investment, as applicable, set forth in such Nexstar Designation Letter; provided # that the Borrower shall otherwise comply with the restrictions set forth in the applicable provision in the Nexstar Credit Agreement and (b[[Borrower:Organization]] (x[[Borrower:Organization]] such Liens or Indebtedness incurred pursuant to this [Section 7.17], in each case do not exceed the amount otherwise permitted to be incurred under Section 7.01(y[[Borrower:Organization]] and Section 7.02(w[[Borrower:Organization]] of the Nexstar Credit Agreement, as applicable and # such Investments incurred pursuant to this [Section 7.17] do not exceed $75,000,000 of the amount permitted to be incurred under Section 7.03(w[[Borrower:Organization]] of the Nexstar Credit Agreement. To the extent applicable, the incurrence of any Lien, Indebtedness or Investment pursuant to this [Section 7.17] shall be otherwise deemed to be permitted under the other Sections of this Article VII.

Additional Incurrence Capacity. Notwithstanding anything to the contrary in this Article VII, upon the receipt of a Nexstar Designation Letter, the Borrower may incur Lien, Indebtedness or Investment, as applicable, in an amount up to the amount of Lien, Indebtedness or Investment, as applicable, set forth in such Nexstar Designation Letter; provided # that the Borrower shall otherwise comply with the restrictions set forth in the applicable provision in the Nexstar Credit Agreement and (b[[Borrower:Organization]] (x[[Borrower:Organization]] such Liens or Indebtedness incurred pursuant to this Section 7.17, in each case do not exceed the amount otherwise permitted to be incurred under Section 7.01(y[[Borrower:Organization]] and Section 7.02(w[[Borrower:Organization]] of the Nexstar Credit Agreement, as applicable, and # such Investments incurred pursuant to this Section 7.17 do not exceed $75100,000,000 of the amount permitted to be incurred under Section 7.03(w[[Borrower:Organization]] of the Nexstar Credit Agreement. To the extent applicable, the incurrence of any Lien, Indebtedness or Investment pursuant to this Section 7.17 shall be otherwise deemed to be permitted under the other Sections of this Article VII.

Article # EVENTS OF DEFAULT AND [[Unknown Identifier]]

Article # EVENTS OF DEFAULT AND [[Unknown Identifier]]

Capacity. The Executive shall serve the Employer as its Executive Vice President and Chief Financial Officer. The Executive shall be principally responsible for budgeting, asset liability management, regulatory and financial reporting, strategic planning and project management, subject to the directions of the Employer’s Board of Directors (the “Board”) or Chief Executive Officer (the “CEO”). Executive shall also serve Employer in such other or additional offices and capacities as the Executive may be requested to serve by the Board or the CEO and shall perform such services and duties in connection with the business, affairs and operations of, Employer as may be assigned or delegated from time to time to Executive, when rendering services in such other or additional capacities, by or under the authority of the Board or the CEO.

Capacity. Beginning on December 13, 2022, the Employee will be the Company’s Executive Vice President and Chief Development and Digital Officer. The Employee shall report to the Company’s President and Chief Executive Officer (the “CEO”) and will perform the responsibilities and duties, and shall have the authority, as may be assigned to him hereafter from time to time by the CEO or the board of directors of the Company (the “Board”), consistent with the Employee’s titled position. The Employee will use his best efforts to promote the interests, prospects and condition (financial and otherwise) and welfare of the Company and shall perform his duties and responsibilities to the best of the Employee’s ability in a diligent, trustworthy, businesslike and efficient manner.

Capacity. Executive shall serve Employer as President and Chief Executive Officer of Employer and may serve as an officer of other entities owned in whole or in part by the Employer, with such powers and duties as may be set forth in the bylaws or as otherwise prescribed from time to time by Employer, which duties shall include, without limitation, strategic and long range planning for, and oversight of the day-to-day operations of Employer. Executive’s continued employment with Employer is conditioned upon performance and results as set forth herein.

Capacity. The Executive shall serve the Employer as its Executive Vice President and Chief Lending Officer. The Executive shall be principally responsible for loan portfolio growth, risk management, and contribution to profit, subject to the directions of the Employer’s Board of Directors (the “Board”), Chief Executive Officer (the “CEO”) or President. Executive shall also serve Employer in such other or additional offices and capacities as the Executive may be requested to serve by the Board, the CEO or the President and shall perform such services and duties in connection with the business, affairs and operations of, Employer as may be assigned or delegated from time to time to Executive, when rendering services in such other or additional capacities, by or under the authority of the Board, the CEO or the President.

Capacity. The Executive shall serve the Employer as its Executive Vice President and Director of Depository Services. The Executive shall be principally responsible for managing the Private Banking Team, establishing new client relationships and generating new deposits subject to the directions of the Employer’s Board of Directors (the “Board”), Chief Executive Officer (the “CEO”) or President. Executive shall also serve Employer in such other or additional offices and capacities as the Executive may be requested to serve by the Board, the CEO or the President and shall perform such services and duties in connection with the business, affairs and operations of, Employer as may be assigned or delegated from time to time to Executive, when rendering services in such other or additional capacities, by or under the authority of the Board, the CEO or the President.

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