WebMinimum Extension Requirement If (and only if) the total of the Commitments of the Lenders that have agreed to extend their Maturity Date and the new or increased Commitments of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then ... WebFor clarification: "assign" and "transfer" as used in the foregoing sentence are intended to mean conveyances (whether by contract or operation of law) which fully and irrevocably vest in the assignee or transferee exclusively all rights and obligations with respect to the property (tangible or intangible) being conveyed and fully and ...
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WebERISA Benefits Vest At The Time The Participant Retires. ERISA Benefits Irrevocably Vest In The Surviving Spouse At The Time Of The Participant Spouse's Retirement. (9th Cir. … WebNotice merely operates to protect the interest of the person claiming a lien. If the appellee had not filed notice of his claim of lien, he would have lost the lien. Additionally, filing a … opw building
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WebAug 24, 2024 · The term “irrevocable” implies that a guaranty may not be rescinded by a guarantor. Its usage in guaranties is thought to be derived from the convention governing … WebEarlier this month, a California federal court issued a stern warning to liability carriers: failing to provide an immediate defense forfeits your right to control the policyholder’s defense, including any right to select counsel, and, once forfeited, the right to control irrevocably vests with the policyholder. WebSep 27, 2006 · AT T Global Information Solutions Company, the Fourth Circuit concluded that ERISA pension benefits irrevocably vest in the plan participant's current spouse on the date of the participant's retirement. 105 F.3d 153, 156 (4th Cir. 1997). The Fifth Circuit adopted the Hopkins court's rationale in Rivers v. opw brain trust 2