Continuation of Operations. Pursuant to Minn. Stat. § 116J.994 Subd.3(a)(6), the Project Operator agrees to continue operations, in substantially the same manner and scale, in the City of Xxxxxxxx for at least five years after the benefit date.
Continuation of Operations. In the event that electronic submission of data is not possible via the HRSD Environmental Reporting System, it is the responsibility of the RO to submit paper copies in accordance with the requirements of the Permit, or written extension granted by HRSD. Failure to submit data by the date required by the Permit or extension is a violation and will be enforced according to HRSD’s Enforcement Response Plan.
Continuation of Operations. In the event Bank receives a termination notice from Stage in accordance with Section 9.1, Bank shall operate the Plan in accordance with the same philosophy, procedures and diligence with respect to credit as Bank operated the Plan before receiving the termination notice and in accordance with the terms and conditions described in this Agreement and required by Applicable Law and to ensure Bank's safety and soundness, through the termination date.
Continuation of Operations. Following the Effective Date of this Agreement and to and including the Closing Date, the Seller shall continue normal and prudent maintenance and management of the Business in accordance with Seller’s current practices and in the ordinary course of business. Seller shall keep, or shall cause to be kept, the Property insured against fire and other hazards covered by extended coverage endorsement and comprehensive public liability insurance against claims for bodily injury, death and property damage occurring in, on or about the Property, consistent with Seller’s prior practices.
Continuation of Operations. (a) Cobar will continue the operation of the Endeavor Mine in the ordinary course of its business subject at all times to the effect of Mining Risks.
Continuation of Operations. Seller warrants and represents that it will continue as a California local healthcare district in good standing during the Term of this TSA.
Continuation of Operations. 601 The Union agrees that during the life of this Agreement there shall be no strikes, no slowdown of work, suspension or picketing or any other interference with the Employer's operations, and to this end the Union will take affirmative action to prevent any nurse covered by this Agreement from slowing down her/his work, or suspending or picketing or otherwise interfering with the Employer's operations. 602 The Employer agrees that for the duration of this Agreement, there shall be no lockout.
Continuation of Operations. The PSA shall continue operations promptly upon the approval of this Contract by MDE and shall perform school operations in accordance with the School Calendar and School Day Schedule, attached as Exhibit I hereto. For each subsequent year of this Contract, the PSA shall adopt a school calendar no later than April 1st of the prior school year, and shall submit that calendar to the DPSCD Designee no later than May 1st of that year.
Continuation of Operations. Parent intends to cause the Surviving -------------------------- Corporation to continue to maintain significant operations in the Silicon Valley area of California.
Continuation of Operations. Notwithstanding the rejection of the Rejected Texas Leases, LCT shall continue to operate each Rejected Texas Facility for a limited period of time as provided for herein. If the date (the "Transition Date") upon which LCT transitions operations of a Rejected Texas Facility to NHP Texas or its designee (the "New Operator") does not occur on or prior to August 1, 2001, then LCT will continue to operate the Rejected Texas Facility for a period of the later of (a) up to two additional months (to September 30, 2001); (b) the Effective Date; or (c) such later date as the Parties may mutually agree in writing; provided, however, that from and after the later of July 31, 2001, or the Effective Date, LCT shall stop paying rent until such time that each Rejected Texas Facility is either transferred or closed (the "Rent Abatement Period"). Within thirty days after the end of each month during the Rent Abatement Period, LCT will submit to NHP Texas profit and loss statements certified as true and accurate by LCT's Chief Accounting Officer and based on the accrual method of accounting, as heretofore prepared and used by LCT (which shall not include management fees), showing for each Rejected Texas Facility which has not been transitioned to a new operator the revenue and expense items arising from each such Facility's day to day operations for the immediately preceding month (the "Profit and Loss Statement"). Except as otherwise provided herein, within ten (10) business days of NHP Texas' receipt of the Profit and Loss Statement, NHP Texas will pay a management fee to LCT equal to 5% of the total revenue (the "Management Fee"), determined in accordance with GAAP Standards, consistently applied, generated by each Rejected Texas Facility that LCT continues to operate. In the event that the Profit and Loss Statement for any month during the Rent Abatement Period shows a net operating profit (i.e., earnings before interest, income taxes, depreciation, amortization and Management Fee) ("Net Operating Profits") determined in accordance with GAAP Standards, consistently applied, for any Rejected Texas Facility that exceeds the amount of the Management Fee, then LCT shall deduct the Management Fee from the Net Operating Profit and payment of the Management Fee will be thereby satisfied. LCT will immediately pay to NHP Texas the balance of the Net Operating Profit after deduction of the Management Fee. To the extent that the Net Operating Profit is less than the Management Fee...
