Adequacy of the Proposed Sample Clauses

Adequacy of the Proposed. Private Placement in addressing the Company’s financial concerns Despite the cash and bank balances as well as the short term deposits of the Group amounted to approximately RM6.38 million as at 31 July 2020, the Group has been facing cash flow constraints to fund its working capital for Existing Business as well as the Trading Business concurrently to resuscitate the Group’s business operations in the short term. Nonetheless, the Company believes that the Trading Business will complement its Existing Business to enlarge the Group’s revenue and income base as well as improve its financial prospects and performances in the future. As at 31 July 2020, the Group’s total trade and other payables stood at RM16.66 million. The Board is of the view that the Proposed Private Placement will be an interim measure to address the Group’s cash flow constraints to support its on-going business operations, such as for payment of trade payables. With the Proposed Private Placement, the Company is able to raise additional funds to finance the working capital requirements to support the Group’s Existing Business and payment for the Group’s other administrative and operating expenses as set out in Section 5.6 of this announcement. The Board expects that this would in turn enhance the Group’s financial performance. After taking into consideration the steps taken by the Group to improve its financial position as set out below and the proposed utilisation of proceeds raised from the Proposed Private Placement, the Board is of the view that the Proposed Private Placement would be sufficient in addressing the Group’s current financial concern.
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Related to Adequacy of the Proposed

  • Scope of the Project Under this Agreement, the scope of the Project (the “Scope of the Project”) shall mean and include:

  • Changes to the Project 9.1 All Changes must be approved by the Secretary of State prior to the relevant Change being deemed to be effective. The Grant Recipient shall request the Change on a Project Change Request Form. The Secretary of State shall either agree to the change request or reject the change request within 60 days of the date of the Project Change Request Form.

  • CONSTRUCTION OF THE PROJECT The Allottee has seen the proposed layout plan, specifications, amenities and facilities of the Apartment/ Plot and accepted the floor plan, payment plan and the specification, amenities and facilities annexed along with this Agreement which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the said layout plans, floor plans and specifications, amenities and facilities. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent authorities and shall also strictly abide by the bye-laws, FAR, and density norms and provisions prescribed by the relevant building bye-laws and shall not have an option to make any variation/ alteration/ modification in such plans, other than in the manner provided under the Act, and breach of this term by the Promoter shall constitute a material breach of this Agreement.

  • Self Scheduling The Home and the Union may agree to implement a self-scheduling process. Self-scheduling is the mechanism by which employees in a Home create their own work schedules. The purpose of self scheduling is to improve job satisfaction and quality of work life for the participating employees. Self scheduling requires a collaboration of employees and management to ensure proper coverage of the Home and to meet the provisions of the Collective Agreement. It is agreed that self scheduling will be negotiated locally by the Home and the Union and will include a trial period. Each Home must have the majority agreement of the full-time and part-time employees who vote on the issue to agree on a trial period of up to six months. Once the trial period is complete, each Home must have a minimum of 66⅔% agreement of the full-time and part-time employees who vote on the issue to continue with the new schedule on a permanent basis.

  • Parties to the Process a) There shall be established a Central Dispute Resolution Committee (“The Committee”), which shall be composed of equal representation of up to four (4) representatives each of the employer bargaining agency and employee bargaining agency (“the central parties”), and up to three representatives of the Crown. The Committee will be co-chaired by a representative from each bargaining agency. All correspondence to the committee will be sent to both co-chairs.

  • MAINTENANCE OF THE PROJECT (11-20-07) (Rev. 1-17-12) 104-10 SP1 G125 Revise the 2012 Standard Specifications as follows: Page 1-35, Article 104-10 Maintenance of the Project, line 25, add the following after the first sentence of the first paragraph: All guardrail/guiderail within the project limits shall be included in this maintenance. Page 1-35, Article 104-10 Maintenance of the Project, line 30, add the following as the last sentence of the first paragraph: The Contractor shall perform weekly inspections of guardrail and guiderail and shall report damages to the Engineer on the same day of the weekly inspection. Where damaged guardrail or guiderail is repaired or replaced as a result of maintaining the project in accordance with this article, such repair or replacement shall be performed within 7 consecutive calendar days of such inspection report. Page 1-35, Article 104-10 Maintenance of the Project, lines 42-44, replace the last sentence of the last paragraph with the following: The Contractor will not be directly compensated for any maintenance operations necessary, except for maintenance of guardrail/guiderail, as this work will be considered incidental to the work covered by the various contract items. The provisions of Article 104-7, Extra Work, and Article 104-8, Compensation and Record Keeping will apply to authorized maintenance of guardrail/guiderail. Performance of weekly inspections of guardrail/guiderail, and the damage reports required as described above, will be considered to be an incidental part of the work being paid for by the various contract items.

  • Construction Sequencing In general, the sequence of the proposed dates of Initial Operation of Interconnection Customers seeking interconnection to the Transmission System will determine the sequence of construction of Network Upgrades.

  • Execution of the Project Section 3.01. (a) The Borrower declares its commitment to the objectives of the Project as set forth in Schedule 2 to this Agreement, and, to this end, shall carry out the Project with due diligence and efficiency and in conformity with appropriate administrative, financial, banking, accounting and environmental practices, and shall provide, promptly as needed, the funds, facilities, services and other resources required for the Project.

  • of the Project III. 2 – Performance obligations

  • Details of the Processing The subject-matter of Processing of Personal Data by Data Processor is the performance of the Services pursuant to the Agreement. The duration of the Processing, the nature and purpose of the Processing, as well as the types of Personal Data Processed and categories of Data Subjects under this DPA are further specified in Schedule 1 (Details of the Processing) to this DPA.

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