Alternatives if Sample Clauses

Alternatives if. Option Not Exercised or if SFOG II Ceases to ------------------------------------------------------------- be the General Partner of Flags II. ---------------------------------- (a) No Indebtedness, Capital Leases, Operating Capital Asset -------------------------------------------------------------- Leases or Liabilities. If the End-of-Term Option is not exercised, or if SFOG II --------------------- ceases to be the General Partner of Flags II by resignation or removal under circumstances where Flags (as the limited partner of Flags II) was entitled to remove the General Partner of Flags II because there was a "Default" (as defined in the Flags II Limited Partnership Agreement), the SFEC Entities will, without thereby causing any non-compliance with this Agreement or any Related Agreement, jointly and severally cause Flags II to have no (i) Indebtedness (including Capital Leases), (ii) current liabilities (excluding the current portion of any such Indebtedness) at December 31, 2026 in excess of its current assets at December 31, 2026 (or, in each case, such earlier date as is applicable), in each case as determined in accordance with GAAP, or (iii) except to the extent Fund requests to the contrary, Operating Capital Asset Leases. Excluded Revenues may not be utilized to comply with the foregoing sentence and, in complying with the foregoing sentence, Capital Leases shall be paid off, with Flags II retaining the property or asset leased.
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Alternatives if a mechanism of joint and several liability is not achieved Extending time-limit EU action for damages in situations of joint liability Berlusconi doctrine in actions for damages
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Related to Alternatives if

  • Objectives and Commitments 7.1 The Objectives of the Parties to this Agreement are: (a) to promote fair, cooperative and productive workplace relations in the building and construction industry; (b) to provide a detailed set of agreed employment benefits, conditions, rights and obligations; (c) to explore the potential for innovation and new technologies; (d) to consider any benefits of alternative hours of work; (e) to support the establishment of consultative bodies to consider the impact of climate change on the working conditions in the industry; (f) to establish practices that support opportunities for a diversified workforce; (g) to support the implementation of highest possible levels of OHS practices, procedures and training; (h) to ensure that fair and equitable employment practices are applied in the workplace; (i) to improve efficiency in the workplace; (j) to provide for the establishment and observance of an effective disputes settlement procedure that involves Employees and their representatives, when requested, at the earliest stage of any dispute or potential dispute. 7.2 The Parties to this Agreement commit themselves to ensuring that: (a) The efficiency measures contained in this Agreement are implemented and lead to real gains in productivity. (b) The principles of industry modernisation are realised during the life of this Agreement (in accordance with Part 11). (c) Productivity gains will not be achieved at the expense of health and safety standards. (d) The disputes settlement procedures provided herein are strictly adhered to. (e) Employment should wherever possible be full time and on going.

  • OBJECTIVES OF THE AGREEMENT 7.1 The parties agree that key objectives of this agreement are; (a) to provide terms and conditions of employment commensurate with the challenges associated with working in the construction industry (b) to provide safe working conditions (c) to provide a functional work/life balance and a comfortable standard of living (d) providing a framework that seeks to maximise productivity and minimise lost time. 7.2 This shall be achieved through genuine communication, consultation, collaboration and a sensible and practical application of terms contained in this agreement.

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