CEASES BUSINESS Clause Samples

The "Ceases Business" clause defines the consequences and procedures that apply if one party stops operating its business, either temporarily or permanently. Typically, this clause allows the other party to terminate the agreement or take specific actions if the counterparty shuts down, enters bankruptcy, or otherwise discontinues its operations. Its core function is to protect parties from being bound to an agreement with an entity that is no longer able to fulfill its obligations, thereby allocating risk and ensuring contractual certainty in the event of business cessation.
CEASES BUSINESS. The Company ceases to actively carry on business;
CEASES BUSINESS. Delivery up on termination‌ Upon termination of this agreement, the Host must:
CEASES BUSINESS. STS ceases doing business as a going concern;
CEASES BUSINESS the Company ceases to actively carry on business; Sole License for Stevia Technology – VRIC & SteviaFirst 17
CEASES BUSINESS. The Partner shall be responsible for terminating all Tail Circuits and Catalogue Services used by it directly as a User under the KPSN Contract. Any termination fees incurred from terminating the Agreement and that are due, will be payable by the Partner within twenty (20) days of receipt of an invoice of such fees. Such termination fees would include KPSN Supplier costs to terminate any Services, any outstanding rental left on an initial term agreed with a KPSN Supplier;
CEASES BUSINESS. Customer ceases doing business as a going concern;
CEASES BUSINESS. The Community Organization ceases to carry on business.

Related to CEASES BUSINESS

  • Carrying on Business The Company and each of the Subsidiaries is, in all material respects, conducting its business in compliance with all applicable laws, rules and regulations (including all applicable federal, provincial, state, territorial, municipal, and local environmental anti-pollution and licensing laws, regulations and other lawful requirements of any governmental or regulatory body, including but not limited to relevant exploration, concessions and permits) of each jurisdiction in which its business is carried on and is licensed, registered or qualified in all jurisdictions in which it owns, leases or operates its properties or assets or carries on business to enable its business to be carried on as now conducted and as proposed to be conducted and its properties and assets to be owned, leased and operated and all such licences, registrations and qualifications are valid, subsisting and in good standing and it has not received a notice of non-compliance, nor knows of, nor has reasonable grounds to know of, any facts that could give rise to a notice of non-compliance with any such laws, regulations, requirements, licences, registrations or qualifications.

  • Union Business (a) The Hospital shall grant leave of absence without pay to employees to attend Union conventions, seminars, education classes and other Union business in connection with the administration of the collective agreement provided that such leave will not interfere with the efficient operation of the Hospital. Such leave will not be unreasonably denied. In requesting such leave of absence for an employee or employees, the Union must give at least fourteen (14) days clear notice in writing to the Hospital, unless not reasonably possible to give such notice. The cumulative total leave of absence, the number of employees that may be absent at any one time from any one area, and the number of days of absence shall be negotiated locally and are set out in the Local Provisions Appendix. During such leave of absence, the employee's salary and applicable benefits shall be maintained by the Hospital on the basis of what his normal regular hours of work would have been, provided that the Union reimburses the Hospital in the amount of such salary and applicable benefits within thirty (30) days of billing. Notwithstanding the above, time spent by the eight (8) Executive Board members and seven (7) Alternate Executive Board members of the Ontario Council of Hospital Unions to fulfill the duties of the position shall be in addition to leave for Union Business under this clause. Part-time and casual employees will be given full credit for seniority purposes for regularly scheduled hours missed in accordance with this provision. (b) In addition to the above, a part-time or casual employee who is attending to union business when not regularly scheduled to work shall be deemed to be on union leave and the amount of such leave shall not be deducted from the number of days of absence identified above. Such part-time or casual employee will be credited with seniority for the number of hours of such leave to a maximum of thirty-seven and one-half (37.5) hours per week. The Union will advise the Hospital of the number of such hours.

  • Continued Business No supplier, customer, distributor or sales agent of the Company or any subsidiary has notified the Company or any subsidiary that it intends to discontinue or decrease the rate of business done with the Company or any subsidiary, except where such discontinuation or decrease has not resulted in and could not reasonably be expected to result in a Material Adverse Effect.

  • Non-Company Business Except with the prior written consent of the Board, Executive will not during the term of Executive’s employment with the Company undertake or engage in any other employment, occupation or business enterprise, other than ones in which Executive is a passive investor. Executive may engage in civic and not-for-profit activities so long as such activities do not materially interfere with the performance of Executive’s duties hereunder.

  • Restricted Business For all purposes under this Agreement, “Restricted Business” shall mean the design, development, marketing or sales of software, or any other process, system, product, or service marketed, sold or under development by the Company at the time Executive’s Employment with the Company ends.