Ceasing of operations Sample Clauses

Ceasing of operations. 23.1 The Councils shall be advised two months in advance of any decision to cease operations by the Operator.
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Ceasing of operations. The Councils shall be advised two months in advance of any decision to cease operations by the Operator. In any circumstance where operations are to cease, the Operator will be responsible for the retrieval of all bicycles and any associated property stored on land owned by the Councils, public or private landholders. A plan detailing this approach must be submitted to the council two weeks prior to the operation ceasing. Any bicycles which are not collected will be retrieved by council, an impound fee will apply and the bicycles will be recycled. The Operator shall provide a surety of $50,000 total to the Councils for the duration of the trial. This amount will be held by the Melbourne City Council and may be drawn upon by public agencies in the event that costs are incurred related to: (a) parks, waterways and public land clean-up fees or, (b) overdue unpaid impound fees at the conclusion of the duration of the MOU. The Councils must provide appropriate evidence of costs incurred, including photographic imagery, to the Operator prior to drawing down on any of the surety for costs incurred retrieving bicycles from parks, waterways or public land. The surety will be refunded 3 months after the conclusion of the trial to ensure that any clean-up costs are accurately accounted for. The surety should only be accessed as a means of last resort and such costs should normally be addressed through the regular monitoring and maintenance activities of the Operator.
Ceasing of operations. The Grantee must make provision in its accounts and Budget, to a level satisfactory to the Commonwealth, to use funding for expenses or liabilities accrued during the term related to the ceasing of operations that are expected to be incurred at the end of or after the Activity. This includes ensuring that in the event of ceasing of operations, there is sufficient funding for the payment of any employee entitlements accrued over the term available for the payment of employee entitlements.
Ceasing of operations. In the event that the employer ceases operations entirely, a permanent employee shall be given notice in accordance with the Employment Standards Act R.S.O 1980, as amended. In addition, the day-care will provide each permanent employee with one
Ceasing of operations. In the event that LICENSEE ceases operations, all rights acquired by the LICENSEE hereunder shall terminate.
Ceasing of operations. 28.01 In the event that the Employer permanently shuts down any restaurant covered by this Agreement, the Union shall receive as much advance notice as possible but in any case shall be notified of the closure no less than ninety (90) days in advance of the proposed closure. This shall not apply where the closure is outside of the control of the Employer. Employees laid off as a result of the above situation shall reserve the right to exercise their seniority and bump any Server with less seniority from any other property covered under this collective agreement in order to maintain employment with the employer. The bumping Employee will bring his/her restaurant seniority to the new property.

Related to Ceasing of operations

  • Continuity of Operations (1) Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • Hours of Operation Tenant will carry on its business diligently and continuously in the Premises and will keep the Premises open for business not less than sixteen (16) consecutive hours each day seven (7) days per week, including holidays. Director or his/her representative may, from time to time, change such required hours of operation, in which event, Tenant will remain open during such revised hours. Similarly, Tenant may, from time to time, request to revise its hours of operation. Such change must be approved by Director or his/her representative, in writing, prior to its occurrence. Tenant may not, at any time, vacate or abandon the Premises.

  • Operations As of the date hereof, the Company has not conducted, and prior to the IPO Closing the Company will not conduct, any operations other than organizational activities and activities in connection with offerings of its securities.

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