Constitution and nature Sample Clauses

Constitution and nature. The Grupo is governed by the provisions of this agreement, by the applicable cooperative and capital company legislation and by all the regulations in force from time to time for credit institutions. The member institutions shall have full independence, their own legal personality and autonomy of management, administration and governance, except for that which is expressly delegated to the head institution of the Grupo. In particular and without limitation, the head entity shall be delegated all the powers included in this agreement and, in particular, those indicated in clause twelfth, in the event that (i) the Board of Directors of the head entity has approved the activation of the recovery plan drawn up in accordance with Law 11/2015 of 18 June 2015 on the recovery and resolution of credit institutions and investment services companies (hereinafter, "Law 11/2015"); or (ii) the Grupo fails or is expected to fail to comply with prudential requirements in accordance with the applicable regulations; or (iii) the head entity considers that there are objective elements according to which it is reasonably foreseeable that the necessary circumstances exist or may exist in the near future for the opening of a resolution process pursuant to article 19 of Law 11/2015, of one or more member entities or of the Grupo itself; or (iv) a resolution process of the Grupo is opened pursuant to article 19 of Law 11/2015; or (v) the competent supervisor so decides, as a preventive measure, pursuant to article 9 of Law 11/2015 on early action measures once the necessary conditions are met pursuant to article 8 of the same Law 11/2015; or (vi) the opening of an insolvency proceeding is foreseen; or (vii) a resolution process of the Grupo is foreseen pursuant to article 8 of the same Law 11/2015, or (viii) a resolution process of the Grupo is opened pursuant to article 19 of Law 11/2015, or the same is effectively declared, of any of the Grupo entities. The occurrence of any of the events in the preceding paragraph will activate the "Special Powers Delegation Date", which will last for as long as the situation that gave rise to its activation continues to exist. The Grupo is configured as a single functional entity that integrates its member entities to meet the purposes set out in this agreement.
Sample 1
AutoNDA by SimpleDocs

Related to Constitution and nature

  • RECOGNITION AND SCOPE OF AGREEMENT a) The Company recognizes the Union as the sole and exclusive Bargaining Agent for all Production Coordinators, 1st Assistant Production Coordinators and 2nd Assistant Production Coordinators, Production Assistants (with the exception of Set and Location PA’s) and any other classifications that may be contained in Schedule A of this agreement.

  • RECOGNITION AND SCOPE 1.01 The Company agrees to recognize the Union as the sole collective bargaining agent for employees covered by this Agreement.

  • Execution and Filing Within fifteen (15) Business Days after receipt of the executed LGIA, the Developer shall provide the ISO and Connecting Transmission Owner (A) reasonable evidence of continued Site Control or (B) posting of $250,000, non-refundable additional security with the Connecting Transmission Owner, which shall be applied toward future construction costs. At the same time, the Developer also shall provide the ISO and Connecting Transmission Owner reasonable evidence that one or more of the following milestones in the development of the Large Generating Facility, at the Developer election, has been achieved: (i) the execution of a contract for the supply or transportation of fuel to the Large Generating Facility; (ii) the execution of a contract for the supply of cooling water to the Large Generating Facility; (iii) execution of a contract for the engineering for, procurement of major equipment for, or construction of, the Large Generating Facility; (iv) execution of a contract for the sale of electric energy or capacity from the Large Generating Facility; or (v) application for an air, water, or land use permit. The Developer shall either: (i) execute three (3) originals of the tendered LGIA and return them to the ISO and Connecting Transmission Owner; or (ii) request in writing that the ISO and Connecting Transmission Owner file with FERC an LGIA in unexecuted form. As soon as practicable, but not later than ten (10) Business Days after receiving either the two executed originals of the tendered LGIA (if it does not conform with a Commission-approved standard form of interconnection agreement) or the request to file an unexecuted LGIA, the ISO and Connecting Transmission Owner shall file the LGIA with FERC. The ISO will draft the portions of the LGIA and appendices that are in dispute and assume the burden of justifying any departure from the pro forma LGIA and appendices. The ISO will provide its explanation of any matters as to which the Parties disagree and support for the costs that the Connecting Transmission Owner proposes to charge to the Developer under the LGIA. An unexecuted LGIA should contain terms and conditions deemed appropriate by the ISO for the Interconnection Request. The Connecting Transmission Owner will provide in the filing any comments it has on the unexecuted agreement, including any alternative positions, it may have with respect to the disputed provisions. If the Parties agree to proceed with design, procurement, and construction of facilities and upgrades under the agreed-upon terms of the unexecuted LGIA, they may proceed pending Commission action.

  • Recognition and Negotiations The Employer or anyone authorized to act on their behalf recognizes the Union as the sole collective bargaining agency for its employees classified and covered by this Agreement. The Employer agrees to negotiate with the Union or anyone authorized to act on behalf of the Union, in any and all matters affecting the relationship between the parties to this Agreement.

  • Media preservation and protection When a Contractor discovers a cyber incident has occurred, the Contractor shall preserve and protect images of all known affected information systems identified in paragraph (c)(1)(i) of this clause and all relevant monitoring/packet capture data for at least 90 days from the submission of the cyber incident report to allow DoD to request the media or decline interest.

  • RECOGNITION AND JURISDICTION The Employer recognizes the Union as the sole and exclusive collective bargaining agent for all employees who are engaged in the receiving, cutting, grinding, slicing, curing, displaying, preparing, processing, seal­ ing, wrapping, bagging, pricing, prefabricating and selling of all meat products, sausage, poultry, rabbits, fish and seafood products, canned hams, bacon, pork loins and picnics, whether such products are fresh, frozen, chilled, cooked, cured, smoked or barbecued, including those employees operating equipment used in wrapping, cubing, tenderizing of such meat products and who perform their duties in all areas where such products are prepared, displayed and offered for retail sale in service or self-service cases located in retail markets that are presently owned, leased^ arv^-diled, operated or supervised by the Employer during the period of this Agreement. All services as indicated above shall be performed by employees covered <b y . this Agreement. The aforesaid shall not preclude the Employer from purchasing and selling fresh prepack­ aged, case-ready, unpriced, chill-pack whole, cut-up, and parts of chickens. The foregoing provision is not intended and will not be interpreted to prevent Employer from follow­ ing practices in or out of its stores which have been followed in the past by a store covered by a Greater Kansas City Retail Meat Cutters Contract, which ex­ pired October 3, 1965, and it is not intended by this provision to prevent the Employer from cutting, pack­ aging or otherwise handling meat at a central point in Greater Kansas City if the work previously per­ formed at the Employer’s store would be performed by members of the Union under a contract stipulating the rates provided for in this contract with hours and working conditions tailored to fit the operation. It shall not be required to price merchandise which has a UPC label only or which has a UPC label and has been pre-priced with a price stated in dollars and cents by a supplier or manufacturer in stores equipped with scanners. Meat merchandisers and meat supervisors may handle the product when working along with a meat cutter for the purpose of training and supervision within store.

  • Data Protection and Security A. In this Agreement the following terms shall have the meanings respectively ascribed to them:

  • Education and Prevention 6.1 The policy will be discussed and put forward for adoption on site at a meeting of all workers.

  • Construction and Scope of Agreement The language of all parts of this Agreement shall in all cases be construed as a whole, according to its fair meaning, and not strictly for or against any party. This Agreement is the only, sole, entire, and complete agreement of the parties relating in any way to the subject matter hereof. No statements, promises, or representations have been made by any party to any other, or relied upon, and no consideration has been offered or promised, other than as may be expressly provided herein. This Assumption of Risk, Release of Claims, Indemnification, and Hold Harmless and Agreement supersedes any earlier written or oral understandings or agreements between the parties. Participant acknowledges that he/she has read this Assumption of Risk, Release of Claims, Indemnification and Hold Harmless Agreement, understands its meaning and effect, and agrees to be bound by it. Date:

  • Mediation and jurisdiction 1. The data importer agrees that if the data subject invokes against it third-party beneficiary rights and/or claims compensation for damages under the Clauses, the data importer will accept the decision of the data subject:

Time is Money Join Law Insider Premium to draft better contracts faster.