CONTINUATION OF OPERATION Sample Clauses

CONTINUATION OF OPERATION. When the Chief Executive Officer of Employer notifies the head of the Unit in writing (a "Continuation Notification") that the Unit shall continue as part of HMS. Employer shall cause a copy of the Continuation Notice to be provided to Employee simultaneously with its delivery to the head of the Unit. The Bonus will be paid to Employee in a lump sum within thirty business days after delivery of the Continuation Notice.
Sample 1
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CONTINUATION OF OPERATION. ‌ 26.1 The Union agrees that it will not institute, cause or condone, and will take prompt and appropriate measures to prevent or discourage, any strikes, work stoppage, work slow-down, picket lines, secondary boycotts or disturbances, even of a temporary nature and the Employer agrees that there will be no lockouts. The Union agrees to fully support the Employer in maintaining its operations in every way. Participation by any employee or employees in an act violating this provision, in any way, will be complete and immediate cause for disciplinary action, including discharge.
Sample 1
CONTINUATION OF OPERATION. Sellers will use their best effort ------------------------- to cause the Sellers to preserve their business organizations intact and to keep available for Buyer all key employees and to preserve the present relationship with all suppliers and customers and others having business relations with it and to conduct their business only in the ordinary course prior to closing.
Sample 1
CONTINUATION OF OPERATION. Except as set forth in Section 6.14 of the Buyer Disclosure Schedule, Buyer represents and warrants to Seller that Buyer expects to cause the business of Buyer to be conducted in the ordinary course in substantially the same manner as presently conducted as described in the Filed Buyer SEC Reports and expects to make all commercially reasonable efforts consistent with past practices to preserve Buyer’s relationships with customers, suppliers and others with whom Buyer has a material business relationship.
Sample 1

Related to CONTINUATION OF OPERATION

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

  • Statement of Operations Statement of Changes in Net Assets.

  • Commencement of Operations The Partnership shall not begin operations on its Leases unless the Managing General Partner is satisfied that necessary title requirements have been satisfied.

  • SUSPENSION OF OPERATIONS Concessionaire shall, at the direction of Department, immediately suspend, delay or interrupt Concessionaire’s operation of all or any part of the Concession Premises for such period of time as Department may determine to be appropriate to protect the Concession Premises and/or public health, safety, and welfare due to the occurrence of hazardous work conditions, emergency conditions, and/or any other cause including, but not limited to, Concessionaire's failure to perform any of the covenants, agreements, and conditions contained in this Agreement on its part to be performed. Concessionaire hereby waives any claim, and Department shall not be liable to any party claiming through Concessionaire, for damages, payment abatement, or compensation as a result of Department's actions under this Paragraph or this Agreement. Department's suspension of Concessionaire's operations shall be in addition to any other right or remedy available by law or in equity.

  • PERIOD OF OPERATION Subject to certification, this Agreement shall come into force from the first pay period commencing on or after 1st December 2002 and shall remain in force until 31 October 2005.

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts

  • DATE AND PERIOD OF OPERATION 3.1 This Agreement will operate from the date seven (7) days after it is approved by the FWC and shall have a nominal expiry date of 2 July 2027. By no later than 2 July 2026 the Employer intends to commence discussions concerning a replacement enterprise agreement. This Agreement will continue to operate after its nominal expiry date unless it is replaced by another enterprise agreement or terminated in accordance with the Fair Work Act.

  • Continuity of Operations 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.

  • Control of Operations Without in any way limiting any party’s rights or obligations under this Agreement, the parties understand and agree that (a) nothing contained in this Agreement shall give Parent or the Company, directly or indirectly, the right to control or direct the other party’s operations prior to the Effective Time and (b) prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.

  • TRANSFER OF OPERATIONS Purchaser shall be entitled to immediate possession of, and to exercise all rights arising under, the Assets from and after the time that the Restaurants open for business on the Closing Date, and operation of the Restaurants shall transfer at such time (the "Effective Time"). Except as expressly provided in this Agreement, all profits, losses, liabilities, claims, or injuries arising before the Effective Time shall be solely to the benefit or the risk of Seller. All such occurrences after the Effective Time shall be solely to the benefit or the risk of Purchaser. The risk of loss or damage by fire, storm, flood, theft, or other casualty or cause shall be in all respects upon Seller prior to the Effective Time and upon the Purchaser thereafter.

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