CONTROL OPERATIONS Sample Clauses

CONTROL OPERATIONS. Fund Balancing Reports generated by the Shareholder Accounting system are balanced to ensure that share activity at the individual account level balances to share totals at the aggregate fund level. Should an out-of-balance condition occur, research will be performed to isolate the cause of the discrepancy and corrective action will be taken. Control Operations is responsible for the reporting of fund share and cash activity to fund accounting including but not limited to estimates, money market cash availability, and adjustments.
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CONTROL OPERATIONS. The provisions of Clause 14 are complemented as follows: Due to the co-funded nature of the activity in the frame of the GMES Space Component Programme carried out in cooperation with the European Union (EU) the Contractor agrees the following, for those activities in respect of which the Agency will have informed the Contractor that they are to be opened for competition to Companies and Organisations from both ESA and FP7 Member/Participating States, and that will therefore be co- funded by the EU: - The right of checks and audits provided for under the General Clauses and Conditions shall be extended to the competent bodies of the European Union, the European Commission, the Court of Auditors and inter alia the European anti-fraud Office (OLAF) or any representative authorized by them. In particular, the Commission and OLAF shall be authorized to carry-on on-the- spot checks and inspections in accordance with the provisions of Council Regulation (EC, Euratom) No. 2185/96. - This right includes access to all relevant information in accordance with the provisions of Council Regulation (EC,EURATOM) No. 2185/96. This obligation remains valid until 31st December 2020. It is recalled that the Contractor will be excluded from participation in ESA programmes funded by the EU and from any other procurement or grant procedure financed by the EU, if the Contractor is found guilty of fraud, corruption, involvement in a criminal organization or any other illegal activity detrimental to the financial interests of the EU. In the event the Contractor has made false declarations to the detriment of the financial interest of the EU, ESA may, with immediate effect, request reimbursements of payments made on the basis of these false declarations and terminate the Contract with immediate effect at the conditions foreseen under Clause 34 of the General Conditions. The Contractor agrees and accepts that the EU may, in this event or in any other event of irregularity or fraud, take any further necessary action (including prosecution) to recover such unduly paid funds.
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CONTROL OPERATIONS. Upon the Plant having achieved Commercial Delivery of Power, the Parties agree that, without limiting in any way Contractor’s further obligations under this Agreement, Owner shall control the Plant and that the operations of the Plant shall be available to commence on a daily or regular basis.
Sample 1

Related to CONTROL OPERATIONS

  • 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.

  • Operational Control Directing the operation of the Transmission Facilities Under ISO Operational Control to maintain these facilities in a reliable state, as defined by the Reliability Rules. The ISO shall approve operational decisions concerning these facilities, made by each Transmission Owner before the Transmission Owner implements those decisions. In accordance with ISO Procedures, the ISO shall direct each Transmission Owner to take certain actions to restore the system to the Normal State. Operational Control includes security monitoring, adjustment of generation and transmission resources, coordination and approval of changes in transmission status for maintenance, determination of changes in transmission status for reliability, coordination with other Control Areas, voltage reductions and Load Shedding, except that each Transmission Owner continues to physically operate and maintain its facilities.

  • Interim Operations (a) The Company covenants and agrees as to itself and its Subsidiaries that, from and after the execution of this Agreement and prior to the Effective Time (unless Parent shall otherwise approve in writing, which approval shall not be unreasonably withheld, conditioned or delayed, and except as (1) required by applicable Law, (2) expressly required by this Agreement or (3) otherwise expressly disclosed in Section 6.1(a) of the Company Disclosure Letter), the Company shall use its reasonable best efforts to conduct its business and the business of its Subsidiaries in the ordinary course of business consistent with past practice and each of the Company and its Subsidiaries shall, subject to compliance with the specific matters set forth below, use reasonable best efforts to preserve its business organization intact and maintain the existing relations and goodwill with Governmental Entities, customers, suppliers, distributors, licensors, creditors, lessors, employees and business associates and others having material business dealings with it and keep available the services of the Company and its Subsidiaries’ present employees and agents. Without limiting the generality of, and in furtherance of, the foregoing, the Company covenants and agrees as to itself and its Subsidiaries that, from and after the date of this Agreement and prior to the Effective Time, except (A) as required by applicable Law, (B) as Parent may approve in writing (such approval not to be unreasonably withheld, conditioned or delayed), (C) as expressly disclosed in Section 6.1(a) of the Company Disclosure Letter or (D) as expressly provided for in this Agreement, the Company shall not and will not permit any of its Subsidiaries to:

  • 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.

  • Profitable Operations Borrower will not permit Consolidated Net Income (a) for any fiscal year, commencing with the fiscal year ending December 31, 2002, to be less than $1.00 and (b) for any two consecutive fiscal quarters (treated as a single accounting period) to be less than $1.00.

  • Banking Operations Enter into any new material line of business; change its material lending, investment, underwriting, risk and asset liability management and other material banking and operating policies, except as required by applicable law, regulation or policies imposed by any Governmental Authority; or file any application or make any contract with respect to branching or site location or branching or site relocation.

  • Management and Control of the Company The Manager shall direct, manage and control the business of the Company to the best of such Manager’s ability and shall have full and complete authority, power and discretion to make any and all decisions and to do any and all things which the Manager shall deem to be reasonably required in light of the Company’s business and objectives.

  • Business Operations Company will provide all necessary equipment, personnel and other appurtenances necessary to conduct its operations. Company will conduct its business operations hereunder in a lawful, orderly and proper manner, considering the nature of such operations, so as not to unreasonably annoy, disturb, endanger or be offensive to others on the Airport. Company will provide all services under this Agreement on a fair and reasonable basis to all users of the Airport. Service will be prompt, courteous and efficient.

  • Communications and Operations Management a. Network Penetration Testing - Transfer Agent shall, on approximately an annual basis, contract with an independent third party to conduct a network penetration test on its network having access to or holding or containing Fund Data. Transfer Agent shall have a process to review and evaluate high risk findings resulting from this testing.

  • Management and Operation of Business 37 6.1 Management...................................................................................37 6.2 Certificate of Limited Partnership...........................................................38 6.3 Restrictions on General Partner's Authority..................................................38 6.4 Reimbursement of the General Partner.........................................................39 6.5

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