Covenant of Continuous Operation Sample Clauses

Covenant of Continuous Operation. Tenant shall carry on its business diligently and continuously at the Premises throughout the Term and shall keep the Premises open for business on all business days in accordance with the schedule of minimum hours specified from time to time by Landlord.
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Covenant of Continuous Operation. Tenant covenants and agrees to continuously operate its business on the Premises which shall mean that Tenant shall be open for business and serving customers for no less than six
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Covenant of Continuous Operation. Tenant will keep such business open on the Premises on every day on which the Hotel is open for business, serving three meals a day and maintaining regular business hours during the Term consistent with similar restaurants in Branson, Missouri, subject to temporary closures for alteration or repair as otherwise permitted hereunder. Notwithstanding the foregoing, Tenant will be released from the further obligation of maintaining daily breakfast service, if, as of the end of any full calendar year during the Term beginning with 2006, Tenant's Gross Receipts attributable to serving breakfast at the Restaurant average less than $800 per day for the three (3) busiest consecutive calendar months (for breakfast) during such year.
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Covenant of Continuous Operation. Tenant shall continuously use the Leased Premises for the uses specified in this lease during all usual business hours and on all such days as comparable businesses in the area are open for business.
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Covenant of Continuous Operation. Lessee shall open the Property for business on or before the Rent Commencement Date. On and after such date Lessee shall carry on business diligently and continuously at the Premise throughout the Term and any Extended term and shall keep the Property open for business on all business days. If Lessee fails to carry on business each business day as required pursuant to this Paragraph 6(b), in addition to the monthly rent, for each day during which the Property are not open or during which the required hours are not maintained, Lessee shall pay an amount equal to fifty percent (50%) of the per diem monthly rent then payable under this Lease; provided, however, that the foregoing portion of this sentence shall not in any way limit Lessor's recovery for Lessee's failure to perform Lessee's obligations under this Lease. Lessee shall not use or permit the use of any portion of the Property for the conduct in or on the Property of any activity other than the Business, or of warehouse and stock within the Property and goods, wares or merchandise other than that which Lessee intends to offer for sale from the Premise as part of the Business.
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Covenant of Continuous Operation. Licensee will continuously and uninterruptedly occupy and use the Departments for the purpose of selling the Specialty Merchandise at all hours that the Locations are open. Licensee will conduct its business at all times in a reputable manner using its commercially reasonable efforts to produce the maximum volume of sales. Licensee will maintain ample merchandise of proper style, quality and quantity. Licensee will use commercially reasonable efforts to offer its services and sell its merchandise competitively with similar departments in the trading area of each Location. The foregoing covenant of continuous operation is of the essence of this Agreement.
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Covenant of Continuous Operation. Operator covenants to continuously operate or cause the continuous operation of its Services during the term of the Agreement, and the failure of Operator to do so shall constitute an event of default. The failure to comply with this covenant of continuous operation shall not be excused or waived by reason of Operator’s failure to realize or achieve targeted revenue forecasts or goals for any period of time during the term of the Agreement.
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Covenant of Continuous Operation 
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Related to Covenant of Continuous Operation

  • Continuous Operation The work week shall provide for continuous operation based on a seven (7) day week, twenty-four (24) hours per day.

  • Continuous Operations Any employee or group of employees engaged in an operation for which there is regularly scheduled employment on a twenty-four (24) hour a day, seven (7) day a week basis shall be known as continuous operations employees.

  • Employment Deemed Continuous ‌ The service of an employee who is absent from work in accordance with this article shall be considered continuous for the purpose of Articles 18 (Vacation Entitlement) and 25 (Health Care Plans). The Employer shall continue to make payments to Health and Welfare Plans, in the same manner as if the employee were not absent where the employee elects to pay his or her share of the cost of the plans.

  • Calculation of Continuous Service In determining the period of continuous service of employees on the active payroll for the purpose of vacation entitlement and Article

  • Termination of Continuous Service Except as otherwise provided in this Section 3, the unvested portion of the award shall be forfeited as of the date (the “Termination Date”) that the Grantee actually ceases to provide services to the Company or any Affiliate in any capacity of Employee, Director or Consultant (irrespective of whether the Grantee continues to receive severance or any other continuation payments or benefits after such date) (such cessation of the provision of services by Grantee being referred to as “Service Termination”). A Service Termination shall not occur and Continuous Service shall not be considered interrupted in the case of (i) any approved leave of absence, (ii) transfers among the Company, any Subsidiary or Affiliate, or any successor, in any capacity of Employee, Director or Consultant, or (iii) any change in status as long as the individual remains in the service of the Company or a Subsidiary or Affiliate in any capacity of Employee, Director or Consultant.

  • Period of Continuous Service Period of Notice Up to 1 Year 1 Week More than 1 Year but less than 3 Years 2 Weeks More than 3 Years but less than 5 Years 3 Weeks More than 5 Years 4 Weeks

  • Description of Accounting Services on a Continuous Basis The Administrator will perform the following accounting services with respect to the Portfolio: (i) Journalize investment, capital share and income and expense activities; (ii) Verify investment buy/sell trade tickets when received from the investment adviser for the Portfolio (the “Adviser”) and transmit trades to the Fund’s custodian (the “Custodian”) for proper settlement; (iii) Maintain individual ledgers for investment securities; (iv) Maintain historical tax lots for each security; (v) Reconcile cash and investment balances of the Fund with the Custodian, and provide the Adviser with the beginning cash balance available for investment purposes; (vi) Update the cash availability throughout the day as required by the Adviser; (vii) Post to and prepare the Statement of Assets and Liabilities and the Statement of Operations; (viii) Calculate various contractual expenses (e.g., advisory and custody fees); (ix) Monitor the expense accruals and notify an officer of the Fund of any proposed adjustments; (x) Control all disbursements and authorize such disbursements upon Written Instructions; (xi) Calculate capital gains and losses; (xii) Determine net income; (xiii) Obtain security market quotes from independent pricing services approved by the Adviser, or if such quotes are unavailable, then obtain such prices from the Adviser, and in either case calculate the market value of the Portfolio’s Investments; (xiv) Transmit or mail a copy of the daily portfolio valuation to the Adviser; (xv) Compute net asset value; (xvi) As appropriate, compute yields, total return, expense ratios, portfolio turnover rate, and, if required, portfolio average dollar-weighted maturity; and (xvii) Prepare upon request a monthly financial statement which includes the following items: Schedule of Investments Statement of Assets and Liabilities Statement of Operations Cash Statement Schedule of Capital Gains and Losses.

  • Covenant Termination If at any time (a) the rating assigned to the Notes by S&P and Xxxxx’x is an Investment Grade Rating, (b) no Event of Default has occurred and is continuing under this Indenture and (c) the Issuers have delivered to the Trustee an Officers’ Certificate certifying to the matters specified in clauses (a) and (b) of this sentence as of the date of such certificate, the Company and its Restricted Subsidiaries will no longer be subject to the provisions of Section 3.09, Section 4.07, Section 4.08, Section 4.09, Section 4.10, Section 4.11, Section 4.17, Section 4.18, Section 4.20, and Section 5.01(a)(iv). However, the Company and its Restricted Subsidiaries will remain subject to all of the other provisions of this Indenture.

  • Status as a Well-Known Seasoned Issuer (A) At the time of filing the Original Registration Statement, (B) at the time of the most recent amendment thereto for the purposes of complying with Section 10(a)(3) of the 1933 Act (whether such amendment was by post-effective amendment, incorporated report filed pursuant to Section 13 or 15(d) of the 1934 Act or form of prospectus), (C) at the time the Company or any person acting on its behalf (within the meaning, for this clause only, of Rule 163(c) of the 1933 Act Regulations) made any offer relating to the Securities in reliance on the exemption of Rule 163 of the 1933 Act Regulations and (D) at the date hereof, the Company was and is a “well-known seasoned issuer” as defined in Rule 405 of the 1933 Act Regulations (“Rule 405”), including not having been and not being an “ineligible issuer” as defined in Rule 405. The Registration Statement is an “automatic shelf registration statement,” as defined in Rule 405, and the Securities, since their registration on the Registration Statement, have been and remain eligible for registration by the Company on a Rule 405 “automatic shelf registration statement.” The Company has not received from the Commission any notice pursuant to Rule 401(g)(2) of the 1933 Act Regulations objecting to the use of the automatic shelf registration statement form. At the time of filing the Original Registration Statement, at the earliest time thereafter that the Company or another offering participant made a bona fide offer (within the meaning of Rule 164(h)(2) of the 1933 Act Regulations) of the Securities and at the date hereof, the Company was not and is not an “ineligible issuer,” as defined in Rule 405.

  • Continuous Employment For purposes of this Agreement, the continuous employment of the Grantee with the Company or a Subsidiary shall not be deemed to have been interrupted, and the Grantee shall not be deemed to have ceased to be an employee of the Company or Subsidiary, by reason of (a) the transfer of the Grantee’s employment among the Company and its Subsidiaries or (b) an approved leave of absence.

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