Decoupling Procedure Sample Clauses

Decoupling Procedure. Subject to the limitations established in the Lock-Up Agreement, and, provided that for the sole purpose of disposal of said Shares in B3, each Party may, at any time, at its sole discretion, by notifying the bookkeeping institution of the shares issued by With a copy to the other Parties, to decouple part of its Bound Shares, within the limits described in Clause 2.4.1 below. The shares will be considered decoupled as of the date of receipt of the aforementioned notification by the other Parties or by the bookkeeping institution of the shares issued by the Company, whichever is the last (“Decoupling Date”), and will remain decoupled for the period of 30 (thirty) days from the Decoupling Date, which may be sold, without the restrictions contained in this Agreement being applied, except for the Right to Joint Sale, as provided in Clause 8 of this Agreement. If such disposal does not take place within 30 (thirty) days from the Decoupling Date, such shares will automatically become subject to this Agreement again and will therefore be considered Bound Shares. The right to request the decoupling of its shares provided for in this Clause cannot be exercised on more than three successive occasions, in order to maintain the decoupling of such shares. Once the request to decouple the Bound Shares has been exercised on three successive occasions, the Party may only request the decoupling of the shares after at least 90 (ninety) days after the expiration of the 30 (thirty) days term of the last decoupling. Additionally, in the event of any general meeting during that period of 30 (thirty) days in which the Shares are disconnected from the Agreement, such shares cannot be sold on the date of said general meeting and should be considered as Bound Shares for the exercise of rights and obligations provided for in this Agreement. After such general meeting, the shares will again be decoupled from this Agreement until the conclusion of the term of 30 (thirty) days from the Decoupling Date. The notification to be sent to the bookkeeping institution and to the other Parties by the Party that wishes to untie the Bound Shares under the terms of this Clause must contain a description of the procedure provided for herein.
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Related to Decoupling Procedure

  • BILLING PROCEDURE a. The Contractor shall submit, not more than semi-monthly, properly completed A-19 vouchers (the "voucher") to one of the following: The Department of Children, Youth, and Families Attn: Xxxxx Xxxxxxxx PO Box 40970 Olympia WA 98504-0970 Or, email a scan of an original, signed A-19 voucher directly to the DCYF Contract Manager at xxxxx.xxxxxxxx@xxxx.xx.xxx

  • Bumping Procedure (1) Regular employees who receive notice of layoff shall have the right to bump employees with less seniority.

  • Testing Procedure A. For alcohol testing, the member shall be first given a breath test, at the collection site, followed by a confirmatory urine test only where the breath test reveals an initial positive alcohol level of .04 grams per 210 l. of breath. If the initial breath test results are below this level, testing shall be discontinued; if confirmatory urine tests results are below a level equivalent to .04 grams per 210 l. of breath, the confirmatory test shall be considered negative.

  • Working Procedure Assist in the definition and analysis of vehicle system requirements. Prepare technical specification sheets. Evaluate vendor proposals to ensure the specifications are met. Assist in the generation and checking of test reports. May conduct and witness factory acceptance tests, dynamic performance tests and may provide support for commissioning of vehicles at customers' premises. Perform other related duties as required.

  • Scheduling Procedures 6.1 Prior to the beginning of each week, the Network Customer shall provide to the Transmission Provider expected hourly energy schedules for that week for all energy flowing into the Transmission System administered by Transmission Provider.

  • Closing Procedure The Company or its assigns shall effect the ----------------- Repurchase by delivering or mailing to the Grantee (and/or, if applicable, his Permitted Transferees) written notice within six (6) months after the Termination Event or Bankruptcy, specifying a date within such six-month period in which the Repurchase shall be effected. Upon such notification, the Grantee and his Permitted Transferees shall promptly surrender to the Company any certificates representing the Restricted Shares being purchased, together with a duly executed stock power for the transfer of such Restricted Shares to the Company or the Company's assignee or assignees (as contemplated by Section 6, if applicable). Upon the Company's or its assignee's receipt of the certificates from the Grantee or his Permitted Transferees, the Company or its assignee or assignees shall deliver to him, her or them a check for the purchase price of the Restricted Shares being purchased, provided, however, that the Company may pay the purchase price for such shares by offsetting and canceling any indebtedness then owed by the Grantee to the Company. At such time, the Grantee and/or any holder of the Restricted Shares shall deliver to the Company the certificate or certificates representing the Restricted Shares so repurchased, duly endorsed for transfer, free and clear of any liens or encumbrances. The Repurchase obligation specified herein shall survive and remain in effect as to Restricted Shares following and notwithstanding any public offering by or merger or other transaction involving the Company and certificates representing such Restricted Shares shall bear legends to such effect.

  • Posting Procedure (a) Except as otherwise provided, all positions shall be posted as they arise and shall be posted using the standard posting format (see Appendix ‘C’).

  • Hearing Procedure Prior to initiating the hearing procedure, the school official, the parent(s) or the guardian may request a conference to provide an opportunity for the parent(s)/guardian(s) and school official(s) to discuss the situation, present information, obtain an explanation of data submitted in the application and the decisions rendered. Such a conference shall not in any way prejudice nor diminish the right to a fair hearing. The designated hearing official shall ensure that the hearing procedure provides the following for both the household and the LEA:

  • Drug Testing Procedures a. The testing procedures and safeguards provided in this policy shall be adhered to by any laboratory personnel administering departmental drug tests.

  • HIRING PROCEDURE B5.1 The Employer agrees that whenever employees covered by this Agreement are required, the Employer shall call the Union office of the Local Union(s) having jurisdiction.

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