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DESCRIPTION OF OPERATING SERVICES Sample Clauses

DESCRIPTION OF OPERATING SERVICES. From and after the Operations Transfer Date, with respect to all Operating Services except the Interim Services, and from and after the Interim Services Date with respect to the Interim Services, Contractor shall perform, furnish and pay for all costs, expenses, services, supplies, equipment, resources, material, labor and other personnel, contractors and subcontractors, as may be required to manage, operate and maintain the Transmission System and Transmission Assets (the "Operating Services") in accordance with the terms of this Agreement, except only for those services to be performed by Owner pursuant to Section 2.3. The Operating Services shall include and Contractor hereby is granted the exclusive right, power and authority to perform and furnish, without limitation, the following services, supplies, equipment, materials, labor and personnel, except to the extent any such services are described in Section 2.3 or restricted pursuant to Section 2.4 or any other provision of this Agreement, and subject to the Recoveries as provided in the Purchase and Sale Agreement: (a) Manage, operate, maintain and repair the Transmission System and Transmission Assets and procure and furnish all materials (e.g. consumables, including bolts, gaskets and fluids), equipment, tools, services, supplies, supervision and labor, liquids and chemicals, and mechanical parts necessary to carry out Contractor's responsibilities under this Agreement; (b) Perform, on behalf of Owner, all of the obligations of Owner continuing or arising after the Operations Transfer Date under or with respect to the Transmission System and Transmission Assets, including, but not limited to, the performance of all obligations consistent with, and as may be required by, the provisions of the Tariff, all obligations of Owner under applicable FERC certificates, all obligations of Owner under its Service Agreements and Contracts-Transmission, all obligations of Owner (including the payment of rent and other monetary obligations) under all leases pursuant to which any of the Transmission Assets are leased by Owner and all obligations (including the payment of fees, rentals and other payments) arising under all Real Property-Transmission; (c) Perform, on behalf of Owner, such Modifications to the Transmission System as Contractor deems appropriate, necessary or desirable and which satisfy the requirements of Section 2.5, and provide all supplies, equipment and material required in connection therewith, a...
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DESCRIPTION OF OPERATING SERVICES. The Operating Services to be performed by FITT will be those operating services related to the financing, production, marketing and distribution of the Products, and shall include, but not be limited to, the following pursuant to the terms of this Agreement;
DESCRIPTION OF OPERATING SERVICES. 6 2.3 Certain Rights and Obligations of Owners.....................9 2.4

Related to DESCRIPTION OF OPERATING SERVICES

  • Statement of Operations Statement of Changes in Net Assets.

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

  • 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.

  • 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.

  • 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.

  • Maintenance of Operations The Company shall maintain operations at the Project for a minimum of ten (10) years beginning on the date the Project is Placed in Service. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including: 1. Pursuant to the Corporate Accountability for Tax Expenditures Act, 20 ILCS 715, et seq., a discontinuance of operations at the Project during the five-year period after the beginning of the first Taxable Year for which the Department issues a Certificate of Verification shall result in all Credits taken by the Company during such five-year period being deemed Wrongfully Exempted Illinois State Income Taxes and shall subject said Wrongfully Exempted Illinois State Income Taxes to the forfeiture provisions of Section VIII.D hereof. 2. Pursuant to Section 5-65 of the Act, discontinuance by the Company of operations at the Project during the term of this Agreement with the intent to terminate operations in the State of Illinois shall result in all Credits taken by the Company being deemed Wrongfully Exempted Illinois State Income Taxes and shall subject said Wrongfully Exempted Illinois State Income Taxes to the forfeiture provisions of Section VIII.D hereof.

  • List of Operator’s Subprocessors [Box 26] [Box 27] [Box 28] [Box 29]

  • 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.

  • Financial Planning Services The Executive shall receive financial planning services, on an in-kind basis, for a period of eighteen (18) months following the Date of Termination. Such financial planning services shall include expert financial and legal resources to assist the Executive with financial planning needs and shall be limited to (i) current investment portfolio management, (ii) tax planning, (iii) tax return preparation, and (iv) estate planning advice and document preparation (including xxxxx and trusts); provided, however, that the Company shall provide such financial planning services during any taxable year of the Executive only to the extent the cost to the Company for such taxable year does not exceed $25,000. The Company shall provide such financial planning services through a financial planner selected by the Company, and shall pay the fees for such financial planning services. The financial planning services provided during any taxable year of the Executive shall not affect the financial planning services provided in any other taxable year of the Executive. The Executive’s right to financial planning services shall not be subject to liquidation or exchange for any other benefit. Such financial planning services shall be provided in a manner that complies with Treasury Regulation Section 1.409A-3(i)(1)(iv).

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