DHL’s Operating Requirements Sample Clauses

DHL’s Operating Requirements. ABX shall have the right, subject to Section 4.2(e), during the initial five (5) years of the Term to operate on behalf of DHL under this Agreement up to thirteen (13) Boeing 767-200 series freighter aircraft on air routes for which the origin and destination are within the U.S. Service Area, provided, that any other Boeing 767-200 series freighter aircraft that are operated by ABX on behalf of DHL or its Affiliates anywhere in the world will count towards such thirteen (13) aircraft requirement. At any time and from time to time, DHL may contract with third parties for the operation of Boeing 767-200 series freighter aircraft on air routes for which the origin and destination are within the U.S. Service Area that are over and above such thirteen (13) aircraft requirement. DHL may at any time and from time to time, subject to ABX’s exclusivity rights set forth above in this Section 3.7(c), reduce below thirteen (13) the number of Boeing 767-200 series freighter aircraft operated by ABX in the event that it ceases operating or causing to be operated such aircraft on routes for which the origin and destination are within the U.S. Service Area, and may add back any such reduced aircraft at any time. DHL may, in its reasonable discretion, terminate ABX’s exclusivity rights under this Section 3.7(c) upon providing written notice in the event of a strike or other job action or service disruption by the collective bargaining representative for the Flight Crews or the Flight Crews that materially interferes with ABX’s ability to meet its obligations under this Agreement, as determined by DHL in its reasonable discretion. ABX shall defend, indemnify and hold harmless the DHL Indemnified Parties from and against any and all claims by the collective bargaining representative for the Flight Crews arising from DHL’s termination of ABX’s exclusivity rights in accordance with this Section 3.7(c). For the avoidance of doubt, (i) exercise of DHL’s rights under Article XV are permissible under, and shall not be deemed a violation of, this Section 3.7(c); and (ii) this Section 3.7(c) and the exclusivity contemplated herein shall be of no further force or effect upon termination of this Agreement under Section 4.2 hereof. Initials: ABX: DHL: Those portions of this Agreement marked with an [*] have been omitted pursuant to a request for confidential treatment and have been filed separately with the SEC.
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Related to DHL’s Operating Requirements

  • Closing Requirements Subsequent to Closing, each of the parties shall execute and deliver such instruments and documents and take such other actions as may, in the reasonable opinion of counsel for each, be required to complete the transactions under this Agreement. It is contemplated that within ten (10) business days after the date of this Agreement, the following documents shall have been delivered and the following activities shall have taken place, all of which shall be deemed to have occurred contemporaneously at the Closing:

  • Post-Closing Requirements Borrowers shall complete each of the post-closing obligations and/or provide to Agent each of the documents, instruments, agreements and information listed on Schedule 7.4 attached hereto on or before the date set forth for each such item thereon, each of which shall be completed or provided in form and substance satisfactory to Agent.

  • Funding Requirements In addition to the conditions precedent stated elsewhere herein, the Lenders shall not be obligated to make Revolving Loans and the L/C Issuers shall not be obligated to issue Letters of Credit unless:

  • Reporting Requirements The Company, during the period when the Prospectus is required to be delivered under the 1933 Act or the 1934 Act, will file all documents required to be filed with the Commission pursuant to the 1934 Act within the time periods required by the 1934 Act and the 1934 Act Regulations.

  • Listing Requirements The Company shall not be obligated to deliver any certificates representing any shares until all applicable requirements imposed by federal and state securities laws and by any stock exchanges upon which the shares may be listed have been fully met.

  • Licensing Requirements Employee acknowledges that Employer is engaged in a business that is or may be subject to and exists because of privileged licenses issued by governmental authorities in Nevada, Michigan, Mississippi, Illinois, Maryland, Massachusetts, New Jersey, Macau S.A.R., and other jurisdictions in which Employer is engaged in a gaming business or where Employer has applied to (or during the Specified Term may apply to) engage in a gaming business. Employee shall apply for and obtain any license, qualification, clearance or other similar approval which Employer or any regulatory authority which has jurisdiction over Employer requests or requires that Employee obtain.

  • Reporting Requirement As to any defaulted Mortgage Loan, the Servicer must account to, and report in writing to, the Master Servicer as to any Realized Loss (or gain) upon the Liquidation or Deficient Valuation in respect of such Mortgage Loan.

  • Filing Requirements From the date of this Agreement and until the last to occur of (i) all the Conversion Shares have been resold or transferred by the Subscribers pursuant to a registration statement or pursuant to Rule 144(b)(1)(i), or (ii) none of the Notes and Warrants are outstanding (the date of such latest occurrence being the “End Date”), the Company will (A) cause its Common Stock to continue to be registered under Section 12(b) or 12(g) of the 1934 Act, (B) comply in all respects with its reporting and filing obligations under the 1934 Act, (C) voluntarily comply with all reporting requirements that are applicable to an issuer with a class of shares registered pursuant to Section 12(g) of the 1934 Act, if the Company is not subject to such reporting requirements, and (D) comply with all requirements related to any registration statement filed pursuant to this Agreement. The Company will use its commercially reasonable best efforts not to take any action or file any document (whether or not permitted by the 1933 Act or the 1934 Act or the rules thereunder) to terminate or suspend such registration or to terminate or suspend its reporting and filing obligations under said acts until the End Date. Until the End Date, the Company will continue the listing or quotation of the Common Stock on a Principal Market and will comply in all respects with the Company’s reporting, filing and other obligations under the bylaws or rules of the Principal Market. The Company agrees to timely file a Form D with respect to the Securities if required under Regulation D and to provide a copy thereof to each Subscriber promptly after such filing.

  • Financial Reporting Requirements The Borrower will:

  • Vesting Requirements The vesting of this Award (other than pursuant to accelerated vesting in certain circumstances as provided in Section 3 below or vesting pursuant to Section 6 below) shall be subject to the satisfaction of the conditions set forth in each of subsections A and B, as applicable, and, in each case, subsection C of this Section 2:

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