-- Expense of Operations; Utilities Sample Clauses

-- Expense of Operations; Utilities. Subject to Section 4.1 above, all costs, expenses and liabilities accruing or resulting from the Work performed under this Agreement shall be borne by OWEC, and Independent Contractor shall have no responsibility therefore. OWEC shall, at its sole cost and expense, obtain in its name all utilities necessary for the performance of the Work.
Sample 1
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-- Expense of Operations; Utilities. Except for the responsibility to reclaim the Premises upon the termination of mining activities as set forth in Section 9.8, all costs, expenses and liabilities accruing or resulting from the Work performed under this Agreement shall be borne by Independent Contractor, and AWVMC shall have no responsibility therefor. Independent Contractor shall, at its sole cost and expense, obtain in its name all utilities necessary for the performance of the Work.
Sample 1
-- Expense of Operations; Utilities. All costs, expenses and liabilities accruing or resulting from the Work performed under this Agreement shall be borne by Independent Contractor, and AWVMC shall have no responsibility therefor. Independent Contractor shall, at its sole cost and expense, obtain in its name all utilities necessary for the performance of the Work. The electricity for the underground facilities and the surface facilities are separately metered. With respect to the utilities for the Shop and any other surface facility used by Independent Contractor, the parties shall work together to ensure that the electricity bills are properly divided based on electricity usage.
Sample 1
-- Expense of Operations; Utilities. All costs, expenses and liabilities accruing or resulting from the Work performed under this Agreement shall be borne by Independent Contractor, and AWVMC shall have no responsibility therefor. Independent Contractor shall, at its sole cost and expense, obtain and supply to the Steyxx Xxxe all utilities necessary for the performance of the Work.
Sample 1

Related to -- Expense of Operations; Utilities

  • Statement of Operations d. Statement of Changes in Net Assets.

  • Payment of Operating Expenses Subject to the provisions of Section 6.08(c), Borrower will (i) pay the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including utilities, Repairs and Capital Replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added, and (ii) pay Insurance premiums at least 30 days prior to the expiration date of each policy of Insurance, unless applicable law specifies some lesser period.

  • Maintenance of Operations The Servicer agrees to continue to operate its distribution system to provide service to its customers so long as it is acting as the Servicer under this Agreement.

  • 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.

  • Conduct of Operations The Board of Directors and the General Partner shall use commercially reasonable efforts to conduct the business of the Partnership and its Affiliates in a manner that does not require a holder of Common Units to file a tax return in any jurisdiction with which the holder has no contact other than through ownership of Common Units.

  • Interim Operations (a) The Company covenants and agrees as to itself and its Subsidiaries that, after the date hereof and prior to the Effective Time (unless Parent shall otherwise approve in writing (such approval not to be unreasonably withheld, delayed or conditioned)), and except as otherwise expressly permitted by this Agreement or as required by a Governmental Entity or applicable Laws, the business of it and its Subsidiaries shall be conducted in all material respects in the ordinary course and, to the extent consistent with the foregoing, the Company and its Subsidiaries shall use their respective commercially reasonable efforts to preserve their business organizations substantially intact, maintain satisfactory relationships with Governmental Entities, NERC, PJM, customers and suppliers having significant business dealings with them and keep available the services of their key employees; provided, however, that no action taken by the Company or its Subsidiaries with respect to matters specifically addressed by clauses (i)-(xx) of this Section 6.1(a) shall be deemed a breach of this sentence unless such action would constitute a breach of such other provision. In furtherance of the foregoing, from the date of this Agreement until the Effective Time, except (A) as otherwise expressly permitted by this Agreement, (B) as Parent may approve in writing (such approval not to be unreasonably withheld, delayed or conditioned), (C) as is required by applicable Law or any Governmental Entity or (D) as set forth in Section 6.1(a) of the Company Disclosure Letter, the Company will not and will not permit its Subsidiaries to:

  • 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.

  • Definition of Operating Expenses (a) Subject to the exclusions and provisions hereinafter contained, the term "

  • Duration of Operating Expense Limit The Operating Expense Limit with respect to the Fund shall remain in effect during the term of this Agreement.

  • 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.

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