Facility Closing Sample Clauses
The Facility Closing clause defines the terms and conditions under which a financial facility, such as a loan or credit line, is formally finalized and made available to the borrower. It typically outlines the required documentation, approvals, and procedural steps that must be completed before funds are disbursed, such as the execution of agreements, delivery of legal opinions, and satisfaction of pre-closing conditions. This clause ensures that all parties meet their obligations and that the transaction is legally and operationally ready to proceed, thereby reducing the risk of disputes or delays at the time of closing.
Facility Closing. Employees with ten (10) or more years of seniority, and facing displacement as a result of a facility closing shall be transferred to existing facilities of their choice, where vacancies exist, prior to consideration of other applicants
Facility Closing. If the State closes a mental health or correctional facility, contractual layoff language shall apply. The resources of the Bureau of Human Resources, the Department of Labor, and other departments may be used to help the affected employees(s) secure employment inside or outside of State government.
Facility Closing. Employees facing displacement as a result of a facility closing shall be transferred to existing facilities of their choice, where vacancies exist, prior to consideration of other applicants.
Facility Closing. The parties agree to discuss facility closing language through Labor Management with recommendations presented to the parties by October 31, 2013. Any agreement on proposed language must be signed by the parties through the Office of Employee Relations and will require a vote of the AFSCME membership prior to becoming effective.
Facility Closing. If a situation necessitates the closing of a school by the Northampton School District and the attendant displacement of a custodian, the affected custodian shall if he/she has greater seniority, have the opportunity to displace the custodian with the least seniority on his/her shift. The District shall then have the prerogative to assign such least senior custodian to a night position.
Facility Closing. Facility closings ordered or authorized in accordance with Policy No. 2001-02 due to severe weather or other emergency will not result in the loss of pay for any employee. Those employees required to work shall receive compensatory time for such work.
Facility Closing. Seller has or will prior to Closing, comply with all obligations regarding Facility closings and/or work force terminations, including but not limited to WARN Act notices and requirements under the WARN Act, if necessary.
Facility Closing. Subject to its abilities to meet its obligations hereunder, C&S in its sole discretion may close any and all current Facilities.
Facility Closing. Not later than 11:30 A.M. (New York City time) on the Closing Day for any Accepted Notes, the Company will deliver to each Purchaser listed in the Confirmation of Acceptance relating thereto at the offices of King & Spalding LLP, 1▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, the Accepted Notes to be purchased by such Purchaser in the form of one or more Shelf Notes in authorized denominations as such Purchaser may request for each Series of Accepted Notes to be purchased on the Closing Day, dated the Closing Day and registered in such Purchaser’s name (or in the name of its nominee), against payment of the purchase price thereof by transfer of immediately available funds for credit to the Company’s account specified in the Request for Purchase of such Shelf Notes. If the Company fails to tender to any Purchaser the Accepted Notes to be purchased by such Purchaser on the scheduled Closing Day for such Accepted Notes as provided above in this paragraph 2B(7), or any of the conditions specified in paragraph 3 shall not have been fulfilled by the time required on such scheduled Closing Day, the Company shall, prior to 1:00 P.M., New York City time, on such scheduled Closing Day notify Prudential (which notification shall be deemed received by each Purchaser) in writing whether (i) such closing is to be rescheduled (such rescheduled date to be a Business Day during the Issuance Period not less than one Business Day and not more than 10 Business Days after such scheduled Closing Day (the “Rescheduled Closing Day”)) and certify to Prudential (which certification shall be for the benefit of each Purchaser) that the Company reasonably believes that it will be able to comply with the conditions set forth in paragraph 3 on such Rescheduled Closing Day and that the Company will pay the Delayed Delivery Fee in accordance with paragraph 2B(8)(ii) or (ii) such closing is to be canceled. In the event that the Company shall fail to give such notice referred to in the preceding sentence, Prudential (on behalf of each Purchaser) may at its election, at any time after 1:00 P.M., New York City time, on such scheduled Closing Day, notify the Company in writing that such closing is to be canceled. Notwithstanding anything to the contrary appearing in this Agreement, the Company may elect to reschedule a closing with respect to any given Accepted Notes on not more than one occasion, unless Prudential shall have otherwise consented in writing.
Facility Closing. Not later than 11:30 A.M. (New York City local time) on the Closing Day for any Accepted Notes, the Company will deliver to each Purchaser listed in the Confirmation of Acceptance relating thereto at the offices of King & Spalding LLP, ▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ or at such other place pursuant to the directions of Prudential, the Accepted Notes to be purchased by such Purchaser in the form of one or more Notes in authorized denominations as such Purchaser may request for each Series of Accepted Notes to be purchased on the Closing Day, dated the Closing Day and registered in such Purchaser’s name (or in the name of its nominee), against payment of the purchase price thereof by transfer of immediately available funds in the Applicable Currency for such Notes for credit to the Company’s account specified in the Request for Purchase of such Notes. The Initial Closing and each Shelf Closing are referred to as a “Closing”.