Financing of Operations Sample Clauses

Financing of Operations. Unless otherwise agreed between the Parties, expenditures arising from Operations in the Operating Territory shall be borne by the Venture Entity.
Sample 1
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Financing of Operations. 11.1 During the Option Period All funding for Operations conducted on the Project during the Option Period, including the obligation to maintain the Project pursuant to Sections 3.9 and 9.2, shall be provided by Osisko. For greater certainty, it is however expressly understood by the Parties, and Xxxxxxx hereby acknowledges, agrees and covenants that Osisko shall not be responsible or liable, under any circumstances, for any repayment of any governmental grant received by Xxxxxxx (or its predecessors in interest to the Project) in connection with the performance of any activities on or in respect of the Project prior to the Effective Date. Correspondingly, Osisko shall be solely responsible and liable for any repayment of any governmental grant received by Osisko and used to fund Expenditures during the Option Period.
Sample 1
Financing of Operations. (a) It is intended that operations of the Project will be financed from the cash flow of the Project. Notwithstanding this intention, should additional cash be required for operations and not be available from institutional lenders on terms deemed reasonable by the Board of Directors, each Shareholder shall provide its Respective Share of such cash on the basis of schedules therefor prepared by the Operator and approved by the Board of Directors and shall receive Shares or Subordinated Debt therefor as shall be determined by the Board of Directors. Any such Shares shall be sold at a price equal to book value as reasonably determined by the Board of Directors, and any such Subordinated Debt shall be sold at a price equal to par. (b) Notwithstanding the foregoing provisions of this Section 4.3, either Shareholder may, by notice to the other Shareholder and the Operator, within 15 days of the receipt of a schedule calling for the provision of cash under this Section 4.3, elect not to provide such cash and to accept possible dilution under the next sentence. If a Shareholder makes such an election, the other Shareholder may elect to provide such cash and to receive Shares therefor (and for the corresponding cash provided with respect to its Respective Share) at a price equal to book value as determined by the Board of Directors.
Sample 1
Financing of Operations. 11.1 Necessary funds for the operation of the Company, not covered by the Company's paid up capital, shall be principally secured under the responsibility of the Company itself. However, if the Company is unable to secure such funds, the shareholders of the Company will cooperate reasonably in attempting to procure such necessary funds by means of increase of capital, direct loan, guarantee of Company obligations (unless prohibited by applicable laws, regulations or other agreements), or otherwise, as the case may be, but shall be responsible for such capital, direct loan, guarantee or other arrangement severally (not jointly), in proportion to their shareholdings of the Company. Notwithstanding the foregoing provisions, neither party hereto shall be required to supply directly, or obligate itself for the payment or guarantee of, such additional funds.
Sample 1
Financing of Operations 
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Related to Financing of Operations

  • Statement of Operations Statement of Changes in Net Assets.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Change of Operations Uniforms To: Members of Local Union 295 Dear Brothers and Sisters: As you know, we have a tentative agreement for the UPS Cartage Services, Inc. Supplemental Agreement. Article 2 of the re-negoti- ated CSI Supplement outlines the National Master UPS Agreement (NMA) Articles that may be applied to your Addendum. You will note that several NMA articles are not applicable. These are sub- jects that are either addressed in the CSI Supplement or are not op- erationally applicable to CSI. Where there are two provisions covering the same subject, one in the Local Addendum and one in the National Master UPS Agree- ment, the following provisions of the National Master UPS Agree- ment shall apply:

  • 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.

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