FLEXIBILITY COMMITMENT. ‌ (a) The parties to this agreement are committed to promoting flexibility in the workplace, increasing efficiency and removing existing areas of demarcation. It is an expectation of both parties that these commitments be undertaken in the safest possible way, protecting both employees and Fonterra and ensuring that the law is complied with. While achieving these objectives, deskilling will not be promoted as part of this Agreement. (b) In meeting the above commitments the parties agree on a number of key principles: a) Provide a supportive and rewarding work environment and training; b) Provide opportunities for feedback and development; c) Provide a safe workplace; d) Support and encourage actions and behaviours that are consistent with Fonterra’s values and principles (a copy of which is attached at Appendix A); and e) Ensure that where an employee is required to undertake duties or use tools and equipment that these duties are within the limits of the employees’ skills, competence and training. a) Act in ways that are consistent with Fonterra’s Values and Principles; b) Commit to work with Fonterra on continuous improvement processes and to actively look for ways to enable to become more efficient and flexible; c) Work safely and look out for the safety of others; d) Remove demarcation within areas of work covered by the classifications appearing in this agreement. That is, there are no restrictions on multiskilling, relief, assistance, transfer within the warehouse or operation of equipment and plant; e) Follow the operating policies and quality control guidelines set from time to time by Fonterra; f) Work in ways that build on the good reputation and interests of Fonterra, its’ staff and customers; g) That where assistance is required to do a task, that assistance may be provided by any available person who possesses the appropriate skills as agreed in this document, including managers, supervisors, Fonterra employees from other sites or people duly authorised by Fonterra. Provided however, that this provision does not result in the deskilling of employees covered by this agreement, or has any other adverse impact on the wages and conditions of employees covered by this agreement.

FLEXIBILITY COMMITMENT. (a) The parties to this Agreement are committed to promoting flexibility in the workplace and increasing efficiencies. It is an expectation of both parties that these commitments be undertaken in the safest possible way, protecting both employees and ADB and ensuring that the law is complied with. While achieving these objectives, xx-xxxxxxxx will not be promoted as part of this Agreement. (b) In meeting the above commitments the parties agree on a number of key principles: (i) Provide a supportive and rewarding work environment and training; (ii) Provide opportunities for feedback and development; (iii) Provide a safe workplace; (iv) Ensure that where an employee is required to undertake duties or use tools and equipment that these duties are within the limits of the employees’ skills, competence and training. (i) Commit to work with ADB on continuous improvement processes and to actively look for ways to enable to become more efficient and flexible – this includes, but is not limited to, active participation in the Operations Excellence program; (ii) Work safely and look out for the safety of others; (iii) Follow the standard operating procedures and quality control guidelines set from time to time by ADB; (iv) Work in ways that build on the good reputation and interests of ADB, its’ staff and customers; (v) That where assistance is required by the tradesperson to do a task, that assistance may be provided by any available person who possesses the appropriate skills as agreed in this document, including managers, supervisors, ADB employees from other sites or people duly authorised by ADB. Provided however, that this provision does not result in the deskilling of employees covered by this agreement, or has any other adverse impact on the wages and conditions of employees covered by this agreement.

FLEXIBILITY COMMITMENT. (a) The parties to this Agreement are committed to promoting flexibility in the workplace, increasing efficiency and removing existing areas of demarcation. It is an expectation of both parties that these commitments be undertaken in the safest possible way, protecting both employees and Fonterra and ensuring that the law is complied with. While achieving these objectives, xx-xxxxxxxx will not be promoted as part of this Agreement. (b) In meeting the above commitments the parties agree on a number of key principles: i. Provide a supportive and rewarding work environment and training; ii. Provide opportunities for feedback and development; iii. Provide a safe workplace; iv. Support and encourage actions and behaviours that are consistent with Fonterra’s Values and Principles (a copy of which is attached at Appendix A); and v. Ensure that where an employee is required to undertake duties or use tools and equipment that these duties are within the limits of the employees’ skills, competence and training. i. Act in ways that are consistent with Fonterra’s Values and Principles; ii. Commit to work with Fonterra on continuous improvement processes and to actively look for ways to enable to become more efficient and flexible; iii. Work safely and look out for the safety of others; iv. Remove demarcation within areas of work covered by the classifications appearing in this agreement. That is, there are no restrictions on multiskilling, relief, assistance, transfer within the site of equipment and plant; v. Follow the operating policies and quality control guidelines set from time to time by Fonterra; vi. Work in ways that build on the good reputation and interests of Fonterra, its’ staff and customers; vii. That where assistance is required to do a task, that assistance may be provided by any available person who possesses the appropriate skills as agreed in this document, including managers, supervisors, Fonterra employees from other sites or people duly authorised by Fonterra. Provided however, that this provision does not result in the deskilling of employees covered by this agreement, or has any other adverse impact on the wages and conditions of employees covered by this agreement.

Related to FLEXIBILITY COMMITMENT

L/C Commitment (a) Subject to the terms and conditions hereof, the Issuing Lender, in reliance on the agreements of the other Lenders set forth in Section 3.4(a), agrees to issue letters of credit (“Letters of Credit”) for the account of the Borrower on any Business Day during the Revolving Commitment Period in such form as may be approved from time to time by the Issuing Lender; provided that the Issuing Lender shall have no obligation to issue any Letter of Credit if, after giving effect to such issuance, (i) the L/C Obligations would exceed the L/C Commitment or (ii) the aggregate amount of the Available Revolving Commitments would be less than zero. Each Letter of Credit shall (i) be denominated in Dollars and (ii) expire no later than the earlier of (x) the first anniversary of its date of issuance and (y) the date that is five (5) Business Days prior to the Revolving Termination Date, provided that any Letter of Credit with a one-year term may provide for the renewal thereof for additional one-year periods (which shall in no event extend beyond the date referred to in clause (y) above). (b) The Issuing Lender shall not at any time be obligated to issue any Letter of Credit if (i) such issuance would conflict with, or cause the Issuing Lender or any L/C Participant to exceed any limits imposed by, any applicable Requirement of Law or (ii) any Lender is at that time a Defaulting Lender, unless the Issuing Lender has entered into arrangements, including the delivery of Cash Collateral, satisfactory to the Issuing Lender (in its sole discretion) with the Borrower or such Lender to eliminate the Issuing Lender’s actual or potential Fronting Exposure (after giving effect to Section 2.23(a)(iv)) with respect to the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all other L/C Obligations as to which the Issuing Lender has actual or potential Fronting Exposure, as it may elect in its sole discretion.
Equity Commitment (a) This letter agreement confirms the commitment of each Sponsor, severally and not jointly, subject to the terms and conditions set forth herein, simultaneous with the closing of the Merger (the “Closing”), to purchase, or to cause the purchase of, at or immediately prior to the Effective Time, equity interests of Parent (or one or more affiliates of Parent organized to consummate the Merger) at a purchase price equal to the Per Share Merger Consideration and to pay, or cause to be paid, to Parent in immediately available funds at or prior to the Closing an aggregate cash purchase price for such purchase equal to the amount set forth opposite such Sponsor’s name on Schedule A hereto (such amount with respect to each Sponsor, subject to adjustment pursuant to Section 1(b) below, is referred to as such Sponsor’s “Equity Commitment”), which will be used by Parent solely for the purpose of funding the aggregate Merger consideration required to be paid by Parent to consummate the Merger, and all other amounts constituting the Exchange Fund pursuant to, and in accordance with, the Merger Agreement, together with related fees and expenses; provided that (i) no Sponsor shall, under any circumstances, be obligated to contribute more than its Equity Commitment to Parent, and the Sponsors, collectively, shall not, under any circumstances, be obligated to contribute more than US$79,500,000 (the “Aggregate Commitment”) to Parent; and (ii) the liability of each Sponsor hereunder shall not exceed its Equity Commitment, and the liability of the Sponsors, collectively, shall not exceed the Aggregate Commitment. (b) Each Sponsor may effect the funding of its Equity Commitment directly or indirectly through one or more Affiliates of such Sponsor or any other investment fund advised, managed and/or appointed by an Affiliate of such Sponsor or any other private equity fund who is a limited partner of such Sponsor or of an Affiliate of such Sponsor. No Sponsor will be under any obligation under any circumstances to contribute more than the amount of its Equity Commitment to Parent, Merger Sub or any other Person. In the event Parent does not require an amount equal to the Aggregate Commitment in order to consummate the Merger, the amount of each Sponsor’s Equity Commitment to be funded under this letter agreement shall be reduced by Parent on a pro rata basis, to the level sufficient for, in combination with any other financing arrangements that may be contemplated by the Merger Agreement, Parent and Merger Sub to consummate the transactions contemplated by the Merger Agreement and pay all related fees and expenses incurred or required to be paid by Parent or Merger Sub under the Merger Agreement.
STAFF COMMITMENT If this Settlement Agreement is accepted by the Hearing Panel, Staff will not initiate any proceeding under the By-laws of the MFDA against the Respondent in respect of the facts set out in Part IV and the contraventions described in Part V of this Settlement Agreement, subject to the provisions of Part IX below. Nothing in this Settlement Agreement precludes Staff from investigating or initiating proceedings in respect of any facts and contraventions that are not set out in Parts IV and V of this Settlement Agreement or in respect of conduct that occurred outside the specified date ranges of the facts and contraventions set out in Parts IV and V, whether known or unknown at the time of settlement. Furthermore, nothing in this Settlement Agreement shall relieve the Respondent from fulfilling any continuing regulatory obligations.
Service Commitment Newly hired nurses and currently employed nurses who voluntarily choose to relocate and receive a relocation allowance may be required to serve for a minimum of two years at their base before they will be considered for transfer to another base. This commitment will not apply when the employer and nurse mutually agree to waive it and when relocation occurs as a result of layoff/rehire.
The Commitment Subject to the terms and conditions of this Agreement, Lender agrees to make term loans to Borrower from time to time from the Closing Date and to, but not including, the Termination Date in an aggregate principal amount not exceeding the Commitment. The Commitment is not a revolving credit commitment, and Borrower does not have the right to repay and reborrow hereunder. Each Loan requested by Borrower to be made on a single Business Day shall be for a minimum principal amount set forth in the Supplement, except to the extent the remaining Commitment is a lesser amount.
DVBE Commitment This section is applicable if Contractor received a disabled veteran business enterprise (“DVBE”) incentive in connection with this Agreement. Contractor’s failure to meet the DVBE commitment set forth in its bid or proposal constitutes a breach of the Agreement. If Contractor used DVBE subcontractor(s) in connection with this Agreement: (i) Contractor must use the DVBE subcontractors identified in its bid or proposal, unless the JBE approves in writing replacement by another DVBE subcontractor in accordance with the terms of this Agreement; and (ii) Contractor must complete and return to the JBE a post-contract certification form promptly upon completion of the awarded contract, and by no later than the date of submission of Contractor’s final invoice to the JBE. (The post-contract certification form is located at: xxxxx://xxx.xxxxxx.xx.xxx/documents/JBCM-Post- Contract-Certification-Form.docx) If the Contractor fails to do so, the JBE will withhold $10,000 from the final payment, or withhold the full payment if it is less than $10,000, until the Contractor submits a complete and accurate post-contract certification form. The JBE shall allow the Contractor to cure the deficiency after written notice of the Contractor’s failure to complete and submit an accurate post- contract certification form. Notwithstanding the foregoing and any other law, if after at least 15 calendar days, but no more than 30 calendar days, from the date of the written notice the Contractor refuses to comply with these certification requirements, the JBE shall permanently deduct $10,000 from the final payment, or the full payment if less than $10,000. The post-contract certification form shall include: (1) the total amount of money Contractor received under the Agreement, (2) the total amount of money and the percentage of work that Contractor committed to provide to each DVBE subcontractor; (3) the name and address of each DVBE subcontractor to which Contractor subcontracted work in connection with the Agreement; (4) the amount of money each DVBE subcontractor actually received from Contractor in connection with the Agreement, and the corresponding percentage this payment comprises of the total amount of money Contractor received under the Agreement; and (5) that all payments under the Agreement have been made to the applicable DVBE subcontractors. Upon request by the JBE, Contractor shall provide proof of payment for the work. A person or entity that knowingly provides false information shall be subject to a civil penalty for each violation. Contractor will comply with all rules, regulations, ordinances and statutes that govern the DVBE program, including, without limitation, Military and Veterans Code section 999.5.
Reduction of Total Commitment The Borrower shall have the right at ----------------------------- any time and from time to time upon five (5) Business Days prior written notice to the Agent to reduce by $2,500,000 or an integral multiple of $500,000 in excess thereof or terminate entirely the Total Commitment, whereupon the Commitments of the Banks shall be reduced pro rata in accordance with their --- ---- respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this (S)2.3, the Agent will notify the Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Agent for the respective accounts of the Banks the full amount of any commitment fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.
Revolving Commitments (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time on any Business Day during the Commitment Period, at such times as the Borrower may request in accordance with Section 2.2, in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Applicable Percentage of the aggregate principal amount of Swingline Loans then outstanding, does not exceed the amount of such Lender’s Commitment; provided, however, that (i) no Revolving Loan shall be made to the extent the aggregate unpaid principal amount of all Loans would exceed the Total Commitments, (ii) no Borrowing Base A Loans shall be made to the extent that the aggregate unpaid principal amount of all Borrowing Base A Loans would exceed the aggregate Loan Value of the Pledged Eligible Assets (including the Pledged Eligible Assets referred to in Section 2.2(a)(ii) with respect to such Revolving Loan) and (iii) no Borrowing Base B Loans shall be made to the extent that the aggregate amount of all Borrowing Base B Loans would exceed the Borrowing Base B Limit; provided further that Borrowing Base B Loans may not be borrowed on any date in any rolling period of 90 consecutive days if Borrowing Base B Loans have already been outstanding for 30 days during such period. During the Commitment Period, the Borrower may borrow, prepay the Revolving Loans in whole or in part, and reborrow, all in accordance with the terms and conditions hereof. (b) The Borrower shall repay all outstanding Revolving Loans on the Termination Date. (c) The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.
Total Commitment The sum of the Commitments of the Banks, as in effect from time to time.
Loan Commitment Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Company herein set forth, the Lender hereby agrees to lend to the Company on the Closing Date and thereafter up to $16,000,000 in the aggregate (the "Loan") consisting of $8,000,000 of 7-year Tranche advances and $8,000,000 of 10-year Tranche advances. The Lender's commitment to make the Loan to the Company pursuant to this Section 2.1 is herein called the "Loan Commitment."

FLEXIBILITY COMMITMENT Sample Clauses

Filter & Search

Related Clauses

Related to FLEXIBILITY COMMITMENT