Further on IT/IS Sample Clauses

Further on IT/IS. As a part of the Merger, the shares in Hydro IS Partner AS (“BISP”) are transferred to the Merged Company. The rights and obligations of BISP, including those related to employees and pensions together with existing contractual relations, will as a main rule remain unchanged after the transfer. BISP shall continue as Hydro’s IT/IS-supplier after the Merger based on the existing (with any adjustments made) frame -, delivery- and project agreements between BISP and Hydro’s other activities. These agreements, together with the regulation below, regulates in more detail the delivery obligations, the right to termination and the possibility to re-allocate resources to Hydro after the transfer. Immediately after the Effective Date, the Parties shall establish a committee related to IT/IS-activities, consisting of representatives from Hydro and Statoil. The committee shall consider how the IT/IS-activities in the Merged Company and Hydro shall be planned and executed in an appropriate manner after the Merger, and shall also take into consideration the IT/IS-requirements related to Hydro’s other activities. After the Merger the committee shall consist of representatives from the Merged Company and Hydro’s other activities. Hydro has the right to acquire at book value hardware, applications, software and other specified assets to be identified by the Parties in connection with the integration process, which currently are owned by BISP but which are critical for Hydro’s other activities.. Such systems and assets will mainly be related to financial activities and systems for production of hydroelectric power and associated trading which are included in Hydro’s other activities. In connection with such transfer of assets and systems, it may also be desirable to transfer employees from BISP to Hydro’s other activities in accordance with the labour legislation. Hydro’s right to acquire said assets according to this paragraph is contingent upon such transfer not having a substantial negative impact for BISP ability to deliver IT/IS-services to the Petroleum Activity. The Parties shall further in connection with the integration process identify which of the external agreements BISP has entered into that shall be transferred to Hydro. Hydro undertakes, for a period of two years from the Implementation, not to recruit employees in BISP without the prior written consent from the Merged Company, except employment based on applications received in connection with public advert...
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Related to Further on IT/IS

  • Further Duties (a) In all matters relating to the performance of this Contract, each Sub-Adviser will act in conformity with the Agreement and Declaration of Trust, By-Laws and Registration Statement of the Trust and with the instructions and directions of the Adviser and the Board and will comply with the requirements of the 1940 Act, the rules, regulations, exemptive orders and no-action positions thereunder, and all other applicable laws and regulations.

  • Further Acts, etc Borrower will, at the cost of Borrower, and without expense to Lender, do, execute, acknowledge and deliver all and every further acts, deeds, conveyances, deeds of trust, mortgages, assignments, security agreements, control agreements, notices of assignments, transfers and assurances as Lender shall, from time to time, reasonably require, for the better assuring, conveying, assigning, transferring, and confirming unto Lender the property and rights hereby mortgaged, deeded, granted, bargained, sold, conveyed, confirmed, pledged, assigned, warranted and transferred or intended now or hereafter so to be, or which Borrower may be or may hereafter become bound to convey or assign to Lender, or for carrying out the intention or facilitating the performance of the terms of this Agreement or for filing, registering or recording the Mortgage, or for complying with all Legal Requirements. Borrower, on demand, will execute and deliver, and in the event it shall fail to so execute and deliver, hereby authorizes Lender to execute in the name of Borrower or without the signature of Borrower to the extent Lender may lawfully do so, one or more financing statements and financing statement amendments to evidence more effectively, perfect and maintain the priority of the security interest of Lender in the Property. Borrower grants to Lender an irrevocable power of attorney coupled with an interest for the purpose of exercising and perfecting any and all rights and remedies available to Lender at law and in equity, including without limitation, such rights and remedies available to Lender pursuant to this Section 17.3.

  • Further Acts and Documents On request of the Indenture Trustee, the Issuer will take action and execute and deliver additional documents reasonably required to perform and carry out the purposes of this Indenture.

  • Further Undertakings The Executive hereby undertakes to the Company that he will not at any time:

  • Further Cooperation The parties agree that they will, at any time and from time to time after the Closing, upon request by the other and without further consideration, do, perform, execute, acknowledge and deliver all such further acts, deeds, assignments, assumptions, transfers, conveyances, powers of attorney, certificates and assurances as may be reasonably required in order to complete the transactions contemplated by this Agreement or to carry out and perform any undertaking made by the parties hereunder.

  • Further Issues The Issuer may from time to time, without the consent of the holders of the Notes, create and issue further notes having the same terms and conditions as the Notes (or in all respects except for the payment of interest accruing prior to the issue date of such further notes or except for the first payment of interest thereon), and such further notes shall be consolidated and form a single series with the Notes. Any further notes forming a single series with the outstanding Notes shall be issued with the benefit of and subject to an agreement supplemental to this Agreement.

  • Further Acts Each party agrees to perform any further acts and execute and deliver any further documents that may be reasonably necessary to carry out the provisions and intent of this Agreement.

  • Further Duties of Sub-Adviser In all matters relating to the performance of this Agreement, the Sub-Adviser shall act in conformity with the Fund's Articles of Incorporation and By-Laws, as each may be amended or supplemented, and currently effective Registration Statement (as defined below) and with the written instructions and directions of the Board and the Investment Adviser, and shall comply with the requirements of the 1940 Act, the Advisers Act, the rules thereunder, and all other applicable federal and state laws and regulations.

  • Further Agreement The Primary Servicer and the Master Servicer each agree to execute and deliver to the other such reasonable and appropriate additional documents, instruments or agreements as may be necessary or appropriate to effectuate the purposes of this Agreement.

  • Further Agreements The Seller and the Servicer each agree to execute and deliver to the other such reasonable and appropriate additional documents, instruments or agreements as may be necessary or appropriate to effectuate the purposes of this Agreement.

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