Future Operation. The Labour/Management Relations Committee shall monitor the operation of this clause and may, from time to time, recommend appropriate procedural/structural changes to the Parties.
Future Operation. Any school administrative unit, at the termination of the agreement with the private party pursuant to this section, may acquire, operate and maintain the improvement, may renew the agreement with the private party or may make an agreement with another private party to operate and maintain the improvement.
Future Operation. Any school administrative unit, at the termination of the agreement with the private party pursuant to this section, may acquire, operate and maintain the improvement, may renew the agreement with the private party or may make an agreement with another private party to operate and maintain the improvement. [PL 1987, c. 402, Pt. A, §134 (RPR).] SECTION HISTORY PL 1985, c. 621, §1 (NEW). PL 1985, c. 797, §62 (NEW). PL 1987, c. 402, §A134 (RPR). PL 2001, c. 376, §1 (AMD). PL 2005, c. 499, §1 (AMD). PL 2011, c. 279, §§1, 2 (AMD). PL 2019, c. 385, §1 (AMD). The State of Maine claims a copyright in its codified statutes. If you intend to republish this material, we require that you include the following disclaimer in your publication: The Office of the Revisor of Statutes also requests that you send us one copy of any statutory publication you may produce. Our goal is not to restrict publishing activity, but to keep track of who is publishing what, to identify any needless duplication and to preserve the State's copyright rights.
Future Operation. 4.1 Should the SCA or nominee corporation, having taken responsibility for operation of the Stonebridge Golf Course pursuant to section 3 above, determine that it no longer desires to operate the Stonebridge Golf Course, it shall provide one year’s written notice to the City.
4.2 Within 63 days (nine weeks) of the notice being received by the City pursuant to clause 4.1, the City shall advise in writing whether it is prepared to operate the Stonebridge Golf Course or take carriage of the lands as Open Space/Green Space.
4.3 Should the City advise in writing that it is prepared to operate the Stonebridge Golf Course or take carriage of the lands as Open Space/Green Space then, at the conclusion of the one year notice period:
(a) If the Stonebridge Golf Course is not owned by the City, it shall be conveyed to the City at the end of the notice period for one dollar. No payments of any kind on account of adjustments shall be due from the City; or
(b) If the Stonebridge Golf Course is under lease from the City, the lease shall terminate at the end of the notice period with no payment of any kind due from the City.
4.4 In the event that the City is prepared to operate the Stonebridge Golf Course for the purposes of Open Space / Green Space, the City will maintain the land as passive green space, providing a minimal level of servicing to include the mowing of a small corridor on either side of the existing golf cart path, and perform any other maintenance that it deems necessary;
4.5 Should the City advise in writing that it is not prepared to operate the Stonebridge Golf Course as a golf course or take carriage of the lands as Open Space/Green Space, then the SCA or nominee corporation:
(a) May continue to operate the Stonebridge Golf Course as a golf course or as open space/green space; or
(b) The provisions of the Tripartite agreement apply. Any funds received from Mattamy for a conveyance of the Stonebridge Golf Course shall be directed by whomever is the owner of the land, be it the SCA or a nominee corporation, to be paid to the City.
4.6 Should the City provide the Notice outlined in clause 4.1 above, the City will maintain, manage and operate the stormwater pond system on the Stonebridge Golf Course Land.
Future Operation. The Committee shall monitor the operation of this clause and may, from time to time, recommend appropriate changes to the Parties.
Future Operation. 3.1 The SCA shall advise the City in writing by November 1, 2028 if the SCA desires to operate the Stonebridge Golf Course as a golf course.
3.2 The operation of the Stonebridge Golf Course may be performed by the SCA by any one of the following methods, and the method may be selected by the SCA at its sole discretion:
(a) Purchase of the Stonebridge Golf Course by the SCA and direct operation of the Stonebridge Golf Course by the SCA or by a third party service provider;
(b) Leasing of the Stonebridge Golf Course to the SCA and direct operation of the Stonebridge Golf Course by the SCA or by a third party service provider;
(c) Purchase of the Stonebridge Golf Course by a nominee, non-profit corporation incorporated by the SCA (“nominee corporation”) and direct operation of the Stonebridge Golf Course by such nominee corporation or by a third party service provider; or
(d) Leasing of the Stonebridge Golf Course to a nominee corporation and direct operation of the Stonebridge Golf Course by such nominee corporation or by a third party service provider.
3.3 (1) Provided that the notice required by section 3.1 has been given by the SCA to the City, the City agrees that the conveyance or lease selected by the SCA shall commence immediately after the conveyance of the Stonebridge Golf Course by Mattamy to the City.
Future Operation. For a period of two (2) years following the ---------------- Closing Date, Buyer shall use best efforts to operate the Purchased Business as a commercially viable enterprise, and Buyer shall not assign, transfer or sell the Purchased Business without the prior written consent of Seller, which consent Seller shall have the right to withhold if such transaction would have a Material Adverse Effect on the Additional Purchase Price, provided however, that such consent shall not be necessary if the Purchased Business is sold by Buyer as part of a transaction in which Buyer is selling all or substantially all of Buyer's assets to an entity that is not an Affiliate of Buyer or if Buyer is acquired by an entity that is not an Affiliate of Buyer.
Future Operation. Neither Seller nor the Shareholders has any information, and is not aware of any facts, not equally known or disclosed by Seller or Shareholders to Buyer, which would or could adversely affect the future operation of the Business.
Future Operation. The Beneficiary through MAF, the IAs and relevant provincial administrations shall make the necessary budgeting and operational arrangements in consultation with ADB to manage operations of the hydraulic structures developed under the Project. In addition, the Beneficiary shall ensure that adequate resources are allocated and maintenance work done on the hydraulic structures and flood embankment constructed and upgraded under the Project to ensure their sustainability. The Beneficiary through DMH shall also provide adequate resources for the operation of the NEWC to be established under the Project.
Future Operation. The Borrower through MARD and relevant provincial administrations shall make the necessary budgeting and operational arrangements acceptable to ADB to manage operations of the hydraulic structures developed under the Project. In addition, the Borrower shall ensure that adequate resources are allocated and maintenance work done on the hydraulic structures and flood embankment constructed and upgraded under the Project to ensure their sustainability.
