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. 5.1 In the event that the City is operating the Stonebridge Golf Course as a golf course or for the purposes of open space/green space, and the City determines that it is no longer prepared to operate the land for either purpose, it shall provide two year’s written notice to the SCA.
5.2 The SCA shall advise the City in writing within one year of the receipt of the notice pursuant to clause 5.1 as to whether it is prepared to operate the Stonebridge Golf Course, by itself or through a nominee corporation, as set forth is subclause 3.2(c), as a golf course or as open space/green space.
5.3 Should the SCA advise that it is willing to operate the Stonebridge Golf Course as a golf course or as open space/green space, then at the conclusion of the two year notice period in clause 5.1, or at such earlier date as is agreed between the City and the SCA, the Stonebridge Golf Course shall be conveyed to the SCA or nominee corporation as the case may be.
5.4 The purchase price for the conveyance in clause 5.3 shall be one dollar.
5.5 Should the SCA advise that it is not willing to operate the Stonebridge Golf Course as a golf course or as open space/green space, then the provisions of the Tripartite Agreement shall apply.
5.6 Should the SCA or nominee corporation have received a conveyance of the Stonebridge Golf Course pursuant to clause 5.3 the City having given notice pursuant to 5.1 at an earlier date, and should the lands no longer be operated as a Golf Course nor as Open Space/Green Space, the provisions of the Tripartite Agreement shall apply.
5.7 In the case of 5.6 applying, 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 and these funds shall be placed in the Stonebridge Levy Reserve and used for: a) the purchase of additional Open Space / Green Space as per clause 3.7 d) of the Tripartite Agreement and/or 2) projects within the Stonebridge Community.
5.8 The City agrees that it will not transfer, sell or lease the land to any party other than the SCA, the nominee corporation or Mattamy, as per the requirements of the Tripartite Agreement.
Future Operation. The Borrower through MOWRAM 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. The Borrower through MOWRAM shall also provide adequate resources for the operation of the NFFC.
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.
Future Operation. The Relations 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. 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. 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.
