INSURANCE DURING COOPERATION PERIOD Sample Clauses

INSURANCE DURING COOPERATION PERIOD. During the Cooperation Period, HOPEWELL shall at its own expense keep the Power Station insured against accidental damage from all normal risks and to level normal for prudent operators of facilities similar to the Power Station. In addition, HOPEWELL shall secure adequate insurance cover for its employees as may be required by law.
Sample 1
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INSURANCE DURING COOPERATION PERIOD. During the Cooperation Period, NAANOVO shall at its own expense keep the WTE plant insured against accidental damage from all normal risks and to level normal for prudent operators of plants similar to the WTE plant. In addition, NAANOVO shall secure adequate insurance coverage for its employees as may be required by law. ELEVENTH SCHEDULE (If Necessary) FORM OF PERFORMANCE UNDERTAKING (All blanks to be filled as soon as possible after execution of this Agreement.)
Sample 1
INSURANCE DURING COOPERATION PERIOD. During the period commencing on the first day of the Cooperation Period in respect of Unit I and ending on the Transfer Date, HOPEWELL shall at its own expense keep the Power Station insured against accidental damage from all normal risks and to a level normal for prudent operators of facilities similar to the Power Station. In addition, HOPEWELL shall secure adequate insurance cover for its employees as may be required by law.
Sample 1
INSURANCE DURING COOPERATION PERIOD. During the Cooperation Period, NAANOVO shall at its own expense keep the WTE plant insured against accidental damage from all normal risks and to level normal for prudent operators of plants similar to the WTE plant. In addition, NAANOVO shall secure adequate insurance coverage for its employees as may be required by law. ELEVENTH SCHEDULE (If Necessary) FORM OF PERFORMANCE UNDERTAKING (All blanks to be filled as soon as possible after execution of this Agreement.) To: NAANOVO ENERGY INC. ("NAANOVO") and NAANOVO MEXICO WTE S.A. (NAANOVO MEXICO) and, together with NAANOVO, the "Beneficiaries" which expression includes each Beneficiary) Dear Sirs, We refer to the arrangements for NAANOVO to build plants to be built in the Republic of Mexico recorded in a project agreement dated April 2, 2005 and made between INTERNATIONAL POWER, INC. ("INTERNATIONAL POWER") (which is wholly-owned by us) and NAANOVO and an accession undertaking dated ___________________, whereby NAANOVO MEXICO WTE S.A. was joined as a party to the project agreement (the project agreement, as supplemented by the accession undertaking and as further supplemented and amended from time to time, the "Agreement"). We are fully aware of the terms and conditions of the Agreement. In order to facilitate these arrangements we hereby confirm that the obligations of INTERNATIONAL POWER under the Agreement carry the full faith and credit of this company and we will see to it that INTERNATIONAL POWER will be able to discharge, at all times, such obligations as they fall due. Such obligations are hereby affirmed and guaranteed by us. Any dispute, controversy or claim arising out of or relating to this undertaking, or the breach or termination thereof or the failure to pay or the late payment of any sum due shall be settled by Arbitration in Florida in accordance with the Florida Arbitration Rules in force at the date of this undertaking. The appointing authority shall be the presiding Judge of a Dade County Court, Florida, the number of arbitrators shall be three and the language to be used in the arbitral proceeding shall be English. The parties exclude any right of application or appeal to any courts in connection with any question of law arising in the course of arbitration or with respect to any award made. We wave for ourselves and our assets and revenues to the extent permitted by applicable law any and all immunity from suit, execution or other legal process. Yours faithfully, Per: Xxxxx X. Xxxxxxx _...
Sample 1
INSURANCE DURING COOPERATION PERIOD. 46 12.4 APPROVAL BY PNOC-EDC....................................................46 12.5
Sample 1
INSURANCE DURING COOPERATION PERIOD. From the completion of the Power Plant, the Operator, at its own expense, shall keep the Power Plant insured against accidental damage from all normal risks and to a level normal for prudent operators of facilities similar to the Power Plant. In addition, the Operator shall secure adequate insurance cover for its employees as may be required by law. The insurance coverages that the Operator shall secure and maintain should at least include an All-Risks Insurance (All Natural Perils including Fire), and Comprehensive General Liability and a Machinery Breakdown Coverage during the last year of the Cooperation Period.
Sample 1
INSURANCE DURING COOPERATION PERIOD. During the period commencing on the Unit Completion Date in respect of Unit 1 and ending on the Transfer Date, CEPA shall at its own expense keep the Power Station insured against accidental damage from all normal risks and to a level normal for prudent operators of facilities similar to the Power Station. In addition, CEPA shall secure adequate insurance cover for its employees as may be required by law.
Sample 1
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Related to INSURANCE DURING COOPERATION PERIOD

  • Death During Benefit Period If the Executive dies after the benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Executive's beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

  • Allocations During the Controlled Accumulation Period During the Controlled Accumulation Period (A) an amount equal to the product of (I) the sum of the Class B Principal Percentage and the Collateral Principal Percentage and (II) the Principal Allocation Percentage and (III) the Series 2022-4 Allocation Percentage and (IV) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date, shall be allocated to the Series 2022-4 Certificateholders and retained in the Collection Account until applied as provided herein and (B) an amount equal to the product of (I) the Class A Principal Percentage and (II) the Principal Allocation Percentage and (III) the Series 2022-4 Allocation Percentage and (IV) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date (the product specified in this clause (B) for any such date is hereinafter referred to as a “Percentage Allocation”) shall be allocated to the Series 2022-4 Certificateholders and retained in the Collection Account until applied as provided herein; provided, however, that if the sum of such Percentage Allocation and all preceding Percentage Allocations with respect to the same Monthly Period exceeds the Controlled Deposit Amount during the Controlled Accumulation Period for the related Distribution Date, then such excess shall not be treated as a Percentage Allocation and shall be first, if any other Principal Sharing Series is outstanding and in its amortization period or accumulation period, retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections on the related Distribution Date, and second paid to the Holders of the Transferor Certificates only if the Transferor Amount on such Deposit Date is greater than the Required Transferor Amount (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Special Funding Account.

  • Allocations During the Rapid Amortization Period During the Rapid Amortization Period, the Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, allocate to the Investor Certificateholders and pay or deposit from the Collection Account the following amounts as set forth below:

  • Allocations During Period of Liquidation During the period commencing on the first day of the Fiscal Year during which a Dissolution Event occurs and ending on the date on which all of the assets of the Company have been distributed to the Unit Holders pursuant to Section 10.2 of this Agreement (the “Liquidation Period”), the Unit Holders shall continue to share Profits, Losses, gain, loss and other items of Company income, gain, loss or deduction in the manner provided in Article III of this Agreement.

  • Sales During Pre-Settlement Period Notwithstanding anything herein to the contrary, if at any time on or after the time of execution of this Agreement by the Company and an applicable Purchaser, through, and including the time immediately prior to the Closing (the “Pre-Settlement Period”), such Purchaser sells to any Person all, or any portion, of any shares of Common Stock to be issued hereunder to such Purchaser at the Closing (collectively, the “Pre-Settlement Shares”), such Purchaser shall, automatically hereunder (without any additional required actions by such Purchaser or the Company), be deemed to be unconditionally bound to purchase, and the Company shall be deemed unconditionally bound to sell, such Pre-Settlement Shares to such Purchaser at the Closing; provided, that the Company shall not be required to deliver any Pre-Settlement Shares to such Purchaser prior to the Company’s receipt of the purchase price of such Pre-Settlement Shares hereunder; and provided further that the Company hereby acknowledges and agrees that the forgoing shall not constitute a representation or covenant by such Purchaser as to whether or not during the Pre-Settlement Period such Purchaser shall sell any shares of Common Stock to any Person and that any such decision to sell any shares of Common Stock by such Purchaser shall solely be made at the time such Purchaser elects to effect any such sale, if any.

  • Allocations During the Early Amortization Period During the Early Amortization Period, an amount equal to the product of (A) the Principal Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date, shall be allocated to the Series 1997-1 Certificateholders and retained in the Collection Account until applied as provided herein; provided, however, that after the date on which an amount of such Collections equal to the Adjusted Invested Amount has been deposited into the Collection Account and allocated to the Series 1997-1 Certificateholders, such amount shall be first, if any other Principal Sharing Series is outstanding and in its amortization period or accumulation period, retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections on the related Distribution Date, and second paid to the Holders of the Transferor Certificates only if the Transferor Amount on such date is greater than the Required Transferor Amount (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Special Funding Account.

  • Authority and Power During Employment Period The duties of the Employee shall be subject to the direction of the Company and the Employee shall perform all duties as shall be directed by the Company. The Employee shall devote full attention and render exclusive, full time services to the Company and shall be employed solely by the Company according to the terms of this Agreement. Employee's job title is subject to change by the Board of Directors.

  • Termination Period This Option shall be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to Participant’s death or Disability, in which case this Option shall be exercisable for twelve (12) months after Participant ceases to be a Service Provider. Notwithstanding the foregoing sentence, in no event may this Option be exercised after the Term/Expiration Date as provided above and this Option may be subject to earlier termination as provided in Section 13 of the Plan.

  • Death During Employment If the Executive dies during the term of employment and has not attained the age of seventy years, the Corporation and/or any third party insurance provided by the Corporation, through a coordination of benefits, shall pay the estate of the Executive a death benefit equal to two times the Executive's annual salary. In the event the Executive receives death benefits payable under any group life insurance policy issued to the Corporation, the Corporation's liability under this clause will be reduced by the amount of the death benefit paid under such policy. The Corporation shall pay any remaining death benefits to the estate of the Executive over the course of twelve (12) months in the same manner and under the same terms as the Executive would have been paid if he had still been working for the Corporation. No later than one (1) month from the date of death, the estate of the Executive will also be paid any accumulated vacation pay. Such payments pursuant to this paragraph shall constitute the full compensation of said Executive and he and his estate shall have no further claim for compensation by reason of his employment by the Corporation.

  • Death During Active Service If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 2.

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