Integrated Operations Clause Samples
The Integrated Operations clause defines how the parties will coordinate and manage joint activities or shared operations under the agreement. Typically, it outlines the procedures for collaboration, decision-making, and resource sharing, such as establishing joint committees or shared use of facilities and personnel. This clause ensures that both parties work together efficiently, minimizing duplication of effort and clarifying responsibilities, thereby promoting seamless and effective joint operations.
Integrated Operations. The Enterprise shall also own and operate certain primary aluminum smelting facilities that existed as of the formation of the Enterprise and are run as part of an integrated operation at certain of the locations included within the Enterprise. The Enterprise will engage in any necessary or ancillary activity that the majority of the Members of the Strategic Council determine may be carried on with the above described activities. These operations and any future expansions thereof will be included within the Scope of the Enterprise at existing Enterprise locations only. The Enterprise shall also be responsible for selling aluminum to ACOA or its Affiliates at arm’s length prices as well as to third parties.
Integrated Operations. The Borrowers operate as an integrated entity and share business operations, functions and services, including sales, marketing, finance, accounting, management, quality control and shipping. Likewise, the Borrowers historically have managed all cash on a divisional basis and presently handle all receipts and disbursements on a divisional basis and it is not practicable for Borrowers to manage cash on an individual Borrower basis. As a result of the foregoing, each Borrower will benefit in a direct and substantial way from Loans and advances made by Lender to the Borrowers together and, but for Lender making Loans to the other Borrower and such other Borrower being able to provide business services to the other Borrower, each Borrower’s business operations would be materially and negatively impacted.
Integrated Operations. Schedule 2.02(c) sets forth a list of the significant Integrated Operations at the Enterprise Company locations, as more particularly described in Section 5(c) of the Restated Charter.
Integrated Operations. The Credit Parties are engaged as an integrated group engaged in the machining, design and manufacture of component parts, assemblies, machinery and equipment in the automotive, heavy-duty, capital goods, agricultural and industrial markets, which integrated operations require financing on such a basis that credit supplied can be made available from time to time to the Credit Parties, as required for the continued successful operation of the Credit Parties and the integrated operation as a whole, and the Credit Parties have requested Lender to make credit available to Borrower primarily for the purpose of financing the integrated operation of the Credit Parties, with each Credit Party expecting to derive benefit, directly or indirectly, from the credit extended by Lender, both in its separate capacity and as a member of the integrated group, inasmuch as the successful operation and condition of each Credit Party is dependent upon the continued successful performance of the functions of the integrated group as a whole.
Integrated Operations. Borrower and the other Borrowers are a part of an integrated group which share business operations, functions and services, including sales, marketing, finance, accounting, management, manufacturing, engineering, quality control and shipping. As a result of the foregoing, Borrower will benefit in a direct and substantial way from Loans and advances made by Lender to the other Borrowers and, but for Lender making Loans to the other Borrowers and such other Borrowers being able to provide business services to Borrower, Borrower's business operations would be materially and negatively impacted.