Legal Capacity and Conducting of Business Sample Clauses

Legal Capacity and Conducting of Business. Borrower shall continue to engage in the same kind of activities and business as at present, contemplating normal variations occurring in its business derived from innovation or technological convergence or from trends arising in the field of its industry, and shall preserve and maintain, and see that each of its Significant Subsidiaries preserves and maintains its legal existence, rights (either statutory or legal), licenses, authorizations, concessions, permits, notices, intellectual or industrial property rights, registrations and franchises (the "Rights") that are considered relevant for its Principal Business; in the understanding that neither Borrower nor its Significant Subsidiaries shall be bound to maintain their legal existence in relation to a merger or consolidation carried out as established in Clause 4.02 (b); and also in the understanding that neither Borrower nor its Significant Subsidiaries shall be obliged to preserve any Right, if any of them, based on their own judgment, good faith, determine that the preservation of these is not commercially desirable for Borrower or for any of its Significant Subsidiaries, as the case may be, and that the loss of such Right cannot be expected to have an adverse consequence on the capacity of Borrower to pay the Loan or <PAGE> comply with the obligations derived for itself from this Agreement and/or the Promissory Notes. Under no circumstances must this obligation be interpreted as a limitation for Borrower or its Significant Subsidiaries against beginning or combining new businesses related to the telecommunications and related business. (c)
Sample 1
AutoNDA by SimpleDocs

Related to Legal Capacity and Conducting of Business

  • TTOCs CONDUCTING UNION BUSINESS 1. Where a TTOC is authorized by the local union or BCTF to conduct union business during the work week, the TTOC shall be paid by the employer according to the collective agreement.

  • Business Conduct Merger Sub was incorporated on November 5, 2020. Since its inception, Merger Sub has not engaged in any activity, other than such actions in connection with (a) its organization and (b) the preparation, negotiation and execution of this Agreement and the Transactions. Merger Sub has no operations, has not generated any revenues and has no assets or liabilities other than those incurred in connection with the foregoing and in association with the Merger as provided in this Agreement.

  • Activities Conducted Abroad The Subrecipient hereby acknowledges and agrees that it must ensure that project activities carried on outside the United States are coordinated as necessary with appropriate government authorities and that appropriate licenses, permits, or approvals are obtained.

  • Technical Safeguards 1. USAC and the Department will process the data matched and any data created by the match under the immediate supervision and control of authorized personnel to protect the confidentiality of the data, so unauthorized persons cannot retrieve any data by computer, remote terminal, or other means.

  • Scaling Locations, Rules, and Organizations All logs from timber sold under the terms and conditions of this contract shall be: (1) scaled at a location approved in writing by STATE; (2) scaled by a third-party scaling organization with a current agreement with STATE; and (3) scaled using the Official Log Scaling and Grading Rules (as adopted by the Northwest Log Rules Advisory Group) and STATE special service scaling instructions in effect at the time the logs are scaled. Utilization scale shall be handled in accordance with the section titled, “Utilization Scale.” PURCHASER shall enter into a written agreement with a third-party scaling organization for the scaling of logs removed from the timber sale area. PURCHASER shall furnish STATE with a copy of the scaling agreement upon request. If logs are delivered when a TPSO scaler is not present, PURCHASER must provide STATE with a method to assure protection and accountability. PURCHASER shall provide STATE with remote check scaling opportunities for logs scaled under this contract. The last two loads at each delivery point shall be continuously available for checking. They shall remain available for a minimum of 48 hours unless replaced by other STATE loads. They shall be available as originally presented for scaling; i.e., if truck scaled, they shall be presented in bunks. In the event scaling is suspended for any reason, hauling operations shall be immediately suspended until approved alternate scaling services are provided, or service by the scaling organization is resumed.

  • Physical Safeguards USAC and the Department agree to maintain all automated matching records in a secured computer environment that includes the use of authorized access codes to restrict access. Those records will be maintained under conditions that restrict access to persons who need them for official duties related to the matching process. The user’s supervisor will ensure that USAC or the Department are notified when a user has departed or duties have changed so the user no longer needs access to the system, to ensure timely deletion of the user’s account and password.

  • Labor Management Meetings Section 1. To promote communication and problem resolution between the City and the membership of the union, the Human Resources Director, and other representatives determined appropriate by the City may meet quarterly with the Executive Officers of the Union and other representatives that would be useful to discuss or resolve current issues.

  • Human and Financial Resources to Implement Safeguards Requirements 6. The Borrower shall make available necessary budgetary and human resources to fully implement the EMP and the RP.

  • School Conference and Activities Leave Leaves of absence without pay of up to a total of sixteen (16) hours during any twelve (12) month period for the purpose of attending school, pre-school or child care provider conferences and classroom activities of the employee's child, provided that such conferences and classroom activities cannot be scheduled during non-work hours. When the need for the leave is foreseeable, the employee shall provide reasonable prior notice of the leave to their immediate supervisor and shall make a reasonable effort to schedule the leave so as not to disrupt the operations of the Employer. Employees may use accumulated vacation benefits or accumulated compensatory time for the duration of such leaves.

  • Labor/Management Meeting Any other concerns, not specifically covered herein regarding health and/or safety factors shall be addressed through the county-level Labor Management Committee meetings, Article Thirty, Section G.

Time is Money Join Law Insider Premium to draft better contracts faster.