Maintenance of Values Sample Clauses

Maintenance of Values. (a) An SM Value is valid, without variation, for work performed under the standard conditions upon which it was based. Standard conditions are those applying at the time of issue of the SM value and job specification. They include the condition and type of material, machinery, equipment and workplace layout in use, the specified quality objective and methods of operating observed. To give all employees a fair opportunity to achieve performances consistent with the effectiveness of the effort and skill they employ, the following shall apply: Standard conditions must be maintained and failing this; Improvement or deterioration in standard conditions will necessitate a review of the invalidated SM value. Revision will be made only to those element times found to be affected by a change from standard conditions.
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Maintenance of Values. If, at any date, the Collateral shall have an aggregate Collateral Value which is less than the then Required Minimum Value for any reason (including, without limitation, due to any decline in value of any Collateral and/or due to increase in the Required Minimum Value pursuant to the PROVISO contained in the second sentence of Section 1.8 of the Letter Agreement), then the Pledgee shall immediately notify the Pledgor by telephone or facsimile of such Collateral Value and the Pledgor shall deposit with the Pledgee, within two (2) business days following such notification, additional cash or securities to be held as Collateral hereunder, so that the aggregate Collateral Value of all Collateral then so held will not be less than the then effective Required Minimum Value.
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Related to Maintenance of Values

  • Maintenance of Aircraft Lessor shall be solely responsible for securing maintenance, preventive maintenance and inspections of the Aircraft (utilizing an inspection program listed in FAR Section 91.409(f)), and shall take such requirements into account in scheduling the Aircraft hereunder.

  • Maintenance of Listing The Company will use commercially reasonable efforts to effect and maintain the listing of (x) the Units and Warrants on the NYSE (or another national securities exchange) until the consummation of the Business Combination or until such earlier time at which the Liquidation occurs, and (y) the Common Stock on the NYSE (or another national securities exchange) until five years from the date of the consummation of the Business Combination or until such earlier time at which Liquidation occurs.

  • Maintenance of Net Worth The Borrower shall, as of the last day of each Fiscal Quarter, maintain a Tangible Net Worth of not less than the sum of (a) $136,017,557, plus (b) 75% of the aggregate net proceeds received by Parent or any of its Subsidiaries after the First Amendment Effective Date in connection with any offering of Stock or Stock Equivalents of the Borrower, Parent or the Subsidiaries.

  • Maintenance of Books The Company agrees to maintain, at its aforesaid office or agency, books for the registration and the registration of transfer of the Warrants.

  • Maintenance of Equipment The Equipment shall be maintained in good operating condition and repair (reasonable wear and tear excepted) and all necessary replacements of and repairs thereto shall be made so that the value and operating efficiency of the Equipment shall be maintained and preserved. No Borrower shall use or operate the Equipment in violation of any law, statute, ordinance, code, rule or regulation. Each Borrower shall have the right to sell Equipment to the extent set forth in Section 4.3 hereof.

  • Maintenance of Account In addition to, and not in lieu of, the obligation of the Securities Intermediary to honor entitlement orders as agreed in Section 3 hereof, the Securities Intermediary agrees to maintain the Account as follows:

  • Maintenance of Business Each of the Parent and the Borrower shall, and shall cause each Subsidiary to, preserve and maintain its existence, except as otherwise provided in Section 8.10(c) hereof. Each of the Parent and the Borrower shall, and shall cause each Subsidiary to, preserve and keep in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, and other proprietary rights necessary to the proper conduct of its business where the failure to do so could reasonably be expected to have a Material Adverse Effect.

  • Installation and Maintenance of Meters The Servicer shall cause to be installed, replaced and maintained meters in accordance with the Servicer Policies and Practices.

  • Maintenance of Goods Such Grantor will do all things necessary to maintain, preserve, protect and keep its Inventory and the Equipment in good repair and working and saleable condition, except for damaged or defective goods arising in the ordinary course of such Grantor’s business and except for ordinary wear and tear in respect of the Equipment.

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