OBLIGATION TO NEGOTIATE IN GOOD FAITH Sample Clauses

OBLIGATION TO NEGOTIATE IN GOOD FAITH. The District through its duly authorized representatives, shall negotiate in good faith with recognized fire employee organization(s) on wages, hours, and other terms and conditions of employment, including procedures for the resolutions of grievances submitted by the employee organization(s) over the interpretation or application of any negotiated agreement, including provisions for binding arbitration of grievances. Unless and until agreement is reached through negotiations between the District and the recognized employee organization(s) or a determination is made through the impasse dispute resolution procedure, hereinafter provided, no existing benefit or condition of employment within or effecting matters within the scope of representation for those employees shall be eliminated or changed.
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OBLIGATION TO NEGOTIATE IN GOOD FAITH. The Board and Union agree to negotiate in good faith, provided that the obligation to negotiate in good faith does not compel either party to agree to a proposal or require the making of a concession.
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OBLIGATION TO NEGOTIATE IN GOOD FAITH. Both parties agree to conduct negotiations in "Good Faith" through their designated
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OBLIGATION TO NEGOTIATE IN GOOD FAITH. Both parties agree to conduct negotiations in "Good Faith" through their designated representative. "Good Faith", for purposes of this Agreement, means a mutual willingness to bargain to agreement, consider concessions, and an obligation to respond to proposals advanced by the other party with a reason or reasons for the position taken. If a proposal is unacceptable to one of the parties, that party is obligated to give its reasons and/or offer a counterproposal. "Good Faith" does not require the making of a counterproposal.
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OBLIGATION TO NEGOTIATE IN GOOD FAITH. If a Negotiation Event occurs and thereafter a Party (the “Delivering Party”) delivers to the other Party (the “Receiving Party”) an Opinion of Counsel that states that, as a consequence of the Negotiation Event the Delivering Party is unable, due to Applicable Law, to continue to perform any of the obligations to be performed by it in accordance with the terms and conditions of this Agreement (an “Impediment”), Seller and Buyer will negotiate in Good Faith an amendment to this Agreement that would eliminate the Impediment. “Opinion of Counsel” means a written opinion (which may be reasoned) of a reputable law firm of national stature. The form and substance of the written opinion, and the law firm, will be subject to the approval of the Receiving Party. “Negotiation Event” means the occurrence of any transaction or event, whether voluntary or involuntary, as a result of which a single shareholder or Group ceases to be the “beneficial owner” (as defined in Securities and Exchange Commission Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, as amended) of a majority of the total voting power of the then-outstanding voting capital stock of SHC or SHO.
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OBLIGATION TO NEGOTIATE IN GOOD FAITH. Upon the execution of this Agreement, the Parties shall engage in good faith negotiations in order to enter into any other documents executed in connection with the Amortization (including this Agreement, the “Amortization Documents”) on the terms and conditions set forth in this Agreement and to consummate the transactions contemplated hereby.
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OBLIGATION TO NEGOTIATE IN GOOD FAITH. The parties are required to undertake in subjecting oneself to that mediation process, to have an open mind in the sense of: a willingness to consider such options for the resolution of the dispute as may be propounded by the opposing party or by the mediator, as appropriate; a willingness to give consideration to putting forward options for the resolution of the dispute. Subject only to these undertakings, the obligations of a party who contracts to mediate in good faith, do not oblige nor require the party: to act for or on behalf of or in the interests of the other party; to act otherwise than by having regard to self-interest.
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Related to OBLIGATION TO NEGOTIATE IN GOOD FAITH

  • Good Faith Negotiation The Parties shall attempt in good faith to achieve consensus with respect to all matters arising under this Agreement and to use reasonable efforts through good faith discussion and negotiation to avoid and resolve disputes that could delay or impede a Party from receiving the benefits of this Agreement. These dispute resolution procedures apply to any dispute that arises from either Party’s performance of, or failure to perform, in compliance with this Agreement and which the Parties are unable to resolve prior to invocation of these procedures.

  • Obligation to Notify If the Participant makes the election permitted under Section 83(b) of the Internal Revenue Code of 1986, as amended (that is, an election to include in gross income in the year of transfer the amounts specified in Section 83(b)), the Participant shall notify the Company of such election within 10 days of filing notice of the election with the Internal Revenue Service and shall within the same 10-day period remit to the Company an amount sufficient in the opinion of the Company to satisfy any federal, state and other governmental tax withholding requirements related to such inclusion in Participant’s income. The Participant should consult with his or her tax advisor to determine the tax consequences of acquiring the Restricted Stock and the advantages and disadvantages of filing the Section 83(b) election. The Participant acknowledges that it is his or her sole responsibility, and not the Company’s, to file a timely election under Section 83(b), even if the Participant requests the Company or its representatives to make this filing on his or her behalf.

  • No obligation to monitor No Finance Party is bound to monitor or verify the utilisation of a Facility.

  • Obligation to Mitigate Each Lender (which term shall include Issuing Bank for purposes of this Section 2.21) agrees that, as promptly as practicable after the officer of such Lender responsible for administering its Loans or Letters of Credit, as the case may be, becomes aware of the occurrence of an event or the existence of a condition that would cause such Lender to become an Affected Lender or that would entitle such Lender to receive payments under Section 2.18, 2.19 or 2.20, it will, to the extent not inconsistent with the internal policies of such Lender and any applicable legal or regulatory restrictions, use reasonable efforts to (a) make, issue, fund or maintain its Credit Extensions, including any Affected Loans, through another office of such Lender, or (b) take such other measures as such Lender may deem reasonable, if as a result thereof the circumstances which would cause such Lender to be an Affected Lender would cease to exist or the additional amounts which would otherwise be required to be paid to such Lender pursuant to Section 2.18, 2.19 or 2.20 would be materially reduced and if, as determined by such Lender in its sole discretion, the making, issuing, funding or maintaining of such Revolving Commitments, Loans or Letters of Credit through such other office or in accordance with such other measures, as the case may be, would not otherwise adversely affect such Revolving Commitments, Loans or Letters of Credit or the interests of such Lender; provided, such Lender will not be obligated to utilize such other office or take such other measures pursuant to this Section 2.21 unless Borrower agrees to pay all reasonable incremental expenses incurred by such Lender as a result of utilizing such other office or take such other measures as described above. A certificate as to the amount of any such expenses payable by Borrower pursuant to this Section 2.21 (setting forth in reasonable detail the basis for requesting such amount) submitted by such Lender to Borrower (with a copy to Administrative Agent) shall be conclusive absent manifest error.

  • No Obligation to Mitigate Executive shall not be required to seek other employment or otherwise to mitigate Executive's damages upon any termination of employment; provided, however, that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b) hereof, any such benefits to be provided by the Company to Executive following the Term shall be correspondingly reduced.

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