Obligations of Corporation. Upon termination of Executive's employment with the Corporation, the Corporation shall have no further obligation to Executive except as specifically provided under this Agreement. Termination of Executive's employment shall not affect Executive's right to receive any compensation or bonuses which have accrued but have not been paid through the date of termination.
Obligations of Corporation. Corporation agrees:
(i) To allow Company to the extent possible to operate the Project as a base load generating station subject to system constraints.
(ii) Subject to system constraints to off-take and purchase the Electricity generated by the Company at the Delivery Point. However backing down of generation for any reason what so ever shall be in accordance with the Grid Code and other regulations as notified by the Commission from time to time.
(iii) To make tariff payments to the Company as set out in Article 5.
(iv) To accord approval within a reasonable period for the Interconnection Facilities to be constructed by the Company.
(v) To undertake maintenance of the transmission lines at its own cost after Commercial Operation Date.
(vi) To provide start up power required for the plant.
Obligations of Corporation. This Agreement is executed by and on behalf of the Corporation and the obligations of the Corporation hereunder are not binding upon any of the directors, officers or shareholders of the Corporation individually but are binding only upon the Corporation and with respect to the Funds to which such obligations pertain.
Obligations of Corporation. Corporation agrees to meet the terms of all reasonable requests of Contractor necessary to the performance of Contractor’s duties under this Agreement.
Obligations of Corporation. The Corporation shall have the following obligations under the Agreement:
(a) to keep Adviser continuously and fully informed as to the composition of the investment portfolio of each Fund and the nature of all of its assets and liabilities from time to time;
(b) to furnish Adviser with a certified copy of any financial statement or report prepared for the Corporation by a certified or independent public accountants, and with copies of any financial statements or reports made to its shareholders or to any governmental body or securities exchange;
(c) to furnish Adviser with any further materials or information which Adviser may reasonably request to enable it to perform its functions under this Agreement; and
(d) to compensate Adviser for its services in accordance with the provisions of Section 4 hereof.
Obligations of Corporation. 5 3.02. Information to be Provided.......................................8 3.03.
Obligations of Corporation a) On the dates in each year in which the Directors of the Corporation elect to make Cash Distributions in accordance with section 1.01(j) of the Royalty Indenture, the Corporation will furnish or cause to be furnished to the Trustee and to the Royalty Unitholders or Unitholders of record on the tenth Business Day immediately preceding each of such dates, on behalf of the Trustee, payment to each Unitholder of his respective share of the Cash Distribution plus ARC, plus any interest earned by the Fund.
b) Not later than 140 days after December 31, 2003 and not later that 90 days after December 31 in each calendar year thereafter, the Corporation will forward to the Trustee and to the Unitholders of record consolidated annual financial statements of the Fund. The Corporation will also forward the interim consolidated unaudited financial statements of the Fund to the Trustee and to the Unitholders of record within the periods prescribed by applicable corporate and securities legislation, if it is not exempted from such reporting requirements.
Obligations of Corporation. The Corporation expressly agrees that should the Bank for any reason be unable to or shall otherwise not perform its obligations under this Agreement, the Corporation shall pay to the Executive the compensation to which the Executive is entitled under this Agreement and to perform all other duties which the Bank may have under this Agreement, whether or not the Executive is employed by the Corporation on the date of execution of this Agreement.
Obligations of Corporation. 1. Corporation shall provide continuation of coverage to Qualified Beneficiaries to the extent required by COBRA provided Corporation receives the applicable contribution for continuation of coverage and proper enrollment forms in a timely manner.
Obligations of Corporation. In connection with the obligations of the Corporation with respect to the registration of the Registrable Securities contemplated herein, the Corporation shall:
(a) prepare and file with the SEC a Registration Statement as soon as reasonably practicable after receipt of a written request pursuant to Section 2, which Registration Statement, in each case, shall (i) be available for the sale of the Registrable Securities in accordance with the intended method or methods of distribution by the selling Holders thereof and (ii) comply as to form in all material respects with the requirements of the applicable form and include all financial statements required by the SEC to be filed therewith, and will use its best efforts to cause such Registration Statement to be declared effective by the SEC as soon thereafter as is commercially practicable and, upon the request of the Holders of a majority of the Registrable Securities registered thereunder, keep such Registration Statement effective for a period of up to one hundred twenty (120) days or, if earlier, until the distribution contemplated in the Registration Statement has been completed; provided, however, that (i) such 120-day period shall be extended for a period of time equal to the the period the Holder refrains from selling any Registrable Securities included in such Registration Statement pursuant to Section 3.03(a) or 3.03(b) and, in the case of any registration of Registrable Securities on Form S-3 which are intended to be offered on a continuous or delayed basis, such 120-day period shall be extended for up to ninety (90) additional days, if necessary, to keep the Registration Statement effective until all such Registrable Securities are sold;
(b) subject to the last three sentences of this Section 3.01(b) and to Section 3.01(i) hereof: prepare and file with the SEC such amendments and supplements (including required periodic reporting filings under the Exchange Act) to such Registration Statement and Prospectus included therein as may be necessary to keep such Registration Statement effective for the applicable period; cause the Prospectus to be amended or supplemented as required and to be filed as required by Rule 424 or any similar rule that may be adopted under the Securities Act; respond as promptly as practicable to any comments received from the SEC with respect to the Registration Statement or any amendment thereto; and (iv) comply with the provisions of the Securities Act with respect to the d...
