OBLIGATIONS OF THE. CONCESSIONAIRE 30
OBLIGATIONS OF THE. Lessee The Lessee hereby declares and warrants the following:
6.1 To be bound by an agreement only with the managing company in all matters related to receiving the services, to pay the managing fees pursuant to the provisions of this agreement and to pay all other payments applied to it pursuant to this agreement. Without derogating the generality of this provision, it is clarified that the participation of the Lessee in payment of municipal rates applied to areas for common use shall be paid within the managing fees and the Lessee shall not pay any additional amount in respect with municipal rates applied to areas for common use, except parking areas, if municipal tax shall be applied to these areas.
6.2 Not to take any action or service and/or perform, either on its own or through another party, other than the managing company, any deed, action or service that the managing company is entitled to perform pursuant to this agreement or pursuant to the rental agreement, unless the managing company agreed to it in advance and in writing, except emergencies, where it is impossible to act as aforementioned through the managing company.
6.3 To use the leased premises only for the purpose of the lease as agreed upon in the rental agreement (hereafter "The Purpose of the Lease") and not use it for any other purpose without obtaining the advance written consent of the Lessor.
6.4 That the Lessee and its subordinates and/or its representatives or those acting on its behalf shall obey all the instructions and demands of the managing company, cooperate with it and help it in each case where such cooperation or help shall be required to enable proper and efficient management and performance of the services.
6.5 To fulfill all its obligations derived from this agreement and from the rental agreement.
6.6 Without derogating the generality of the aforementioned, to pay payments it is committed to pay the managing company pursuant to this agreement in full and on time.
6.7 To enable the managing company and its authorized representatives to enter the leased premises at reasonable hours, under the circumstances, to perform acts of works related to management and performance of the services pursuant to this agreement, where these actions or works shall be performed either in relation to the leased premises or other commerce areas in the project and/or in relation to areas of common use and/or other parts of the project. Entry to the leased premises shall be effected upon ad...
OBLIGATIONS OF THE. The shall proceed with the planning, design, construction, and upgrade of the WWTP in order to achieve ENR and to meet the annual average nutrient goals of plant effluent quality on Total Nitrogen at 3 mg/l and on Total Phosphorous at 0.3 mg/l as provided in the Bay Restoration Fund Act and the ENR Strategy.
OBLIGATIONS OF THE. CONCESSIONAIRE 19
OBLIGATIONS OF THE. IMPLEMENTATION AGENCY
OBLIGATIONS OF THE. Parties Upon the Effective Time. --------------------------------------------------
OBLIGATIONS OF THE. CONCESSIONAIRE
OBLIGATIONS OF THE. BORROWER Section 3.01.
OBLIGATIONS OF THE. CONCESSIONAIRE 29
5.1 Obligations of the Concessionaire 29 5.2 Obligations relating to Project Agreements 30 5.3 Obligations relating to Change in Ownership 31 5.4 Employment of foreign nationals 32 5.5 Employment of trained personnel 33 5.6 Sole purpose of the Concessionaire 33
OBLIGATIONS OF THE. Company upon Termination of Executive's Employment ---------------------------------------------------------------------
(1) Good Reason; Other than for Cause, Death or Disability. ------------------------------------------------------
(a) Prior to Executive's 63rd Birthday. Except as provided for in Section ----------------------------------- VI of this Agreement, if during the Employment Period and prior to the Executive's 63rd birthday, the Company shall terminate Executive's employment other than for Cause or Disability, or Executive shall terminate his employment with the Company for Good Reason, the Company shall pay to Executive (i) any Annual Base Salary owed to Executive through the Date of Termination to the extent not previously paid, (ii) an amount equal to three (3) times Executive's highest Annual Base Salary during any of the last three full fiscal years prior to the Date of Termination, and (iii) an amount equal to three (3) times the average Annual Bonus earned by Executive over the last three full fiscal years prior to the Date of Termination. In addition to the payments described in subparagraphs (i), (ii), and (iii) above, the Company also shall (A) arrange to provide to Executive for a period of three years from the Date of Termination, medical (including dental, vision and prescription drug coverage) and life insurance with terms no less favorable, in the aggregate, than the most favorable of those provided to Executive during the year immediately preceding the Date of Termination, (B) immediately vest all previously unvested shares of Restricted Stock and Stock Options held by Executive, (C) provide Executive with any Performance-Based Dividend Equivalents that would have been earned by Executive during the three years following the Date of Termination, and (D) pay any compensation previously deferred by Executive in accordance with the provisions of the plan under which such compensation was deferred. Payments pursuant to subparagraph (i) above shall be made within thirty (30) days following the Date of Termination. Payments pursuant to subparagraph (ii) above shall be made in equal monthly installments over the three-year period following the Date of Termination. Payments pursuant to subparagraph (iii) above shall be made in equal annual installments over the three-year period following the Date of Termination on each anniversary following the Date of Termination. Payments pursuant to subparagraph (C) above shall be made at the tim...
