Operating Commitment Sample Clauses
The Operating Commitment clause defines the obligations of a party to maintain certain operational standards or levels of performance throughout the duration of an agreement. Typically, this clause requires a party—such as a service provider or operator—to ensure that facilities, equipment, or services are managed and maintained according to agreed-upon benchmarks or industry standards. For example, it may specify minimum staffing levels, maintenance schedules, or performance metrics that must be met. The core practical function of this clause is to ensure consistent and reliable operations, thereby protecting the interests of the other party and minimizing the risk of service disruptions or substandard performance.
Operating Commitment. Contractor agrees to operate Contractor’s United Express Services to provide air transportation services scheduled pursuant to this Article IV.B (as modified from time to time) throughout the term of this Agreement.
Operating Commitment. The Lender agrees, upon the terms and subject to the conditions of this Agreement, to lend to the Borrower and the Borrower agrees that it may borrow from the Lender an amount up to, but not exceeding, in the aggregate [AMOUNT] (the “Operating Commitment”) as provided herein.
Operating Commitment. Contractor agrees to operate Contractor’s United Express Services in order to provide air transportation services scheduled pursuant to this Article IV.C (as modified from time to time) throughout the term of this Agreement. D. INVENTORY 1. United will have the sole right to use, set and control availability, levels and use of all seat inventory for the aircraft used by Contractor in Contractor’s United Express Services. United will take all revenue and inventory risk and will maintain inventory and pricing responsibility. Contractor is prohibited from providing positive space leisure travel, or any other confirmed leisure travel that requires removal of a seat from inventory, to any person other than the people outlined in Appendix J, on Contractor’s United Express flights without the prior written consent of United. All positive space and leisure travel must be ticketed on United approved ticket stock with Contractor’s full IATA serial and ticketing numbers. Positive space travel is permitted for Contractor’s, Contractor’s affiliates and United’s employees for actual business purposes, including deadheading flight crews, and for Contractor’s employees and Contractor’s affiliates and Eligibles in emergency situations only. Contractor may not issue positive space business travel to anyone other than Contractor’s own employees and Contractor’s affiliates’ employees and only in connection with business purposes and emergency situations related to United Express Services. If in any way Contractor issues tickets in violation of this provision in any form, within two (2) years of each such violation, Contractor may be billed via the ACH, and Contractor will pay United, the full unrestricted fare for the class of service provided on such route for any such inappropriate ticketing. Contractor also agrees to comply with all rules and regulations for positive space and space available travel as outlined in the Related Agreements. E. FLIGHT CREWS TO BE USED 1. Flight Crew. All of Contractor’s United Express Services will be operated with crews consisting of a captain or pilot, and a first officer or co-pilot. All such crew members will at all times meet all currently applicable governmental requirements, as such requirements may be amended from time to time during the life of this Agreement, and will be fully licensed and qualified for the services to be performed hereunder. In addition, each of Contractor’s captains will hold a current Airline Transport Pilot Certi...
Operating Commitment. While the day-to-day activities of the SciTech Scity Innovation Engine will be managed by a dedicated team of professional operators, for the ecosystem to succeed Academic Partners are expected to designate one or more individuals with relevant expertise to act as liaison(s) to their respective organizations, provide strategic input, identify areas of collaboration and establish effective communication channels with their organizations. For example, these individuals are encouraged to help drive awareness for opportunities for faculty and students to engage in the SciTech Scity programming. In addition, Academic Partners are encouraged to contribute ideas, speakers and researchers to the thought leadership program, and resources and content experts to the innovation challenges, venture studio and business program. Academic Partner, HUDSON COUNTY COMMUNITY COLLEGE will receive recognition in relevant press, media, and events in ways that enhance its brand and demonstrate its commitment to innovation and its support of new ideas and technologies. The specific targets for such opportunities will be developed collaboratively to most closely reflects HUDSON COUNTY COMMUNITY COLLEGE’s priorities and to efficiently leverage the joint efforts involved. This agreement will remain in place from September 1, 2023, until such time as it is revoked by either party on 30 days notice. In witness whereof, authorized representatives have executed this Agreement. SCITECH SCITY, LLC By: Name: Title: Date: HUDSON COUNTY COMMUNITY COLLEGE By: Name: Title: Date: Item IX., Academic and Student Affairs Attachment XVII Resolution 17 Hudson County Community College (“HCCC” or “College”) and the International Brotherhood of Electrical Workers Local 164 (“IBEW” or “IBEW Local 164”) have established a partnership to provide education and training to IBEW Local 164 members. The partnership includes granting HCCC college credits for demonstrated academic proficiency in the study of Construction Management acquired by persons who are apprentices and have completed at least Year 2 of the 5-year apprenticeship program with the Electrical Training Alliance IBEW - NECA program, and the provision of continuing education classes at the IBEW Training Facility.
Operating Commitment