OPERATIONS AGREEMENT. Each Operations Agreement is in full force and effect and neither Borrower nor Operating Lessee nor, to Borrower’s and Operating Lessee’s knowledge, any other party to any Operations Agreement, is in material default thereunder, and to Borrower’s and Operating Lessee’s knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a material default thereunder. Except as described herein (including the Exhibits and Schedules attached hereto), no Operations Agreement has been modified, amended or supplemented.
OPERATIONS AGREEMENT. 15 1. CITY’s Manager and COUNTY’s SHERIFF are authorized to execute, on 16 behalf of CITY and COUNTY, respectively, the Operations Agreement 17 attached hereto as Attachment C.
18 2. Within the limitations set forth below, SHERIFF, on behalf of COUNTY, and 19 CITY Manager, on behalf of CITY, are authorized to execute written 20 amendments to the Operations Agreement. Amendments may be executed 21 by SHERIFF and CITY Manager without prior approval by CITY’s Council 22 and COUNTY’s Board of Supervisors only if they pertain to the same subject 23 matter as the original Operations Agreement attached hereto and do not, in 24 the aggregate, increase or decrease the total costs of CITY or the total 25 expenses of COUNTY under this Agreement by more than one percent 26 (1%). Prior approval of CITY’s Council and COUNTY’s Board of Supervisors 27 is necessary for any other amendment of the Operations Agreement.
OPERATIONS AGREEMENT. 2 1. CITY’s Manager and COUNTY’s SHERIFF are authorized to execute, on 3 behalf of CITY and COUNTY, respectively, the Operations Agreement 4 attached hereto as Attachment C.
5 2. Within the limitations set forth below, SHERIFF, on behalf of COUNTY, and 6 CITY Manager, on behalf of CITY, are authorized to execute written
OPERATIONS AGREEMENT. Each Operations Agreement is in full force and effect and none of Borrower, Leasehold Pledgor, any Individual Owner, any Operating Lessee or, to Borrower’s and Leasehold Pledgor’s knowledge, any other party to any Operations Agreement, is in material default thereunder, and to Borrower’s and Leasehold Pledgor’s knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a material default thereunder. Except as described herein (including the Exhibits and Schedules attached hereto), no Operations Agreement has been modified, amended or supplemented.
OPERATIONS AGREEMENT. (Continued)
OPERATIONS AGREEMENT. Sequel shall on Closing enter into an operations agreement with LIVESTAR outlining standards and procedures by which Sequel will operate as a subsidiary of LIVESTAR and pursuant to which LIVESTAR shall be paid management fees for services provided to Sequel. LIVESTAR shall not be entitled to receive any management fees, however, until after Closing.
OPERATIONS AGREEMENT. During the Interim Phase, Intracel and Lehigh agree to negotiate in good faith the terms of an Operations Agreement to be entered into at the Final Closing by ICC, Intracel and Lehigh (the "OPERATIONS AGREEMENT"). The Operations Agreement shall set forth all the rights and obligations of ICC, Intracel and Lehigh during the Operational Phase, including, but not limited to, those rights and obligations described in Sections 5 and 7 above and the additional operational rights of Intracel and Lehigh described below. In the event of an inconsistency between the terms and conditions of this Agreement relating to the rights and obligations of ICC, Intracel and Lehigh with respect to those contained in the Operations Agreement, the Operations Agreement's terms and conditions shall govern. The parties hereto shall each use its best efforts to cause ICC to execute the Operations Agreement on the Final Closing Date.
OPERATIONS AGREEMENT. As of the Closing Date and at the Closing, HLTT, Purchaser, Seller and PTG shall execute the Operations Agreement attached as Exhibit D (the “Operations Agreement”).
OPERATIONS AGREEMENT. The Bank, the Dumex Entities, the Guarantor and Derma shall have entered into the Operations Agreement by 5:00 p.m. (Toronto time) on July 8, 2002 (unless otherwise agreed to be extended) and there shall have been no material breach thereof by any party thereto.
