PDU Operation Sample Clauses

PDU Operation. Fulcrum will, at its cost, conduct the testing of the N/S Technology at the PDU as contemplated herein. Nipawin will, at its cost, conduct additional pilot testing as may be required to support the PDU effort. Either Nipawin or SRC shall formulate and prepare sufficient quantities of the Nipawin/SRC Catalyst, to support the needs of the PDU testing program including the longer term catalyst life tests. In addition, either Nipawin or SRC shall prepare testing protocols and instructions and provide overall guidance and supervision of the PDU testing process and shall provide assessment of the results.
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PDU Operation. Fulcrum has identified, and both Nipawin and SRC have approved, an existing facility owned by Southern Research Institute (“SRI”). Fulcrum will engage SRI to permit use and modification of this facility to meet Nipawin’s and SRC’s collective requirements and to perform the PDU testing. Fulcrum will engage a qualified fabricator to fabricate the PDU facility for purposes of this Agreement, at Fulcrum’s cost. Fulcrum will be solely responsible for the payment of all expenses reasonably required for the fabrication and ongoing operation and modification of the PDU. Upon completion of the PDU testing and each of Nipawin’s and SRC’s decision to proceed with the ASPD Technology development as contemplated in Section 3.5, either Nipawin or SRC (the “Electing Party”) may elect by written notice to take possession and ownership of the central process module (which includes the reactor and recirculation loop equipment) of the PDU (the “Core Module”). In such event, Fulcrum will transfer title to the Core Module to the Electing Party without charge, in an “as is” condition, and without warranty of any kind. The Electing Party will be responsible for and will bear the cost of any packaging, shipment, insurance and reinstallation of the Core Module, and any taxes and other governmental fees associated with such transfer. Instead of transferring the Core Module from the PDU, Fulcrum may elect at its option to have a duplicate Core Module fabricated and offered to the Electing Party on the above terms.
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Related to PDU Operation

  • Co-operation The Custodian shall cooperate with and supply necessary information to the entity or entities appointed by the Trust to keep the books of account of the Fund and/or compute the value of the assets of the Fund. The Custodian shall take all such reasonable actions as the Trust may from time to time request to enable the Trust to obtain, from year to year, favorable opinions from the Trust's independent accountants with respect to the Custodian's activities hereunder in connection with (a) the preparation of the Trust's reports on Form N-1A and Form N-SAR and any other reports required by the Securities and Exchange Commission, and (b) the fulfillment by the Trust of any other requirements of the Securities and Exchange Commission.

  • Profitable Operations Borrower will not permit Consolidated Net Income (a) for any fiscal year, commencing with the fiscal year ending December 31, 2002, to be less than $1.00 and (b) for any two consecutive fiscal quarters (treated as a single accounting period) to be less than $1.00.

  • Interim Operations (a) The Company covenants and agrees as to itself and its Subsidiaries that, after the date hereof and prior to the Effective Time (unless Parent shall otherwise approve in writing (such approval not to be unreasonably withheld, delayed or conditioned)), and except as otherwise expressly permitted by this Agreement or as required by a Governmental Entity or applicable Laws, the business of it and its Subsidiaries shall be conducted in all material respects in the ordinary course and, to the extent consistent with the foregoing, the Company and its Subsidiaries shall use their respective commercially reasonable efforts to preserve their business organizations substantially intact, maintain satisfactory relationships with Governmental Entities, NERC, PJM, customers and suppliers having significant business dealings with them and keep available the services of their key employees; provided, however, that no action taken by the Company or its Subsidiaries with respect to matters specifically addressed by clauses (i)-(xx) of this Section 6.1(a) shall be deemed a breach of this sentence unless such action would constitute a breach of such other provision. In furtherance of the foregoing, from the date of this Agreement until the Effective Time, except (A) as otherwise expressly permitted by this Agreement, (B) as Parent may approve in writing (such approval not to be unreasonably withheld, delayed or conditioned), (C) as is required by applicable Law or any Governmental Entity or (D) as set forth in Section 6.1(a) of the Company Disclosure Letter, the Company will not and will not permit its Subsidiaries to:

  • Business Operations Company and Shareholders shall operate the Business and use the Assets in the ordinary course. Company and Shareholders shall not enter into any lease, contract, indebtedness, commitment, purchase or sale or acquire or dispose of any capital asset relating to the Business or the Assets except in the ordinary course of business. Company and Shareholders shall use their best efforts to preserve the Business and Assets intact and shall not take any action that would have an adverse effect on the Business or Assets. Company and Shareholders shall use their best efforts to preserve intact the relationships with payors, customers, suppliers, patients and others having significant business relations with Company. Company and Shareholders shall collect its receivables and pay its trade payables in the ordinary course of business. Company and Shareholdes shall not introduce any new method of management, operations or accounting.

  • Ongoing Operations From the Effective Date through Closing:

  • Maintenance of Operations The Servicer agrees to continue to operate its distribution system to provide service to its customers so long as it is acting as the Servicer under this Agreement.

  • Continuing Operation Except as specifically provided in this Section 10, the termination of Executive's employment or of this Agreement shall have no effect on the continuing operation of this Section 10.

  • Continuity of Operations (1) Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • Hours of Operation Account Processing Services will be available for use by Client during standard Fiserv business hours, excluding holidays, as specified in Exhibit A - 3. Account Processing Services may be available during additional hours, during which time Client may use Services at its option and subject to additional charges.

  • Project Management With respect to each Project Plan, each party will appoint a project manager who will be the party responsible for overseeing the Project Plan.

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