Preservation of Status. Except as may be permitted herein, Borrower shall, and shall cause each Subsidiary to, maintain its status, as the case may be, as a corporation, partnership, limited liability company or other entity duly organized, validly existing and in good standing under the laws of its jurisdiction of formation, and, unless failure to do so could not reasonably be expected to have a Material Adverse Effect, be duly qualified to do business as a foreign corporation, partnership or limited liability company as the case may be, and in good standing in all jurisdictions in which the ownership of its properties or the nature of its business or both make such qualification necessary or advisable.
Preservation of Status. If requested by a party, the other party ---------------------- shall execute such documents and consents and shall cause any of the Businesses to execute such documents as are necessary in order to preserve the election, if the Business is designated on Exhibit A as a "Subchapter S Corporation", to be taxed as a Small Business Corporation under Subchapter S of the Internal Revenue Code (the "Subchapter S Election"). In order to prevent the inadvertent termination of the Subchapter S Election, the parties each agree to vote their shares, execute any necessary documents, take any other required action and otherwise exert their best efforts at all times in good faith to accomplish the objective of a Subchapter S Corporation in maintaining the Subchapter S Election, including taking actions with respect to Operations. If any documents evidencing such consent or other actions required for filing under the provisions of the Internal Revenue Code (the "Code") are required in order to effectuate such objectives, and if any party is unable or unwilling or otherwise fails to execute such documents or take such other action in a timely manner, then such party hereby irrevocably appoints any officer of any such corporation as such person's attorney-in-fact to execute such documents and to take such action in such person's place and stead.
Preservation of Status. Each of the Borrowers shall, and shall cause each of its Restricted Subsidiaries to, maintain its status as a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, or maintain its status as a partnership duly organized and validly existing under the laws of its jurisdiction of organization. Each of the Borrowers shall, and shall cause each of its Restricted Subsidiaries to, continue to be duly qualified to do business as a foreign corporation or partnership, as the case may be, and in good standing in all jurisdictions in which the ownership of its properties or the nature of its business or both make such qualification necessary or advisable, except for matters that, individually or in the aggregate, could not have a Material Adverse Effect.
Preservation of Status. The Association agrees that the Employer has the right to study or introduce new or improved methods or facilities. Not less than ninety (90) days prior to the introduction or implementation of substantial technological change employees, the Employer shall, by written notice, furnish the Association with all information in its possession of the planned change or changes. Such notice contain the information known to the Employer respecting (a) the nature and degree of change, the date or dates on which the Employer plans to effect the change, the location or locations involved. As soon as reasonably practicable after the foregoing notice has been given, the Employer will make disclosure to the Association of the Employer's knowledge as to the effects of the change or changes on each classification of employee. Such disclosure will contain all relevant data in the possession of the Employer and shall be supplemented by any additional information reasonably requested by the Association which is the possession of the Employer Following the said disclosure, representatives of the Parties will meet for the purpose of engaging in discussions with a view to resolving any issue which may concern the employment status of any employee. Without mutual agreement, no employee covered by this agreement, save and except probationary employees, shall suffer loss of employment as a result of the exercise by the Employer of its right to introduce or implement substantial technological change, provided the said employee was in the employ of the Employer at the time the aforementionednotice was given by the Employer. The words "technological change" in this Article mean (a) the introduction by the Employer of equipment or material of a different nature or kind than that previously utilized; and a change in the manner in which the Employer carries on its work and undertaking that is directly related to the introduction of that equipment or material. No person outside the bargaining unit shall be allowed to perform the duties, services customarily and regularly performed as of the present date exclusively by employees as defined by this agreement, except in the event of an emergency or circumstance beyond the control of the Employer and only for the duration of the emergency or circumstance, or except with the consent of the Association. WEEK WEEK WEEK W EK Two-platoon system consisting of an average of forty-two (42) hour a week on a sixteen (16) week cycle. The night shift is ...
