Process to be followed. Employees or their representative may request to meet with the employer or their representative for the purposes of determining whether or not conditions are inclement. Such meeting shall occur within 30 minutes of the scheduled starting time or the weather becoming inclement; • Employees are required to remain on the site until this meeting has occurred and a decision has been made; and • If the employer refuses to meet within this time, employees will be entitled to cease work for the rest of the day and be paid in accordance with this clause.
Process to be followed. (i) In the event of redundancy, the following principles and process will be applied in the management of the redundancy process.
(ii) Where it is envisaged by the Company that a position will need to be made redundant the Company will contact the Site Consultative Committee to discuss and explore all other options to avoid redundancies, or if they cannot be avoided, to reduce their impact.
(iii) After consultation with the Site Consultative Committee, the Company will notify the employee(s) likely to be affected.
(iv) Where redundancies are necessary the Company will consider the skills and the versatility of employees likely to be affected having regard to the needs of the Company.
(v) Having made their selections the Company will advise the employee(s) affected that a definite decision has been made to make the position that they fill redundant and the anticipated date when that will occur.
(vi) The Company will give employees being made redundant a minim um of four weeks formal notice or pay in lieu of notice. If the employee is over 45 years of age at the time of giving of the notice with not less than 2 years' continuous service, they will be entitled to an additional o n e weeks’ notice.
(vii) Where an employee has been given formal notice of redundancy and that person elects to resign (and the Company agrees to allow this), prior to the effective date of the employee's redundancy notice, payments arising u nder this Agreement will be calculated to the date the resignation takes effect.
(viii) Within seven days of being given notice of redundancy the employee will be provided with an itemised statement of all redundancy and statutory payments.
Process to be followed. The process by which Seller is ---------------------- to offer to Buyer the Typical Loans to which the right of first offer described herein applies, and by which Buyer shall, if it chooses to do so, purchase some or all of such Typical Loans pursuant to such right of first offer, is as follows:
2.2.2.1. When Seller has identified specific Typical Loans to which the right of first offer described in this Paragraph 2.2 shall apply, it shall give a written notice to Buyer (the "Offer Notice") (i) describing each of those Typical Loans (including without limitation the material economic terms thereof) and the Subject Property that has been pledged as collateral security therefor, all in reasonable detail, (ii) stating Seller's good faith estimate of the cash price at which a willing and sophisticated buyer would purchase each of those Typical Loans from a willing and sophisticated seller for the purpose of securitizing such Typical Loans, and such a seller would sell such Typical Loans to such a buyer for that purpose, in a transaction in which no broker or other finder is involved and as to which neither such buyer nor such seller is under any actual or perceived compulsion to purchase or sell, respectively, such Typical Loans (such price is referred to as the "Offered Price"), and (iii) stating that such Typical Loans are being offered for sale to Buyer pursuant to such right of first offer.
2.2.2.2. Buyer and its agents, representative and designees may review and underwrite the loans identified in Seller's Offer Notice and Seller's servicing and origination operations, upon reasonable prior notice to Seller, and Seller shall cooperate with such review and underwriting to the extent Buyer or any such agents, representatives and designees request information or documents that are reasonably available and can be produced without unreasonable expense. Seller shall make the loan files related to those loans available at Seller's offices for review by Buyer and any such agents, representatives and designees during normal business hours upon reasonable prior notice to Seller, and Buyer may conduct property inspections (to the extent that Seller could do so), obtain appraisal recertification and otherwise underwrite the loans described in the Offer Notice and to reject any such loan that, in Buyer's opinion based on its reasonable business judgment is not a Typical Loan, or that it determines is an unacceptable investment based on customary practices in the indus...
Process to be followed. The process by which Seller is to offer to Buyer the Typical Loans to which the right of first offer described herein applies, and by which Buyer shall, if it chooses to do so, purchase some or all of such Typical Loans pursuant to such right of first offer, is as follows: 2.
2.2.1. When Seller has identified specific Typical Loans to which the right of first offer described in this Paragraph 2.2 shall apply, it shall give a written notice to Buyer (the "Offer Notice") (i) describing each of
