Reclamation of Open Channels Sample Clauses

Reclamation of Open Channels. If an Open Channel becomes available, whether as a result of discontinuance of any Program Service, termination of a Carriage Agreement relating to a Program Service, technical innovations which result in the availability of new Channels, or otherwise, the Company's Chief Executive Officer shall notify the Programming Parties in writing of such availability. Upon receipt of such notice, each Programming Party that has not used all of its Reserved Channels shall have the right to reclaim the unused Open Channel as a Reserved Channel in order or accommodate a Program Service not then carried by the Company's DTH System. In order to so reclaim an Open Channel, a Programming Party must deliver a written notice (a "Reclamation Notice") to the Company identifying the Open Channel it wishes to reclaim and setting forth a reasonably detailed description of the new Program Service which it or an Affiliated Program Provider wishes to offer on the Open Channel. Upon receipt of a Reclamation Notice, the Company's Chief Executive Officer shall forward copies of it to each other Programming Party who shall have 45 days from delivery to notify the Company and the other Programming Parties in writing whether such Programming Party also wishes to reclaim the Open Channel and, if so, setting forth a reasonably detailed description of the Program Service it wishes to offer on the Open Channel. If no other Programming Parties respond within such 45-day period, the Programming Party that delivered the Reclamation Notice may reclaim the Open Channel as an Active Channel at the end of such 45-day period. If any other Programming Party that has not used all of its Reserved Channels notifies the Company in writing within the 45-day period that it also wishes to reclaim the Open Channel, the Programming Committee will award the Open Channel (i) to the Programming Party with the lowest ratio of Active Channels to Reserved Channels or (ii) if the foregoing ratios are the same, the Programming Committee shall make a determination, which shall be final and binding on the Programming Parties, based on the Programming Committee's good faith judgment as to which Program Service would provide the Company with the best overall package for subscribers.
AutoNDA by SimpleDocs

Related to Reclamation of Open Channels

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

  • TRANSFER OF OPERATIONS Purchaser shall be entitled to immediate possession of, and to exercise all rights arising under, the Assets from and after the time that the Restaurants open for business on the Closing Date, and operation of the Restaurants shall transfer at such time (the "Effective Time"). Except as expressly provided in this Agreement, all profits, losses, liabilities, claims, or injuries arising before the Effective Time shall be solely to the benefit or the risk of Seller. All such occurrences after the Effective Time shall be solely to the benefit or the risk of Purchaser. The risk of loss or damage by fire, storm, flood, theft, or other casualty or cause shall be in all respects upon Seller prior to the Effective Time and upon the Purchaser thereafter.

  • List of Operator’s Subprocessors [Box 26] [Box 27] [Box 28] [Box 29]

  • Control of Operations Without in any way limiting any party’s rights or obligations under this Agreement, the parties understand and agree that (a) nothing contained in this Agreement shall give Parent or the Company, directly or indirectly, the right to control or direct the other party’s operations prior to the Effective Time and (b) prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.

  • Continuity of Operations 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.

  • SUSPENSION OF OPERATIONS Concessionaire shall, at the direction of Department, immediately suspend, delay or interrupt Concessionaire’s operation of all or any part of the Concession Premises for such period of time as Department may determine to be appropriate to protect the Concession Premises and/or public health, safety, and welfare due to the occurrence of hazardous work conditions, emergency conditions, and/or any other cause including, but not limited to, Concessionaire's failure to perform any of the covenants, agreements, and conditions contained in this Agreement on its part to be performed. Concessionaire hereby waives any claim, and Department shall not be liable to any party claiming through Concessionaire, for damages, payment abatement, or compensation as a result of Department's actions under this Paragraph or this Agreement. Department's suspension of Concessionaire's operations shall be in addition to any other right or remedy available by law or in equity.

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts

  • Commencement of Operations The Partnership shall not begin operations on its Leases unless the Managing General Partner is satisfied that necessary title requirements have been satisfied.

  • Statement of Operations Statement of Changes in Net Assets.

  • Change of Operations Uniforms To: Members of Local Union 295 Dear Brothers and Sisters: As you know, we have a tentative agreement for the UPS Cartage Services, Inc. Supplemental Agreement. Article 2 of the re-negoti- ated CSI Supplement outlines the National Master UPS Agreement (NMA) Articles that may be applied to your Addendum. You will note that several NMA articles are not applicable. These are sub- jects that are either addressed in the CSI Supplement or are not op- erationally applicable to CSI. Where there are two provisions covering the same subject, one in the Local Addendum and one in the National Master UPS Agree- ment, the following provisions of the National Master UPS Agree- ment shall apply:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!