Remedial Obligations Sample Clauses

Remedial Obligations. CSC and Sears shall meet to review each audit report promptly after the issuance thereof. CSC shall respond to each audit report in writing within thirty (30) days from receipt of such report, unless a shorter response time is specified in such report. If any audit or inspection reveals that CSC has failed to comply with this Agreement, any generally accepted accounting principle or other audit requirement or any Law or standard (including SAS 70) relating to the performance of CSC’s obligations under this Agreement, CSC shall, at CSC’s sole cost and expense, remedy such failures as soon as reasonably practical, but in no event later than required by any auditing governmental body, standards organization or regulatory authority, as the case may be. In addition, if any audit or examination, including an internal CSC audit, reveals that CSC has overbilled Sears or if an audit reveals any breach of this Agreement, CSC shall promptly pay Sears: (a) the amount of such overbilling that Sears has paid (net of underbilling discovered by such audit), plus (b) interest at the Contract Rate per month accruing from *** CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION. 81 the original date the error was made until the date such credit is paid, plus (c) the reasonable costs and expenses of the audit incurred by Sears; provided, however, that CSC’s obligation under this clause (c) above shall not exceed one-half of the amount due under clause (a) above.
Sample 1
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Remedial Obligations. If Subscriber believes that there has been any violation of any of the restrictions on use of Airtime Services, Subscriber shall contact CAC immediately and provide: (a) the nature of the alleged violation, along with any supporting evidence; (b) the date and time of the alleged violation, including the time zone; and (c) the telephone number or IP address used to commit the alleged violation. Where a violation of the use of Airtime Service restrictions is found to have occurred, CAC shall have full and absolute discretion to determine the response that is appropriate in the circumstances, including (but not limited to) any one or more of the following actions: (a) issue a warning to the user; (b) remove any postings that violate the terms of this Agreement; (c) suspend newsgroup posting privileges; (d) suspend the Subscriber’s Services;
Sample 1
Remedial Obligations. There has been no contamination of, or releases into, groundwater, surface water or soil resulting from the operation of the PSC which requires reporting or remediation under applicable Environmental Laws (or would require such reporting or remediation, were all facts known to the Government). All hazardous substances and solid, liquid and gaseous wastes generated from the operation of the PSC have been handled and disposed of in accordance with applicable Environmental Laws.
Sample 1
Remedial Obligations. Lessee will take all reasonable steps and corrective actions to remedy any Hazardous Release caused by Lessee or its agents and shall bear all related Hazardous Materials Cleanup Liabilities. Lessor will take all reasonable steps and corrective actions to remedy any Hazardous Release by Lessor or its agents and shall bear all related Hazardous Materials Cleanup Liabilities. Lessor agrees that Lessee shall not be liable for any Hazardous Materials Cleanup Liabilities arising prior to the date of this Lease.
Sample 1

Related to Remedial Obligations

  • Other Material Obligations Default in the payment when due, or in the performance or observance of, any material obligation of, or condition agreed to by, any Loan Party with respect to any material purchase or lease of goods or services where such default, singly or in the aggregate with all other such defaults, might reasonably be expected to have a Material Adverse Effect.

  • Financial Obligations There will be no transfer of funds between the Parties under this Agreement and each Party will fund its own participation. All activities under or pursuant to this Agreement are subject to the availability of funds, and no provision of this Agreement shall be interpreted to require obligation or payment of funds in violation of the Anti-Deficiency Act, (31 U.S.C. § 1341).

  • ERISA Obligations All Employee Plans of the Borrower meet the minimum funding standards of Section 302 of ERISA and 412 of the Internal Revenue Code where applicable, and each such Employee Plan that is intended to be qualified within the meaning of Section 401 of the Internal Revenue Code of 1986 is qualified. No withdrawal liability has been incurred under any such Employee Plans and no “Reportable Event” or “Prohibited Transaction” (as such terms are defined in ERISA), has occurred with respect to any such Employee Plans, unless approved by the appropriate governmental agencies. The Borrower has promptly paid and discharged all obligations and liabilities arising under the Employee Retirement Income Security Act of 1974 (“ERISA”) of a character which if unpaid or unperformed might result in the imposition of a Lien against any of its properties or assets.

  • Obligations During the Employment Term, Executive will perform his duties faithfully and to the best of his ability and will devote his full business efforts and time to the Company. For the duration of the Employment Term, Executive agrees not to actively engage in any other employment, occupation or consulting activity for any direct or indirect remuneration without the prior approval of the Board.

  • Perform Obligations To perform promptly all of the obligations of Tenant set forth in this Lease; and to pay when due the Fixed Rent and Additional Rent and all charges, rates and other sums which by the terms of this Lease are to be paid by Tenant.

  • Additional Obligations of the Company The Company shall:

  • No Financial Obligation No provision of this Escrow Agreement shall require the Escrow Agent to risk or advance its own funds or otherwise incur any financial liability or potential financial liability in the performance of its duties or the exercise of its rights under this Escrow Agreement.

  • Additional Obligations The Company will use its best efforts to (a) register and qualify the Registrable Securities covered by a Registration Statement under such other securities or blue sky laws of such jurisdictions as each Investor who holds (or has the right to hold) Registrable Securities being offered reasonably requests, (b) prepare and file in those jurisdictions any amendments (including post-effective amendments) and supplements to such registrations and qualifications as may be necessary to maintain their effectiveness during the Registration Period, (c) take any other actions necessary to maintain such registrations and qualifications in effect at all times during the Registration Period, and (d) take any other actions reasonably necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions. Notwithstanding the foregoing, the Company is not required, in connection such obligations, to (i) qualify to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 3.4, (ii) subject itself to general taxation in any such jurisdiction, (iii) file a general consent to service of process in any such jurisdiction, (iv) provide any undertakings that cause material expense or burden to the Company, or (v) make any change in its charter or bylaws, which in each case the Board of Directors of the Company determines to be contrary to the best interests of the Company and its stockholders.

  • Legal Obligation this Agreement has been duly and validly authorized, executed and delivered by and constitutes a legal, valid, binding and enforceable obligation of the Subscriber;

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