Renegotiation of the IIBA Sample Clauses

Renegotiation of the IIBA. 15.6.1 This IIBA shall continue until it is terminated by the written consent of all Parties or until it is replaced by a new IIBA negotiated in accordance with section 15.6.2. 15.6.2 In accordance with section 8.4.7 of the NLCA, the Parties shall, unless otherwise agreed, renegotiate this IIBA after seven (7) years; negotiations shall commence at the beginning of year six (6). 15.6.3 The Parties shall review the IIBA Implementation Reports prepared pursuant to section 15.5.2, among other information sources, when determining whether renegotiation or amendment of the IIBA may be required. 1. Establishment and operation of ACMC's1 $131,000 $172,000 $346,000 $399,000 $492,000 $380,000 $1,920,000 3. Cultural Resource Inventories3 45,000 $140,000 $175,000 $140,000 $500,000
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Renegotiation of the IIBA. 15.6.1 This IIBA shall continue until it is terminated by the written consent of all Parties or until it is replaced by a new IIBA negotiated in accordance with section 15.6.2. 15.6.2 In accordance with section 8.4.7 of the NLCA, the Parties shall, unless otherwise agreed, renegotiate this IIBA after seven (7) years; negotiations shall commence at the beginning of year six (6). 15.6.3 The Parties shall review the IIBA Implementation Reports prepared pursuant to section 15.5.2, among other information sources, when determining whether renegotiation or amendment of the IIBA may be required. 1. Establishment and operation of ACMC's1 $131,000 $172,000 $346,000 $399,000 $492,000 $380,000 $1,920,000 2. CWS ACMC Sec't Support2 $4,000 $6,000 $12,000 $16,000 $19,000 $18,000 $75,000 3. Cultural Resource Inventories3 45,000 $140,000 $175,000 $140,000 $500,000 4. Interpretive Materials4 45,000 $140,000 $175,000 $140,000 $500,000 5. Tourism Providers Fund5 $250,000 $750,000 $1,000,000 $1,000,000 $500,000 $250,000 $250,000 $4,000,000 6. Student Initiatives6 $40,000 $40,000 $40,000 $40,000 $60,000 $60,000 $280,000 7. Inuit Field Assistants7 $55,000 $55,000 $55,000 $60,000 $85,000 $90,000 $400,000
Sample 1
Renegotiation of the IIBA. 15.7.1 This IIBA shall continue until it is terminated by the written consent of the Parties or until it is replaced by a new IIBA negotiated in accordance with section 15.7.2. 15.7.2 In accordance with section 8.4.7 of the NLCA, the Parties shall, unless otherwise agreed, renegotiate this IIBA after seven (7) years; negotiations shall commence at the beginning of year six (6). 15.7.3 The Parties shall review the IIBA implementation reports prepared pursuant to section 15.6.2, among other information sources, when determining whether renegotiation or amendment of the IIBA may be required. IIBA Implementation Funding Schedule Schedule 15-1 (Section 15.2.1) YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 TOTAL 1. ACMC Operation $350,000 $350,000 $350,000 $350,000 $200,000 $200,000 $200,000 $2,000,000 2. RIA Travel (for ACMCs) $25,000 $25,000 $25,000 $25,000 $20,000 $15,000 $15,000 $150,000 3. Cultural Resources $300,000 $300,000 $200,000 $150,000 $150,000 $150,000 $150,000 $1,400,000 Inventories 4. Interpretive Materials $57,142 $57,142 $57,142 $57,142 $57,142 $57,142 $57,148 $400,000 5. Inuit Tourism Providers $2,300,000 $300,000 $300,000 $300,000 $300,000 $300,000 $300,000 $4,100,000 Fundi 6. Inuit Secretariat Support $64,285 $64,285 $64,285 $64,285 $64,285 $64,285 $64,290 $450,000 7. Inuit Mentoring Programii $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $350,000 8. Inuit Field Research $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $350,000 Assistantsiii TOTAL $3,196,427 $1,196,427 $1,096,427 $1,046,427 $891,427 $886,427 $886,438 $9,200,000 i. The Parties agree that this funding is divided as follows: $2,100,000 for existing projects (Arviat, Gjoa Haven, Cape Dorset), and $2,000,000 for new projects.
Sample 1

Related to Renegotiation of the IIBA

  • Additional Conditions to Obligation of the Company The obligation of the Company to effect the Merger is also subject to the following conditions:

  • Conditions to Obligation of the Sellers The obligation of the Sellers to proceed with Closing and consummate the transactions to be performed by them in connection with the Closing is subject to satisfaction of the following conditions (any or all of which may be waived in writing by Sellers): (i) the representations and warranties of the Buyer and the Parent set forth in (S) 3B and (S) 4B above shall be true and correct in all material respects at and as of the Closing Date; (ii) the Buyer and the Parent shall have performed and complied with all of their covenants hereunder in all material respects through the Closing; (iii) no action, suit, or proceeding shall be pending or threatened before any court or quasi-judicial or administrative agency of any federal, state, local, or foreign jurisdiction or before any arbitrator wherein an unfavorable injunction, judgment, order, decree, ruling, or charge would (A) prevent consummation of any of the transactions contemplated by this Agreement, (B) cause any of the transactions contemplated by this Agreement to be rescinded following consummation, (C) affect adversely the right of the Sellers to own the Parent Shares, or (D) affect adversely in any material respect the right of the Buyer to own its assets and to operate its businesses (and no such injunction, judgment, order, decree, ruling, or charge shall be in effect); (iv) the Buyer and the Parent shall have delivered to the Seller certificates to the effect that each of the conditions specified above in (S) 6(B)(i)-(iii) is satisfied in all respects; (v) the Buyer and the Parent shall have delivered to the Seller certified resolutions of their respective Boards of Directors, authorizing the execution, delivery and performance of this Agreement and all documents, instruments and agreements contemplated herein to be executed by the Buyer and Parent, respectively; (vi) the Buyer shall have (a) obtained the full and final releases of Xxxxxxx'x guarantee of the CitiBank Debt or (b) paid in full the CitiBank Debt; (vii) the Buyer shall have received from Senior Lender approval to fund this transaction under its acquisition line; (viii) the Buyer shall have caused the Company to enter into the Xxxxxxx Employment Agreement; (ix) the Sellers shall have received from counsel to the Buyer an opinion in the form of EXHIBIT F-2 hereto and reasonably acceptable to both the Buyer and the Sellers, addressed to the Sellers, and dated as of the Closing Date containing such assumptions and qualifications as may be reasonably acceptable to the Seller's legal counsel; (x) the Buyer shall have entered into the Shareholders' Agreement and the Registration Rights Agreement on terms and conditions reasonably satisfactory to Sellers; (xi) the Buyer shall have entered into the Pledge Agreement with the Seller; and (xii) all actions to be taken by the Buyer in connection with consummation of the transactions contemplated hereby, and all certificates, opinions, instruments, and other documents required to effect the transactions contemplated hereby will be reasonably satisfactory in form and substance to the Seller.

  • Conditions to Obligation of the Buyer The obligation of the Buyer to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions: (i) the representations and warranties set forth in Section 3(a) above shall be true and correct in all material respects at and as of the Closing Date; (ii) the Seller shall have performed and complied with all of their covenants hereunder in all material respects through the Closing; (iii) there shall not be any injunction, judgment, order, decree, ruling, or charge in effect preventing consummation of any of the transactions contemplated by this Agreement; (iv) all necessary governmental, shareholder and third party consents and approvals in connection with the transactions contemplated by the Agreement shall have been obtained; (v) the Seller shall have delivered to the Buyer certificates executed by the responsible officer or the secretary of the Seller, as applicable, certifying (A) that each of the conditions specified in Section 9(a)(i)-(iv) are satisfied in all respects, (B) the resolution(s) of the Seller's board of directors authorizing the Seller's execution, delivery and performance of the Agreement and all matters in connection with the Agreement and transactions contemplated thereby, and (C) the incumbency of the officer of the Seller executing the Agreement and all other documents executed and delivered in connection therewith; (vi) the relevant parties shall have entered into the agreements in the forms set forth in (A) Exhibit G (Agreement Amending the Warrants), (B) Exhibit H (Assumption Agreement regarding the Warrants) and (C) Exhibit I (Agreement Amending Securities Purchase Agreement) and attached hereto and the same shall be in full force and effect; (vii) the Buyer shall have received: (A) from Hungarian Counsel of the Seller, a legal opinion in the form set forth in Exhibit L attached hereto, and dated as of the Closing Date, to the effect that (u) the Seller need not give any notice to, make any filing with, or obtain any authorization, consent, or approval of any government or governmental agency in order to consummate the transactions contemplated by this Agreement, or if such notice filing, authorization, consent or approval is needed, it has been gained or obtained, (v) any arbitration award in favor of the Buyer obtained pursuant to this Agreement would be valid and enforceable before a court of competent jurisdiction in Hungary and (x) the matters set forth in Section 3(a)(i) and the first and third sentences of Section 3(a)(ii) of the Agreement; and (B) from US Counsel to the Seller, an opinion in the form as may be attached hereto as Exhibit K, and dated as of the Closing Date (y) covering the matters set forth in the second sentence of Section 3(a)(ii) of the Agreement and (z) stating that no registration is required under the Securities Act to transfer the Shares, Unsecured Notes or the Warrants to Buyer in accordance with the Agreement; (viii) the Closing Arrangements set forth in Exhibit J attached hereto shall have been implemented in full to the Buyer's satisfaction; for the avoidance of doubt Seller acknowledges and agrees that unless and until the Closing Arrangements set forth in Exhibit J have been implemented as contemplated by this Section 9(a)(viii), Buyer shall have no obligation whatsoever to pay the Purchase Price; (ix) Since the date of the this Agreement, no event or events shall have occurred which have had or reasonably may be expected to have a Material Adverse Effect; (x) All actions to be taken by the Seller in connection with consummation of the transactions contemplated hereby and all certificates, opinions, instruments, and other documents required to effect the transactions contemplated hereby will be reasonably satisfactory in form and substance to the Buyer; and (xi) The Buyer shall have had the opportunity to conduct a reasonable investigation of the matters set forth in Schedule 3(a)(viii) of this Agreement and satisfy itself that no material commercial risk will be transferred with respect to the Shares, Unsecured Notes and Warrants as a result of the dispute described therein in the event that the Closing shall occur. The Buyer may waive any condition specified in this Section 9(a) if it executes a writing so stating at or prior to the Closing.

  • Conditions to Obligation of the Seller The obligation of the Seller to sell the Receivables to the Depositor is subject to the satisfaction of the following conditions:

  • Termination of the Contract 1. The Contractor may terminate the contract if the Partner has inadequately discharged or failed to discharge any of the contractual obligations, insofar as this is not due to force majeure, after notification of the Partner by registered letter has remained without effect for one month. 2. The Partner shall immediately notify the Contractor, supplying all relevant information, of any event likely to prejudice the performance of this contract.

  • Conditions to Obligation of the Company The obligation of the Company to effect the Merger is also subject to the satisfaction or waiver by the Company at or prior to the Effective Time of the following conditions:

  • Termination of the Lease The parties agree that the Management Agreement and the rights and benefits of Manager thereunder shall not be terminated or disturbed in any respect except in accordance with the terms of the Management Agreement, and not as a result of any termination of the Lease. Accordingly, if the Lease is terminated for any reason, including, without limitation, expiration of the term thereof or the "rejection" thereof following Bankruptcy (a) shall recognize Manager's rights under the Management Agreement, (b) agrees that Manager shall not be named as a party in any eviction or other possessory action or proceeding, and that Manager shall not be disturbed in its right to manage the Inn pursuant to the Management Agreement, and (c) shall at the time of or prior to such Lease Termination either (i) elect not to take either of the actions described in clause (c)(ii) below, in which case all of "Lessee's" rights, benefits, privileges and obligations under the Management Agreement with respect to periods after the Lease Termination shall be assumed directly by Lessor, or (ii) cause an "Approved Lessee" (as defined below) to (x) succeed to and assume Lessee's rights and obligations under the Lease, the Management Agreement, and this Agreement, or (y) enter into a new lease with Lessor in substantially the same form as the Lease, and assume the rights and obligations of the Lessee under the Management Agreement and this Agreement, the intent being that the relationship between any successor Lessee, Lessor and Manager be under the same terms and conditions as the relationship between Lessee, Lessor and Manager hereunder and under the Management Agreement and the Lease. Any successor to Lessee under clause (c)(ii) above shall be subject to Manager's prior written approval, which approval shall not be withheld or delayed if such successor to Lessee is (i) a direct or indirect wholly-owned subsidiary of Lessor, (ii) a person or entity to whom a Sale of the Inn is permitted under Section 10.02.A. of the Management Agreement, or (iii) a person or entity who otherwise is approved by Manager in its sole discretion (an "Approved Lessee").

  • Duration of the contract framework agreement or dynamic purchasing system II.2.10) Information about variants II.2.11) Information about options

  • Conditions Precedent to Obligation of the Company The obligation of the Company to effect the Exchange and otherwise consummate the transactions contemplated by this Agreement is subject to the satisfaction, at or prior to the Closing, of each of the following conditions:

  • Conclusion of the contract 1. An Agreement is deemed to be concluded with the Contractor only after the Principal accepts an offer by the Contractor without reservations or if the Principal receives a written order confirmation from the Contractor or if the Contractor commences the provision of the service. If the Contractor issues a written order confirmation, such order confirmation is decisive in terms of content and scope of the Agreement unless expressly negotiated otherwise. 2. Any and all arrangements between the Principal and Contractor regarding the performance of the Agreement are fully set forth in writing in this Agreement including these General Terms and Conditions. There are no verbal supplements.

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