Replacement Policy. If a Credit Enhancer Default occurs or if the claims-paying ability rating of the Credit Enhancer is downgraded, the Depositor may substitute new surety bonds for the existing Policy so long as (i) the new rating of the Notes would be an improvement over their then current rating, (ii) the new surety bond will qualify as a "similar commercially available credit enhancement contract" within the meaning of Treas. Reg. ss. 1.1001-3(e)(4)(iv)(B), and (iii) the Rating Agency Condition is satisfied. No new credit enhancement may be substituted, however, unless the Indenture Trustee receives a legal opinion, acceptable in form and substance to the Indenture Trustee, from counsel to the provider of the new credit enhancement with respect to its enforceability and any other matters the Indenture Trustee reasonably requires. Within five Business Days after the Indenture Trustee takes physical possession of the new credit enhancement and the opinion of counsel, it will deliver the replaced Policy to the Credit Enhancer. Any other form of credit enhancement may also be substituted for the Policy after a Credit Enhancer Default or downgrade if the new rating of the Notes would be an improvement over their then current rating and the Indenture Trustee receives an Opinion of Counsel to the effect that the substitution will not be treated as a significant modification within the meaning of Treas. Reg. ss. 1.1001-3.
Replacement Policy. If a Credit Enhancer Default occurs, the Depositor may substitute new surety bonds for the existing Policy so long as (i) the new rating of the Notes would be an improvement over their then current rating, (ii) the new surety bond will qualify as a "similar commercially available credit enhancement contract" within the meaning of Treas. Reg. ss. 1.1001-3(e)(4)(iv)(B), and (iii) the Rating Agency Condition is satisfied. No new credit enhancement may be substituted, however, unless the Indenture Trustee receives a legal opinion, acceptable in form and substance to the Indenture Trustee, from counsel to the provider of the new credit enhancement with respect to its enforceability and any other matters the Indenture Trustee reasonably requires. Within five Business Days after the Indenture Trustee takes physical possession of the new credit enhancement and the opinion of counsel, it will deliver the replaced Policy to the Credit Enhancer. Any other form of credit enhancement may also be substituted for the Policy after a Credit Enhancer Default if the new rating of the Notes would be an improvement over their then current rating and the Indenture Trustee receives an Opinion of Counsel to the effect that the substitution will not be treated as a significant modification within the meaning of Treas. Reg. ss. 1.1001-3.
Replacement Policy. If the puppy does not pass the required examination, develops any genetic or hereditary disorders, or has undescended testicles within one year of purchase, it will be eligible for a replacement.
Replacement Policy. If a Credit Enhancer Default occurs the Depositor may substitute a new insurance policy for the existing Policy so long as (i) the new rating of the Notes would be an improvement over their then current rating, (ii) the new insurance policy will qualify as a "similar commercially available credit enhancement contract" within the meaning of Treas. Reg. ss. 1.1001-3(e)(4)(iv)(B), (iii) the Credit Enhancer shall have failed to cure such Credit Enhancer Default within 10 Business Days following its receipt of written notice of such Credit Enhancer Default, and (iv) the Rating Agency Condition is satisfied. No new credit enhancement may be substituted, however, unless the Indenture Trustee receives a legal opinion, acceptable in form and substance to the Indenture Trustee, from counsel to the provider of the new credit enhancement with respect to its enforceability and any other matters the Indenture Trustee reasonably requires. Within five Business Days after the Indenture Trustee takes physical possession of the new credit enhancement and the opinion of counsel, it will deliver the replaced Policy to the Credit Enhancer. Any other form of credit enhancement may also be substituted for the Policy after a Credit Enhancer Default if the new rating of the Notes would be an improvement over their then current rating and the Indenture Trustee receives an Opinion of Counsel to the effect that the substitution will not be treated as a significant modification within the meaning of Treas. Reg. ss. 1.1001-3 and provided that the requirements of clauses (iii) and (iv) are met. Notwithstanding the foregoing, the substitution of new credit enhancement shall not affect the rights of the Credit Enhancer to receive payments of any amounts due to it or reimbursement for any draws made on the Policy or any other amounts owed to the Credit Enhancer, in each case pursuant to this Indenture and the Insurance Agreement.
Replacement Policy. Upon fulfillment of all the conditions listed herein, subject and limited to the terms of this Agreement, if the initial Candidate leaves Client’s employment or other engagement with Client within 30 days from the initial Candidate’s first day of employment or other engagement with Client, PNN will, at its sole discretion, either (1) make reasonable efforts according to applicable law to provide additional referrals for a maximum of one replacement Candidate to Client or (2) refund 70% of the paid Referral Fee to Client. Upon fulfillment of all the conditions listed herein, subject and limited to the terms of this Agreement, for Long-Term placements only, if the initial Candidate leaves Client’s employment or other engagement with Client between 31 and 90 days for the Essential Level or 31 and 180 days for the Premium and Platinum Level, from the initial Candidate’s first day of employment or other engagement with Client, PNN will make reasonable efforts according to applicable law to provide additional referrals for a maximum of one replacement Candidate to Client for the remaining months of Candidate’s employment agreement. For referrals for additional months, current fees will apply. PNN’s obligation to either refund a portion of the Referral Fee or refer a replacement Candidate is expressly conditioned on Client’s (1) satisfaction of all of his or her obligations under this Agreement, including but not limited to payment of all PNN’s fees and charges in a timely manner; (2) notification to PNN within 48 hours of the Candidate’s resignation or termination of employment or other engagement; (3) abiding by all applicable laws and regulations; (4) not materially changing the Candidate’s job duties or job description or job location; and (5) not engaging in any acts of harassment, abuse, or moral turpitude with a Candidate. Determining compliance with these conditions is in the sole and absolute discretion of PNN as allowed by law. If Client fails to satisfy all of these aforementioned conditions, PNN shall have no further obligations to Client. For Long Term service, PNN’s obligation to refer a replacement Candidate shall not apply if the Candidate gives Client notice of her or his intention to terminate her or his employment with Client at the end of the 365th day of the employment period or any time thereafter.
Replacement Policy. If the candidate placed with Client voluntarily terminates his/her employment or is terminated for cause within sixty (60) days from the candidate’s start date, ESES will offer a replacement courtesy for that candidate. ESES does not guarantee a replacement will be provided as it is contingent on candidate availability. However, the replacement policy is contingent upon full payment of the direct hire fee by Client within thirty (30) days of invoice.
Replacement Policy. In the interest of fiscal responsibility, uniforms will not be replaced strictly on a time schedule, but on proof of wear. Work boots will be replaced on a minimum interval schedule of once per year. Winter outerwear will be replaced on a minimum interval of once per three years. Once these milestones are achieved, an employee may request replacement on the basis of excessive wear and true need. Determination of excessive wear and the need for replacement will be at the discretion of the Public Works Director, or his/her designee and will always be based on common reasonability. Old uniform items which have been replaced must be returned to the Village. Employees are encouraged to keep one extra set of winter gear and safety shoes in their locker in case they forget to bring such equipment to work. VILLAGE OF XXXXXXX
Replacement Policy. In the event of a Credit Enhancer Default or if the claims paying ability rating of the Credit Enhancer is downgraded and such downgrade results in a downgrading of the then current rating of the Investor Certificates (in each case, a "Replacement Event"), the Depositor may, in accordance with and upon satisfaction of the conditions set forth in the Policy, including, without limitation, payment in full of all amounts owed to the Credit Enhancer, but shall not be required to, substitute a new surety bond or surety bonds for the existing Policy, provided, however, that in each case the Investor Certificates shall be rated no lower than the rating assigned by each Rating Agency to the Investor Certificates immediately prior to such Replacement Event and that such new surety bond will qualify as a "similar commercially available credit enhancement contract" within the meaning of Treas. Reg. Section 1.1001-3(e)(4)(iv)(B). It shall be a condition to substitution of any new credit enhancement that there be delivered to the Trustee a legal opinion, acceptable in form and substance to the Trustee, from counsel to the provider of such new credit enhancement with respect to the enforceability thereof and such other matters as the Trustee may require. Upon receipt of the items referred to above and the taking of physical possession of the new credit enhancement, the Trustee shall, within five Business Days following receipt of such items and such taking of physical possession, deliver the replaced Policy to the Credit Enhancer. Any other form of credit enhancement may also be substituted for the Policy upon the occurrence of a Replacement Event, provided, however, that the Trustee receives an Opinion of Counsel to the effect that such substitution will not be treated as a significant modification within the meaning of Treas. Reg. Section 1.1001-3.
Replacement Policy. A. For the duration of the Agreement, the Employer will provide each sworn employee a six hundred twenty-five dollars ($625.00) per year for uniform replacements.
B. For the duration of this agreement, those sworn members assigned to the SRT will receive up to a maximum of eight hundred dollars ($800.00) for uniform replacements.
Replacement Policy. A. For the duration of the Agreement, the Employer will provide each sworn employee up to a maximum of six hundred twenty five dollars ($625.00) per year for uniform replacements.
B. For the duration of this agreement, those sworn members assigned to the SRT will receive up to a maximum of eight hundred dollars ($800.00) for uniform replacements.
C. Uniforms for sworn and non-sworn employees will be replaced as needed at the discretion of the Sheriff. All old uniforms and equipment no longer in use due to replacement, damage, excessive use, separation from employment, or similar cause shall be returned to the Sheriff’s Office for proper disposal.
