Restricted Licenses Sample Clauses

Restricted Licenses. (a) All employees in possession of a valid Class "B" or "C" license, upon ratification of this Agreement shall be required to hold and maintain such license during the course of their employment with the Commission. All new hirees shall be required to hold and maintain a valid Class "C" license and Spareboard Operators shall be required to upgrade to a Class "B" license at the request of Management. Renewal of licenses will be done by our trained Driving Instructor upon request, scheduled by the Safety and Training Instructor and on the employee_s own time. Employees will continue to pay for and process their license and any required documentation with the Ministry of Transportation. Exception: Maintenance employees may be exempted from this requirement should they be unable to hold a Class _B_ or "C" license for medical reasons. Any Maintenance employee who requests to have their license downgraded to a 'D' Classification will be required to do so in writing to the Superintendent of Maintenance. Further, should these employees request or require the reinstatement of a 'C' Classification license other than as the result of a layoff from Maintenance to the Transportation Department, it would be done at their sole expense. (b) An employee shall be granted one (1) Leave of Absence of up to twelve (12) months without benefits for suspension of a classified driver's license. This privilege shall apply once every four

Restricted Licenses. (a) Notwithstanding any restrictions on transfers or encumbrances set forth in any Specified Intercompany Agreement, each of Borrower and U.K. OpCo intend for the Specified Intercompany Agreements to not constitute a Restricted License and, in connection therewith, hereby consent to the grant of a security interest in favor of the Agent in such other Person’s interests under each Specified Intercompany Agreement. Furthermore, each of Borrower and U.K. OpCo consent to the assignment by such other Person of its interests under each Specified Intercompany Agreement to the Agent or any designee in connection with any exercise of remedies permitted under the Loan Documents. (b) Each Credit Party hereby agrees that, following the Closing Date, it will not enter into, and shall not permit its Subsidiaries to enter into, as licensor any license agreement with any other Credit Party or a Subsidiary of a Credit Party as licensee, which prohibits or otherwise restricts the licensee from granting a security interest to the Agent in such licensee’s interest in such license agreement in a manner enforceable under Requirements of Law, except to the extent the licensor of such license is otherwise prohibited from permitting such security interest.

Restricted Licenses. (a) All employees in possession of a valid Class "B" or "C" license, upon ratification of this Agreement shall be required to hold and maintain such license during the course of their employment with the Commission. All new hires shall be required to hold and maintain a valid "BZ" license. Renewal of licenses will be scheduled and performed by the Commission’s Driver Certification Program’s Signing Authority upon request and on the employee’s own time. Employees will continue to pay for and process their license and any required documentation with the Ministry of Transportation. Exception: Maintenance employees may be exempted from this requirement should they be unable to hold a Class "B" or "C" license for medical reasons. Any Maintenance employee who requests to have their license downgraded to a 'D' Classification will be required to do so in writing to the Manager of Maintenance. Further, should these employees request or require the reinstatement of a 'C' Classification license other than as the result of a layoff from Maintenance to the Transportation Department, it would be done at their sole expense. (b) An employee shall be granted one (1) Leave of Absence of up to twelve (12) months without benefits for suspension of a classified driver's license. This privilege shall apply once every four (4) years. (c) Any employee who loses his/her Class "BZ" or "CZ" license or has his/her Class "BZ" or "CZ" license downgraded, for other than medical reasons, shall be allowed one (1) Leave of Absence of up to twenty four (24) months. Employees will be allowed this leave or any part of it once.

Restricted Licenses. All employees in possession of a valid Class or license, upon ratification of this Agreement shall be required to hold and maintain such license during the course of their employment with the Commission. All new shall be required to hold and maintain a valid Class license and Spareboard Operators shall be required to upgrade to a Class license at the request of Management. Exception: Maintenance employees may be exempted from this requirement should they be unable to hold a Class or license for medical reasons. Any Maintenance employee who requests to have their license downgraded to a Classification be required to do so in writing to the Superintendent of Maintenance. Further, should these employees request or require the reinstatement of a Classification license other than as the result of a layoff from Maintenance to the Transportation Department, it would be done at their sole expense. An employee shall be granted one Leave of Absence of up to twelve (12) months without benefits for suspension of a classified driver's license. This privilege shall apply once every four (4) years. Any employee who loses his Class or license or has his Class or license downgraded, for other than medical reasons, shall be allowed one (1) Leave of Absence of up to twelve (12) months. Employees will be allowed this leave or any part of it once every four (4) years. Employees who lose time by reason of being required in a case in which the Commission is involved, to attend Court or Coroner's Inquest, or to appear as a witness, shall be paid for time so lost. If no time lost, they shall be paid for actual time held, with a of two (2) hours at the regular rate. The necessary actual expenses when away Home Terminal shall be allowed on production of receipts. Any fees or mileage accruing shall be to the Commission. If any employee is charged under The Traffic Act, City By-laws or Criminal Code, and found guilty, they shall not be paid. Jury Duty The cheque received by the employee from the Court for jury duty or for acting as a subpoenaed witness shall be endorsed by the employee and given to the Commission. The employee's normal wages including any shift premium shall be paid for jury duty or as a subpoenaed witness. If the Court cheque which is given to the Commission includes expenses, the Commission will reimburse the employee for the said

Restricted Licenses. All employees in possession of a valid Class or license, upon ratification of this Agreement shall be required to hold and maintain such license during the course of their employment with the Commission. All new shall be required to hold and maintain a valid license. Renewal of licenses will be done by our trained Driving Instructor upon request, scheduled by the Safety and Training Instructor and on the own time. Employees will continue to pay for and process their license and any required documentation with the Ministry of Transportation. Exception: Maintenance employees may be exempted from this requirement should they be unable to hold a Class or license for medical reasons. Any Maintenance employee who requests to have their license downgraded to a Classification will be required to do so in writing to the Manager of Maintenance. Further, should these employees request or require the reinstatement of a Classification license other than as the result of a layoff from Maintenance to the Transportation Department, it would be done at their sole expense. An employee shall be granted one (1) Leave of Absence of up to twelve (12) months without benefits for suspension of a classified driver's license. This privilege shall apply once every four (4) years. Any employee who loses his Class or license or has his Class or license downgraded, for other than medical reasons, shall be allowed one (1)Leave of Absence of up to twenty four (24) months. Employees will be allowed this leave or any part of it once.

Restricted Licenses. Borrower shall not enter into any Restricted License without the prior written consent of Agent, which shall not be unreasonably withheld. For any Restricted License entered into with Agent’s consent: (i) Borrower shall use commercially reasonable efforts to obtain the consent of the licensor to the collateral assignment of such Restricted License to Agent, for the benefit of the Lenders; (ii) if such consent cannot be obtained, Borrower shall use commercially reasonable efforts to obtain the licensor’s agreement to a contingent assignment of such Restricted License to Agent, for the benefit of the Lenders, such assignment to become effective upon the occurrence of an Event of Default; (iii) if neither (i) nor (ii) can be obtained, Borrower shall provide Agent with written notice of such Restricted License within 5 business days of entering into such license, including a summary of key terms; (iv) Borrower shall not terminate, amend, or modify any Restricted License in a manner adverse to the Agent and/or Lenders without Agent’s prior written consent; and (v) upon the occurrence of an Event of Default, Borrower shall use its best efforts to obtain any consent or waiver necessary to enable Agent to exercise its rights and remedies with respect to the Restricted License. Agent and L▇▇▇▇▇▇ acknowledge that their security interest in any Restricted License is subject to the terms of such license and the rights of the licensor thereunder. For the avoidance of doubt, nothing in this clause 5.2(d) shall be construed to limit the ability of Borrower to enter into commercial licensing transactions with one or more third parties on market-rate terms.

Restricted Licenses. Notwithstanding any restrictions on transfers or encumbrances set forth in any Specified Intercompany Agreement, each of Parent and U.K. OpCo intend for the Specified Intercompany Agreements to not constitute a Restricted License and, in connection therewith, hereby consent to the grant of a security interest in favor of the Agent in such other Person’s interests under each Specified Intercompany Agreement. Furthermore, each of Parent and U.K. OpCo consent to the assignment by such other Person of its interests under each Specified Intercompany Agreement to the Agent or any designee in connection with any exercise of remedies permitted under the Loan Documents.