Reversion of Operational Responsibility to Company Sample Clauses

Reversion of Operational Responsibility to Company. The Agency shall return operational responsibility for the Facilities to the Company following any exercise by the Agency of the Agency Step-in Rights reasonably promptly following the cure of the Company Event of Default that led to the exercise of the Agency Step-in Rights. The Agency shall return the Facilities to the Company in a physical condition no worse than the condition of the Facilities at the time the Agency assumed operational responsibility for the Facilities pursuant to such exercise of the Agency Step-in Rights, ordinary wear and tear excepted. The Agency shall not be responsible for or have any liability resulting from any condition of the Facilities or the Site that existed prior to such exercise of Agency Step-in Rights.
Sample 1
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Reversion of Operational Responsibility to Company. The LGU shall return operational responsibility for the Facilities to the Company following any exercise by the LGU of the LGU Step-in Rights (i) reasonably promptly following the cure of the Company Event of Default that led to the exercise of the LGU Step-in Rights, or (ii) at the sole discretion of the LGU, after fifteen (15) Days’ prior written notice to the Company stating that the LGU will return operational responsibility over the Facilities back to the Company. The LGU shall return the Facilities to the Company in a physical condition no worse than the condition of the Facilities at the time the LGU assumed operational responsibility for the Facilities pursuant to such exercise of the LGU Step-in Rights, ordinary wear and tear excepted. The LGU shall not be responsible for or have any liability resulting from any condition of the Facilities or the Site that existed prior to such exercise of LGU Step-in Rights.
Sample 1
Reversion of Operational Responsibility to Company. The Agency shall return operational responsibility for the New ICT Services and Facilities to the Company following any exercise by the Agency of the Agency Step-in Rights (i) reasonably promptly following the cure of the Company Event of Default that led to the exercise of the Agency Step-in Rights, or (ii) at the sole discretion of the Agency, after fifteen (15) Days’ prior written notice to the Company stating that the Agency will return operational responsibility over the New ICT Services and Facilities back to the Company. The Agency shall return the New ICT Services and Facilities to the Company in a physical condition no worse than the condition of the New ICT Services and Facilities at the time the Agency assumed operational responsibility for the New ICT Services and Facilities pursuant to such exercise of the Agency Step-in Rights, ordinary wear and tear excepted. The Agency shall not be responsible for or have any liability resulting from any condition of the New ICT Services and Facilities or the Site that existed prior to such exercise of Agency Step-in Rights.
Sample 1

Related to Reversion of Operational Responsibility to Company

  • Financial Responsibility You understand that you remain, solely and exclusively responsible for any and all financial risks, including, without limitation, insufficient funds associated with accessing the Service. The Credit Union shall not be liable in any manner for such risk unless Credit Union fails to follow the procedures described in materials for use of the service. You assume exclusive responsibility for the consequences of any instructions you give to the Credit Union, for your failures to access the Service properly in a manner prescribed by the Credit Union, and for your failure to supply accurate input information, including, without limitation, any information contained in an application.

  • PROFESSIONAL RESPONSIBILITY CLAUSE In the interest of safe patient care and safe nursing practice, the parties agree to the following problem solving process to address employee concerns relative to patient care including:

  • Contractor’s General Responsibilities The Contractor, regardless of any delegation or subcontract entered by the Contractor, shall be responsible for the following when providing information technology staff augmentation services:

  • Fiscal Responsibility It is understood and agreed that the total amount of the funds used under this Agreement shall be used only for the project as described in the application and award documentation. Therefore, should the project not be completed, the Subrecipient shall reimburse said funds directly to the AZDOHS immediately. If the project is completed at a lower cost than the original budget called for, the amount reimbursed to the Subrecipient shall be for only the amount of dollars actually spent by the Subrecipient in accordance with the approved application. For any funds received under this Agreement for which expenditure is disallowed by an audit exemption or otherwise by the AZDOHS, the State, or Federal government, the Subrecipient shall reimburse said funds directly to the AZDOHS immediately.

  • Financial Responsibilities Provider shall, at its sole expense:

  • General Responsibility The Consultant shall, at all times during the Agreement, remain responsible. The Consultant agrees, if requested by the Commissioner of NYSDOT or his or her designee, to present evidence of its continuing legal authority to do business in New York State, integrity, experience, ability, prior performance, and organizational and financial capacity.

  • Professional Responsibility (Article 8.01 applies to employees covered by an Ontario College under the Regulated Health Professions Act only.)

  • DIRECTORS’ RESPONSIBILITY STATEMENT The Directors collectively and individually accept full responsibility for the accuracy of the information given in this announcement and confirm after making all reasonable enquiries that, to the best of their knowledge and belief, this announcement constitutes full and true disclosure of all material facts about the Proposed Acquisition, the Company and its subsidiaries, and the Directors are not aware of any facts the omission of which would make any statement in this announcement misleading. Where information in this announcement has been extracted from published or otherwise publicly available sources or obtained from a named source, the sole responsibility of the Directors has been to ensure that such information has been accurately and correctly extracted from those sources and/or reproduced in this announcement in its proper form and context.

  • INSURANCE AND PROOF OF FINANCIAL RESPONSIBILITY Contractor understands and agrees that financial responsibility for claims or damages to any person, or to Contractor’s employees and agents, shall rest with the Contractor. Contractor and its subcontractors shall effect and maintain any insurance coverage, including, but not limited to, Workers’ Compensation, Employers’ Liability, General Liability, Contractual Liability, Automobile Liability and Umbrella Liability to support such financial obligations. The indemnification obligation, however, shall not be reduced in any way by existence or non-existence, limitation, amount or type of damages, compensation, or benefits payable under Workers’ Compensation laws or other insurance provisions. The minimum limits of insurance required of the Contractor by MPS shall be: Workers’ Compensation Statutory Limits Employers’ Liability $100,000 per occurrence General Liability $1,000,000 per occurrence/$2,000,000 aggregate Auto Liability $1,000,000 per occurrence Umbrella (excess) Liability $1,000,000 per occurrence The Milwaukee Board of School Directors shall be named as an additional insured under Contractor’s and subcontractors’ general liability insurance and umbrella liability insurance. Evidence of all required insurances of Contractor shall be submitted electronically to MPS via its third party vendor, EXIGIS Risk Management Services. Waivers and exceptions to the above limits will be in the sole discretion of MPS and shall be recorded in the EXIGIS system, which records are incorporated into this Contract by reference. The certificate of insurance or policies of insurance evidencing all coverages shall include a statement that MPS shall be afforded a thirty (30) day written notice of cancellation, non-renewal or material change by any of Contractor’s insurers providing the coverages required by MPS for the duration of this Contract.

  • MUTUAL RESPONSIBILITY 6.2.1 The Contractor shall afford the State and separate contractors reasonable opportunity for the introduction and storage of their materials and equipment and the execution of their work, and shall connect and coordinate his / her Work with the work of the State and separate contractors as required by the Contract Documents.

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