Reversions. An Asset is subject to reduction by the exercise by a third-party of a reversionary, back-in, or other similar right not reflected on Exhibit “A” or Exhibit “B” or not reflected in any materials received by Buyer prior to the date hereof.
Reversions. If a bargaining unit member reverts, for any reason, to a lower classification, that member’s classification seniority shall be determined by the date of his/her original permanent appointment to that lower classification.
Reversions. Without limiting the obligation of the Company under Section 8.01(c) hereof, upon any Reversion the Company shall prepay the Loans (and/or provide cover for Letter of Credit Liabilities as specified in clause (f) below), and the Commitments shall be subject to automatic reduction, in an aggregate amount equal to 75% of the Net Available Proceeds thereof, such prepayment and reduction to be effected in each case in the manner and to the extent specified in clause (e) of this Section 2.10.
Reversions. An employee who has been demoted by administrative action or who voluntarily steps down while under investigation shall be considered as a probationary employee and must successfully complete a probationary period of one (1) year. The employee’s Department seniority will remain the same and his Time in Position seniority will be adjusted back to the seniority the employee had just prior to his promotion.
Reversions. In instances where a permanent employee is appointed to temporarily act in a managerial position for a period of 12 months or less, and such employee is then reverted back to their former job within the scope of this Agreement, no posting shall be required to complete such reversion.
Reversions. An Interest is subject to reduction by the exercise by a third party of a reversionary, back-in, or other similar right not reflected in Schedule 4.1 or not reflected in any materials received by Buyer prior to the date hereof.
Reversions. Except as provided below and otherwise specifically permitted by law, no Plan assets may revert to the Employer or be used for any purposes other than the exclusive benefit of Participants and their Beneficiaries.
Reversions. Is not subject to reduction by the exercise by a third-party of a reversionary, back-in, or other similar right not reflected on Exhibit “C”.
Reversions. An Asset is subject to reduction by the exercise by a third-party of a reversionary, back-in, or other similar right not reflected on Exhibit “C” or not reflected in any materials received by Buyer prior to the date hereof. provided, however, that no Title Defect may be asserted by Buyer with respect to any Asset operated or to be operated by Buyer or its Affiliates where Buyer (1) as of the Execution Date of this Agreement is in possession of an attorney’s title opinion covering such Asset, and (2) the net acres of such Asset, as of the last day of the Due Diligence Period, as represented by Seller equal the number of net acres for such Asset as set forth in said title opinion in Buyer’s possession covering such Asset.
Reversions a. The release of an employee from the employee’s present classification to the employee’s former classification during the probationary period is not considered a demotion, if it is considered a reversion.
