Revocation of Licenses. In the event any bargaining unit member shall suffer a revocation of professional license because of violations of any Federal, State or local laws by the Employer, the Employer shall provide suitable and continued employment for the bargaining unit member at not less than his or her standard rate of pay at the time of revocation for the entire period of revocation, and the bargaining unit member shall be reinstated to the position held prior to revocation after the license is restored.
Revocation of Licenses. An act occurs which results in the suspension or revocation of the rights, powers, licenses, permits and authorities necessary for the conduct and operation of the business authorized herein for a period of more than thirty (30) days;
Revocation of Licenses. In the event the employees shall suffer a revocation of his license because of violation of any laws by the Employer, the Employer shall provide suitable and continued employment for such employee, at not less than his regular earnings at the time of revocation of license, for the entire period of revocation of license and shall be reinstated in the seniority he held prior to revocation of his license, after his license is restored.
Revocation of Licenses. An act occurs which results in the suspension or revocation of the rights, powers, licenses, permits and authorities necessary K.:RT/CDG/Concessions/Food&Beverage/Areas/T7-LAX-F&B 2017-02-27-Contract-T7-LAX-F&B-v3 for the conduct and operation of the business authorized herein for a period of more than thirty (30) days;
Revocation of Licenses. 3.1 PPI and the Assignee agree that the NV License and the PPI License are hereby revoked and of no further force and affect.
Revocation of Licenses. 12 2.4.4 Liability........................................................ 13 2.5
Revocation of Licenses. (a) If, as of the 15-month anniversary of the Closing Date, WVB or any WVB Affiliate shall have received notification from the Brazilian government of termination of the License with respect to any Channel because any action had not been taken or was not being taken, or because the WVB Affiliate was not in full compliance with all requirements of any law or regulation relating to such License, in each case on or prior to the Closing Date, the Indemnifying Founders shall upon notice given by the Surviving Corporation within 20 days following such 15-month anniversary (or, subject to Section 2.4.3(b), following the conclusion of any unsuccessful contest contemplated by Section 2.4.3(b)) within 10 days of such notice pay to the Surviving Corporation in cash the value of such Channel, as set forth on Exhibit 2.4, or transfer to the Surviving Corporation shares of Nextel Common Stock having the same value, based on the average of the closing prices of the Nextel Common Stock on the principal trading market on which such shares are traded for the 20 trading days prior to the date of transfer of such stock to Nextel. (b) Between the date hereof and the 15-month anniversary of the Closing Date, WVB shall provide to Nextel and the Indemnifying Founders copies of any correspondence with the Brazilian government relating to any claimed or possible violation of any law or regulation relating to telecommunications in Brazil (a "License Issue") and shall further provide all other material information from any party relating to any such License Issue. Immediately following the receipt of any information indicating that a License Issue exists, the Surviving Corporation shall form a two-person team to respond to such termination (the "Team") composed of a designee of Nextel (the "Nextel Representative") and a designee of Telcom (the "Founder Representative"); provided, however, that neither the Founder Representative nor the Nextel Representative nor any other Person acting on the behalf of either Nextel or Telcom or any of their Affiliates shall contact, directly or indirectly, any Brazilian official or governmental entity regarding such termination or any issue related to such termination without the written consent of the Representative of the other side, which consent shall not be unreasonably withheld. All reasonable expenses of the Team shall be borne equally except if the Indemnifying A-8 15 Founders are ultimately obligated to make a payment to WVB in respect of su...
Revocation of Licenses. Upon Default, the Lender may by Notice to the Borrower immediately terminate the Borrower’s licenses under either or both of Sections 4 and 5 of this Assignment, regardless of whether the Real Property or any other collateral adequately secures the Loan’s eventual repayment. Upon the termination of the Borrower’s license under Section 4, the Borrower shall immediately deliver to the Lender all Rents then in the Borrower’s possession, and all Rents then due or accruing thereafter shall be payable by tenants directly to the Lender. This Assignment shall constitute a direction to and full authority to any tenant of the Real Property, upon the Lender’s written request to pay all Rents to the Lender, without requiring the Lender to prove to the tenant the existence of Default. The Borrower agrees to deliver immediately to the Lender any Rents received by the Borrower after the revocation of the Borrower’s license under Section 4, and at the Lender’s written request, shall execute such further assignments to the Lender of any Lease as the Lender may in its sole judgment request. This Assignment is given in connection with the Loan and in support of the performance of the Borrower’s Obligations, and nothmg herein contained shall be construed as (a) constituting the Lender a “mortgagee-in-possession” of the Real Property or (b) an assumption by the Lender of the Borrower’s obligations as landlord under the Leases.
Revocation of Licenses. If a license, permit, consent, or authorization, whether governmental or from third parties, required by the Debtor, the Joint Guarantor, or any of the Guarantors under any Law or Contract applicable to enable the Debtor, the Joint Guarantor, or any of the Guarantors to fulfill the obligations undertaken under the Financing Documents, for the validity or enforceability of the Financing Documents, or for the conduct of its business is canceled, revoked, suspended, or adversely amended, and such cancellation, revocation, suspension, or amendment has or may reasonably be expected to have a Material Adverse Effect.
Revocation of Licenses. In the event of any action taken by the licensing agencies which would require the discipline, suspension or termination of employment of an employee, due to the revocation of his/her license or permit or otherwise, any such decision shall be subject to the review and dispute resolution provisions in the licensing and permitting regulations in effect at the time, which shall be the exclusive remedy for any claim arising therefrom. There shall be no grievance or arbitration proceedings pertaining to any such action. In the event that an employee elects to challenge or appeal any action taken by a licensing agency which would affect the employee’s employment status, the Union shall give notice of such challenge or appeal to the Agency. Upon receipt of such notice, the Agency shall place the employee on suspension pending the resolution of the appeal or challenge. If the appeal or challenge is sustained, such that the employee remains eligible for employment, he or she shall be returned to the position previously held, without back pay or benefits, but with no loss in seniority.
