SEPARATION OF OPERATIONS Sample Clauses

SEPARATION OF OPERATIONS. 1. The ordinary capital resources of the Bank shall at all times and in all respects be held, used, committed, invested or otherwise disposed of, entirely separate from special funds resources. Each special fund, its resources and accounts shall be kept entirely separate from other special funds, their resources and accounts.
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SEPARATION OF OPERATIONS. The covenants in clauses 18.1 and 18.2 may be waived by auDA in writing if auDA considers that:
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SEPARATION OF OPERATIONS. The covenants in clauses 25.1 and 25.2 may be waived by xxXX in writing if xxXX considers (in its sole discretion) that:
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SEPARATION OF OPERATIONS. Continental and United will keep their flight operations separate until the Operational Merger Date, or except as the Parties otherwise agree, specifically as follows:
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SEPARATION OF OPERATIONS. It is agreed that during the term of this Agreement, the Servicer shall maintain all information, premium funds, files, bank accounts and all other data relating to the Keep Policies separate and apart from any other business or operations of Servicer and the Servicer shall not under any circumstance allow any commingling of funds relating to the Keep Policies with any other funds whatsoever.
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SEPARATION OF OPERATIONS. The Division, which shall not be a separate legal entity, shall be operated in a manner that is, to the extent practicable or otherwise required hereunder, internally separate and distinct from the general servicing and subservicing business of Nationstar, it being understood that, unless otherwise provided herein, Nationstar will provide the Corporate Services and Subsidiary Servicing Functions. The Division shall be staffed with Dedicated Employees to perform the functions detailed in Section 1.3.1 and maintain separate financial records so as to enable Nationstar to comply with its obligations under this Agreement.
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SEPARATION OF OPERATIONS. The operations related to the production of Products for Avanex will not be accessible or capable of being observed by any individual touring the Facility, other than Fabrinet’s security forces. Fabrinet will not allow any individual employed or otherwise associated with any Avanex Competitor to tour or otherwise observe the operations at the Facility related to the product of Products for Avanex. The “operations related to the production of Products” shall include, without limitation, raw material storage and inventory management, manufacturing processes, equipment operation, and measurement and testing methodologies and processes.
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SEPARATION OF OPERATIONS. 1. The ordinary capital resources and the Special Funds resources of the Bank shall at all times and in all respects be held, used, committed, invested or otherwise disposed of entirely separately from each other. The financial statements of the Bank shall show the reserves of the Bank, together with its ordinary operations and, separately, its special operations. 2. The ordinary capital resources of the Bank shall, under no circumstances, by charged with, or used to discharge, losses or liabilities arising out of special operations or other activities for which Special Funds resources were originally used or committed. 3. Expenses appertaining directly to ordinary operations shall be charged to the ordinary capital resources of the Bank. Expenses appertaining directly to the special operations shall be charged to Special Funds resources. Any other expenses shall, subject to paragraph 1 of Article 18 of this Agreement, be charged as the Bank shall determine. Article 11.
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Related to SEPARATION OF OPERATIONS

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

  • Statement of Operations d. Statement of Changes in Net Assets.

  • Continuity of Operations (1) Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • Hours of Operation Tenant will carry on its business diligently and continuously in the Premises and will keep the Premises open for business not less than sixteen (16) consecutive hours each day seven (7) days per week, including holidays. Director or his/her representative may, from time to time, change such required hours of operation, in which event, Tenant will remain open during such revised hours. Similarly, Tenant may, from time to time, request to revise its hours of operation. Such change must be approved by Director or his/her representative, in writing, prior to its occurrence. Tenant may not, at any time, vacate or abandon the Premises.

  • Maintenance of Operations The Company shall maintain operations at the Project for a minimum of ten (10) years beginning on the date the Project is Placed in Service. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including:

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