Site Separation Requirements Sample Clauses

Site Separation Requirements. The parties acknowledge and agree that the Newco Business includes only portions of the operations conducted at the Weyerhaeuser Canada facilities located in Kamloops, British Columbia. Weyerhaeuser will use reasonable best efforts to (i) secure any Governmental Approvals required for separation of these operations from the other operations conducted at these facilities as set forth on Schedule 6.05 of the Contribution and Distribution Agreement, subject to such modifications as may be required or requested by Governmental Entities, and (ii) accomplish the subdivision, in accordance with the Governmental Approvals, so as to be able to convey the fee interests in such subdivided portions to Exchangeco Subsidiary. In addition, with respect to each such portion, the subdivision of which shall have been accomplished by the Closing Date, to the extent that Schedule 6.05 of the Contribution and Distribution Agreement provides for easements and/or operating agreements to be entered into in connection with the separation of the operations described in this Section 7.07, Weyerhaeuser Canada and Exchangeco Subsidiary will execute and deliver such agreements on the Closing Date. Notwithstanding the foregoing, to the extent that Weyerhaeuser Canada has not accomplished the subdivision required for the conveyance of fee interests in the applicable portions of one or more of these facilities to Exchangeco Subsidiary on the Closing Date, (a) Weyerhaeuser Canada and Exchangeco Subsidiary, on the Closing Date, will enter into interim net leases, under the terms set forth in Schedule 6.05 of the Contribution and Distribution Agreement, leasing to Exchangeco Subsidiary the applicable portions of each of such facilities for which the subdivision has not been accomplished by the Closing Date, pending the obtaining of such Governmental Approvals, it being the parties’ intent that the conveyance of the fee interest of the premises demised under each of such leases to Exchangeco Subsidiary (with such modifications as may be required by the Governmental Entities in granting such Governmental Approvals) shall occur promptly after the accomplishment of the applicable subdivision, and (b) to the extent that Schedule 6.05 of the Contribution and Distribution Agreement provides for easements and/or operating agreements to be entered into in connection with the separation of the operations at such facilities, Weyerhaeuser Canada and Exchangeco Subsidiary shall, in lieu of causing such a...
Sample 1
AutoNDA by SimpleDocs

Related to Site Separation Requirements

  • Notification Requirements The Borrowers shall timely give to the Agent and each of the Lenders the following notices:

  • Construction Requirements a) All Life and Safety and applicable Building Codes will be strictly enforced (i.e., tempered glass, fire dampers, exit signs, smoke detectors, alarms, etc.). Prior coordination with the Building Manager is required.

  • Director Notification Requirement If you are a director, associate director or shadow director of a Singapore company, you are subject to certain notification requirements under the Singapore Companies Act. Among these requirements, you must notify the Singapore subsidiary in writing within two business days of any of the following events: (i) you receive or dispose of an interest (e.g., RSUs or shares of Common Stock) in the Company or any subsidiary of the Company, (ii) any change in a previously-disclosed interest (e.g., forfeiture of RSUs and the sale of shares of Common Stock), or (iii) becoming a director, associate director or a shadow director if you hold such an interest at that time.

  • Additional Termination Requirements ARTICLE X

  • Encryption Requirements Transfer Agent will not locally store Fund Data on any laptops or mobile devices (e.g., Blackberries, PDAs) managed by Transfer Agent.

  • Information Requirements (a) The Company covenants that, if at any time before the end of the Effectiveness Period the Company is not subject to the reporting requirements of the Exchange Act, it will cooperate with any Holder of Registrable Securities and take such further reasonable action as any Holder of Registrable Securities may reasonably request in writing (including, without limitation, making such reasonable representations as any such Holder may reasonably request), all to the extent required from time to time to enable such Holder to sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by Rule 144 and Rule 144A under the Securities Act and customarily taken in connection with sales pursuant to such exemptions. Upon the written request of any Holder of Registrable Securities, the Company shall deliver to such Holder a written statement as to whether it has complied with such filing requirements, unless such a statement has been included in the Company's most recent report filed pursuant to Section 13 or Section 15(d) of Exchange Act. Notwithstanding the foregoing, nothing in this Section 7 shall be deemed to require the Company to register any of its securities (other than the Common Stock) under any section of the Exchange Act.

  • Assumption Requirements Any Assumption permitted under this Agreement shall be performed in accordance with Prudent Servicing Practices. In connection with an Assumption of an assumable Mortgage Loan, the Servicer shall process such Assumption as provided for in the Mortgage Note or the Mortgage Note Assumption Rider and shall verify that:

  • Notification Requirement Through and up to the conclusion of the Non-Competition Period, Executive shall give notice to the Company of each new business activity he plans to undertake, at least seven (7) days prior to beginning any such activity. Such notice shall state the name and address of the Person for whom such activity is undertaken and the nature of Executive’s business relationship(s) and position(s) with such Person.

  • Distribution Requirements Subject to the Alternative Election or Spouse Beneficiary provisions below,

  • Satisfaction Requirement If any agreement, certificate or other writing, or any action taken or to be taken, is by the terms of this Agreement required to be satisfactory to any Purchaser, to any holder of Notes or to the Required Holder(s), the determination of such satisfaction shall be made by such Purchaser, such holder or the Required Holder(s), as the case may be, in the sole and exclusive judgment (exercised in good faith) of the Person or Persons making such determination.

Time is Money Join Law Insider Premium to draft better contracts faster.