Specific Policies. The following supplement the description in the NAM for certain items included in the Novartis Group Statement of Net Assets:
Specific Policies a. All exhibitors must adhere to all rules and regulations pertaining to displays and product as outlined in IAAPA Booth Specifications and diagrams.
i. Height restrictions of 2.5m will apply to all linear exhibit space that is three (3) meters deep as per IAAPA’s rules and regulations.
b. Exhibit activity or soliciting by any non-exhibiting firm or person on the trade show floor and/or on any property under the supervision or under the contract of the Association during the trade show is strictly prohibited.
c. Exhibitor agrees to keep exhibit properly staffed and intact during show hours.
d. Early dismantle of exhibit space is strictly prohibited.
e. No cash and carry sale of goods as in a retail setting is permitted from an exhibit booth or in the Event Facility.
f. No food or beverages may be sold on the premises, although samples may be given away in limited portions. See the Exhibitor Services Guide for further details.
g. IAAPA reserves the right in its sole judgment to prohibit or close any display or activity because of noise, odors, or other disturbing features, or which may be offensive to other exhibitors or attendees. Furthermore, this discretionary right of IAAPA applies to any demonstration or activity by any exhibitor that results in obstruction of exhibit line-of-sight and/or access to a nearby exhibitor’s stand by either attendee/buyers or exhibitors.
h. Exhibitors demonstrating amusement rides and/or offering rides to show attendees or guests are solely responsible for compliance with all National, Regional, City and local laws and regulations governing the operation of rides, and for securing in advance all approvals necessary to demonstrate and offer rides during the show dates.
i. All personnel working in an exhibit booth must be employees of the exhibiting company.
j. Each exhibiting company receives five (5) exhibitor staff badges for the first 9 net square meters of space and an additional two exhibitor badges for each increment of 9 net square meters of space up to a maximum of 50 complimentary exhibitor badges. Additional exhibitor staff badges can be purchased for a fee with proof of employment.
x. Xxxxx personnel must display their badges at all times.
l. No exhibitor is allowed to assign, sublet, or apportion whole or any part of space allotted or exhibits any goods other than those manufactured or sold in the regular course of business by the exhibitor.
m. Exhibitors are prohibited from engaging in an exhibit activity in any ...
Specific Policies. The adjustment for exclusion of Lucozade and Ribena in the illustrative statement Net Assets represents an estimate based on balances at 31 December 2012 inflated by 2.8% for sales growth of the divested products. Other one-off adjustments relating to the divestment have also been excluded from other payables and receivables. Part 3 of this Schedule 18 sets forth, for illustrative purposes only, a computation of the statement of net assets as of the close of business on 31 December 2013 (the “Novartis Statement of Net Assets”).
Specific Policies. A. A Faculty member may apply and be considered for a bargaining unit position by normal employment procedures in accordance with this Agreement. Placement on the salary scale shall be in accordance with the terms and provisions of this Agreement.
B. A College employee in a bargaining unit position may apply and be considered for a Faculty position by normal employment procedures and pursuant to the collective bargaining agreement between the Employer and Faculty. Placement on the Faculty salary scale shall be in accordance with the terms and provisions of the collective bargaining agreement between the Employer and Faculty.
C. No decrease in salary, seniority or fringe benefits will result from a lateral transfer within the bargaining unit in the same pay grade level.
D. Changes in salary and fringe benefits resulting from changes in assignment shall begin on the effective date of the new assignment.
Specific Policies. The following supplement the description in the NAM for certain items included in the Vaccines Group Statement of Net Assets:
Specific Policies. A. No decrease in salary, seniority or fringe benefits will result from a lateral transfer.
Specific Policies. The Closing Calculations shall be calculated and prepared in accordance with the definitions included in the Agreement and this Annex B.
Specific Policies. 6.1 Unless stated to the contrary in paragraphs 6.2 to 6.15 of this Schedule 9, the Completion Accounts will be prepared:
(a) by reference to the Group’s proportional ownership of the general ledgers of the Group Companies as at the Effective Time;
(b) to take into account information and events after the Effective Time that provide further evidence of conditions that existed at the Effective Time (in accordance with AASB 110 “Events after the Reporting Period”) up until the time the Buyer delivers the Draft Completion Accounts to the Seller pursuant to and in accordance with paragraph 1.1 of this Schedule 9 (the “Cut-Off Time”);
(c) on a going concern basis and to include no charge, provision, reserve, write-off, impairment or loss (whether against an asset or as a liability) to the extent arising as a consequence of the Transaction, or any change in management strategy, direction or priority or possible closure of any business (or part thereof) which results from the Transaction or which is implemented at the direction of the Buyer after the Effective Time;
(d) such that all assets and liabilities will be stated in US dollars. Amounts which are originally denominated in a currency other than US dollars will be translated into US dollars at the Exchange Rate applicable on the Completion Date; and
(e) such that no item will be included in the Completion Accounts more than once and no item will be excluded from (or included in) the Completion Accounts solely on the grounds of immateriality.
6.2 No liability, whether current or non-current, will be included in the Completion Accounts in respect of any Environmental Obligation or Joint Venture Liabilities, any matters which are the subject of refund obligations in Clauses 19 and 20, health and safety provisions, capital expenditure commitments, replacement costs, planning requirements, dilapidations, reappraisal of the value of fixed assets, compliance with laws and regulations, loss-making or onerous contract provisions (including any provisions for future losses or loss-making contracts or future costs, including for the avoidance of doubt in relation to the Grosvenor mine), contingent liabilities, off-balance sheet arrangements or commitments (including for these purposes, commitments in respect of land leases), general provisions, general reserves, general accruals, any liability or provision in respect of or as a result of separation from the Seller Group of the Group Companies (including but not limited...
Specific Policies. 1. The following Specific Policies shall apply in the preparation of the Completion Statement.
2. Items 1, 2, 3, 4, 6, 7, 15 and 16 in the Completion Statement shall be determined by applying the relevant definition in clause 1 (subject, where applicable, to the provisions of Part A and the other provisions of this Part B of this Schedule 11).
3. Item 5 in the Completion Statement (Operating Lease Assets) shall be determined by applying the principles applied in calculating "Assets for hire under operating leases" in the Accounts of RBS Aerospace Limited, and shall include capitalised interest and other capitalised amounts, office equipment and fixtures and fittings.
4. Item 8 in the Completion Statement shall be calculated by adding together the amount of items 1, 4 and 5 in the Completion Statement and deducting from the result the aggregate amount of items 2, 3, 6 and 7 in the Completion Statement.
5. Item 9 in the Completion Statement (Trade Debtors) shall include:
(a) receivables due to any Group Company from lessees in respect of amounts due under or in respect of operating leases, including rent and maintenance contributions; and
(b) bad debt provisions in respect of lessees.
6. Item 10 in the Completion Statement (Other Debtors) shall include:
(a) any sums paid by a Group Company prior to the Completion Time, to the extent that these relate to goods or services to be provided to a Group Company after the Completion Time;
(b) any sums payable to a Group Company after the Completion Time, to the extent that these are operating lease rentals that relate to a period prior to the Completion Time, or they relate to goods or services provided by a Group Company prior to the Completion Time;
(c) amounts expected to be received by any Group Company from a lessee during or at expiry of any lease as a cash contribution relating to the physical condition of the aircraft on redelivery;
(d) servicing fees receivable by any Group Company; and
(e) any recoverable VAT and any refund or repayment in respect of Tax.
7. Item 11 in the Completion Statement (Customer Deposits) shall include:
(a) the principal amount of security deposits received by any Group Company from lessees in cash and deposits received by any Group Company in cash under letters of intent relating to aircraft sales to the extent that such deposits are repayable to any third party, together with, in each case accrued interest thereon at the prevailing rate of interest relati...
Specific Policies. 6.1 Each component of the Draft Completion Accounts and Completion Accounts shall be prepared on a consolidated basis by reference to the general ledgers of the Group. For the avoidance of doubt, intercompany transactions shall not be included in the Draft Completion Accounts and Completion Accounts in accordance with the approach taken in the Accounts.
6.2 The Buyer shall not be entitled to recover an amount, obtain payment, or otherwise take into account or deduct more than once in respect of the same amount and there shall be no double counting (whether positive or negative) in the Completion Accounts, including, without limitation, double counting in the calculation of the Completion Accounts itself, or by including any amount in the Completion Accounts which has otherwise been taken into account in the Consideration.
6.3 Without limiting the above, to prevent double counting, no amount shall be treated as constituting more than one of, and no amount shall be counted more than once in computing, the following: Cash, Third Party Debt and Working Capital.
6.4 The Completion Accounts and Draft Completion Accounts shall be expressed in CHF. If any expenses or income are expressed in a currency other than CHF it shall be converted into CHF on a basis consistent with the approach to currency conversation taken in respect of that specific item as adopted in the Accounts.
6.5 Unless specifically stated to the contrary in this Schedule 9, the Draft Completion Accounts and the Completion Accounts shall reflect the position of the Group Companies as at the Effective Time.
6.6 Each of the Draft Completion Accounts and the Completion Accounts shall be prepared on the basis that the Group is a going concern and so as to include no impact (including charge, provision, reserve write off, impairment, loss, income or profit) arising as a consequence of the change in ownership of the Group Company contemplated by this Agreement. No account shall be taken of events taking place after the Effective Time (including any event or transaction that occurs or arises after the Effective Time as a result of a voluntary act of the Buyer Group).
6.7 No provision shall be made for any deferred tax liability or in respect of any deferred tax asset of any Group Company.
6.8 Leasing – leasing arrangements shall not be capitalized.
