Statement of Purpose and Objectives Sample Clauses

Statement of Purpose and Objectives. The parties believe that the creation of value for the shareholders of the Company and the other Members is dependent in large part on the ability of the Members to attract, motivate, develop and retain talented individuals. The parties further recognize that each Member enjoys the benefits and support derived from its affiliates within the SCG Group and that these benefits and support are important for the continued success of each of the Members. In that regard, the Company and SCG agree that the provisions of this Section 4 are necessary to continue the development of a corporate structure and depth of management capable of sustaining a high rate of value-creation over a long period of time. Further, the Company and SCG agree that it is critical to the accomplishment of its goals to (i) recognize the intrinsic value of each employee as an individual, (ii) treat each employee and applicant for employment without discrimination as to race, creed, color, sex, age, orientation or national origin, (iii) maintain an atmosphere that combines professional achievement with personal enjoyment, (iv) provide training opportunities that permit employees to perform their jobs in a better and more meaningful manner, (v) provide each employee with opportunity for career growth and advancement within the SCG Group based upon individual ability and performance, (v) recognize the value and potential of self-motivation of people who thoroughly understand their jobs so that individual initiative and thought will be encouraged in the accomplishment of all tasks, (vi) compensate employees fairly and competitively and (vii) maintain and enhance the strengths of each Member.
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Statement of Purpose and Objectives. The purposes and objectives of the Parties in entering into this MOU are to preserve and continue the existing harmonious relationship between the District, Union and District's employees represented by Union by creating a formal understanding relative to, among other things:
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Statement of Purpose and Objectives. The parties believe that the creation of value for the shareholders of the Company and the other Members is dependent in large part on the ability of the Members to attract, motivate, develop and retain talented individuals. The parties further recognize that each Member enjoys the benefits and support derived from its affiliates within the SCG Group and that these benefits and support are important for the continued success of each of the Members. In that regard, the Company and SCG agree that the provisions of this Section 4 are necessary to continue the development of a corporate structure and depth of management capable of sustaining a high rate of value-creation over a long period of time. Further, the Company and SCG agree that it is critical to the accomplishment of its goals to (i) recognize the intrinsic value of each employee as an individual, (ii) treat each employee and applicant for employment without discrimination as to race, creed, color, sex, age, orientation or national origin, (iii) maintain an atmosphere that combines professional achievement with personal enjoyment,
Sample 1

Related to Statement of Purpose and Objectives

  • STATEMENT OF PURPOSE The Borrower has requested, and the Lenders have agreed, to extend certain credit facilities to the Borrower on the terms and conditions of this Agreement.

  • Amendment of Section 10 1. Section 10.1 of the Note Agreement is amended to read in its entirety as follows:

  • Amendment of Section 1.1 Section 1.1 of the Credit Agreement is hereby amended by inserting the following new definitions in the appropriate locations according to alphabetical order, or by amending and restating existing definitions to read as indicated, as applicable:

  • Amendment of Section 7 2.10(f). Clause (iii) of Section 7.2.10(f) of the Credit Agreement is hereby amended and restated in its entirety to the following:

  • Performance of Agreement Purchaser shall have performed in all material respects all obligations and agreements and complied in all material respects with all covenants and conditions contained in this Agreement to be performed or complied with by it at or prior to the Closing Date.

  • Scope of Services The specific scope of work for each job shall be determined in advance and in writing between TIPS Member, Member’s design professionals and Vendor. It is permitted for the TIPS Member to provide a general scope description, but the awarded vendor should provide a written scope of work, and if applicable, according to the TIPS Member’s design Professional as part of the proposal. Once the scope of the job is agreed to, the TIPS Member will issue a PO and/or an Agreement or Contract with the Job Order Contract Proposal referenced or as an attachment along with bond and any other special provisions agreed by the TIPS Member. If special terms and conditions other than those covered within this solicitation and awarded Agreements are required, they will be attached to the PO and/or an Agreement or Contract and shall take precedence over those in this base TIPS Vendor Agreement.

  • Effective Date and Term of Agreement This Agreement is effective and binding on the Company and Employee as of the date hereof; provided, however, that, subject to Section 2(d), the provisions of Sections 3 and 4 shall become operative only upon the Change in Control Date.

  • Performance of Agreements Buyer shall have performed in all material respects all of its covenants, agreements and obligations required by this Agreement and each of the other Documents to be performed or complied with by it prior to or upon the Closing Date.

  • Review and Procedure Limitations The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible Representations. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any party. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.07. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09. The Issuing Entity expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is not providing legal advice as to any matter.

  • Effective Date and Termination of Agreement This Agreement shall become effective on January 1, 2018 and unless terminated sooner it shall continue in effect until April 30, 2018. It may thereafter be continued from year to year only with the approval of a majority of those trustees of the Fund who are not “interested persons” of the Fund (as defined in the 0000 Xxx) and have no direct or indirect financial interest in the operation of this Agreement or any agreement related to it (the “Independent Trustees”). This Agreement may be terminated as to the Fund as a whole or any class of shares individually at any time by vote of a majority of the Independent Trustees. The Investment Adviser may terminate this agreement upon sixty (60) days’ prior written notice to the Fund.

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