Substitute Principal. In the event an individual substitutes for a principal, compensation will be ten percent (10%) per diem, prorated as applicable, in addition to regular earnings.
Substitute Principal. Appendix #5 attached to the Collective Agreement outlines the above or similar positions within School Divisions and the current salaries (plus GPI).
Substitute Principal. In the event of the taking of possession of the Collateral, the Secured Party or any third party assignee or nominee of the Secured Party, may, in addition to (but in no way limiting) the foregoing remedies, become a substitute principal in the Company (including, but not limited to, a partner in any partnership, a member and/or manager in any LLC or LLP, and a stockholder of any corporation).
Substitute Principal. An employee who substitutes for the principal will receive a 1249 stipend equal to $25.00 per half day, or portion of a half day.
Substitute Principal. Except where Company’s consent is not required under Section 20.1 (Assignment by Seller), in the event Seller proposes a substitute managing member or members, principal entity or entity operating facility to avoid an Event of Default under Section 8.1(A)(15) (Default by Seller), the qualifications of such substitute managing member(s) to carry out the role of managing member and financial substance shall be reasonably satisfactory to Company.
Substitute Principal. In the event Seller proposes a substitute General Partner or Entity Operating Facility to avoid an Event of Default under Section 8.1(A)(10)(a) (Event of Default, Default by Seller), the qualifications of such substitute general partner to carry out the role of General Partner and financial substance shall be reasonably satisfactory to Company; provided further, however, that if Company's grant of consent is dependent upon any valid business consideration not related to the new general partner's qualifications or financial substance, Company shall specify such concern to the Seller and shall grant its consent if the Seller provides a general partner which is a reasonably satisfactory substitute meeting such concern.
Substitute Principal. In the event Seller proposes a substitute General Partner/Managing Member, Principal Entity or Entity Operating Facility to avoid an Event of Default under Section 8.1(A)(10)(a) (Event of Default, Default by Seller), the qualifications of such substitute [OFFICER/GENERAL PARTNER/MANAGING MEMBER] to carry out the role of General Partner and financial substance shall be reasonably satisfactory to Company; provided further, however, that if Company's grant of consent is dependent upon any valid business consideration not related to [OFFICER/GENERAL PARTNER/MANAGING MEMBER]'s qualifications or financial substance, Company shall specify such concern to the Seller and shall grant its consent if the Seller provides a [OFFICER/GENERAL PARTNER/MANAGING MEMBER] which is a reasonably satisfactory substitute meeting such concern.
