Temporary Loans. (a) The Company may loan an employee as set out in Article 8.01 provided the employee has the required qualifications to perform the job, or can be adequately instructed to perform the job, in a timely fashion.
(b) The employee with the highest seniority and required qualifications will be given the first opportunity to work or decline the temporary loan.
(c) If necessary the employee with the lowest seniority and required qualifications will be loaned and thereafter successively until the required number of employees have been loaned.
(d) An employee with seniority rights on loan will be paid the higher of the two hourly rates, if different.
Temporary Loans. The Company has the right to temporarily loan employees from one department to another department based upon workload or business priorities. Should the need arise to loan employees, the Supervisor, in both the outgoing and incoming departments, will communicate the employees to loan and the anticipated length of the loan to the department Union Xxxxxxx(s).
Temporary Loans. (a) The Company may loan an employee to a different department or production process building providing the employee has the required qualifications to perform the job, or can be adequately instructed to perform the job, in a timely fashion when the job is general labour tasks (examples include small packaging, drumming, jug labeling, assisting with grinding /blending operations).
(b) The employee with the highest seniority and required qualifications will be given the first opportunity to work or decline the temporary loan.
(c) If necessary the employee with the lowest seniority and required qualifications will be loaned and thereafter successively until the required number of employees have been loaned.
(d) An employee with seniority rights on loan will be paid the higher of the two hourly rates, if different.
Temporary Loans. Each Temporary Lender with a Temporary Loan Commitment severally agrees to make a loan (a "Temporary Loan", which so long as it shall be outstanding shall be a "Loan" hereunder) to Company on the Supplemental Borrowing Date in an amount equal to its Temporary Loan Commitment; the aggregate amount of the Temporary Loan Commitments is $10,000,000. The proceeds of the Temporary Loans shall be deposited into a deposit account at JPMorgan Chase Bank which shall be a blocked account until repayment of the Temporary Loans for the benefit of the Temporary Lenders. The Temporary Loans shall be used for the purposes identified in subsection 2.
Temporary Loans. The Company may loan an employee to a different de- partment or production process building providing the
Temporary Loans. The Metropolitan Council may, after the authorization of bonds under this section, provide funds immediately required for the purposes of subdivision 1 by effecting temporary loans upon terms as it shall by resolution determine, evidenced by notes due in not exceeding 24 months from their date, payable to the order of the lender or to the bearer, to be repaid with interest from the proceeds of the bonds when issued and delivered to the purchaser. The temporary loans may be made without public advertisement.
Temporary Loans. The proceeds of the Temporary Loans shall be deposited into the deposit account referred to in subsection 2.10 and thereafter applied (i) if the Senior Unsecured Notes are issued in an aggregate principal amount of $25,000,000, for working capital and general corporate purposes, including to prepay outstanding Swing Line Loans and Revolving Loans in accordance with subsection 2.4B(i) or (ii) if the Senior Unsecured Notes are not issued in an aggregate principal amount of $25,000,000, to pay or prepay the Temporary Loans.
Temporary Loans
