Temporary Suspension of Operations Sample Clauses

Temporary Suspension of Operations. In an emergency, the Board of Directors may temporarily suspend operations in respect of new loans, guarantees, equity investment and other forms of financing under sub-paragraph 2 (vi) of Article 11, pending an opportunity for further consideration and action by the Board of Governors.
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Temporary Suspension of Operations. In an emergency, the Board of Directors may temporarily suspend the provision of new credit and guarantees, the issuance of securities, and equity investments until the Board of Governors has reviewed the current circumstances and undertaken appropriate actions.
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Temporary Suspension of Operations. If Potlatch determines in good faith that there is an unreasonable risk that Purchaser’s operations may cause excessive damage to timber, roads, soil or watershed, or that Purchaser’s operations present an unreasonable risk of fire or injury to persons or property, Potlatch may temporarily suspend Purchaser’s operations whether or not Purchaser is in breach of this Contract. If Potlatch suspends Purchaser’s operations, Potlatch shall not be responsible for any expense, loss or damage that Purchaser may sustain. If Purchaser’s operations are suspended for more than five (5) operating days, the term of this Contract shall be extended for one (1) day for each day in excess of five (5) days lost due to the temporary suspension. If Potlatch suspends Purchaser’s operations, Potlatch shall give Purchaser’s Representative prompt notice of the reason for the suspension and confirm that reason in writing within seventy-two (72) hours. Potlatch will lift the suspension promptly upon being satisfied that the risk or risks created by Purchaser’s operations has or have been eliminated.
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Temporary Suspension of Operations. The Contractor may with City approval temporarily suspend food service operations in the event that conditions (natural or man-made) representing an unreasonable risk to the public occur. In such event, the Contractor shall inform the City as soon as possible. Concession operations shall be resumed as soon as practicable after the risk has been removed.
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Temporary Suspension of Operations. Provided that (a) Borrower first provides Lender with written evidence acceptable to Lender that Franchisor has permitted such temporary suspension of operations, and (b) such temporary suspension of operations does not otherwise violate any material agreement applicable to Borrower or the Site, then, during the Forbearance Period, the Borrower shall be allowed to temporarily suspend operations at the Site as the Permitted Concept. Borrower shall continue to (i) maintain the Site, including all buildings and other improvements associated with the Site, in good condition and repair, ordinary wear and tear excepted and safe and properly lighted, and (ii) set aside and maintain adequate reserves for repair, replacement and maintenance of the Site.
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Temporary Suspension of Operations. In the event Operator is prevented from operating the public parking facilities, the City shall have the option to assume operation of the Premises during Operator’s period of disability. The City may continue such operation for so long as Operator’s disability shall last, and shall receive all revenues therefrom.
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Temporary Suspension of Operations. 1. The Board of Directors may, whenever it deems it justified, suspend the provision of insurance or reinsurance services for a specified period. 2. In an emergency, the Board of Directors may suspend all activities of the Corporation for a period not exceeding the duration of such emergency, provided that necessary arrangements shall be made for the protection of the interests of the Corporation and of third parties. 3. The decision to suspend operations shall have no effect on the obligations of the Members under this Agreement or on the obligations of the Corporation towards Policyholders or third parties.
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Temporary Suspension of Operations. In an emergency, the Executive Board may, by a vote of not less than three- fourths of the total number of all votes, temporarily suspend operations in respect of new loans and guarantees, placement of securities, technical assistance or investments in authorised capital, pending an opportunity for further consideration and action by the Council.
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Temporary Suspension of Operations. In an emergency, the Board of Directors may suspend temporarily opera- tions in respect of new loans, guarantees, underwriting, technical assistance and equity investments pending an opportunity for further consideration and action by the Board of Governors.
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Related to Temporary Suspension of Operations

  • SUSPENSION OF OPERATIONS Concessionaire shall, at the direction of Department, immediately suspend, delay or interrupt Concessionaire’s operation of all or any part of the Concession Premises for such period of time as Department may determine to be appropriate to protect the Concession Premises and/or public health, safety, and welfare due to the occurrence of hazardous work conditions, emergency conditions, and/or any other cause including, but not limited to, Concessionaire's failure to perform any of the covenants, agreements, and conditions contained in this Agreement on its part to be performed. Concessionaire hereby waives any claim, and Department shall not be liable to any party claiming through Concessionaire, for damages, payment abatement, or compensation as a result of Department's actions under this Paragraph or this Agreement. Department's suspension of Concessionaire's operations shall be in addition to any other right or remedy available by law or in equity.

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

  • Commencement of Operations The Partnership shall not begin operations on its Leases unless the Managing General Partner is satisfied that necessary title requirements have been satisfied.

  • Statement of Operations Statement of Changes in Net Assets.

  • TRANSFER OF OPERATIONS Purchaser shall be entitled to immediate possession of, and to exercise all rights arising under, the Assets from and after the time that the Restaurants open for business on the Closing Date, and operation of the Restaurants shall transfer at such time (the "Effective Time"). Except as expressly provided in this Agreement, all profits, losses, liabilities, claims, or injuries arising before the Effective Time shall be solely to the benefit or the risk of Seller. All such occurrences after the Effective Time shall be solely to the benefit or the risk of Purchaser. The risk of loss or damage by fire, storm, flood, theft, or other casualty or cause shall be in all respects upon Seller prior to the Effective Time and upon the Purchaser thereafter.

  • Control of Operations Without in any way limiting any party’s rights or obligations under this Agreement, the parties understand and agree that (a) nothing contained in this Agreement shall give Parent or the Company, directly or indirectly, the right to control or direct the other party’s operations prior to the Effective Time and (b) prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.

  • PERIOD OF OPERATION Subject to certification, this Agreement shall come into force from the first pay period commencing on or after 1st December 2002 and shall remain in force until 31 October 2005.

  • CONTINUITY OF OPERATIONS Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts

  • Change of Operations To: Members of Local Union 710 Dear Brothers and Sisters: As you know, we have a tentative agreement for the UPS Cartage Services, Inc. Supplemental Agreement. Article 2 of the re-negoti- ated CSI Supplement outlines the National Master UPS Agreement (NMA) Articles that may be applied to your Addendum. You will note that several NMA articles are not applicable. These are sub- jects that are either addressed in the CSI Supplement or are not op- erationally applicable to CSI. Where there are two provisions covering the same subject, one in the Local Addendum and one in the National Master UPS Agree- ment, the following provisions of the National Master UPS Agree- ment shall apply: