The Group's operations Sample Clauses

The Group's operations particularly its ability to secure new orders, may be affected by its credit risk. The Group enters into long-term contracts with its customers to produce wind turbine generators and to service wind turbine generators. These contracts generally represent significant investments over long periods of time for the Group's customers, who, along with their banks, closely evaluate the credit risk of their providers. Historically, the Group has from time-to-time experienced reduced profitability resulting in negative press and declining share price, which have affected the Group's credit position negatively. The Group's business activities could be negatively affected if its customers or suppliers do not have access to financing on economically viable terms or if they or their lenders rate the Group's ability to execute projects lower due to a deterioration of its credit rating. Vestas has obtained an investment grade credit rating of Baa2 from Xxxxx'x and any decrease in credit rating could put Vestas at a competitive disadvantage. Without an investment grade rating, Vestas could face challenges in winning new contracts, substantially increasing financing, hedging costs and refinancing risks as well as substantially decreasing availability of credit lines, such as for financing, guarantees and hedging purposes. Such factors may cause the Group to be less successful in attracting new contracts or may result in different requests for third party guarantees (from bank or surety) in connection with some contracts which could continue to increase the Group's costs, and decrease margins earned on contracts. In addition, unfavourable media coverage of the Group, whether justified or not, could result in a decrease in demand and a decline in the Group's revenue.
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Related to The Group's operations

  • Safe Operations Notwithstanding any other provision of this Agreement, an NTO may take, or cause to be taken, such action with respect to the operation of its facilities as it deems necessary to maintain Safe Operations. To ensure Safe Operations, the local operating rules of the ITO(s) shall govern the connection and disconnection of generation with NTO transmission facilities. Safe Operations include the application and enforcement of rules, procedures and protocols that are intended to ensure the safety of personnel operating or performing work or tests on transmission facilities.

  • Business Operations Company will provide all necessary equipment, personnel and other appurtenances necessary to conduct its operations. Company will conduct its business operations hereunder in a lawful, orderly and proper manner, considering the nature of such operations, so as not to unreasonably annoy, disturb, endanger or be offensive to others on the Airport. Company will provide all services under this Agreement on a fair and reasonable basis to all users of the Airport. Service will be prompt, courteous and efficient.

  • CONTINUITY OF OPERATIONS (1) 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.

  • Operations As of the date hereof, the Company has not conducted, and prior to the IPO Closing the Company will not conduct, any operations other than organizational activities and activities in connection with offerings of its securities.

  • Processing operations The personal data transferred will be subject to the following basic processing activities:

  • Continuous Operations Any employee or group of employees engaged in an operation for which there is regularly scheduled employment on a twenty-four (24) hour a day, seven (7) day a week basis shall be known as continuous operations employees.

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts Neither of the parties shall utilize any economic sanction to force its position on the other party over any issue. Further, no Employee or group of Employees shall individually or through concerted action, take part in any activity that impedes the operation of the business, except as otherwise authorized by this Agreement. Should any person or group of people participate in any such unauthorized activity, upon notification of such occurrence, the Union or the Company, as the case may be, will direct such person or group of people to resume normal operations and will take effective means to cease the unauthorized conduct. Any employee or group of employees who participate in such unauthorized activity shall be subject to immediate dismissal, unless mitigating circumstances exist that are acceptable to the ERRC. Should either party suffer financial damage as a result of such unauthorized activity, they may pursue compensation for such loss at the arbitration step of the Concern Resolution Process, and the arbitrator shall have full authority to remedy any violation of this Article.

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