Proposed Operator definition
Examples of Proposed Operator in a sentence
If you have incorporated a single purpose entity for the purposes of your bid, this entity (the Proposed Operator) should also execute the agreement.
Promptly thereafter, Servicer and the applicable Licensee will furnish to such Proposed Operator current bank statements with respect to such accounts.
Notwithstanding the foregoing, if Manager shall receive written notice from the applicable governmental licensing authority with respect to the Necessary Licenses for any IHS Facility that the Proposed Operator shall be denied any Necessary License with respect to such IHS Facility, then such IHS Facility shall not thereafter be included for purposes of determining whether any Sublease Extension Fee shall be payable.
The Colonel Commitment Fee will be retained even if the student’s Contract is administratively canceled by Housing & Residence Life or if the student is dismissed for disciplinary or academic reasons, including academic probation or suspension.
As soon as practicable after the Effective Time, Servicer shall (to the extent permitted by law) instruct account debtors of each Facility to make payment directly into the relevant Proposed Operator Account for such IHS Facility and the Licensee Account of Advisors, as the case may be.
Without limiting the provisions of Sections 2.4 and 4, Servicer shall, upon written request, submit to the Proposed Operator and Licensee such certification as to expenses incurred in the operation of the Facilities as may be reasonably required by the Proposed Operator or Licensee in order to comply with applicable law and regulations, including, without limitation, law and regulations applicable to preparation and submission of cost reports.
This Agreement shall extend to haul trucks owned by the Proposed Operator, its employees and agents as well as to third party trucking services.
If and to the extent that Manager or any Proposed Operator or any of their respective affiliates shall collect any account receivable owned (or deemed to be owned) by any Relevant IHS Entity, such person or entity shall immediately pay such amount to such Relevant IHS Entity, and until such payment is so made, Manager shall hold such amount in trust for the benefit of such Relevant IHS Entity.
Such Personnel shall be employees of Servicer (subject to the following sentence), provided Manager, Advisors and the Proposed Operator of the relevant Facility shall have full responsibility for payment of their wages, salaries, and other compensation and benefits (in accordance with Section 4).
If the invoice is not paid within thirty (30) days of the date of the applicable invoice, then this agreement shall be suspended and no further hauling by Proposed Operator or one acting on Proposed Operator's behalf shall occur until said invoice is paid in full.