Restriction of payment Sample Clauses

Restriction of payment. An employee shall not be entitled to payment for inclement weather as provided for in this clause unless the employee remains on the job until the provisions set out in this clause have been observed.
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Restriction of payment. An employee will not be entitled to payment for inclement weather as provided for in this clause unless the employee remains on the job until the provisions set out in this clause have been observed. The parties agree that all necessary steps will be taken to ensure a full working understanding of the inclement weather standards, as contained in this Agreement, is achieved and maintained by the management and workers. Should a portion of the project be affected by inclement weather, all other employees not affected will continue to work in accordance with the appropriate agreement provisions, regardless that some employees may be entitled to cease work due to inclement weather. Should a portion of the project be affected by inclement weather, employees can be transferred to another work location under cover on the site or to another site in accordance with the provisions prescribed herein. It is agreed by the parties that prior to any employee leaving the site due to inclement weather, consultation will take place between Union Representatives and Site Management. Conference requirement and procedure
Restriction of payment. 27.2.1 An FTM shall not be entitled to payment for inclement weather as provided for in this clause unless the FTM remains on the job until the provisions set out in this clause have been observed.
Restriction of payment. An employee shall not be entitled to payment for inclement weather as provided for in this clause unless the employee remains on the job until the provisions set out in this clause have been observed. The entitlement to payment for time lost due to Inclement Weather is an entitlement limited to ordinary time lost, and does not apply to overtime and/or weekend work. Should overtime or weekend work be suspended due to inclement weather, then overtime payments will cease. All necessary steps shall be taken to ensure a full working understanding of the inclement weather standards, as contained in this Agreement, is achieved and maintained by the management and workers. Should a portion of the project be affected by inclement weather, all other employees not affected shall continue to work in accordance with the appropriate agreement provisions, regardless that some employees may be entitled to cease work due to inclement weather. Should a portion of the project be affected by inclement weather, employees can be transferred to another work location under cover on the site or to another site in accordance with the provisions prescribed herein. No employee shall leave the site due to inclement weather, except in accordance with this clause.
Restriction of payment. OF JUNIOR DEBT; DISPOSITION OF PAYMENTS RECEIVED BY CREDITOR. Other than payments of accrued interest to Creditor, provided no default has occurred and is continuing under the Senior Debt, Borrower will not make, and Creditor will not accept or receive, any payment or benefit in cash or otherwise (or exercise any right of, or permit any set-off with respect to, the Junior Debt), directly or indirectly, on account of principal, interest or any other amounts owing on any Junior Debt. If any such payment is made in violation of this Paragraph, Creditor shall promptly deliver the same to Bank in the form received, with any endorsement or assignment necessary for the transfer of such payment from Creditor to Bank, to be either (in Bank's sole discretion) held as cash collateral securing the Senior Debt or applied in reduction of the Senior Debt in such order as Bank shall determine, and until so delivered, Creditor shall hold such payment in trust for and on behalf of, and as the property of, Bank. In the event that the Creditor shall exercise any right of set-off which the Creditor is not permitted to exercise under the provisions of this Agreement, the Creditor shall promptly pay over to Bank, in immediately available funds, an amount equal to the amount of the claims or obligations offset. If the Creditor fails to make any endorsement required under this Agreement, the Bank, or any of its offices or employees or agents on behalf of the Bank, is hereby irrevocably appointed as the attorney in-fact (which appointment is coupled with an interest) for the Creditor to make such endorsement in the Creditor's name.
Restriction of payment. OF JUNIOR DEBT; DISPOSITION OF PAYMENTS RECEIVED BY JUNIOR CREDITOR. Until the Senior Debt has been paid in full and this Agreement has been terminated in writing by all the parties hereto, Borrower will not make, and Junior Creditor will not accept or receive, any payment or benefit in cash, by setoff or otherwise, directly or indirectly, on account of principal, interest or any other amounts owing on any Junior Debt, except such payments as are expressly permitted herein. Borrower is permitted to make and Junior Creditor to receive all scheduled payments of principal and interest on the Junior Note and rental payments under the Lease; provided however, that (a) Borrower shall not make, nor Junior Creditor receive, any prepayment or accelerated payment on the Junior Note or the Lease, and (b) no payment of principal or interest on the Junior Note or rental payment under the Lease shall be made by Borrower, or received by Junior Creditor, after written notice from Senior Lender to Junior Creditor that a default, or any condition, event or act which with the giving of notice or the passage of time or both would constitute a default, has occurred under the terms of any Senior Debt for a period (each a "Blockage Period") commencing on the date of receipt of such notice and ending on the earlier of (i) the date such default shall have been cured or waived in writing by Senior Lender in its sole discretion, and (ii) the date sixty (60) days from the date of receipt of such notice. Furthermore, during any Blockage Period, except as otherwise provided in the last sentence of this Section 3 with respect to WFFinance, Junior Creditor will not take any action or initiate any proceedings, judicial or otherwise, (i) to enforce Junior Creditor's rights or remedies with respect to any Junior Debt, including without limitation, any action to enforce any rights or remedies under the Lease or with respect to any collateral securing any Junior Debt or (ii) to obtain any judgment or prejudgment remedy against Borrower or any such collateral. The Senior Lender shall not have the right to exercise more than two Blockage Periods hereunder; provided, however, the exercise of each such Blockage Period may not be in connection with the same default. If any payment is made in violation of this Agreement, Junior Creditor shall promptly deliver the same to Senior Lender in the form received, with any endorsement or assignment necessary for the transfer of such payment or amounts seto...

Related to Restriction of payment

  • Restriction on Transfer This Warrant and the rights granted to the holder hereof are transferable, in whole or in part, upon surrender of this Warrant, together with a properly executed assignment in the form attached hereto, at the office or agency of the Company referred to in Paragraph 7(e) below, provided, however, that any transfer or assignment shall be subject to the conditions set forth in Paragraph 7(f) hereof and to the applicable provisions of the Securities Purchase Agreement. Until due presentment for registration of transfer on the books of the Company, the Company may treat the registered holder hereof as the owner and holder hereof for all purposes, and the Company shall not be affected by any notice to the contrary. Notwithstanding anything to the contrary contained herein, the registration rights described in Paragraph 8 are assignable only in accordance with the provisions of that certain Registration Rights Agreement, dated June 30, 2006, by and among the Company and the other signatories thereto (the “Registration Rights Agreement”).

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