Forced Sample Clauses

Forced. A term used when an employee is required to fill a position by virtue of their seniority and not by bid. (same conditions apply as if the employee bid the position)
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Forced. LIQUIDATION 12.1 The Company has the right to request the Client to maintain the level of collaterals for guarantees at the rate 100%. Such claim takes an effect from the moment of delivery of the claim to the Client by any of means stipulated under the Agreement. 12.1.1 Not later than 15:00 on the next business day after delivery to the Client of the claim for the maintenance of collaterals for guarantees at the rate 100%, the Client is obliged to provide at its account the required assets or to deliver the Instruction for closing of open positions. 12.1.2 In case of Client’s failure to comply with the requirements stated in paragraph 12.1.1 of the Agreement WWF has the right to carry out Forced Liquidation of Client’s position without prior notice to the Client. 12.2 The Client is responsible for refilling of his account in the purpose of collaterals for guarantees and to cover any possible payments which may occur due to execution of transactions. 12.3 The rate of required collaterals for guarantees and liquidity ratio is determined in accordance with the rules and standards of WWF and/or the Third Party. 12.4 The Company is entitled without additional consent of the Client to execute Forced Liquidation of Client’s position at the rates prevailing at the moment of Forced Liquidation, if: 12.4.1 The Client failed to meet the limits existing in the trading system regarding the number of open positions. 12.4.2 The Client failed to meet the deadline for transfer of the Assets to the account with the Company stipulated in the paragraph 12.1.1 of the Agreement. 12.4.3 The level of collaterals for guarantees is lower than 50%. 12.5 In case of Forced Liquidation of Client’s position WWF has the right to recover the Client’s level of collaterals for guarantees at its own discretion up to 100% and higher. 12.6 In case Forced Liquidation of Client’s position occurs under the rules of trading system of Regulated Market or MTF initiated by the trading system and the Forced Liquidation is due to the Company’s fault, the Company is obliged to compensate to the Client its loss. 12.7 In case Forced Liquidation of Client’s position occurs on the derivatives/forward market due to the Client’s fault, the Client is obliged to reimburse to the Company the loss within 3 (Three) business days from the date of delivery of written notification regarding reimbursement of loss due to Forced Liquidation of Client’s position. 12. ПРИНУДИТЕЛЬНОЕ ЗАКРЫТИЕ ПОЗИЦИЙ 12.1. Компания вправе...
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Forced a need to fill a vacancy on an overtime basis which remains after the Employer has attempted to fill the vacancy on a voluntary basis, requiring the assignment of mandatory overtime.
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Forced. As of the date that is 12 (twelve) months after the Signature Date, in the event that any amounts that have been arranged by the Borrower in terms of this Loan Agreement have not been applied to the Acquisition, the Borrower will have the obligation to make the advance payment of all said amounts precisely on said date (the " Forced Advance Payment ").
Sample 1

Related to Forced

  • Foreclosure Enforce any security interest or lien given or provided for under this Agreement or under any security agreement, mortgage, deed of trust or other document, in such manner and such order, as to all or any part of the properties subject to such security interest or lien, as the Bank, in its sole judgment, deems to be necessary or appropriate and the Borrower hereby waives any and all rights, obligations or defenses now or hereafter established by law relating to the foregoing. In the enforcement of its security interest or lien, the Bank is authorized to enter upon the premises where any Collateral is located and take possession of the Collateral or any part thereof, together with the Borrower's records pertaining thereto, or the Bank may require the Borrower to assemble the Collateral and records pertaining thereto and make such Collateral and records available to the Bank at a place designated by the Bank. The Bank may sell the Collateral or any portions thereof, together with all additions, accessions and accessories thereto, giving only such notices and following only such procedures as are required by law, at either a public or private sale, or both, with or without having the Collateral present at the time of the sale, which sale shall be on such terms and conditions and conducted in such manner as the Bank determines in its sole judgment to be commercially reasonable. Any deficiency which exists after the disposition or liquidation of the Collateral shall be a continuing liability of the Borrower to the Bank and shall be immediately paid by the Borrower to the Bank.

  • Expropriation 1. The investments of investors of a Contracting Party shall not, directly or indirectly, be nationalized, expropriated or subject, in any other way, to other measures having an effect equivalent to the nationalization or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party, unless the following conditions are complied with:

  • Notice to Landlord’s Mortgagee Tenant shall not seek to enforce any remedy it may have for any default on the part of Landlord without first giving written notice by certified mail, return receipt requested, specifying the default in reasonable detail, to any Landlord’s Mortgagee whose address has been given to Tenant, and affording such Landlord’s Mortgagee a reasonable opportunity to perform Landlord’s obligations hereunder.

  • Receivership The employment of a receiver appointed by court order to take possession of substantially all of Tenant’s assets or the Premises, if such receivership remains undissolved for a period of thirty (30) days;

  • Notice to Mortgagee Notwithstanding anything to the contrary in the Lease or this Agreement, before exercising any Termination Right or Offset Right, Tenant shall provide Mortgagee with notice of the breach or default by Landlord giving rise to same (the “Default Notice”) and, thereafter, the opportunity to cure such breach or default as provided for below.

  • Landlord Transfer Landlord may transfer any portion of the Project and any of its rights under this Lease. If Landlord assigns its rights under this Lease, then Landlord shall thereby be released from any further obligations hereunder arising after the date of transfer, provided that the assignee assumes in writing Landlord’s obligations hereunder arising from and after the transfer date.

  • Arrest Any Vessel or Vessels shall be arrested and the same shall continue unremedied for at least 20 days, unless such arrest would not have a Material Adverse Effect.

  • Insurance Proceeds All proceeds of and any unearned premiums on any insurance policies covering the Property, including, without limitation, the right to receive and apply the proceeds of any insurance, judgments, or settlements made in lieu thereof, for damage to the Property;

  • RECONSTRUCTION In the event the Premises are damaged by fire or other perils covered by extended coverage insurance, Landlord agrees to forthwith repair same, and this Lease shall remain in full force and effect, except that Tenant shall be entitled to a proportionate reduction of the Rent from the date of damage while such repairs are being made, such proportionate reduction to be based upon the extent to which the damage and making of such repairs shall reasonably interfere with the business carried on by the Tenant in the Premises. If the damage is due to the fault or neglect of Tenant or its employees, there shall be no abatement of Rent. In the event the Premises are damaged as a result of any cause other than the perils covered by fire and extended coverage insurance, then Landlord shall forthwith repair the same, provided the extent of the destruction be less than fifty percent (50%) of the then full replacement cost of the Premises. In the event the destruction of the Premises is to fifty percent (50%) or more of the full replacement cost, then Landlord shall have the option; (1) to repair or restore such damage, this Lease continuing in full force and effect, but the Rent to be proportionately reduced as herein above in this Section provided; or (2) give notice to Tenant at any time within sixty (60) days after such damage, terminating this Lease as of the date specified in such notice, which date shall be no more than thirty (30) days after the giving of such notice. In the event of giving such notice, this Lease shall expire and all interest of the Tenant in the Premises shall terminate on the date so specified in such notice and the Rent, reduced by a proportionate reduction, based upon the extent, if any, to which such damage interfered with the business carried on by the Tenant in the Premises, shall be paid up to date of said such termination. Notwithstanding anything to the contrary contained in this Section, Landlord shall not have any obligation whatsoever to repair, reconstruct or restore the Premises when the damage resulting from any casualty covered under this Section occurs during the last six (6) months of the Term of this Lease or any extension thereof.

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