ALTERNATIVE APPOINTMENT Sample Clauses
The Alternative Appointment clause establishes a process for designating a substitute individual or entity to fulfill a specified role if the original appointee is unable or unwilling to serve. Typically, this clause outlines the conditions under which an alternative appointment may be made, such as incapacity, resignation, or conflict of interest, and may specify who has the authority to make the new appointment. Its core function is to ensure continuity and prevent delays or disruptions in contractual or organizational operations by providing a clear mechanism for replacing key parties when necessary.
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ALTERNATIVE APPOINTMENT. If, for any reason, the Calculation Agent ceases to act as such or fails to comply with its obligations under Clause 3, the Issuer shall appoint the Issuing and Paying Agent as calculation agent in respect of the Relevant Index Linked Notes.
ALTERNATIVE APPOINTMENT. If, for any reason, the Calculation Agent ceases to act as such or fails to comply with its obligations under Clause 3, the Issuer shall appoint the Agent as Calculation Agent in respect of the Relevant Notes.
ALTERNATIVE APPOINTMENT. If, for any reason, the Calculation Agent ceases to act as such or fails to comply with its obligations under this Agreement, the Issuer shall appoint the Issue Agents calculation agent in respect of the Relevant Index Linked Notes.
ALTERNATIVE APPOINTMENT. Employees on layoff status shall, upon request, be appointed to the Middleborough Call Fire Department on the effective date of their layoff with the status of Reserve Fire Fighters. Only laid off permanent firefighters shall be designated as Reserve Fire Fighters and respond to calls twenty-four (24), seven (7) days a week.
ALTERNATIVE APPOINTMENT. If, for any reason, the Calculation Agent ceases to act as such or fails to comply with its obligations under Clause 3, the Issuer shall appoint the ECP Agent as calculation agent in respect of the Relevant Index Linked Notes.