Ceasing of operations Sample Clauses

Ceasing of operations. 23.1 The Councils shall be advised two months in advance of any decision to cease operations by the Operator.
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Ceasing of operations. The Councils shall be advised two months in advance of any decision to cease operations by the Operator. In any circumstance where operations are to cease, the Operator will be responsible for the retrieval of all bicycles and any associated property stored on land owned by the Councils, public or private landholders. A plan detailing this approach must be submitted to the council two weeks prior to the operation ceasing. Any bicycles which are not collected will be retrieved by council, an impound fee will apply and the bicycles will be recycled. The Operator shall provide a surety of $50,000 total to the Councils for the duration of the trial. This amount will be held by the Melbourne City Council and may be drawn upon by public agencies in the event that costs are incurred related to: (a) parks, waterways and public land clean-up fees or, (b) overdue unpaid impound fees at the conclusion of the duration of the MOU. The Councils must provide appropriate evidence of costs incurred, including photographic imagery, to the Operator prior to drawing down on any of the surety for costs incurred retrieving bicycles from parks, waterways or public land. The surety will be refunded 3 months after the conclusion of the trial to ensure that any clean-up costs are accurately accounted for. The surety should only be accessed as a means of last resort and such costs should normally be addressed through the regular monitoring and maintenance activities of the Operator.
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Ceasing of operations. The Grantee must make provision in its accounts and Budget, to a level satisfactory to the Commonwealth, to use funding for expenses or liabilities accrued during the term related to the ceasing of operations that are expected to be incurred at the end of or after the Activity. This includes ensuring that in the event of ceasing of operations, there is sufficient funding for the payment of any employee entitlements accrued over the term available for the payment of employee entitlements.
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Ceasing of operations. In the event that the employer ceases operations entirely, a permanent employee shall be given notice in accordance with the Employment Standards Act R.S.O 1980, as amended. In addition, the day-care will provide each permanent employee with one
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Ceasing of operations. In the event that LICENSEE ceases operations, all rights acquired by the LICENSEE hereunder shall terminate.
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Ceasing of operations. 28.01 In the event that the Employer permanently shuts down any restaurant covered by this Agreement, the Union shall receive as much advance notice as possible but in any case shall be notified of the closure no less than ninety (90) days in advance of the proposed closure. This shall not apply where the closure is outside of the control of the Employer. Employees laid off as a result of the above situation shall reserve the right to exercise their seniority and bump any Server with less seniority from any other property covered under this collective agreement in order to maintain employment with the employer. The bumping Employee will bring his/her restaurant seniority to the new property.
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Related to Ceasing of operations

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

  • Statement of Operations d. Statement of Changes in Net Assets.

  • Control of Operations Without in any way limiting any party’s rights or obligations under this Agreement, the parties understand and agree that (a) nothing contained in this Agreement shall give Parent or the Company, directly or indirectly, the right to control or direct the other party’s operations prior to the Effective Time and (b) prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.

  • 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.

  • Resignation of Operator Subject to Article 4.11, Operator may resign as Operator at any time by so notifying the other Parties at least one hundred and twenty (120) Days prior to the effective date of such resignation.

  • Conduct of Operations The Board of Directors and the General Partner shall use commercially reasonable efforts to conduct the business of the Partnership and its Affiliates in a manner that does not require a holder of Common Units to file a tax return in any jurisdiction with which the holder has no contact other than through ownership of Common Units.

  • Hours of Operation Tenant will carry on its business diligently and continuously in the Premises and will keep the Premises open for business not less than sixteen (16) consecutive hours each day seven (7) days per week, including holidays. Director or his/her representative may, from time to time, change such required hours of operation, in which event, Tenant will remain open during such revised hours. Similarly, Tenant may, from time to time, request to revise its hours of operation. Such change must be approved by Director or his/her representative, in writing, prior to its occurrence. Tenant may not, at any time, vacate or abandon the Premises.

  • Maintenance of Operations The Company shall maintain operations at the Project for a minimum of ten (10) years beginning on the date the Project is Placed in Service. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including:

  • 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.

  • 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.

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