Continuing Commitment Sample Clauses

The Continuing Commitment clause requires certain obligations or responsibilities of the parties to remain in effect even after the main agreement has ended or specific transactions are completed. Typically, this clause applies to duties such as confidentiality, indemnification, or non-compete provisions, ensuring that these commitments survive the termination or expiration of the contract. Its core practical function is to maintain essential protections and obligations beyond the contract's duration, thereby addressing ongoing risks or interests that persist after the formal relationship concludes.
Continuing Commitment. It is the express intention of the City and the Company that the collaborative effort provided for in this Article continue for the entire term of this Franchise. The City and the Company also recognize, however, that the programs identified in this Article may be for a limited duration and that the regulations and technologies associated with Energy Conservation are subject to change. Given this variability, the Company agrees to maintain its commitment to sustainable development and Energy Conservation for the term of this Franchise by continuing to provide leadership, support and assistance, in collaboration with the City, to identify, develop, implement and maintain new and creative programs similar to the programs identified in this Article in order to help the City achieve its environmental goals.
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Continuing Commitment. The parties agree to continue to meet throughout the contract term in order to address and resolve problems that may arise in the course of the memorandum of agreement between the parties. The meetings will be, as needed, between FHSU-AAUP and other relevant faculty members, and the appropriate administrator(s). It is the intent of this article to provide an open dialogue between the parties to address problems that arise in the normal course of a memorandum of agreement term, to attempt to find solutions and to continue the free exchange of information and ideas that has developed through the meet and confer process. The parties will formally meet through the meet and confer process annually to discuss salary and merit and every 3rd year for remaining items contained in the MOA.
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Continuing Commitment. The foregoing procedures and policies shall be reviewed as necessary by a committee comprised of representatives from the principals’ Administrative Team, Board of Education, and the Superintendent.
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Continuing Commitment. The foregoing procedures and policies shall be reviewed as necessary by a committee comprised of representatives from the principals’ Administrative Team, Board of Education, and the superintendent. TEACHER TRANSFER APPLICANT SCREENING GRID 48 This Agreement entered into this first day of July, 2008, by and between the Board of Education of the City of Owosso, Michigan, hereinafter called the “Board” and the Owosso Education Association, hereinafter called the “Association.”
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Continuing Commitment. Kaswen agrees, upon request by the Company, to consult with and provide all reasonable assistance to the Company and to legal counsel for the Company in the investigation, defense, institution and/or maintenance by the Company of all: (i) litigation or potential or existing claims pending as of the Effective Date; (ii) matters within the expertise of Kaswen and in which he was involved or of which he had knowledge during his employment with the Company; or, (iii) matters in which Kaswen becomes involved or of which he obtains knowledge during his employment relationship with the Company. Such assistance includes without limitation, reasonable attendance as a witness at depositions, trials or other similar proceedings. The Company agrees to reimburse Kaswen for any and all reasonable out-of-pocket costs incurred by Kaswen in connection with said cooperation and assistance.
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Continuing Commitment. Subject to the terms and conditions of this Agreement, amounts prepaid by the Issuer pursuant to this Section 2.4 (Optional Prepayment) may be subsequently drawn down.
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Continuing Commitment. The Registrars for Teacher Certification will continue to work on the reconciliation of the standards for teacher certification, and on accommodation mechanisms to facilitate the mobility of teachers between the provinces and territories. Note:
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Continuing Commitment. The parties agree to continue to meet throughout the contract term in order to address and resolve problems that may arise in the course of the memorandum of agreement between the parties. The meetings will be, as needed, between FHSU-AAUP and other relevant faculty members, and the appropriate administrator(s). It is the intent of this Article to provide an open dialogue between the parties to address problems that arise in the normal course of a memorandum of agreement term, to attempt to find solutions and to continue the free exchange of information and ideas that has developed through the meet and confer process. In particular, parties agree that for the academic year of 2016-2017, the parties will meet on a bi-weekly basis to complete the negotiations that are traditionally done on the 3 year cycle. The parties have agreed to continue to negotiate and review specifically the following Articles: Article VII: Workload; Article VIII: Merit Evaluation; Article IX: Tenure; Article XI: Promotion; Article XII: Reappointment, Merit and Promotion for Non-Tenure Track (NTT) Faculty and Tenure discussion as it specifically relates to Librarians. Parties agree that they will meet to negotiate as soon as practical after receipt of budget information necessary to review Article IV: Salary. Furthermore, the complete 2015 Budget will still be provided to AAUP and presented to the Library for printing as soon as available. AAUP recognizes that the 2016 Budget was provided along with supporting documentation for the 2015 Budget to aid as a stop-gap for the information not provided in the past.
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Continuing Commitment. Hence fourth the parties to this agreement, shall strive to continually improve on existing arrangements.
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Related to Continuing Commitment

  • Revolving Commitment Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrowers from time to time from the Effective Date until the Termination Date, or such earlier date as the Revolving Commitments shall have been terminated as provided herein for the purposes hereinafter set forth (provided, that, all Revolving Loans made prior to the Effective Time (as defined in the Merger Agreement) shall be made to Speedway Funding); provided, however, that (x) the sum of the aggregate principal amount of outstanding Revolving Loans at any time shall not exceed the Revolving Committed Amount and (y) the sum of the aggregate principal amount of outstanding Revolving Loans on the Effective Date shall not exceed $20,000,000 (which outstanding amount shall result only from borrowings of Revolving Loans the proceeds of which are used to finance the Offer (as defined in the Merger Agreement) and for fees and expenses related to the Merger); provided, further, (i) with regard to each Revolving Lender individually, such Lender’s share of outstanding Revolving Obligations shall not exceed such Lender’s Revolving Commitment Percentage of the Revolving Committed Amount and (ii) with regard to the Revolving Lenders collectively, the aggregate principal amount of outstanding Revolving Obligations shall not exceed ONE HUNDRED MILLION DOLLARS ($100,000,000) (as such aggregate maximum amount may from time to time be increased pursuant to Section 2.6 or reduced as provided in Section 3.3). Revolving Loans may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrowers may request and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, that no more than six Eurodollar Loans shall be outstanding hereunder at any time with respect to Revolving Loans. For purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they begin on the same date and have the same duration, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period.

  • L/C Commitment (a) Subject to the terms and conditions hereof, each Issuing Lender, in reliance on the agreements of the other Lenders set forth in Section 3.4(a), agrees to issue Letters of Credit upon the request and for the account of the Borrower (and for the benefit of the Borrower or any Subsidiary of the Borrower) on any Business Day during the Revolving Commitment Period in such form as may be approved from time to time by such Issuing Lender; provided that no Issuing Lender shall issue any Letter of Credit if, (i) after giving effect to such issuance, (A) the L/C Exposure would exceed the L/C Commitment or (B) the aggregate amount of the Available Revolving Commitments would be less than zero or (C) unless otherwise agreed to by such Issuing Lender, the L/C Exposure with respect to all Letters of Credit issued by such Issuing Lender would exceed such Issuing Lender’s Specified L/C Commitment or (ii) such Issuing Lender shall have received written notice from the Administrative Agent or the Borrower, at least one Business Day prior to the requested date of issuance or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in Section 5.2 shall not have been satisfied. On the Restatement Effective Date, each Existing Letter of Credit shall be deemed to be a Letter of Credit issued hereunder for the account of the Borrower. Each Letter of Credit shall (i) be denominated in Dollars and (ii) expire no later than the earlier of (x) the first anniversary of its date of issuance and (y) the date that is five Business Days prior to the Revolving Termination Date (as it may be extended, so long as the Available Revolving Commitments of all Continuing Lenders would equal or exceed zero following such extension); provided, however, that any Letter of Credit, whether newly requested or an existing Letter of Credit that is extended or automatically renewed, may have an expiration date after the Revolving Termination Date (so long as such expiration date remains in compliance with clause (x) above) so long as the Borrower cash collateralizes such Letter of Credit at 101% of the available face amount of such Letter of Credit on or prior to the date which is five Business Days prior to the Revolving Termination Date and the Administrative Agent and the relevant Issuing Lender providing such Letter of Credit agree to such expiration date at the time such Letter of Credit or extension is requested or at the time such existing Letter of Credit is to be automatically renewed, as applicable; provided further that any Letter of Credit (other than a Letter of Credit to which Section 2.18(c)(ii) applies) with a one-year term may provide for the renewal thereof for additional one-year periods (which shall only extend beyond the date referred to in clause (y) above if the condition described in the first proviso of this sentence is satisfied). (b) No Issuing Lender shall at any time be obligated to issue any Letter of Credit if (i) any order, judgment or decree of any Governmental Authority or arbitrator having jurisdiction over the Issuing Lender shall by its terms (x) purport to enjoin such Issuing Lender from issuing such Letter of Credit, or any Requirement of Law applicable to such Issuing Lender shall prohibit such Issuing Lender from the issuance of letters of credit, generally, or such Letter of Credit, in particular or (y) impose upon such Issuing Lender with respect to any such Letter of Credit any reserve, capital or liquidity requirement (for which such Issuing Lender is not compensated hereunder or otherwise by agreement of the Borrower) not in effect on the Restatement Effective Date or impose on such Issuing Lender any loss, cost or expense (for which such Issuing Lender is not compensated hereunder or otherwise by agreement of the Borrower) which such Issuing Lender in good ▇▇▇▇▇ ▇▇▇▇▇ material to it or (ii) the issuance of such Letter of Credit would violate the legal, regulatory or compliance policies of such Issuing Lender applicable to letters of credit generally, in each case, to the extent such policies and prohibitions are implemented to comply with applicable law or regulation binding upon such Issuing Lender and are being applied with respect to the Borrower consistently with such application thereof to all similarly situated Borrowers under similar circumstances.

  • Revolving Commitments (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time on any Business Day during the Commitment Period, at such times as the Borrower may request in accordance with Section 2.2, in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Applicable Percentage of the aggregate principal amount of Swingline Loans then outstanding, does not exceed the amount of such Lender’s Commitment; provided, however, that (i) no Revolving Loan shall be made to the extent the aggregate unpaid principal amount of all Loans would exceed the Total Commitments, (ii) no Borrowing Base A Loans shall be made to the extent that the aggregate unpaid principal amount of all Borrowing Base A Loans would exceed the aggregate Loan Value of the Pledged Eligible Assets (including the Pledged Eligible Assets referred to in Section 2.2(a)(ii) with respect to such Revolving Loan) and (iii) no Borrowing Base B Loans shall be made to the extent that the aggregate amount of all Borrowing Base B Loans would exceed the Borrowing Base B Limit; provided further that Borrowing Base B Loans may not be borrowed on any date in any rolling period of 90 consecutive days if Borrowing Base B Loans have already been outstanding for 30 days during such period. During the Commitment Period, the Borrower may borrow, prepay the Revolving Loans in whole or in part, and reborrow, all in accordance with the terms and conditions hereof. (b) The Borrower shall repay all outstanding Revolving Loans on the Termination Date. (c) The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

  • Term Commitment Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, (i) the Fronting Bank severally agrees, to the extent, in each case, that the Administrative Agent has received corresponding payments from other Lenders pursuant to clause (ii) below, to make available to the Borrower up to seven (7) advances of term loans in Dollars ("Delayed-Draw Term Loans") from time to time from the Closing Date until the Delayed-Draw Term Loan Commitment Termination Date and (ii) each Lender severally agrees, for the benefit of the Borrower, to purchase from the Fronting Bank such Lender's Delayed-Draw Term Loan Commitment Percentage of each such Delayed-Draw Term Loan advanced by the Fronting Bank; provided, however, that (i) the aggregate principal amount of all Delayed-Draw Term Loans shall not exceed SEVENTY-FIVE MILLION DOLLARS ($75,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 3.4, the "Delayed-Draw Term Loan Committed Amount") and (ii) with regard to each Lender individually, such Lender shall not be required to purchase outstanding Delayed-Draw Term Loans in an aggregate amount exceeding such Lender's Delayed-Draw Term Loan Commitment Percentage of the Delayed-Draw Term Loan Committed Amount. Delayed-Draw Term Loans may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request (subject to the terms of this Section 2.3); provided, however, that no more than ten (10) Eurodollar Loans which are Delayed-Draw Term Loans shall be outstanding hereunder at any time (it being understood that, for purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period). Amounts repaid or prepaid on the Delayed-Draw Term Loans may not be reborrowed.

  • Total Commitment The sum of the Commitments of the Banks, as in effect from time to time.