CONTRACT CONTINUITY Sample Clauses

The Contract Continuity clause ensures that the terms and obligations of a contract remain in effect even if certain events occur that might otherwise disrupt or terminate the agreement. Typically, this clause applies in situations such as mergers, acquisitions, or changes in ownership, where the parties want to guarantee that the contract remains binding regardless of such changes. Its core practical function is to provide stability and predictability by preventing the contract from being unintentionally voided or interrupted due to organizational changes or unforeseen circumstances.
CONTRACT CONTINUITY. In the event negotiations for a successor agreement have not been concluded prior to the expiration date of this agreement, administrators shall continue to receive the same salary for the same job assignment as received during the prior year, until a new agreement is concluded. In the event negotiations for a successor agreement have not been concluded prior to the expiration date of this agreement, the following contractual benefits shall also continue in effect until a new agreement is concluded: Insurance and insurance reimbursement benefits, special leaves, Vacations, Holidays, Sick Leave, Grievance Procedure and Fair Dismissal Procedure. The continuity provided in this section shall not apply in the event of an unlawful work stoppage or job action.
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CONTRACT CONTINUITY. Continuing contracts, once granted to a teacher by the Board of Education of the 35 Jefferson Schools, shall be in force until a teacher is discharged through the regular procedure as 36 outlined by the Michigan Tenure Act, as revised. 37
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CONTRACT CONTINUITY. A. No Strike No Lockout During the term of this Agreement, USofCC, its officers and unit members, agree that it and they will not engage in, or in any way encourage or sanction any strike, sympathy strike, sit-down, boycott, picketing or action in support of a collective bargaining issue that will interrupt or interfere with any operations of the College. Any unit member who violates the provision of this section shall be subject to discipline by the College. USofCC and its officers agree to make a good faith effort to prevent USofCC and its unit members from violating this provision of the Agreement. The College agrees that it will not lock out any unit members during the term of this Agreement, provided this provision is not violated by any unit member or USofCC. B. Separability and Duration Any provision of this Agreement deemed illegal or invalid in part or in whole by any court or government agency of competent jurisdiction shall not invalidate the entire Agreement or any other part or portion of the Agreement. Either party can initiate a renegotiation of the invalidated provision if permissible by law. The Agreement shall be binding and effective as of the date of ratification by both parties and shall expire on August 31, 2018 and thereafter automatically renew from year to year unless no greater than 90 nor fewer than 60 calendar days prior to any expiration date either party notifies the other in writing of its desire to renegotiate this Agreement. The parties may mutually agree, in writing, to begin negotiations for a renewal agreement earlier than 90 days before expiration.
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CONTRACT CONTINUITY. 4.41.1 Each and every sentence, and each and every paragraph and provision of this agreement shall be severable, and in the event that any one or more of the same is declared invalid or unenforceable, the balance shall survive and remain in full force and effect thereafter.
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CONTRACT CONTINUITY. If Mackenzie or any Subsidiary shall either receive or tender notification of cancellation to provide investment advisory or investment management services to a substantial amount (measured in either volume of service or number of clients) of the clients to which any Borrower is currently contractually obligated to provide such services; or
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CONTRACT CONTINUITY 
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Related to CONTRACT CONTINUITY

  • Business Continuity Registry Operator shall maintain a business continuity plan, which will provide for the maintenance of Registry Services in the event of an extraordinary event beyond the control of the Registry Operator or business failure of Registry Operator, and may include the designation of a Registry Services continuity provider. If such plan includes the designation of a Registry Services continuity provider, Registry Operator shall provide the name and contact information for such Registry Services continuity provider to ICANN. In the case of an extraordinary event beyond the control of the Registry Operator where the Registry Operator cannot be contacted, Registry Operator consents that ICANN may contact the designated Registry Services continuity provider, if one exists. Registry Operator shall conduct Registry Services Continuity testing at least once per year.

  • Business Continuity Plan The Warrant Agent shall maintain plans for business continuity, disaster recovery, and backup capabilities and facilities designed to ensure the Warrant Agent’s continued performance of its obligations under this Agreement, including, without limitation, loss of production, loss of systems, loss of equipment, failure of carriers and the failure of the Warrant Agent’s or its supplier’s equipment, computer systems or business systems (“Business Continuity Plan”). Such Business Continuity Plan shall include, but shall not be limited to, testing, accountability and corrective actions designed to be promptly implemented, if necessary. In addition, in the event that the Warrant Agent has knowledge of an incident affecting the integrity or availability of such Business Continuity Plan, then the Warrant Agent shall, as promptly as practicable, but no later than twenty-four (24) hours (or sooner to the extent required by applicable law or regulation) after the Warrant Agent becomes aware of such incident, notify the Company in writing of such incident and provide the Company with updates, as deemed appropriate by the Warrant Agent under the circumstances, with respect to the status of all related remediation efforts in connection with such incident. The Warrant Agent represents that, as of the date of this Agreement, such Business Continuity Plan is active and functioning normally in all material respects.

  • Continuity Each of the provisions of this Agreement will be binding upon and inure to the benefit and detriment of the Parties and the successors and assigns of the Parties.

  • BUSINESS CONTINUITY/DISASTER RECOVERY In the event of equipment failure, work stoppage, governmental action, communication disruption or other impossibility of performance beyond State Street’s control, State Street shall take reasonable steps to minimize service interruptions. Specifically, State Street shall implement reasonable procedures to prevent the loss of data and to recover from service interruptions caused by equipment failure or other circumstances with resumption of all substantial elements of services in a timeframe sufficient to meet business requirements. State Street shall enter into and shall maintain in effect at all times during the term of this Agreement with appropriate parties one or more agreements making reasonable provision for (i) periodic back-up of the computer files and data with respect to the Trusts; and (ii) emergency use of electronic data processing equipment to provide services under this Agreement. State Street shall test the ability to recover to alternate data processing equipment in accordance with State Street program standards, and provide a high level summary of business continuity test results to the Trusts upon request. State Street will remedy any material deficiencies in accordance with State Street program standards. Upon reasonable advance notice, and at no cost to State Street, the Trusts retain the right to review State Street’s business continuity, crisis management, disaster recovery, and third-party vendor management processes and programs (including discussions with the relevant subject matter experts and an on-site review of the production facilities used) related to delivery of the service no more frequently than an annual basis. Upon reasonable request, the State Street also shall discuss with senior management of the Trusts any business continuity/disaster recovery plan of the State Street and/or provide a high-level presentation summarizing such plan.”