Default Schedule Sample Clauses
The Default Schedule clause outlines the specific timeline and procedures that apply if a party fails to meet its obligations under the agreement. Typically, this clause details the sequence of events following a default, such as notice periods, grace periods for remedying the default, and the escalation of consequences if the default is not cured. By clearly defining the steps and deadlines involved in addressing a default, this clause ensures both parties understand their rights and responsibilities, thereby reducing uncertainty and facilitating the orderly resolution of breaches.
Default Schedule. If Buyer does not submit a timely Day-Ahead or Two-Day Ahead Schedule, as applicable, then the schedule, for the applicable operating day is deemed to be, in every Settlement Interval of the applicable operating day, 0 MW for the Daily Capacity Commitment, 0 MW of Energy, and 0 MW of Ancillary Services, and that deemed schedule may not be changed in any Hour-Ahead Schedule.
Default Schedule. The parties to this Agreement hereby elect “Alternate 1” and adopt the following required increases to hourly Pension Fund contributions.
Default Schedule. Agreement Notwithstanding any other provisions in this Collective Agreement, the Company may introduce a Continuous Operation schedule for any manufacturing system, packaging line or support service, as per business needs. Prior to implementing a Continuous Operation schedule in any manufacturing system, packaging line or support service, the Company will notify the Union thirty (30) calendar days in advance that the Continuous Operation will be implemented. Before ending a Continuous Operation schedule and returning to the 5x8 production, the Company will provide the Union thirty (30) calendar days in advance with the business need and inform the Union that the Continuous Operation schedule will end. The Company shall give fifteen (15) days’ notice to any labour pool employee who is to be moved into or out of the 7/24 continuous operations schedule. Emergency Declaration It is understood that extenuating circumstances resulting from an emergency (act of god, terrorism, bomb threats, fire, flood, explosion, etc.) may lead to partial or complete shut down of an area or department while on the Continuous Operation schedule. In such a circumstance, the Continuous Operation schedule for that area will be stopped without notification identified above. If required, the Continuous Operation schedule will resume upon reparation of the impacted areas. For the purposes of calculating Overtime Premium Pay (page scheduled hours that are not worked solely due to the extenuating circumstances described above will be counted as regular “hours worked”.