Division of Sample Clauses

Division of. Net Proceeds". The second paragraph of Section 5.1 is deleted in its entirety. The word "new" in the first line of the third paragraph of Section 5.1 is deleted. The phrase "other type of" is inserted before the word "Product" in the second line of the first sentence of the first paragraph of Section 5.1, so that such sentence reads "The allocation of Net Proceeds between MSS and the University with respect to each other type of Product within the Project Scope ..." Insert the following sentence in front of the first sentence of the first paragraph of Section 5.1: Net Proceeds with respect to the Initial Coronary Artery Disease Test and all other diagnostic and/or monitoring genetic tests that are commercialized hereunder will be allocated [ * ] to MSS and [ * ] to the University.
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Division of. Net Proceeds". The second paragraph of Section 5.1 is deleted in its entirety. The word "new" in the first line of the third paragraph of Section 5.1 is deleted. The phrase "other type of" is inserted before the word "Product" in the second line of the first sentence of the first paragraph of Section 5.1, so that such sentence reads "The allocation of Net Proceeds between MSS and the University with respect to each other type of Product within the Project Scope ..." Insert the following sentence in front of the first sentence of the first paragraph of Section 5.1: Net Proceeds with respect to the Initial Eye Disease Test and all other diagnostic and/or monitoring genetic tests that are commercialized hereunder will be allocated [ * ] to MSS and [ * ] to the University.
Sample 1Sample 2
Division of. Net Proceeds". The second paragraph of Section 5.1 is deleted in its entirety. The word "new" in the first line of the third paragraph of Section 5.1 is deleted. The phrase "other type of" is inserted before the word "Product" in the second line of the first sentence of the first paragraph of Section 5.1, so that such sentence reads "The allocation of Net Proceeds between MSS and the University with respect to each other type of Product within the Project Scope ..." Insert the following sentence in front of the first sentence of the first paragraph of Section 5.1: Net Proceeds with respect to the Initial Osteoporosis Test will be allocated [ * ] to MSS and [ * ] to the University. Net Proceeds with respect to all other diagnostic and/or monitoring genetic tests that are commercialized hereunder will be allocated [ * ] to MSS and [ * ] to the University.
Sample 1Sample 2
Division of. Unlicensed Personnel in their respective departments shall be afforded equal opportunity to participate in overtime work that has to be performed. LEA AND In all classifications covered by this Agreement, monthly leave with pay shall be granted as set forth below, exclusive of annual vacation. Where the twelve hour day applies, the time off schedule will consist of days off for each day worked. ci Where the eight hour day applies,. leave will be calculated on a basis consistent with Section of this Article. five The Company shall give the employee hours notice of leave when the leave is to exceed except in extenuating circumstances and will provide twelve days, hours confirmation. Similarly, an employee requesting leave shall give hours notice, except in extenuating circumstances. hours notice of sailing will be given an employee returning from leave of more than five days. hours notice of sailing is not given the employee may refuse to sail. Employees who are due or are on scheduled leave (lay days) shall be entitled to take additional accumulated leave provided they give the Company seven days notice prior to commencing the additional leave. This arrangement shall not give rise to red day payments. All monthly leave will be granted in the vessel's home port unless otherwise mutually agreed. consecutive hours free of the ship shall constitute a day off. This time commence any time from until midnight. One half day's pay and leave earned shall be paid to any employee paid off his ship prior to hours; the employee relieving such man prior to hours shall receive one day's pay and leave earned. One day's pay and leave earned. xxx's pay and leave earned shall be paid any employee paid off his ship after hours. The employee relieving such man will be paid one half day's pay and leave earned. Notwithstanding the aforementioned, when a crew has been called in to relieve the board crew ant the crew change occurs one hour or less after noon or midnight, the relieved employees shall only be entitled to overtime payments in accordance with Article and crew If on occasion Companies are unable to schedule regular crew changes at the home dock, crew members who are flown to and from the vessel will receive no additional payments so long as the crew change commences or is completed within two hours either side of noon. Employees with medically recognized fear of flying shall not be expected to crew change by air, Wherever practicable, at the discretion of the Master, a m...
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Related to Division of

  • Division For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time.

  • Divisions For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time.

  • Sub-Divisions If after the date hereof, and subject to the provisions of Section 4.6 below, the number of issued and outstanding Ordinary Shares is increased by a capitalization or share dividend of Ordinary Shares, or by a sub-division of Ordinary Shares or other similar event, then, on the effective date of such share capitalization, sub-division or similar event, the number of Ordinary Shares issuable on exercise of each Warrant shall be increased in proportion to such increase in the issued and outstanding Ordinary Shares. A rights offering made to all or substantially all holders of Ordinary Shares entitling holders to purchase Ordinary Shares at a price less than the “Historical Fair Market Value” (as defined below) shall be deemed a capitalization of a number of Ordinary Shares equal to the product of (i) the number of Ordinary Shares actually sold in such rights offering (or issuable under any other equity securities sold in such rights offering that are convertible into or exercisable for the Ordinary Shares) multiplied by (ii) one (1) minus the quotient of (x) the price per Ordinary Share paid in such rights offering divided by (y) the Historical Fair Market Value. For purposes of this subsection 4.1.1, (i) if the rights offering is for securities convertible into or exercisable for Ordinary Shares, in determining the price payable for Ordinary Shares, there shall be taken into account any consideration received for such rights, as well as any additional amount payable upon exercise or conversion and (ii) “Historical Fair Market Value” means the volume weighted average price of the Ordinary Shares during the ten (10) trading day period ending on the trading day prior to the first date on which the Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. No Ordinary Shares shall be issued at less than their par value.

  • Corporate Organization of the Company (a) The Company has been duly incorporated, is validly existing and in good standing under the Laws of the State of Delaware and has the requisite power and authority to own, lease and operate its assets and properties and to conduct its business as it is now being conducted. The certificate of incorporation and by-laws of the Company previously made available by the Company to Acquiror are true, correct and complete and are in effect as of the date of this Agreement.

  • Organization of the Company The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada.

  • Organization and Corporate Power The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement and the Warrant Agreement.

  • Incorporation and Corporate Power The Company is an exempted company duly incorporated, validly existing and in good standing under the laws of the Cayman Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement and the Warrant Agreement.

  • Corporate Organization The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and has all requisite corporate power and authority to own, operate and lease its properties and to carry on its business as and in the places where such properties are now owned, operated and leased or such business is now being conducted.

  • Chief Executive Office; Change of Name; Jurisdiction of Organization (a) The exact legal name, type of organization, jurisdiction of organization, federal taxpayer identification number, organizational identification number and chief executive office of such Grantor is indicated next to its name in Sections I.A. and I.B. of the Perfection Certificate. Such Grantor shall furnish to the Collateral Agent prompt written notice of any change in (i) its corporate name, (ii) the location of its chief executive office, its principal place of business, any office in which it maintains books or records relating to Collateral owned by it or any office or facility at which Collateral owned by it is located (including the establishment of any such new office or facility), (iii) its identity or type of organization or corporate structure, (iv) its federal taxpayer identification number or organizational identification number or (v) its jurisdiction of organization (in each case, including, without limitation, by merging with or into any other entity, reorganizing, dissolving, liquidating, reincorporating or incorporating in any other jurisdiction). Such Grantor agrees (A) not to effect or permit any such change unless all filings have been made under the UCC or otherwise that are required in order for the Collateral Agent to continue at all times following such change to have a valid, legal and perfected first priority security interest in all the Collateral (subject to, with respect to priority, Permitted Encumbrances having priority by operation of law) and (B) to take all action reasonably satisfactory to the Collateral Agent to maintain the perfection and priority of the security interest of the Collateral Agent for the benefit of the Credit Parties in the Collateral intended to be granted hereunder. Each Grantor agrees to promptly provide the Collateral Agent with certified Organization Documents reflecting any of the changes described in the preceding sentence.

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