Exit Process Sample Clauses

Exit Process. 61.1 During the Contract Period a new working relationship may be discussed with the market. During the lifetime of this contract, information and process development will need the cooperation of the Provider; this will not be unreasonably withheld. 61.2 It is important that the eventual exit from this contract is considered, either by renewal with another supplier, requirement discontinuation, or contract termination. For each option, the Provider will be required to confirm how it will address the situation, as necessary. The Provider accepts a contractual commitment to undertake and fully cooperate with the Council and other Contracting Authorities to ensure a timely and accurate contract changeover. 61.3 If the Provider exits this Contract, for any reason, all details relating to the Service User, supported by the Council funding, should be delivered to the Council within seven (7) Working Days of the Expiry Date. 61.4 The Provider is to engage actively with the Council to ensure that a transition to a new service provider can be completed with minimal disruption and emotional impact to the Service User. 61.5 A full inventory of the Service User’s personal provisions is to be completed with the Council’s Contract Manager. 61.6 Time and resources will be made available by the Provider to ensure that all queries are resolved within seven (7) Working Days of Contract termination.

Exit Process wishing to exit a Pre-AP or AP course between the 16th and 20th day of the semester must take the following steps: • Participate in a documented student/parent/teacher intervention meeting. • Obtain a Pre-AP/AP Exit Form from the counselor’s office. • Complete the exit form, along with student, parent, teacher, and counselor signatures. • Submit the exit form to the counseling center between the 16th and 20th day of the semester or prior to the end of the first semester for a second semester change. • Pre-AP exit forms only may also be turned in at the end of the first grading period or prior to the end of the first semester for a second semester change. A student desiring to exit an AP course after the 20th day of the semester must take the following steps: • Attend a minimum of 3 documented tutorial sessions. • Attend a documented student/parent/teacher/counselor conference. • Obtain an exit form from the counselors’ office and complete the form, along with the parent, teacher, counselor and student signatures. • Submit the exit form to the counseling center for consideration by the AP campus steering committee. • Once the student completes the required steps, the campus steering committee will decide whether to approve or deny the student’s request. In all cases, for Pre-AP or AP exit requests, if the request is approved, schedule changes will be subject to course availability. If a student transfers out of a class, the student’s grades will directly transfer to the course into which the student enters. Students beginning the second semester of a two-semester course are expected to remain in the course throughout the semester.

Exit Process. Upon the occurrence of an Exit Trigger Event, an exit mechanism consisting in a process having as its goal the sale of 100% of the share capital of the Company or substantially all of the assets of the Company in accordance with this clause (an “Exit”) shall be initiated. (i) As soon as possible following the date on which the Board had received an Exit Trigger Notice, the Board shall notify such event to the Shareholders establishing a one (1) month period for any Shareholder that intends to participate in the sale process to confirm in writing to the Board whether it or any Affiliate will, directly or indirectly, participate as a bidder, as part of a bidding group or in agreement with any bidder (such persons being a “Relevant Bidder”). The Board shall not be obliged to consider any offer from any Shareholder that has failed to notify its intention to participate in the sale process within the period established by the Board in accordance with this paragraph. (ii) The Exit Triggering Party shall, in any event, participate in the Exit as a bona fide Relevant Bidder including, for the avoidance of doubt, if on or after the date on which the Exit Trigger Event has been triggered the Exit Triggering Party had Transferred all or part of its Shares. Notwithstanding the above, the Exit Triggering Party or any subsequent replacing Shareholder in accordance with the provisions of this clause 11.2(ii), may be released from its obligation to act as bona fide Relevant Bidder if: (a) Shares so Transferred by the Exit Triggering Party (or a subsequent replacing Shareholder accepted as bona fide Relevant Bidder by the Board) are acquired by a single third party (whether directly, indirectly or through one or more of its Affiliates); (b) such third party accedes this Agreement and submits to the Board a formal, irrevocable, binding and enforceable commitment to replace the Exit Triggering Party (or a subsequent replacing Shareholder accepted as bona fide Relevant Bidder by the Board) as a bona fide Relevant Bidder; and (c) the Board approves the replacement of the Exit Triggering Party (or a subsequent replacing Shareholder accepted as bona fide Relevant Bidder by the Board) as bona fide Relevant Bidder. (iii) Following the date on which the period referred to in paragraph (i) above has elapsed, the Board shall promptly engage an independent financial advisor in order to set up, co-ordinate and advise during the Exit through an auction or bidding process for the sale of...

Exit Process