Financial Responsibility Sample Clauses
Financial Responsibility. You understand that you remain, solely and exclusively responsible for any and all financial risks, including, without limitation, insufficient funds associated with accessing the Service. The Credit Union shall not be liable in any manner for such risk unless Credit Union fails to follow the procedures described in materials for use of the service. You assume exclusive responsibility for the consequences of any instructions you give to the Credit Union, for your failures to access the Service properly in a manner prescribed by the Credit Union, and for your failure to supply accurate input information, including, without limitation, any information contained in an application.
Financial Responsibility. The Business Associate shall be responsible for all costs related to the notice required by this Section.
Financial Responsibility. II.18.1 The beneficiaries agree to be irrevocably and unconditionally, jointly and severally responsible for any amount due to the Commission by one of them which could not be honoured by the latter. The amount due to the Commission will not exceed the maximum value of the contribution that could be granted to the beneficiaries in accordance with Article I.4.3, increased where applicable by interest on late payment.
II.18.2 The beneficiaries are not jointly responsible for financial penalties which could be imposed on any defaulting beneficiary in accordance with Article II.12.
Financial Responsibility. A Controlled Affiliate shall be operated in a manner that provides reasonable financial assurance that it can fulfill all of its contractual obligations to its customers.
Financial Responsibility. Business Associate shall be responsible for reasonable costs related to the notices required under this Agreement.
Financial Responsibility. Section 9.1 If at any time during the term of this Agreement: (a) Producer fails to pay according to terms of this Agreement or (b) Gatherer, in its sole judgment reasonably exercised, determines that the credit worthiness or financial responsibility of Producer has become impaired or is otherwise unsatisfactory, then Gatherer may, upon written notice to Producer, require Producer to pay for the gathering of Gas under this Agreement in cash in advance of Gatherer’s gathering services or request a letter of credit from an institution, and upon terms and conditions, satisfactory to Gatherer or require other security satisfactory to Gatherer before further gathering services are provided. If Producer (i) makes an assignment or any general arrangement for the benefit of creditors or has such petition filed or proceeding commenced against it, (ii) otherwise becomes bankrupt or insolvent (however evidenced), (iii) is unable to pay its debts as they fall due, or (iv) fails to give adequate security for or assurance of its ability to perform its obligations under this Agreement within forty-eight (48) hours of reasonable request by Gatherer, then, unless Producer provided Gatherer with immediate surety of payment, in the form of a repayment for gathering services for a minimum period of 60 days of anticipated Gas flow or by any other form of surety of payment reasonably acceptable to Gatherer, Gatherer will have the right to suspend services hereunder (in whole or part) or to terminate this Agreement (in whole or part) without prior notice and without prejudice to any and all claims for damages or other rights and remedies available under this Agreement or pursuant to law, and without liability of any kind or character to Producer. Producer hereby grants Gatherer on behalf of itself a security interest in all Gas owned or controlled by Producer in Gatherer’s possession to secure payment of all fees and other amounts due under this Agreement and, following a Producer default, in accordance with Section 13.2, the Gatherer may foreclose this possessory security interest in any reasonable manner. Upon request, Producer will execute a UCC-1 or similar financing statement or other documentation suitable for recording describing and implementing this security interest and lien.
Financial Responsibility. Notwithstanding any provisions contained in this section, there shall be no financial responsibility on the part of the Board for the dues of an employee, unless there are sufficient unpaid wages of that employee in the Board's hands.
Financial Responsibility. User will bear all of its own expenses in connection with the performance of this Agreement and will not be entitled to reimbursement of any such expenses by Oracle.
Financial Responsibility. Notwithstanding anything to the contrary in this Agreement, should Seller reasonably believe it necessary to assure payment, Seller may at any time require, by written notice to Buyer, advance cash payment or satisfactory security in the form of a Letter or Letters of Credit at Buyer’s expense in a form and from a bank acceptable to Seller to cover any or all deliveries of crude oil. If Buyer does not provide the Letter of Credit on or before the date specified in Seller’s notice under this section, Seller or Buyer may terminate this Agreement forthwith. However, if a Letter of Credit is required under the Special Provisions of this Agreement and Buyer does not provide same, then Seller only may terminate this Agreement forthwith. In no event shall Seller be obligated to schedule or complete delivery of the crude oil until said Letter of Credit is found acceptable to Seller. Each party may offset any payments or deliveries due to the other party under this or any other agreement between the parties. If a party to this Agreement (the “Defaulting Party”) should (1) become the subject of bankruptcy or other insolvency proceedings, or proceedings for the appointment of a receiver, trustee, or similar official, (2) become generally unable to pay its debts as they become due, or (3) make a general assignment for the benefit of creditors, the other party to this Agreement may withhold shipments without notice.
Financial Responsibility. A. Any Bargaining Unit Member who is not a member of the Association in good standing, or who does not make application for membership within thirty (30) days from the commencement of duties shall, as a condition of employment, pay as a service fee to the Association any amount established by the Association. Provided, however, that the Bargaining Unit Member may authorize payroll deduction for such service fee in the same manner as provided in Article 6.
B. In the event an employee shall not pay such representation service fee directly to the Association or authorize payment through payroll deduction, the Board shall, upon completion of the procedures contained herein at the request of the Association and pursuant to MCLA 408.477; MSA 17.277(7), deduct the representation service fee from the employee’s wages and remit same to the Association. Payroll deductions made pursuant to this provision shall be made as provided in Article 6. The Association in all cases of mandatory fee deduction pursuant to MCAL 408.477; MSA 17.277(7) shall notify the employee of non-compliance by certified mail, return receipt requested. Said notice shall detail the non-compliance and shall provide ten (10) days for compliance, and shall further advise the employee that a request for wage deduction may be filed with the Board in the event compliance is not effected. If the employee fails to remit the fee or fails to authorize the deduction for same, the Association may request the Board to make the deduction. When the employee objects to the appropriate amount of the representation service fee, the amount of the deduction contested shall be placed in an escrow account as required by law until a determination of the appropriate amount of the fee to be deducted, must exhaust the internal administrative procedures of the Association. The remedies of such procedures shall be exclusive, and unless and until such procedures, including any administrative or judicial review thereof, shall have been exhausted, no dispute, claim or complaint by an objecting employee concerning the application and interpretation of this Article shall be subject to the grievance procedure set forth in this Agreement, or to any other administrative or judicial procedure.
C. The Association agrees to indemnify and save harmless the Board of Education, including each individual school board member and authorized agents of the Board, against any and all claims, all demands, costs, suits, or any other form of lia...