Going Dark Sample Clauses

Going Dark. The effectiveness of the voluntary deregistration of the Company's ordinary shares and suspension of its reporting obligations under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), by way of filing a Form 15 with the SEC (the “Deregistration Condition”). Pursuant thereto, the Company intends to file on January 3, 2019 a Form 15. As a result of such filing, the Company will no longer be required to file certain reports under the Exchange Act, including annual reports on Form 20-F and reports on Form 6-K. Other filing requirements will terminate upon the effectiveness of deregistration, which is expected to occur no earlier than 90 days after the filing of the Form 15 with the SEC. The filing of the Form 15 by the Company is supported by shareholders of the Company holding in the aggregate approximately 99.9% of the Company’s issued and outstanding share capital (each, an “Undertaking Shareholder”).
Sample 1
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Going Dark. In the event Tenant ceases to conduct its business in the Premises for a period of three hundred sixty-five (365) days (which 365th day shall be deemed the day Tenant “goes dark”), Landlord shall then have the right, to be exercised at any time after the date Tenant goes dark, to terminate this Lease upon written notice to Tenant (the “Termination Notice”). In the event that Landlord exercises its option to terminate this Lease, then this Lease shall terminate on the ninetieth (90th) day following the Termination Notice is sent to Tenant (the “Termination Date”) and Landlord and Tenant shall be released from all of their obligations hereunder after the Termination Date, except those obligations which expressly survive the expiration or termination of this Lease. Notwithstanding the foregoing, the Termination Notice shall not be effective if on or before the Termination Date Tenant (i) reopens the Premises for the conduct of its business, or (ii) subleases the entire Premises or assigns this Lease, and the sublessee or assignee reopens the Premises for the conduct of its business. Any such sublease or assignment shall be subject to the provisions of Paragraph 25. Tenant shall not be deemed to have ceased operating its business if there is an assignment of this Lease or a subletting of the Premises in accordance with Paragraph 25 or the Premises (or any portion thereof) is closed (1) due to damage by fire or casualty, or a taking by eminent domain, (2) for Alterations or repairs being diligently prosecuted, including, without limitation, renovations or other preparations by an assignee or subtenant, or (3) for the review of and accounting for inventory by Tenant in the normal course of its business.
Sample 1
Going Dark. During the Term, unless otherwise agreed by the Committee, HHLV shall not cease operating the Project in the ordinary course of business, except due to Events of Force Majeure.
Sample 1
Going Dark. If, during the term of this Lease, Tenant discontinues conducting business to the public in the Store and vacates the Store ("goes dark"), and the Store remains dark for a period of four (4) months, Landlord may, at any time after the expiration of such four (4) month period while the Store remains dark, notify Tenant of its intent to terminate this Lease, which termination will be effective sixty (60) days after the receipt of such notice; provided, however, that if Tenant notifies Landlord within thirty (30) days after receipt of such notice that all or a part of the Store will be re-opened for business by Tenant as of a date certain not more than ninety (90) days after t h e date of Tenant's notice, Landlord's notice of termination will be of no force and effect and this Lease shall continue so long as Tenant does then timely reopen the Store. Tenant is not deemed to have gone dark if it closes the Store to the general public (i) in order to prepare for sales or to take stock of current inventory, provided that the same does not result in Tenant's business being closed to the public for more than ten (10) consecutive business days, or for more than twenty (20) total business days, in any consecutive twelve (12) month period; (ii) in connection with the performance of any construction, alteration, repair or restoration work on the Demised Premises so long as the same is diligently pursued by Tenant and does not result in Tenant's business being closed to the public for more than two hundred forty (240) days in any consecutive twelve (12) month period; (iii) to accommodate a change in use of the Store or pursuant to an assignment or subletting of the Store, provided that the same does not result in the Store being closed to the public for more than one hundred fifty (150) days in any consecutive twelve (12) month period; or (iv) while a condition of force majeure prevents operation and for a reasonable time thereafter.
Sample 1

Related to Going Dark

  • Night Shift Differential 1. An employee who works an assigned night shift shall, in addition to his or her regular salary, be paid a night shift differential for each hour actually worked on the assigned night shift.

  • Night Differential Employees whose weekly work schedules consist of regularly scheduled night tours shall receive a night differential of ten percent (10%) of their Adjusted Rate. Employees who work fewer than five (5) night tours in a calendar week shall be paid a differential equal to one-fifth (1/5) of the night differential for each scheduled tour so worked.

  • Leadwork Differential (a) Leadwork differential shall be defined as a differential for employees who have been formally assigned by their supervisor in writing, “leadwork” duties for ten (10) consecutive calendar days (or the equivalent thereof for alternate or flexible schedules) or longer provided the leadwork or team leader duties are not included in the classification specification for the employee’s position. Leadwork is where, on a recurring daily basis, the employee has been directed to perform substantially all of the following functions: to orient new employees, if appropriate; assign and reassign tasks to accomplish prescribed work efficiently; give direction to workers concerning work procedures; transmit established standards of performance to workers; review work of employees for conformance to standards; and provide informal assessment of workers’ performance to the supervisor.

  • Weekend Differential Employees assigned to State institutions other than Maine State Prison shall be eligible for a weekend differential of fifty cents ($.50) per hour to the base for shifts beginning between 10:00 p.m. Friday and 9:59 p.m.

  • Effective December 31, 1993 and annually thereafter, the total monthly payment of LTIP under the Plan shall be increased by up to 2.5% based on the average annual increase in the Ontario Consumer Price Index (CPI) as published by Statistics Canada each January.

  • Inability to Pay Debts; Attachment (i) Any Loan Party or any Subsidiary thereof becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or

  • Upset Date If the Closing shall not have occurred on or prior to the Upset Date as extended as provided in Section 8.1(a)(3) or Section 8.1(a)(4), unless the failure of the Closing to occur was principally caused by any Buyer's or Charter's failure to act in good faith or a breach of or failure to perform any of its representations, warranties, covenants or other obligations in accordance with the terms of this Agreement.

  • Rest Period After Overtime (a) When overtime work is necessary, it will, wherever reasonably practicable, be so arranged that employees have at least 10 consecutive hours off duty between the work of successive days or shifts, including overtime.

  • Bilingual Differential When formally assigned in the employee’s position description, an employee assigned to interpret to or from another language to English will receive a differential of five percent (5%) of base pay.

  • Six-Month Delay Notwithstanding anything to the contrary in this Agreement, no compensation or benefits, including without limitation any severance payments or benefits payable under this Section 4, shall be paid to the Executive during the six-month period following the Executive’s Separation from Service if the Company determines that paying such amounts at the time or times indicated in this Agreement would be a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code. If the payment of any such amounts is delayed as a result of the previous sentence, then on the first day of the seventh month following the date of Separation from Service (or such earlier date upon which such amount can be paid under Section 409A without resulting in a prohibited distribution, including as a result of the Executive’s death), the Company shall pay the Executive a lump-sum amount equal to the cumulative amount that would have otherwise been payable to the Executive during such period.

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