Grants and Obligations Regarding Safety Sample Clauses

Grants and Obligations Regarding Safety. The intention of the parties is that fencing and other safety and security devices within the Substation Property and those designed to prevent unauthorized entry into the Combined Substation or onto the Substation Property shall at all times meet or exceed applicable safety standards applied by IPL in design, construction and operation of similar substations under its control. The parties shall cooperate with each other and with Northern to from time-to-time change locks, codes or other security devices as needed to assure needed access to the Substation Property by the parties and Northern. During the Term, but not before the Phase II Substation is completed, the parties grant to each other the right to make emergency repairs to or replacements of safety and security devices with the reasonable cost to be borne fifty percent (50%) by Northern, and 50% by the owners of the NIW II Units and the MGE Unit according to their Proportionate Shares, unless otherwise allocated under the Phase I Interconnection Agreement, the Phase II Interconnection Agreement, or other contracts among the parties. This provision shall not be construed to create any increased duty to or rights in the public or persons not a party to this Agreement.
Sample 1
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Grants and Obligations Regarding Safety. The intention of the parties is that fencing and other safety and security devices within the Substation Property and those designed to prevent unauthorized entry into the Combined Substation or onto the Substation Property shall at all times meet or exceed applicable safety standards applied by IPL in design, construction and operation of similar substations under its control. The parties shall cooperate with each other from time-to-time to change locks, codes or other security devices as needed to assure needed access to the Substation Property by the parties. During the Term, but not before the Phase II Substation is completed, the parties grant to each other the right to make emergency repairs to or replacements of safety and security devices with the reasonable cost to be borne fifty percent (50%) each by Northern and NIW II unless otherwise allocated under the Phase I Interconnection Agreement, the Phase II Interconnection Agreement, the PPA, or other contracts among the parties. This provision shall not be construed to create any increased duty to or rights in the public or persons not a party to this Agreement.
Sample 1

Related to Grants and Obligations Regarding Safety

  • Continuing Rights and Obligations After the satisfaction and discharge of this Indenture, this Indenture will continue for (i) rights of registration of transfer and exchange, (ii) replacement of mutilated, destroyed, lost or stolen Notes, (iii) the rights of the Noteholders to receive payments of principal of and interest on the Notes, (iv) the obligations of the Indenture Trustee and any Note Paying Agent under Section 3.3, (v) the rights, obligations and immunities of the Indenture Trustee under this Indenture and (vi) the rights of the Secured Parties as beneficiaries of this Indenture in the property deposited with the Indenture Trustee payable to them for a period of two years after the satisfaction and discharge.

  • Additional Rights and Obligations If the Company issues securities in its next equity financing (other than a transaction with a strategic partner that involves a financing) within 180 days after the date hereof (the “Next Financing”) that (a) have rights, preferences or privileges that are more favorable than the terms of the Securities, such as price-based anti-dilution protection, or (b) provide all such future investors other contractual terms such as registration rights, the Company shall provide substantially equivalent rights to the Subscriber with respect to the Securities (with appropriate adjustment for economic terms or other contractual rights), subject to such Subscriber’s execution of any documents, including, if applicable, investor rights, co-sale, voting, and other agreements, executed by the investors purchasing securities in the Next Financing (such documents, the “Next Financing Documents”). Notwithstanding anything herein to the contrary, upon the execution and delivery of the Next Financing Documents by Subscriber holding a majority of the then-outstanding Securities, this Subscription Agreement (excluding any then-existing and outstanding obligations) shall be amended and restated by and into such Next Financing Documents and shall be terminated and of no further force or effect.

  • Covenants and Obligations The covenants and obligations of Seller in this Agreement shall have been performed in all material respects.

  • Party B’s Rights and Obligations 1. Party B’s rights

  • Assumption of Liabilities and Obligations (a) Subject to the provisions of paragraph 7, as of the Closing Date, Broadcasting shall assume and undertake to pay, discharge and perform all the obligations and liabilities of Seller relating to a Station under the Assumed Contracts relating to the time period beginning on or arising out of events occurring on or after the Closing Date. Subject to the LMA, all other obligations and liabilities of Seller, including, without limitation, (i) obligations or liabilities under any contract not included in the Assumed Contracts, (ii) obligations or liabilities under any Assumed Contract for which a consent to assignment, if required, has not been obtained as of the Closing Date, (iii) any obligations and liabilities arising under the Assumed Contracts that relate to the time period prior to the Closing Date and (iv) any forfeiture, claim or pending litigation or proceeding relating to the business or operations of any Station prior to the Closing Date, shall remain and be the obligation and liability solely of Seller. Other than as specified in the first sentence of this paragraph 4, Buyer, directly or indirectly, shall assume no liabilities or obligations of Seller and shall not be liable therefor. If Buyer is liable by operation of law for liabilities of Seller not expressly assumed by Buyer, then Seller shall not be liable to Buyer with respect to such liabilities unless and to the extent Seller is liable to Buyer under Seller's indemnification obligations under paragraph 18. Xx. Xxxxxxx Xxxxxxx Page 5 January 16, 1998

  • Finance Parties’ rights and obligations (a) The obligations of each Finance Party under the Finance Documents are several. Failure by a Finance Party to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents.

  • Survival of Representations and Obligations The respective agreements, representations, warranties and other statements made by the Issuer, the Company or the Seller or their respective officers, including any such agreements, representations, warranties and other statements relating to the Master Trust, and of the Underwriters set forth in or made pursuant to this Agreement will remain in full force and effect, regardless of any investigation, or statement as to the results thereof, made by or on behalf of the Underwriters, the Issuer, the Company or the Seller or any of their respective officers or directors or any controlling person, and will survive delivery of and payment of the Notes. The provisions of Section 9 and Section 10 of this Agreement shall survive the termination or cancellation of this Agreement.

  • Registration Procedures and Obligations Whenever required under this Agreement to effect the Registration of any Registrable Securities held by the Holders, the Company shall, as expeditiously as reasonably possible:

  • Agreements Regarding Actions to Perfect Liens (a) The Second Priority Representative on behalf of itself and the other Second Priority Secured Parties agrees that UCC-1 financing statements, patent, trademark or copyright filings or other filings or recordings filed or recorded by or on behalf of the Second Priority Representative shall be in form reasonably satisfactory to the First Priority Representative.

  • Rights and Obligations on Termination In the event of termination of this Agreement for any reason, the parties shall have the following rights and obligations:

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