Interim Provisions Clause Samples

Interim Provisions. Until such time as all Arab States become parties to the Agreement, the representatives of the Arab States Parties which are members of the Council shall convene in the form of a board known as "The Arab Investment Agreement Board", which shall assume the competence of the Council in this respect, save for appointment of the president and members of the Court, a task which in all instances shall fall to the Council. The Economic Affairs Department of the League of Arab States shall carry out the secretarial tasks of the Board in accordance with internal regulations issued by the Council, which shall include the organization of the administrative affairs of the Board, the determination of its resources and the rules for the disposal thereof.

Interim Provisions. This article sets forth the necessary provisions to enable the University and the Union to carry out their agreement to describe and rate all jobs performed by employees and to eliminate any wage inequities that may exist. Until that time, the rates of pay set forth in the current Collective Bargaining Agreement shall continue in effect and be applied to respective employees in the manner provided. On the last day of the collective bargaining agreement, all incumbents in all jobs shall be moved to their new Job Group. Commencing three (3) months after ratification of the collective bargaining agreement, the job evaluation committee will begin its work to describe and rate all jobs of all employees. The parties will come to agreement on final factor language with respect to SK1, SK2, RE2 and any factor language issues raised by either party after the initial testing of the fifteen sample jobs within three (3) months after ratification of the collective bargaining agreement. The work of the job evaluation committee will be completed two months prior to the conclusion of the next collective bargaining agreement.

Interim Provisions. During the period between the execution of this Agreement and the closing: a. Sellers will see to it that the Company will continue business in its normal manner and among other things keep its insurance in effect, comply with all laws and use its best efforts to retain the services and goodwill of its personnel and good relations with its suppliers, dealers and customers. ▇. ▇▇▇▇▇▇▇ will obtain such clearances as may be required from the Department of Justice, Federal Trade Commission, Internal Revenue Service and other governmental agencies as may be necessary; and will have the Buyer added as an insured to the Company's existing insurance policies. ▇. ▇▇▇▇▇▇▇ shall be obligated to prevent the Company from taking any extraordinary action. Specifically, and without limitation, no increases or bonuses shall be given to executives; no long-term contracts shall be entered into; no declarations or dividends, amendments to the articles of incorporation of bylaws, dispositions of property, creation of mortgages, liens or debts, large capital outlays, redemption's of stock, mergers or consolidations, shall be made. d. Buyer shall have the option to terminate this contract if any of the provisions of paragraph (b) or (c) immediately preceding are not complied with; or if any injunction is issued against the transaction herein set forth; or if any substantially adverse change occurs in the Company's business, in labor or legislative matters affecting the Company, or in general business conditions; or if there is substantial destruction, damage or loss of the Company's property.

Interim Provisions. Each of the following provisions shall apply until such time as the IESO delivers notice to the ASP in accordance with Section 1.1(d) of this Schedule 3: (a) The Contract Facility shall participate in the IESO-Administered Markets solely as a provider of Regulation Service for the duration of the Term of this Agreement. (b) The Contract Facility shall not participate in the Energy Market or Operating Reserve Market. The Contract Facility may, however, provide Reactive Support and Voltage Control (RSVC) services when the Contract Facility is not scheduled to provide Regulation Service. (c) The IESO will determine and confirm the Contract Facility’s Regulation Base-Point, from time to time, taking into account the Contract Facility’s operating capabilities. (d) The Contract Facility shall receive a Regulation signal that takes into account its minimum and maximum capability. (e) The ASP shall be responsible for indicating operating characteristics, available Regulation Capacity and other technical factors in its daily bid submissions, subject to the limits set out in Schedule 4 of this Agreement. (f) The System Operator shall provide a Regulation signal to the Contract Facility using the operating characteristics provided by the ASP as set out in Section 1.3(e) of this Schedule 3 as guidance. (g) The ASP is not obligated to operate the Contract Facility outside of the operating characteristics provided to the System Operator in its daily bid submission. (h) The IESO shall not be responsible for, and the ASP shall assume full responsibility for, managing state of charge of the Contract Facility.

Interim Provisions. 91 Section 12.1 Representations, Warranties and Covenants of MGH........ 91 Section 12.2

Interim Provisions. The instalment of the budget for 1966 is fixed at 1.5 million Swiss francs, and is not subject to review. The budget for 1967 is therefore fixed at 6 million Swiss francs. The increase in this budget, resulting from the application of the CERN cost variation index, shall be added to the budgets of the subsequent years.

Interim Provisions. Until assigned to Entrust with the requisite consent, ------------------ NTL shall hold each Assumed Contract in trust for the benefit of Entrust as of the Effective Date. NTL shall, at the request and expense (but only to the extent that such expenses are reasonable) and under the direction of Entrust, take all such commercially reasonable actions and do or cause to be done all such commercially reasonable things as are necessary or proper in order that the obligations of NTL thereunder may be performed in such manner that the value of an Assumed Contract so held in trust is preserved and enures to the benefit of Entrust, and that the collection of any moneys to become due and payable after the Effective Date in and under the Assumed Contract are received by Entrust; and NTL shall pay over to Entrust all moneys collected by or paid to Nortel in respect of every such Assumed Contract once a month. Entrust shall save NTL harmless from any claim or liability under or in respect of each Assumed Contract arising because of any action of Nortel taken pursuant to the foregoing sentence.

Interim Provisions. 6.1 Assets to be Maintained in Proper Manner Possession of the Assets shall not pass to the Purchaser until after Closing on the Closing Date. The Seller shall maintain the Assets on behalf of the Purchaser in a proper and prudent manner in accordance with good oil field practice and the Regulations until Closing. The Seller shall maintain insurance respecting the Assets until the Closing Date. 6.2 Seller as Agent (a) Insofar as the Seller maintains the Assets and takes actions with respect thereto on behalf of the Purchaser pursuant to this Article, the Seller shall be deemed to have been the agent of the Purchaser hereunder. The Purchaser ratifies all actions which the Seller takes or refrains from taking pursuant to the terms of this Article, with the intention that all such actions shall be deemed to be those of the Purchaser; (b) The Purchaser shall indemnify the Seller and its directors, officers, servants, agents, consultants or employees against all liabilities, losses, costs (including legal costs on a solicitor-client basis), claims or damages which the Seller or its directors, officers, servants, agents, consultants or employees may suffer or incur as a result of maintaining the Assets as the agent of the Purchaser pursuant to this Article, insofar as such liabilities, losses, costs, claims or damages are not a direct result of the gross negligence or willful misconduct of the Seller or its directors, officers, servants, agents, consultants or employees. An action or omission of the Seller or its directors, officers, servants, agents, consultants or employees shall not be regarded as gross negligence or willful misconduct, however, to the extent it was done or omitted to be done in accordance with the instructions of or with the concurrence of the Purchaser. 6.3 Restrictions on Conduct of Business While acting as agent for the Purchaser pursuant to this Article, the Seller shall not, without the prior written consent of the Purchaser: (a) voluntarily assume any obligation or commitment with respect to the Assets, where the Seller's share of the expenditure associated with such obligation or commitment is estimated to exceed $5,000.00; (b) surrender or abandon any of the Assets; (c) resign, or agree to resign as Operator of Assets; (d) amend any agreement or enter into any new agreement respecting the Assets; (e) propose any operation with respect to the Assets or initiate the exercise of any right arising as a result of the ownership of the Asse...

Interim Provisions. This Article sets forth the necessary provisions to enable the Company and the Union to carry out their agreement to describe and classify all jobs performed by employees and to eliminate any wage inequities which may exist. Until such time as the requirements of this Article are executed and made operative, the rates of pay set forth in Schedule “A” of this Agreement shall continue in effect and be applied to the respective employees in the manner provided. The Standard Hourly Wage Scale, as provided in Schedule “A”, and all other Sections dealing with its application shall be made operative on and after a date to be mutually agreed upon between the Company and the Union after all job descriptions, classifications, and the assignment of employees into the various rate classifications have been agreed upon. The assignment of employees to the rate classifications shall be carried out under the same procedures as those for handling job descriptions and classifications. If the Company and the Union fail to reach agreement upon any job description(s), classification(s) or assignment of personnel through the procedure provided in Article IV of the Manual, such matter(s) shall be processed in accordance with Articles 6.02(c) (3) and 6.02(c) (4) of the Manual if necessary, and resolution of such matter(s) shall be made before the Standard Hourly Wage Scale and all other sections dealing with its application shall be made operative.