Obligation of the District Sample Clauses

Obligation of the District. The District shall provide the SRO with the following materials and facilities necessary to perform the duties by the SRO, enumerated herein:
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Obligation of the District. The District shall have no obligation to make any payment under the provisions of (a) or (b) of this Section with respect to any Participant unless the event giving rise to such payment would apply to the Lender if the Lender had not granted a participation interest to such Participant.
Sample 1
Obligation of the District. Any obligation of the District to make a payment under the provisions of (a) or (b) shall be subject and limited to the amounts in the Contingency Fund. The Bank shall return any payment made to it by the District by virtue of the provisions of (a) or (b) of this Section for the period for which it is determined that there was no basis for any such payment.
Sample 1
Obligation of the District. Upon receiving a written request in the superintendent's office prior to March 15, the District shall be obligated to re-employ a certificated staff member; provided, however, that in the event a staff reduction is made for the next school year the employee on leave shall be placed on the list for selection as are all regular employees of the District under the District's reduction in force policy and shall be entitled to a position only if eligible under said policy. The North Kitsap School District shall notify the individual certificated staff members when a position becomes available. Every effort shall be made to re-employ in the position vacated and in the same school if the employee so requests. Upon returning to service the position on the certificated staff salary schedule shall be maintained.
Sample 1
Obligation of the District. Any obligation of the District to make a payment under the provisions of (a), (b) or (c) of this Section shall be subject to Section 14 hereof and subordinated to the payment of principal and interest on the Series 2018 Bond and replenishment of any debt service fund or the
Sample 1
Obligation of the District. Any obligation of the District to make a payment under the provisions of (a), (b) or (c) of this Section shall be subject to Section 14 hereof and subordinated to the payment of principal and interest on the Series 2018 Note and replenishment of any debt service fund. The District shall have no obligation to make any payment under the provisions of (b) or (c) of this Section with respect to any Participant unless the event giving rise to such payment would apply to the Lender if the Lender had not granted a participation interest to such Participant. The Lender shall return any payment made to it by the District by virtue of the provisions of (a), (b) or (c) of this Section for the period for which it is determined that there was no basis for any such payment.
Sample 1
Obligation of the District. 13 Upon receiving a written request in the superintendent's office prior to March 15, the 14 District shall be obligated to re-employ a certificated staff member; provided, 15 however, that in the event a staff reduction is made for the next school year the 16 employee on leave shall be placed on the list for selection as are all regular 18 entitled to a position only if eligible under said policy. The North Kitsap School 19 District shall notify the individual certificated staff members when a position 20 becomes available. Every effort shall be made to re-employ in the position vacated 21 and in the same school if the employee so requests. 23 Upon returning to service the position on the certificated staff salary schedule shall 24 be maintained.
Sample 1
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Related to Obligation of the District

  • Obligation of the Company In connection with the registration of the Registrable Securities, the Company shall do each of the following:

  • Conditions to Obligation of the Depositor The obligation of the Depositor to purchase the Receivables is subject to the satisfaction of the following conditions:

  • Conditions to Obligation of the Company The obligation of the Company to effect the Merger is also subject to the satisfaction or waiver by the Company at or prior to the Effective Time of the following conditions:

  • Obligation of the Company Unconditional Nothing contained in this Article or elsewhere in this Subordinated Indenture or in the Subordinated Securities is intended to or shall impair, as between the Company, its creditors other than the holders of Senior Indebtedness, and the Holders of the Subordinated Securities, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Subordinated Securities the principal of (and premium, if any) and interest payable in the respect of the Subordinated Securities as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders of the Subordinated Securities and creditors of the Company other than the holders of Senior Indebtedness nor shall anything herein or therein prevent the Trustee or the Holder of any Security from exercising all remedies otherwise permitted by applicable law upon default under this Subordinated Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness in respect of cash, property or Subordinated Securities of the Company received upon the exercise of any such remedy. Upon any payment or distribution of assets of the Company referred to in this Article, the Trustee and the Holders of the Subordinated Securities shall be entitled to rely upon any order or decree made by any court of competent jurisdiction in which any such dissolution, winding up, liquidation or reorganization proceeding affecting the affairs of the Company is pending or upon a certificate of the trustee in bankruptcy, receiver, assignee for the benefit of creditors, liquidating trustee or agent or other person making any payment or distribution, delivered to the Trustee or to the Holders of the Subordinated Securities, for the purpose of ascertaining the persons entitled to participate in such payment or distribution, the holders of the Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon, the amount paid or distributed thereon and all other facts pertinent thereto or to this Article.

  • Conditions to Obligation of the Buyer The obligation of the Buyer to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions:

  • Conditions to Obligation of the Seller The obligation of the Seller to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions:

  • Conditions Precedent to Obligation of the Company The obligation of the Company to effect the Exchange and otherwise consummate the transactions contemplated by this Agreement is subject to the satisfaction, at or prior to the Closing, of each of the following conditions:

  • Conditions to Obligation of the Sellers The obligation of the Sellers to consummate the transactions to be performed by them in connection with the Closing is subject to satisfaction of the following conditions:

  • Modifications and Waivers; Obligation of the Company Absolute The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of at least a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Security at the times, places and rate, and in the coin or currency, herein prescribed.

  • Obligation of the Parties The parties agree to the following obligations under this MOU:

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