Outstanding Items Clause Samples
The 'Outstanding Items' clause identifies and addresses any tasks, deliverables, or obligations that remain incomplete at a specific point in a contract or project. Typically, this clause outlines the process for listing these items, setting deadlines for their completion, and specifying responsibilities for resolving them. Its core practical function is to ensure that all parties are aware of unfinished business and to provide a clear mechanism for tracking and resolving outstanding issues, thereby preventing disputes and ensuring project closure is handled systematically.
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Outstanding Items. The Borrower covenants and agrees to undertake in good faith to complete as promptly as possible, all outstanding items required to be completed in connection with Amendments 1 through 15 of the Credit Agreement, the satisfaction of which it is expressly agreed has not been waived by the Banks.
Outstanding Items. Except as provided for herein: (i.) there are no outstanding subscriptions, options, warrants, calls, contracts, demands, commitments or other agreements or arrangements of any character or nature whatsoever under or pursuant to which the Company is or may become obligated to issue any shares of its capital stock, (ii.) the Company has no obligation (contingent or otherwise) to purchase, redeem or otherwise acquire any shares of its capital stock or any interest therein or to pay any dividend or make any distribution in respect thereof, (iii.) there are no outstanding or authorized stock appreciation, phantom stock or similar rights with respect to the Company and (iv.) the Company has no obligation (contingent or otherwise) to issue any subscription, option, warrant, convertible security or other such right or to issue or distribute to holders of any shares of its capital stock any evidence of indebtedness or assets of the Company.
Outstanding Items.
(a) The State Representative may issue a certificate of Commercial Acceptance with an attached list of Outstanding Items or, without limiting the State’s rights under Clause 43, any other requirement of this Agreement which Project Co has failed to meet, which Project Co must rectify within a reasonable period of time as determined by the State Representative. In respect of the Commercial Acceptance Criteria described in Clause 20.9(d) and without limiting Clause 5.8(m), the State Representative may only include on the list Outstanding Items which have been provided to it by the Independent Certifier.
(b) Project Co must submit to the State Representative and the Independent Certifier for review in accordance with Schedule 3 (Review Procedures), a program for the completion of the Outstanding Items, within 5 Business Days of the Date of Commercial Acceptance, which attaches a list of Outstanding Items and which must be consistent with the time period for rectification determined by the State Representative and the Independent Certifier (where relevant) in accordance with Clause 20.10(a).
(c) Project Co must complete any Outstanding Items in accordance with the program as reviewed and amended in accordance with Schedule 3 (Review Procedures) to the satisfaction of the State Representative (acting reasonably).
Outstanding Items. CDS determines what actions are taken with respect to Transactions of a suspended or terminated Participant that have not settled or that are not completed. CDS may take any action it deems necessary to maintain the provision and the integrity of the Services, and Participants concerned comply with CDS’ instructions. CDS shall forthwith inform FSC of such actions. (Amended 11/4/08)
Outstanding Items. Except as provided for herein: other than: An outstanding Standby Equity Line of $100,000,000 through ▇▇▇▇▇▇▇ Private Equity LLC, a Delaware corporation, and three Convertible Promissory Notes in the amount of $21,500.00, $16,000.00 and $51,000.00 with LG Capital Funding LLC, a New York Corporation, whereby the outstanding debt, fees, interest and default charges are convertible into common shares on December 25, 2013 ($21,500.00), February 10, 2014 ($16,000.00) and February 19, 2014 ($51,000.00), if not repaid prior to such date, at a price of 50% off the lowest 2 closing bid prices over the previous 10 day closing average price. (
i.) there are no outstanding subscriptions, options, warrants, calls, contracts, demands, commitments or other agreements or arrangements of any character or nature whatsoever under or pursuant to which the Company is or may become obligated to issue any shares of its capital stock, (ii.) the Company has no obligation (contingent or otherwise) to purchase, redeem or otherwise acquire any shares of its capital stock or any interest therein or to pay any dividend or make any distribution in respect thereof, (iii.) there are no outstanding or authorized stock appreciation, phantom stock or similar rights with respect to the Company and (iv.) the Company has no obligation (contingent or otherwise) to issue any subscription, option, warrant, convertible security or other such right or to issue or distribute to holders of any shares of its capital stock any evidence of indebtedness or assets of the Company.
Outstanding Items.
(a) The Independent Certifier may issue a certificate of Technical Completion with an attached list of Outstanding Items which Project Co must rectify within a reasonable period of time as determined by the Independent Certifier.
(b) Project Co must submit to the State and the Independent Certifier for review in accordance with Schedule 3 (Review Procedures), a program for the completion of the Outstanding Items within 5 Business Days after the issue of a certificate of Technical Completion which attaches a list of Outstanding Items, which program must be consistent with the time period for rectification determined by the Independent Certifier in accordance with Clause 18.8(a).
(c) Project Co must complete any Outstanding Items in accordance with the program as reviewed and amended in accordance with Schedule 3 (Review Procedures) to the reasonable satisfaction of the Independent Certifier.
Outstanding Items. (a) The Independent Certifier may issue a notice that Completion has occurred with an attached list of Outstanding Items which must be remedied, addressed or completed by the Operator within a reasonable period of time as determined by the Independent Certifier.
(b) The Operator must, within 5 Business Days after the issue of a list of Outstanding Items, submit to the State Representative for review in accordance with the Review Procedures, a program for the completion of the Outstanding Items in accordance with the Independent Certifier’s requirements.
(c) The Operator must complete any Outstanding Items in accordance with the approved program and to the satisfaction of the State Representative (acting reasonably).