Participation Commitment Sample Clauses
A Participation Commitment clause defines the obligation of a party to actively engage in a specified activity, project, or agreement. Typically, it outlines the expected level of involvement, such as attending meetings, contributing resources, or fulfilling assigned roles within a collaborative effort. This clause ensures that all parties are aware of and agree to their participation responsibilities, thereby promoting accountability and reducing the risk of non-performance or disengagement.
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Participation Commitment. Immediately upon the issuance of each Letter of Credit by an LC Issuer (or an amendment to a Letter of Credit increasing the Stated Amount thereof), the Committed Lenders of each Lender Group shall be deemed to, and hereby irrevocably and unconditionally agree to, purchase from such LC Issuer, a participation in such Letter of Credit (as it may be so amended) and each drawing thereunder in an amount equal to their respective Lender Group Percentages of the Stated Amount of such Letter of Credit and the amount of such drawing, respectively. Such participations in such LC Credit Extensions by each Committed Lender shall constitute an agreement by such Committed Lender to make a Loan under Section 2.02 only in the event that (i) the related Letter of Credit is subsequently drawn upon and (ii) the Conduit Lenders in its Lender Group do not fund the Lender Group Percentage of a Reimbursement Borrowing in connection with such draw. In the event any Letter of Credit expires or is surrendered to the applicable LC Issuer in accordance with its terms without being drawn (in whole or in part) then, in such event, the foregoing obligation of the Committed Lenders to make such Loan in respect of such Letter of Credit shall expire to the extent of the face amount thereof which has expired or been so surrendered.
Participation Commitment. Each Person desiring to accept the offer contained in the Participation Notice shall send an irrevocable commitment (each, a “Participation Commitment”) to the Directors within 10 Business Days after the effectiveness (in accordance with Section 1.1.1) of the Participation Notice specifying the number (not in any event to exceed the product of such Person’s Participation Portion multiplied by the aggregate number of Subject Securities to be included in the Issuance) or proportion (not in any event to exceed such Person’s Participation Portion) of Subject Securities which such Person desires to be issued (each such Person, a “Participating Buyer”). Each Person that received a Participation Notice that has not so accepted such offer, or that does not comply with Section 1.1.5 (in either case, a “Non-Participating Member”), shall be deemed to have waived all of such Person’s rights with respect to the Issuance under this Section 1.1, and the Directors, on behalf of the Company, shall thereafter, without any further obligation to any Non-Participating Member under this Section 1.1, be free to offer and issue the remaining Subject Securities that were originally offered to any Non-Participating Member that is a Preference Shareholder in such Issuance to the Participating Buyers that are Preference Shareholders pro rata based on the ratio of their respective Participation Portions to the aggregate Participation Portion of all Preference Shareholders on terms (including price per share) not more favorable than the terms set forth in the Participation Notice until there shall be no unsubscribed Subject Securities. If, prior to consummation of such proposed Issuance, the terms of such proposed Issuance shall change with the result that the price shall be less than the price set forth in the Participation Notice or in a way that materially affects the non-economic terms of the proposed Issuance (in favor of the purchasers of the proposed Issuance), the Directors shall be obligated to issue a new Participation Notice and comply again with the terms and provisions of this Section 1.1, prior to consummating such Issuance; provided, however, that in the case of such a new Participation Notice, each applicable period to which reference is made in this Section 1.1 shall be the longer of (a) the remaining portion of the 10 Business Day period applicable to the first Participation Notice distributed in connection with such proposed Issuance or (b) five Business Days.
Participation Commitment. District will engage in prevention, preparedness and mitigations efforts within its boundaries and apply the participation credits equally across its boundaries for the benefit of Town and the other participating political subdivisions served by the District in order to meet the participation commitment level of all the political subdivisions it serves.
Participation Commitment. HCP agrees to actively participate in PGIP quality and performance improvement initiatives, including but not limited to evidence based care scores and improved generic dispensing rates. HCP understands that the following have been identified as important to achieving quality and performance improvement, but are not limited to: • Patient-Provider partnership • Patient registry and patient web portals • Performance reporting • Individual care management, self-management and care coordination • Extended access • Test results tracking and follow-up • Preventative services • E-prescribing • Linkages to community services • Specialist referral processes
Participation Commitment. To gain total benefit from this program the cadet should be an active participant in small unit leadership activities such as Color Guard, Drill Team, Rifle Team, and other activities such as PARADES, COMMUNITY SERVICE and FUND RAISING EVENTS. Participation & Commitment is a clear indication of the cadets development as a leader in this program. We encourage cadets to balance the attainment of good grades with participation with JROTC and school activities.
Participation Commitment. Artomatic depends on participants to staff and operate the Event. All shifts are five hours in length. Tasks are assigned as needed, and may include: greeting and directing visitors, monitoring galleries, loading dock and elevator operations, tending and supplying the bars, light cleaning, restocking restrooms, supporting artist workshops, stage operations, staffing the store, and moving furniture. Participation requirements are specific to the type of participation, as follows:
a. Visual Artists agree to work THREE shifts minimum during the term of the event. Visual artists will not be permitted to select an exhibit space until signing up for the required shifts online. Failure to satisfactorily complete all three shifts may result in suspension from future Artomatic events. Blatant disrespect of the volunteer rules may result in removal of the participating artist’s work.
b. Performing Artists agree to work one shift per each performer in the group. Individuals in the group may complete the shifts of others as long as all shifts are fulfilled.
Participation Commitment. Physician agrees to actively participate in PGIP quality and performance improvement initiatives, including but not limited to evidence based care scores and improved generic dispensing rates. If Physician is a primary care provider, Physician may elect to begin the process of becoming a PCMH and being actively engaged during this transformation. Physician understands that the following have been identified as important to achieving PCMH designation, but are not limited to: • Patient-Provider partnership • Patient registry and patient web portals • Performance reporting • Individual care management, self-management and care coordination • Extended access • Test results tracking and follow-up • Preventative services • E-prescribing • Linkages to community services • Specialist referral processes