POUND Clause Samples
The POUND clause establishes a security interest in specific property, typically requiring the debtor to deliver certain assets to a third party or the creditor as collateral. In practice, this means that if the debtor defaults on their obligations, the secured property can be sold or otherwise disposed of to satisfy the debt. This clause is primarily used to protect the creditor by ensuring there is a tangible asset available to cover losses in the event of non-payment or breach, thereby reducing the risk associated with lending or contractual agreements.
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POUND. RESCUE wishes to allow the Adopter to adopt the Adoptee pursuant to the terms and conditions set out herein;
POUND. A pound is the weight unit defined by the avoirdupois system.
POUND. 2.1 The Society agrees to provide, at its expense an animal shelter capable of providing adequate accommodation for all dogs impounded by the City (the “Pound Services”), such Pound to be designed and operated in accordance with the Act and, in particular, Regulation 23 (Pounds) thereunder.
2.2 The Society agrees to receive, impound and hold, during the Redemption Period, for claiming by the owners, any dog delivered to the Society’s animal shelter, being utilized as the City’s Pound, by a Municipal Law Enforcement Officer (as such term is defined in the By-Law), a resident of Cornwall or other duly authorized individuals.
2.3 The Society agrees to provide and install all the equipment necessary for the proper operation of a pound.
2.4 The Society agrees to deliver to the City on a quarterly basis, a written report of the operations of the Pound up to the last day of the preceding month, showing the number of impounded dogs received at the Pound, the length of time spent in the Pound and details regarding the disposal of dogs.
2.5 In providing the Pound Services and Disposal Services (as defined below), the Society shall carry out such services in a professional manner, at a level that is consistent with industry standards, all in accordance with applicable laws, including but not limited to the Act and the By-Law.
POUND. Shift schedules shall be as revised and agreed upon by the parties to the Agreement. A copy of the shift schedule shall be supplied t o all those concerned. Such employees shall be entitled t o two