Seller’s Corrective Action Equipment Clause Samples

Seller’s Corrective Action Equipment. From and after the Closing Date, Seller-Related Parties shall at all times have unrestricted access to any Corrective Action Equipment located on or about the Properties, whether installed before or after the Closing Date, for the purposes of performing Corrective Action pursuant to this Agreement. After the Closing Date, Seller-Related Parties shall have the right to install Corrective Action Equipment at any of the Properties for the purposes of performing Corrective Action pursuant to this Agreement. Seller-Related Parties shall retain all legal rights, including ownerships rights, to Corrective Action Equipment installed by Seller-Related Parties after the Closing Date, and Buyer shall have no title or right to such Corrective Action Equipment. Buyer-Related Parties shall be not be permitted to interfere with any Corrective Action Equipment being used by Seller-Related Parties and shall be responsible for any damage caused to any Corrective Action Equipment due to the activities of Buyer-Related Parties or their agents or invitees. Seller-Related Parties shall have the right to destroy, remove or abandon-in-place any Corrective Action Equipment being used by Seller-Related Parties in compliance with Environmental Law. Seller shall have no responsibility for any Corrective Action Equipment upon any removal, abandonment or destruction of such equipment. If any of the Corrective Action Equipment being used by a Seller-Related Party becomes damaged by any Buyer-Related Party, including, but not limited to, any damage as a result of any construction or redevelopment at the Properties, Buyer shall immediately notify Seller of the existence of such condition and shall compensate Seller for the cost of proper abandonment, relocation, replacement and/or repair of the Corrective Action Equipment.

Related to Seller’s Corrective Action Equipment

  • Corrective Action Plans If the OAG finds deficiencies in ▇▇▇▇▇▇▇’s performance under this Grant Contract, the OAG, at its sole discretion, may impose one or more of the following remedies as part of a corrective action plan: increase of monitoring visits; require additional or more detailed financial and/or programmatic reports be submitted; require prior approval for expenditures; require additional technical or management assistance and/or make modifications in business practices; reduce the contract amount; and/or terminate this Grant Contract. The foregoing are not exclusive remedies, and the OAG may impose other requirements that the OAG determines will be in the best interest of the State.

  • Corrective Actions The Government will use its best efforts to ensure that each Covered Provider (i) takes, where necessary, appropriate and timely corrective actions in response to audits, (ii) considers whether the results of the Covered Provider’s audit necessitates adjustment of the Government’s records, and (iii) permits independent auditors to have access to its records and financial statements as necessary.

  • Corrective Action Despite its right to terminate this Agreement pursuant to this Article, the LHIN may choose not to terminate this Agreement and may take whatever corrective action it considers necessary and appropriate, including suspending Funding for such period as the LHIN determines, to ensure the successful completion of the Services in accordance with the terms of this Agreement.

  • Corrective Action Plan Within fifteen (15) Business Days following the establishment of the Joint Remediation Committee, the Purchasers, in consultation with the Sellers, shall prepare and submit to the Joint Remediation Committee an initial draft of the Corrective Action Plan. The parties shall work in good faith through the Joint Remediation Committee to finalize the Corrective Action Plan within fifteen (15) Business Days of the Purchasers’ submission of the initial draft of the Correct Action Plan. At the end of such period, if the Sellers reasonably determine that the Corrective Action Plan proposed by the Purchasers (as may be modified over the course of such period) would not reasonably be expected to satisfactorily address the Major Default, then the Sellers may escalate the issue to the Head of Commercial Capital (or equivalent leader of any successor business unit) of the Seller Group and the Chief Executive Officer of the Bank Assets Purchaser (the “Senior Executives”) and the Senior Executives shall work collaboratively (including with the Joint Remediation Committee) to develop a mutually agreeable Corrective Action Plan within fifteen (15) Business Days.

  • Proposed Corrective Action Plan Simultaneously with the submission of the Audit, the District will submit to OCR for its review and approval a proposed Corrective Action Plan to address all inaccessible content and functionality identified during the District’s Audit. The proposed Corrective Action Plan will set out a detailed schedule for: (1) addressing problems, taking into account identified priorities, with all corrective actions to be completed within 18 months of the date OCR approved the Corrective Action Plan; (2) setting up systems of accountability and verifying claims of accessibility by vendors or open sources; and setting up a system of testing and accountability to maintain the accessibility of all online content and functionality on an ongoing basis. In its Corrective Action Plan, the District will acknowledge that if all inaccessible content and functionality identified during the Audit is not removed or made accessible on a timely basis, the District will be in violation of this Agreement, Section 504, and Title II and OCR may initiate administrative enforcement or judicial proceedings to enforce the specific terms and obligations of the Agreement.