Temporary Facility Clause Examples

A Temporary Facility clause defines the terms under which a short-term or interim financing arrangement is provided, typically to bridge a gap until permanent funding is secured. This clause outlines the conditions, duration, and repayment obligations associated with the temporary facility, such as specifying the maximum amount available and the events that trigger repayment or conversion to a long-term facility. Its core practical function is to ensure that parties have access to necessary funds during transitional periods, thereby addressing immediate financing needs while longer-term solutions are arranged.
Temporary Facility. The School may only use a temporary facility when the facilities approved within this agreement are temporarily not suitable for student use under all applicable laws, ordinances, and codes of federal, state, and local governance. Approved use of a temporary facility for a period of more than sixty (60) days will require the amendment of this Charter by the parties.
View SourceView Similar (10)
Temporary Facility is a Utility Facility constructed for the purpose of ensuring continued service during a Rearrangement and/or any work on a Utility Facility to accommodate the construction of a Transit Project, but which will be removed or restored to its original condition after such construction activities are completed.
View SourceView Similar (3)
Temporary Facility. (a) EDC agrees that, for a period of 30 days following the date of the Initial Order (the “Interim Period”), new Support will continue to be made available to the Principal under the Facilities, notwithstanding the existence of the Rating Events and the Filing Event, to an aggregate maximum amount of USD 30 million. Such amount includes, without limitation, any renewal or extension of Support which was made available by EDC prior to the Filing Event that matures or expires during the Interim Period. (b) Except only with respect to the Rating Events and the Filing Event, nothing in this Agreement shall prevent EDC from exercising, during the Interim Period or thereafter, any other rights or recourses it may currently have or acquire under the Facility Agreement. (c) Upon the termination of the Interim Period, EDC may enforce any and all rights and recourses it may have under the Facility Agreement as provided for therein, including those rights and recourses which may have arisen during the Interim Period.
View SourceView Similar (2)
Temporary Facility. If the Stadium or a material portion thereof becomes unavailable on a temporary basis by reason of either partial destruction or repair or restoration, or for any other reason, the Stadium Owner shall utilize commercially reasonable efforts to assist Lessee in locating a temporary facility in which Lessee may play Games, and Lessee may otherwise conduct Events at other locations in Lessee’s discretion.
View Source
Temporary Facility. A. Construction Completion Date (Phase 0): This date will occur no later than January 31, 2023; provided, however, that upon written request of Developer to the City and upon Developer showing that it is diligently pursuing construction of the Temporary Facility, the City may consent to up to two (2) three-month extensions of the Construction Completion Date (Phase 0), the first of which shall be consented to automatically by the City and any subsequent consent not to be unreasonably withheld, conditioned or delayed.
View Source
Temporary Facility. From the date of the First Amendment up to but excluding March 31, 2000, subject to the other terms and conditions of this Agreement and provided that the sum of the Revolving Credit Loans, Alternate Currency Loans, Letters of Credit and Swing Loans made by Lenders under Section 3.1(a) above and presently outstanding equal the sum of all of the Revolving Credit Commitments of the Lenders under Section 3.1(a)
View Source

Related to Temporary Facility

  • Temporary Upgrade An employee in a temporary upgrade status shall have no right to grieve or arbitrate release from such temporary upgrade status.

  • Temporary Work 3.4.1 The Contractor shall have the sole responsibility for the design, erection, operation, maintenance, removal and repair of Temporary Work. 3.4.2 The Contractor shall engage and pay for registered professional engineering Personnel skilled in the appropriate disciplines to perform those functions referred to in GC 3.4.1 where required by Laws or by the Agreement and in all cases where such Temporary Work is of such a nature that professional engineering skill is required or prudent to produce safe and satisfactory results. 3.4.3 Notwithstanding the provisions of 3.1 - CONTROL OF THE WORK, GC 3.4.1 and

  • Temporary Layoff The Employer may temporarily layoff an employee for up to ninety (90) days due to an unanticipated loss of funding, revenue shortfall, lack of work, shortage of material or equipment, or other unexpected or unusual reasons. An employee will normally receive seven (7) days notice of a temporary layoff.

  • Temporary Layoffs A. The Employer may initiate a temporary layoff for up to twelve (12) working days per fiscal year. Employees will be given thirty (30) days’ notice before the effective date of a temporary layoff. Employees may request alternative temporary layoff days from their manager or supervisor and any requests will be considered and approved or denied in writing. B. A temporary layoff will not affect an employee’s incremental movement, vacation and sick leave accrual rates, or seniority. C. A temporary layoff is leave without pay. An employee may not use any leave for a temporary layoff day(s).

  • Temporary Bonds Pending the preparation of any Definitive Bonds, the Issuer may execute and upon its written direction, the Indenture Trustee may authenticate and make available for delivery, temporary Bonds that are printed, lithographed, typewritten, photocopied or otherwise produced, in any denomination, substantially of the tenor of the Definitive Bonds in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Bonds may determine, as evidenced by their execution of such Bonds. If temporary Bonds are issued, the Issuer will cause Definitive Bonds to be prepared without unreasonable delay. After the preparation of the Definitive Bonds, the temporary Bonds shall be exchangeable for Definitive Bonds upon surrender of the temporary Bonds at the office of the Indenture Trustee located at 123 Washington Street, New York, Ne▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇. ▇▇▇n surrender for cancellation of any one or more temporary Bonds, the Issuer shall execute and the Indenture Trustee shall authenticate and make available for delivery, in exchange therefor, Definitive Bonds of authorized denominations and of like tenor, class and aggregate principal amount. Until so exchanged, such temporary Bonds shall in all respects be entitled to the same benefits under this Indenture as Definitive Bonds.