TRANSITION PERIOD TO PROVIDE FOR ASSUMPTION/REJECTION OF EXECUTORY CONTRACTS Sample Clauses

TRANSITION PERIOD TO PROVIDE FOR ASSUMPTION/REJECTION OF EXECUTORY CONTRACTS. The Conservator and Debtors will cooperate in good faith to effect an expedited and orderly transition and transfer of the owned and leased facilities and other operating assets to be assumed and assigned and transferred pursuant to this Settlement Agreement and to complete this process by November 15, 2000 (the "Transition Period"). At any time during the Transition Period, the Conservator may identify any real property or personal property including facilities and other operating assets, leases or licenses (collectively "Leased Property") that will not be assigned to or assumed by the Conservator or Xxxxxx and will give Debtors prompt written notice of such determination. The Conservator will use his best efforts to provide Debtors as soon as possible with written notice of the Leased Property which the Conservator will vacate, abandon or not use, or has vacated, abandoned or ceased using and will provide all information necessary to provide the landlord, licensor, or the like with possession of or access to such Leased Property. The Debtors will use best efforts to at their election either assume such obligations for their own right or reject said obligations in accordance with the applicable provisions of the bankruptcy law. In the event of such a rejection, the Debtors will use best efforts to defend against any claim for damages made by any person in connection with the Leased Property, and will consult with the Conservator and permit the Conservator to assist in the defense against such claims. In the event that any claim for damages, including any unpaid rent, lease payments, or license fees is allowed in Debtors' bankruptcy, the Conservator shall indemnify and hold harmless the Debtors from all such claims plus the cost of defense including reasonable attorneys' fees. To the extent that such claims are allowed as a claim in a certain amount in the Bankruptcy Court that is indemnified herein, the Conserved Companies shall only be Debtors' estates for the amount distributable in respect of such claims, calculated without giving effect to the indemnification, pursuant to an order of the Bankruptcy Court or a confirmed plan of reorganization or plan of liquidation, not the allowed amount of the allowed claim. This limitation on the indemnification is not intended to affect the Conserved Companies' obligation to indemnify and hold harmless the Debtors for the cost of defense including reasonable attorneys' fees. This indemnity agreement shall be paid a...
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Related to TRANSITION PERIOD TO PROVIDE FOR ASSUMPTION/REJECTION OF EXECUTORY CONTRACTS

  • Contract Transition Upon Contract expiration or termination, the Contractor shall ensure a seamless transfer of Contract responsibilities with any subsequent Contractor necessary to transition the Products and services of the Contract. The incumbent Contractor assumes all expenses related to the contract transition.

  • Termination Notice for Force Majeure Event If a Force Majeure Event subsists for a period of 180 (one hundred and eighty) days or more within a continuous period of 365 (three hundred and sixty five) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 34, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

  • Termination for Force Majeure In the event of a force majeure that lasts longer than thirty (30) days from the date that a Party claiming relief due to the force majeure event gives notice to the other Party, the Party not claiming relief under the force majeure event may terminate this Agreement upon written notice to the other Party. For the avoidance of doubt, the COVID-19 pandemic does not constitute a force majeure event.

  • Termination Payment for Force Majeure Event 34.9.1 If Termination is on account of a Non-Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to 90% (ninety per cent) of the Debt Due less Insurance Cover.

  • Termination for continuing Force Majeure Event Either Party may, by written notice to the other, terminate this Framework Agreement if a Force Majeure Event endures for a continuous period of more than one hundred and twenty (120) Working Days.

  • CONDITIONS FOR EMERGENCY/HURRICANE OR DISASTER - TERM CONTRACTS It is hereby made a part of this Invitation for Bids that before, during and after a public emergency, disaster, hurricane, flood, or other acts of God that Orange County shall require a “first priority” basis for goods and services. It is vital and imperative that the majority of citizens are protected from any emergency situation which threatens public health and safety, as determined by the County. Contractor agrees to rent/sell/lease all goods and services to the County or other governmental entities as opposed to a private citizen, on a first priority basis. The County expects to pay contractual prices for all goods or services required during an emergency situation. Contractor shall furnish a twenty-four (24) hour phone number in the event of such an emergency.

  • Compensation for Additional Services Additional Services shall be compensated as set forth on Exhibit A for the stipulated payment amounts set forth therein. Other Additional Services not set forth on Exhibit A that are required or requested by the Owner shall be compensated as agreed, using the methodology set forth on Exhibit A, prior to the Design Professional undertaking such Additional Services; provided, however, that if such compensation cannot be agreed, the Additional Services shall be performed at the hourly rates set forth and listed in Exhibit B, plus reimbursable expenses pursuant to Article 4.1.3 below, with a limitation as to maximum amount specified.

  • Compensation for Holidays Falling Within Vacation Schedule If a paid holiday falls on or is observed during an employee's vacation period, he/she shall be allowed an additional vacation day with pay at a time mutually agreed upon by the Employer and employee.

  • Interconnection Customer Compensation for Actions During Emergency Condition The CAISO shall compensate the Interconnection Customer in accordance with the CAISO Tariff for its provision of real and reactive power and other Emergency Condition services that the Interconnection Customer provides to support the CAISO Controlled Grid during an Emergency Condition in accordance with Article 11.6.

  • Price Adjustments for OGS Centralized Contracts Periodic price adjustments will occur no more than twice per year on a schedule to be established solely by OGS. Pricing offered shall be fixed for the first twelve (12) months of the Contract term. Such price increases will only apply to the OGS Centralized Contracts and shall not be applied retroactively to Authorized User Agreements or any Mini-bids already submitted to an Authorized User. Price Decreases Price decreases may be made at any time. Additionally, some price decreases shall be calculated in accordance with Appendix B, section 17, Pricing.

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