TWC Sample Clauses
The TWC clause, often referring to 'Time, Work, and Compensation,' defines the terms under which work is performed, the expected timeline, and the payment structure between parties. Typically, it outlines the scope of services, deadlines for deliverables, and the method or schedule of compensation, such as hourly rates or milestone payments. This clause ensures both parties have a clear understanding of their obligations and expectations, reducing the risk of disputes over work performed or payments due.
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TWC. If a preliminary order is issued by the Texas Workforce Commission against Borrower for an aggregate amount of at least $25,000.
TWC. TWC represents and warrants to the Administrative Agent and the SG Lenders that:
(i) TWC is the exclusive legal and beneficial owners of all of the ▇▇▇▇▇▇▇▇▇ Secured Obligations;
(ii) the execution, delivery and performance of this Agreement by it is within its powers, has been duly authorized by the its members (or other equity holders), and does not contravene any law, any provision of any of the TWC Documents or any agreement to which it is a party or by which it is bound; and
(iii) this Agreement constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors’ rights generally and general principles of equity.