Wind Down Provisions Sample Clauses

Wind Down Provisions. (a) The "
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Wind Down Provisions. In the event of termination of this Agreement, BusPatrol shall be relieved of any further obligations related to the installation, operation SCHOOL BUS STOP ARM ENFORCEMENT AGREEMENT PAGE 00 XXXXXXX XXXXXXXXX XXX XXXXXX XXXXX AREA SCHOOL DISTRICT CONFIDENTIAL Spring Grove Area School District (Pennsylvania) 8.0 SURVIVAL.‌‌‌‌‌ and maintenance of the BusPatrol System within Spring Grove Area School District. In the event either party terminates this Agreement, Spring Grove Area School District,, BusPatrol, and Bus Operator shall agree upon a methodical and efficient schedule for removal of all BusPatrol Equipment from the School Buses, but in no event shall this schedule be less than 180 calendar days following termination. Responsibility for removal shall be that of BusPatrol. Notwithstanding any other provision of this Agreement to the contrary, Spring Grove Area School District and BusPatrol agree that any Notice of Violation issued prior to the effective date of termination shall continue to be processed and administered by BusPatrol according to the provisions of this Agreement, including the Technology Fees/Revenue Sharing provisions in Article 5.0. BusPatrol shall, within a reasonable amount of time, deliver to Spring Grove Area School District or certify the destruction of any Proprietary Information provided by Spring Grove Area School District to BusPatrol pursuant to this Agreement. BusPatrol shall, within a reasonable amount of time, deliver to Spring Grove Area School District a final report regarding the issuance of Notices of Violation and collection of fines under this Agreement. Unless Spring Grove Area School District and BusPatrol have agreed to enter into a new agreement relating to the BusPatrol System or have agreed to extend the Term of this Agreement, Spring Grove Area School District shall immediately cease using the BusPatrol System upon termination of expiration of this Agreement, and shall allow BusPatrol to remove any and all BusPatrol Equipment, BusPatrol Software or other materials of BusPatrol installed in connection with BusPatrol's performance of its obligations under this Agreement including, but not limited to, any and all External Enforcement Cameras and Non-Enforcement Cameras and related equipment installed by BusPatrol. Each of the following Sections shall survive the termination of this Agreement: i. Definitions;
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Wind Down Provisions. In the case of cancellation or expiration of the HSL program, the following provisions shall apply: -All existing borrower interest rates in effect as of the date of program cancellation shall remain in effect until final payment of the loans, provided that VEIC has made the required IBR payment for the full term of the loans in accordance with Attachment B. -When the portfolio of HSL loans issued under this Contract is fully retired, the Contractor shall return to VEIC all remaining LLR funds. [Company Name] ATTACHMENT B: Payment Provisions & Invoicing Data Requirements Maximum amount payable: $XXX; this value represents the maximum total payment under this Contract for interest rate buy-downs (IRB) and loan loss reserves (LLR). Payment will be made to Contractor based on IRB and LLR calculated values for loans that have closed during each invoice period. All invoices submitted by the Contractor to VEIC shall make reference to “Contract” and the contract number appearing at the top of Page 1 of this Contract. Invoices must be submitted monthly with required loan data using the Invoice Reporting Template (see Exhibit 1). Invoices submitted without the required Reporting or cost breakdown will be returned to the Contractor. Contractor shall invoice for the funding of the reserve as part of its standard invoicing for loans originated during the invoice period. Billing for LLR payments shall be identified separate from billing for interest rate buy-downs. A sample invoice is included in Exhibit 1. Required Loan Data for Invoice (provided monthly); see Exhibit 1- Contractor Invoice Reporting Template Excel spreadsheet with following information for each loan, along with totaled values, where specified below: • Loan close date • Loan amount (principal) • Primary project measure category • Secondary project measure category (if applicable) • Town of borrower • Whether borrower is a Vermont Gas customer • Loan income tier category (A, B, C, D) • Loans determined to qualify as “low income” • Full Cost Interest rate, Discounted Interest Rate, and the interest rate difference between them. • Interest rate buy-down dollar amount (using net present value calculator) • Loans denied (total number of loans denied, and total principal amount denied, broken out income tier per loan) • Loan loss reserve dollar amount (based on terms of this agreement) • Length of loan term • Total cost of IRB for the invoice period • Total cost of LLR for the invoice period • Total cost of ...
Sample 1
Wind Down Provisions. (1) In the event of termination or non-renewal, Contractor and Board will agree on a wind-down plan that provides for the removal of BusPatrol equipment at BusPatrol’s full expense and other provisions called for in BusPatrol’s Supplemental Proposal. If BusPatrol does not satisfactorily remove BusPatrol’s equipment within a timeframe mutually acceptable to both parties, but not to exceed 90 calendar days, Board may remove the equipment and withhold the costs of removal from any sums due BusPatrol and/or institute legal proceedings for the cost of removal, in which event BusPatrol shall be liable for all costs of collection including reasonable attorneys’ fees.
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Wind Down Provisions. 18.1 In the event that the Agent determines (in its absolute discretion) that it is necessary to wind-down LBT, the Agent will notify the Lender and the Borrower by serving a Wind-Down Notice on each of them. Without prejudice to any rights of the Agent or the Lender and notwithstanding any terms to the contrary contained in any part of the Loan Agreement, upon the issuance of a Wind-Down Notice the Loan will become due and payable by the Borrower on the 30th calendar day following the date of the Wind-Down Notice, whereupon the Borrower shall immediately repay the Loan together with all interest accrued and all other sums payable under this agreement.
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Related to Wind Down Provisions

  • Flow Down Provisions Grantee must include any applicable provisions of the Contract in all subcontracts based on the scope and magnitude of work to be performed by such Subcontractor. Any necessary terms will be modified appropriately to preserve the State's rights under the Contract.

  • COMMON PROVISIONS Article 10

  • Termination Provisions In this Agreement:

  • Loan Provisions [ ] A. Participant loans are not available from the Plan. [x] B. Participant loans are permitted in accordance with the Employer’s established loan procedures. [ ] C. Loan payments will be suspended under the Plan as permitted under Code Section 414(u) in compliance with the Uniformed Services Employment and Reemployment Rights Act of 1994.

  • General Loan Provisions 20 Section 4.1 Interest ............................................................ 20 Section 4.2 Notice and Manner of Conversion or Continuation of Loans ............ 23 Section 4.3 Continuation Fee .................................................... 23 Section 4.4 Manner of Payment ................................................... 23 Section 4.5 Crediting of Payments and Proceeds .................................. 24 Section 4.6 Adjustments ......................................................... 24

  • Certain Provisions If the operation of any provision of this Agreement would contravene the provisions of applicable law, or would result in the imposition of general liability on any Limited Partner or Special Limited Partner, such provisions shall be void and ineffectual.

  • Anti-Dilution Provisions The Exercise Price in effect at any time and the number and kind of securities purchasable upon the exercise of the Warrants shall be subject to adjustment from time to time upon the happening of certain events as follows:

  • Transition Provisions Any person engaged as an apprentice at the date this award commenced operation shall be deemed to be an apprentice for all purposes of this award until the completion or cancellation of their apprenticeship contract.

  • Cancellation Provisions MOIS and Pershing are authorized, in their discretion, should you die or should they for any reason whatsoever deem it necessary for their protection, without notice, to cancel any outstanding orders in order to close out your accounts, in whole or in part, or to close out any of the commitments made on your behalf.

  • Lock-Up Provisions (a) Holder hereby agrees not to, during the period (the “Lock-Up Period”) commencing from the Closing and ending on the earlier of (A) the one (1) year anniversary of the date of the Closing, (B) the first date subsequent to the Closing with respect to which the closing price of the Purchaser Common Stock has equaled or exceeded $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Closing or (C) the date on which the Purchaser completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the Purchaser’s stockholders having the right to exchange their shares of Purchaser Common Stock for cash, securities or other property: (i) lend, offer, pledge, hypothecate, encumber, donate, assign, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any Restricted Securities, (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Restricted Securities or (iii) publicly disclose the intention to do any of the foregoing, whether any such transaction described in clauses (i), (ii) or (iii) above is to be settled by delivery of Restricted Securities or other securities, in cash or otherwise (any of the foregoing described in clauses (i), (ii) or (iii), a “Prohibited Transfer”). The foregoing sentence shall not apply to the transfer of any or all of the Restricted Securities owned by Xxxxxx (I) by gift, (II) by will or other testamentary document or intestate succession upon the death of Xxxxxx, (III) to any Permitted Transferee (as defined below), (IV) pursuant to a court order or settlement agreement or other domestic order related to the distribution of assets in connection with the dissolution of marriage or civil union, (V) to the Purchaser pursuant to any contractual arrangement in effect on the date of this Agreement that provides for the repurchase of shares of Purchaser Common Stock in connection with the termination of the undersigned’s employment with or service to the Purchaser; provided, however, that in any of cases (I), (II), (III) or (IV) above, it shall be a condition to such transfer that the transferee executes and delivers to the Purchaser and the Purchaser Representative an agreement stating that the transferee is receiving and holding the Restricted Securities subject to the provisions of this Agreement applicable to Holder, and there shall be no further transfer of such Restricted Securities except in accordance with this Agreement. As used in this Agreement, the term “

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