FAEC definition
Examples of FAEC in a sentence
A Committee consisting of no more than three (3) Company representatives and three (3) Union representatives, including the Vice President of Labor Relations and FAEC Chairperson, will be created to monitor, as required, the implementation of Section 1 of this Agreement (except Sections 1.1 and 1.2).
Under no circumstances shall the Company be required to remove from duty a FAEC member who is located outside the contiguous United States for the purpose of complying with this paragraph; provided, a Flight Attendant referred to in this paragraph shall be considered unavailable for Company duty assignments and under no circumstances will the Company schedule a duty assignment that conflicts with a Flight Attendant’s release pursuant to this paragraph.
The Company shall release all FAEC members from one (1) conflicting duty day every quarter in order for the FAEC members to meet with the Company to problem-solve and address matters of mutual concern.
Under no circumstance shall the Company be required to remove from duty an FAEC member who is located outside the contiguous United States for the purpose of complying with this paragraph; provided, a Flight Attendant referred to in this paragraph shall be considered unavailable for Company duty assignments and under no circumstances will the Company schedule a duty assignment that conflicts with a Flight Attendant’s release pursuant to this paragraph.
The joint Company/FAEC meetings will occur in conjunction with the Company releasing FAEC members as outlined in Section 18.5(A); provided, that if a meeting is scheduled to occur on a FAEC member’s day off, the FAEC member and the Company shall work together to adjust the FAEC member’s schedule so that the meeting occurs on a duty day.
For the first six months after this Agreement is ratified, the Company shall release one (1) FAEC member from duty for each month for the sole purpose of conducting Union business directly related to the implementation and application of this Agreement, unless a longer period is mutually agreed to.
Pursuant to Section 3 of the Seventh Amendment, HCP elected to consummate the purchase of the Leased Property of each Group 10 Facility through an Exchange (as defined in the Seventh Amendment) and FAEC took title to the Leased Property of each Group 10 Facility and leased the Leased Property of each Group 10 Facility to HCP pursuant to one or more Exchange Lease(s) (as defined in the Seventh Amendment).
First American further agrees to cause FAEC to maintain in such First American MMA a minimum of $25 million, until the earliest to occur of (a) the Put Closing Date (as defined in the Operating Agreement), (b) the Call Closing Date (as defined in the Operating Agreement), (c) a Change-in-Control of the Bank, (d) a Solvency Event or (e) a Legal Change (the "Deposit Term").
The Bank and FAEC shall each be a third party beneficiary in respect of all representation, warranties and covenants of First American and Matrix and MAMC, respectively, under this Section 5.11.
Pursuant to Section 3 of the Seventh Amendment, Lessee hereby acknowledges and agrees that, from and after the Exchange Completion Date, it has and shall continue to attorn to and recognize FAEC as a “Lessor” (as its interests may appear) under the Master Lease, as hereby amended.