MELLC definition
Examples of MELLC in a sentence
MELLC shall maintain the following insurance coverage: general liability insurance in an amount no less than $1,000,000 combined single limit per occurrence and $2,000,000 in aggregate.
Residents of the MELLC apartments, theme communities and the Townhouses are responsible for maintaining their full occupancy for the academic year, or being equally billed the full value of the vacant space.
In addition, MELLC shall maintain worker’s compensation insurance as required by the State of New Hampshire.
Subject to the terms of this Agreement, the Lenders hereby consent to (a) the consummation of the Borrower Merger on terms set forth in the Borrower Merger Agreement, (b) the release and termination of the MHI Guaranty and the MELLC Guaranty, and (c) the release of the Equity Collateral from any and all liens granted to the Administrative Agent to secure the Obligations.
MELLC agrees it shall provide a copy of written notice of policy cancellation or nonrenewal to the PCC within 10 days of any termination of MELLC’s insurance.
MELLC is responsible for paying when due all income taxes, including estimated taxes, incurred as a result of the compensation paid by Town of Deerfield to MELLC for services under this Agreement.
COMMISSION agrees that payment is due net 30 days from the invoice received from MELLC, unless COMMISSION submits questions or requests regarding the bill to MELLC in writing, in which case payment shall be due within 30 days of the resolution of the questions or requests.
MELLC is not entitled to the rights or benefits afforded to the PCC, including disability, unemployment insurance, workers compensation, medical insurance, sick leave, or any other employment benefit if any.
MELLC is responsible for providing, at MELLC’s own expense, disability, insurance, worker’s compensation, and other insurance for MELLC and its employees, if any.
PCC shall have the right to terminate this contract in the event MELLC becomes unable to perform or is prevented from performing the services required hereunder or in the event of gross negligence, or any other material violation of this contract, on behalf of MELLC, and PCC shall provide a written fourteen (14) day notice of such termination.