SCWC definition
Examples of SCWC in a sentence
In addition, for a period commencing with the execution of this Agreement and continuing until ten (10) years after the Closing, neither the Seller nor any member of Seller or Affiliate of such member, shall seek to form or attempt to form a utility company to provide sewer and/or water service to any property located within ten (10) miles of the boundary of the service areas established by the existing CC&Ns held by SCWC and PVUC.
Further, Seller shall not permit the Companies to make any distributions to its respective members, pay any bonuses, incur liabilities or take any other actions which would cause, (a) the financial condition of SCWC to be inconsistent with the balance sheet forecast attached to this Agreement as Schedule 3.4(a), or (b) the financial condition of PVUC to be inconsistent with the balance sheet forecast attached to this Agreement as Schedule 3.4(b).
SCWC and PVUC provide service in a certificated area governed by the ACC.
Further, commencing with the execution of this Agreement and continuing until ten (10) years following the Closing, neither Seller nor any member of Seller or Affiliate of such member shall oppose any effort by Purchaser, PVUC, or SCWC, to expand the service areas established by the CC&Ns held by SCWC and/or PVUC and/or efforts to obtain additional CC&Ns.
Purchaser shall promptly cause to be filed with the Arizona Corporation Commission any necessary amendments to the Articles of Organization of in SCWC and PVUC to reflect the acquisition by Purchaser of the Membership Interests.
Sunday rail will have a minimum of one S/CWC and two A/CWCs if rail traffic is inbound only.
The Seller realizes that an audit of taxes paid to contractors on fixed assets of PVUC and SCWC would result in a refund of taxes paid for assets that are of a tax-exempt nature.
Sunday rail will have a minimum of one S/CWC and three A/CWC’s if rail traffic is inbound/outbound.
Purchaser and Seller acknowledge and agree that Purchaser is acquiring operating entities and that from and after the execution of this Agreement and continuing until the earlier of the Closing or the termination of this transaction, Seller shall cause the Companies to operate in the normal course and in accordance with past practices and all operating cash, working capital and similar assets will remain the property of Seller, SCWC or PVUC, as the case may be.
Without the prior consent of Purchaser, from the date of this Agreement until the earlier of the Closing or the termination of the transaction contemplated by this Agreement, Seller shall not permit SCWC and/or PVUC to hire any additional employees prior to the Closing, or dismiss any existing employees without the prior reasonable consent of Purchaser.