Financing of Operations Sample Clauses

Financing of Operations. Unless otherwise agreed between the Parties, expenditures arising from the Venture Entity's Operations in the Operating Territory shall be borne by the Venture Entity.
Sample 1
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Financing of Operations. 11.1 Necessary funds for the operation of the Company, not covered by the Company's paid up capital, shall be principally secured under the responsibility of the Company itself. However, if the Company is unable to secure such funds, the shareholders of the Company will cooperate reasonably in attempting to procure such necessary funds by means of increase of capital, direct loan, guarantee of Company obligations (unless prohibited by applicable laws, regulations or other agreements), or otherwise, as the case may be, but shall be responsible for such capital, direct loan, guarantee or other arrangement severally (not jointly), in proportion to their shareholdings of the Company. Notwithstanding the foregoing provisions, neither party hereto shall be required to supply directly, or obligate itself for the payment or guarantee of, such additional funds.
Sample 1
Financing of Operations. (a) It is intended that operations of the Project will be financed from the cash flow of the Project. Notwithstanding this intention, should additional cash be required for operations and not be available from institutional lenders on terms deemed reasonable by the Board of Directors, each Shareholder shall provide its Respective Share of such cash on the basis of schedules therefor prepared by the Operator and approved by the Board of Directors and shall receive Shares or Subordinated Debt therefor as shall be determined by the Board of Directors. Any such Shares shall be sold at a price equal to book value as reasonably determined by the Board of Directors, and any such Subordinated Debt shall be sold at a price equal to par.
Sample 1
Financing of Operations. 11.1 During the Option Period All funding for Operations conducted on the Project during the Option Period, including the obligation to maintain the Project pursuant to Sections 3.9 and 9.2, shall be provided by Osisko. For greater certainty, it is however expressly understood by the Parties, and Xxxxxxx hereby acknowledges, agrees and covenants that Osisko shall not be responsible or liable, under any circumstances, for any repayment of any governmental grant received by Xxxxxxx (or its predecessors in interest to the Project) in connection with the performance of any activities on or in respect of the Project prior to the Effective Date. Correspondingly, Osisko shall be solely responsible and liable for any repayment of any governmental grant received by Osisko and used to fund Expenditures during the Option Period.
Sample 1
Financing of Operations 
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Related to Financing of Operations

  • Statement of Operations d. Statement of Changes in Net Assets.

  • Control of Operations Without in any way limiting any party’s rights or obligations under this Agreement, the parties understand and agree that (a) nothing contained in this Agreement shall give Parent or the Company, directly or indirectly, the right to control or direct the other party’s operations prior to the Effective Time and (b) prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.

  • Continuity of Operations (1) Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • Maintenance of Operations The Company shall maintain operations at the Project for a minimum of ten (10) years beginning on the date the Project is Placed in Service. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including:

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

  • Conduct of Operations The Board of Directors and the General Partner shall use commercially reasonable efforts to conduct the business of the Partnership and its Affiliates in a manner that does not require a holder of Common Units to file a tax return in any jurisdiction with which the holder has no contact other than through ownership of Common Units.

  • Hours of Operation Tenant will carry on its business diligently and continuously in the Premises and will keep the Premises open for business not less than sixteen (16) consecutive hours each day seven (7) days per week, including holidays. Director or his/her representative may, from time to time, change such required hours of operation, in which event, Tenant will remain open during such revised hours. Similarly, Tenant may, from time to time, request to revise its hours of operation. Such change must be approved by Director or his/her representative, in writing, prior to its occurrence. Tenant may not, at any time, vacate or abandon the Premises.

  • Operations As of the date hereof, the Company has not conducted, and prior to the IPO Closing the Company will not conduct, any operations other than organizational activities and activities in connection with offerings of its securities.

  • Payment of Operating Expenses Subject to the provisions of Section 6.08(c), Borrower will (i) pay the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including utilities, Repairs and Capital Replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added, and (ii) pay Insurance premiums at least 30 days prior to the expiration date of each policy of Insurance, unless applicable law specifies some lesser period.

  • Resignation of Operator Subject to Article 4.11, Operator may resign as Operator at any time by so notifying the other Parties at least one hundred and twenty (120) Days prior to the effective date of such resignation.

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