Interruption of Operation Sample Clauses

Interruption of Operation. If, in the sole judgment of either Party, the power or reactive flow over the interconnection facilities of either Party is excessive to the extent that it jeopardizes the reliability of either Party*s service to its customers, the Parties shall attempt to agree upon adequate corrective measures to eliminate or control such excessive power or reactive flow; provided, however, that in the event such a situation exists, the Party so burdened shall have the right, with notice when possible to the other Party, to open and leave open one or all of the interconnections between the respective systems of the Parties until corrective action has been taken. The Parties further agree to study and negotiate the installation, ownership, and cost of any additional equipment necessary to effect a long-term solution to any such excessive loading as herein described in the event either Party determines that this interconnection contributes to the excessive loading and requests such negotiation.
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Interruption of Operation. The Parties agree that either of them may interrupt synchronous operation through the Point(s) of Interconnection if either Party determines that its facilities may be damaged due to excessive loading, and such excess loading may be reduced or alleviated by such interruption. If such interruption occurs, the Parties shall cooperate to remove the cause of such excess loading as soon as practicable and restore the Point(s) of Interconnection to normal operating condition. Neither Party shall be responsible to the other for damage or loss of revenue caused by such interruption. The Parties further agree to study and negotiate the installation, ownership, and cost of any additional equipment necessary to effect a long-term solution to any such excessive loading herein described in the event either Party determines that this interconnection contributes to excessive loading and requests such negotiation.
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Interruption of Operation. (a) If following the Effective Date and otherwise than as a result of an event of Force Majeure or pursuant to Article 14.1 (a) , JVC ceases or substantially ceases the operation of the Airport for more than 12 hours, at the request of either Party, AAI will meet with JVC to discuss and agree a plan and the appointment of a joint operation and management committee (and the terms and conditions upon which such committee is to be appointed), to procure that operation of the Airport recommences as soon as practicable. If AAI and JVC are unable to meet or to agree a plan and appoint a joint operation and management committee within six (6) hours of the expiry of the period referred to above, AAI shall be entitled, at the risk and cost of the JVC, to operate the Airport either itself or through a nominee. It is expressly agreed that the AAI will be entitled to collect all Aeronautical Charges (that are receivable by JVC on its own account) applicable during such time and set them off against operation costs and expenses incurred by AAI. It is further clarified that the JVC shall also indemnify AAI for all costs, expenses and liabilities incurred by AAI during the time the AAI or its nominee is operating the Airport (other than costs, expenses or liabilities arising as a result of gross negligence or wilful default of the AAI). If such Revenue as received by JVC is less than the operation costs and expenses of AAI and indemnification amounts (if any payable by JVC to AAI), then JVC shall forthwith pay such shortfall amount to the AAI.
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Interruption of Operation. If following the Airport Opening Date, HIAL ceases or substantially ceases the operation of the Airport for more than forty-eight (48) hours, other than in accordance with its rights under this Agreement and not being due to GoI or any Relevant Authority, without the written consent of GoI, at the request of either Party GoI will meet with HIAL to discuss and agree a plan and the appointment of a joint operation and management committee (and the terms and conditions upon which such committee is to be appointed), to procure that operation of the Airport recommences as soon as practicable. If XxX and HIAL are unable to agree a plan and appoint a joint operation and management committee within twelve (12) hours of the expiry of the period referred to above, GoI shall be entitled to operate the Airport until such time as HIAL is able to resume operation of the Airport.
Sample 1
Interruption of Operation. If following the Airport Opening Date, BIAL ceases or substantially ceases the operation of the Airport for more than forty-eight (48) hours, other than in accordance with its rights under this Agreement, without the written consent of XxX, at the request of either Party GoI will meet with BIAL to discuss and agree a plan and the appointment of a joint operation and management committee (and the terms and conditions upon which such committee is to be appointed), to procure that operation of the Airport recommences as soon as practicable. If XxX and BIAL are unable to agree a plan and appoint a joint operation and management committee within six (6) hours of the expiry of the period referred to above, GoI shall be entitled to operate the Airport until such time as BIAL is able to resume operation of the Airport.
Sample 1
Interruption of Operation. Neither the Association nor any of its officers, agents, or representatives shall be liable to the Employer in any actions at law for damages arising out of any interruption of the Employer's operations in violation of the provisions of this Article if, immediately upon receipt of notice from the Employer of such interruption by employees, the Association advised the Employer that such action is a violation of this Agreement and orders such employees to discontinue such action.
Sample 1
Interruption of Operation. (a) If following the Effective Date and otherwise than as a result of an event of Force Majeure, the PE ceases the operation of the Market and Essential Services of MTM for more than seven (7) days, at the request of either Party, the SAMB will meet with the PE to discuss and agree a plan and appoint a Joint Operation and Management Committee (and the terms and conditions upon which such committee is to be appointed), to ensure that the operation of the MTM recommences as soon as practicable. If the SAMB and the PE are unable to meet or to agree a plan and appoint a Joint Operation and Management Committee, the SAMB shall be entitled, at the risk and cost of the PE, to operate the MTM either itself or through a nominee. It is expressly agreed that the SAMB will be entitled to collect all Market Charges (that are receivable by the PE on its own account) applicable during such time and set them off against operation costs and expenses incurred by the SAMB.
Sample 1
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Related to Interruption of Operation

  • 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.

  • 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.

  • 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.

  • 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:

  • 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.

  • 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.

  • Interruption of Services Tenant agrees that Landlord shall not be liable in damages, by abatement of Rent or otherwise, for failure to furnish or delay in furnishing any service, or for any diminution in the quality or quantity thereof, when such failure or delay or diminution is occasioned, in whole or in part, by repairs, renewals, or improvements, by any strike, lockout or other labor trouble, by inability to secure electricity, gas, water, or other fuel at the Building after reasonable effort so to do, by any accident or casualty whatsoever, by act or default of Tenant or other parties, or by any other cause beyond Landlord’s reasonable control; and such failures or delays or diminution (any such event, a “Service Failure”) shall never be deemed to constitute an eviction or disturbance of Tenant’s use and possession of the Premises or relieve Tenant from paying Rent or performing any of its obligations under this Lease. Notwithstanding the foregoing, if the Premises, or a material portion of the Premises, is made untenantable (that is, Tenant cannot conduct its business in such portion) or inaccessible for a period in excess of five (5) consecutive business days as a result of the Service Failure that has been caused by Landlord’s act or omission with respect to matters within Landlord’s control (“Controlled Service Failure”), then Tenant, as its sole remedy, shall be entitled to receive an abatement of Rent payable hereunder during the period beginning on the sixth (61 ) consecutive business day of the Controlled Service Failure and ending on the day the service has been restored. If the entire Premises has not been rendered untenantable or inaccessible by such a Controlled Service Failure, the amount of abatement that Tenant is entitled to receive by reason of such a Controlled Service Failure shall be prorated based upon the percentage of the Premises rendered untenantable or inaccessible and not used by Tenant. Notwithstanding the foregoing, business days during which the Premises or a material portion thereof are untenantable or inaccessible, or during which all or nearly all the Premises are unusable, by reason of a Service Failure which arises from a fire or other casualty which is covered by the provisions of ARTICLE 13 shall in no event be considered in determining whether Tenant is entitled to an abatement of Rent under this Section 8.03 (in such event the provisions of Section 13.01 shall govern Tenant’s rights). In no event shall Landlord be liable to Tenant for any loss or damage, including the theft of Tenant’s property, arising out of or in connection with the failure of any security services, personnel or equipment.

  • 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.

  • Description of Accounting Services on a Continuous Basis PFPC will perform the following accounting services with respect to each Portfolio:

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