SECTION THREE definition

SECTION THREE. This Resolution supersedes any resolutions or motions, or parts of resolutions or motions, in conflict with any part herein, and any such resolutions or motions, or parts thereof, are hereby repealed to the extent of any conflict.
SECTION THREE. The District recognizes drug abuse may be an illness and that its employees are valuable assets to the District and the District does herewith establish a policy intended to rehabilitate rather than terminate the employment of workers who are drug abusers. No District employee shall be ineligible for future employment for drug use, except when such use is in violation of Section One of this Policy without first having been offered the opportunity to discontinue use either through personal choice or by treatment for chemical dependency, if such treatment is needed as determined by the MRO (Medical Review Officer).
SECTION THREE. The Village President is hereby authorized and directed to execute any additional Loan Agreements needed with the Illinois Environmental Protection Agency on behalf of the Village of Itasca. The Corporate Authorities hereby authorize the Village President or his designee to execute any documents associated with payment requests or reimbursements from the Illinois Environmental Protection Agency in connection with this loan.

Examples of SECTION THREE in a sentence

  • To meet the submission requirements, upload the Development Cost Pro Forma as outlined in Section Three of the RFA.

  • The Owner is exempted by Section Three of the Illinois Use Tax Act (Sec 3, House Bill 1610 approved July 31, 1961.

  • The last section of the Remittance Advice features the description of each of the edit codes (including approved codes) failed by the claims listed in Section Three.

  • III.2.3. Section Three: Financial proposal All tenders must contain a financial proposal.

  • At the first valid meeting following a vacancy of an office, the position is to be filled by the same manner described in Article V, Section Three.


More Definitions of SECTION THREE

SECTION THREE. COMMERCIAL PLEDGE ON LOANS / CREDIT FACILITIES Interhold, duly represented as stated in the recitals hereof, creates in favor of the Collateral Agent, who acts on the account and for the benefit of the Creditor a commercial pledge in compliance with the provisions set forth in sections 813 et seq. of the Commercial Code and with the terms and conditions hereof, on the rights, credits and accounts receivables derived or which may be derived from the Pledged Loan in favor of Interhold, as well as on any other right in favor of Interhold to collect any amount under the Pledged Loan already identified above, in order to secure the faithful, full and timely fulfillment of all present or future obligations assumed or to be assumed by Interhold to the Creditor, its future assignees and/or legal successors, under the Credit Facility Agreement, the Credit Facility, the Promissory Notes, and any other Credit Documents, as such term is defined in the Credit Facility Agreement, including any agreed and penalty interest thereon, adjustments, judicial or extrajudicial costs and expenses, fees and any other amount owed or to be owed to the Creditor, and all obligations derived from the acts and agreements indicated above, whether such obligations are of the essence or of the nature of such acts or agreements, including also any extensions, renewals, reschedules, modifications, amendments, changes in interest rates, substitutions of collateral, capitalizations of interest, any changes or variations in the time, manner and method of paying the obligations agreed upon between the Debtor and Creditor or its assigns, without limitation, as well as the loans and documents substituting or replacing all or part of the secured obligations, either through novation, rescheduling or otherwise or for any other reason, hereinafter referred to as the “Secured Obligations”. The pledge created herein is also levied on all interest, including penalty interest, commissions, fees and any other obligations collateral to the Secured Obligations in favor of the Creditor under the Credit Facility Agreement. The pledge hereby levied shall further secure the reimbursement to the Creditor and the Collateral Agent of all legal costs and collection expenses, whether judicial or extrajudicial, including reasonable attorneys’ fees, if any, which may be incurred as a result of any proceedings or demands brought for the collection or foreclosure of the pledges in favor of the Creditor; and it shall also...
SECTION THREE. This Ordinance shall be in full force and effect from and after its passage and approval in the manner provided by law. SECTION FOUR: All ordinances or parts of ordinances in conflict herewith shall be and the same are hereby repealed.
SECTION THREE. Upon approval by HUD of the Homeless Assistance Submission and Reuse Plan, completion by the Army of the NEPA Decision Document, issuance by the Army of a Finding of Suitability for Transfer (“FOST”) or Finding of Suitability for Early Transfer (“FOSET”), as applicable, and completion of all other actions necessary for the conveyance of the Designated Homeless Service Facilities consistent with the approved Reuse Plan and the terms of this Agreement, the LRA shall request that the Army transfer the Designated Homeless Service Facilities to the LRA by quitclaim deed at no cost and, subject to such transfer, upon at least sixty (60) days prior written notice to CAPN and Saint Joseph’s, the LRA shall lease the Designated Homeless Service Facilities pursuant to the Lease at no cost, to a trust of which CAPN and Saint Joseph’s are the grantors, sole trustees, and sole beneficiaries (the “Trust”), pursuant to the terms hereof. The Lease shall have a term of forty- nine (49) years with an option to purchase in fee for nominal consideration ($100.00) at the end of the lease term. If, at any time following the lease of the Designated Homeless Service Facilities to the Trust (i) all, or a substantial portion of the Designated Homeless Service Facilities are abandoned or are not being used to operate the Programs, or (ii) CAPN, Saint Joseph’s, or the Trust is not operating the Programs in accordance with the terms of the NOI or in accordance with changes to the Programs made with the express written consent of the LRA pursuant to Section Five hereof, or (iii) CAPN, Saint Joseph’s, or the Trust fails to comply with the provisions of Section Two, Section Five or Section Six hereof, or (iv) CAPN, Saint Joseph’s, or the Trust dissolves or otherwise ceases to function, then the Lease shall be terminated pursuant to provisions more particularly prescribed in the Lease. The LRA shall provide CAPN, Saint Joseph’s, and the Trust written notice of such occurrence and if CAPN, Saint Joseph’s, and the Trust cure the noticed deficiency within sixty (60) days of the receipt of said notice, pursuant to the terms of the Lease then the Lease shall remain in full force and effect. Section Four: In the event the environmental analysis currently being undertaken by the Army indicates that the Designated Homeless Service Facilities identified in Section Two are not suitable for the intended purpose of carrying out the Programs, the LRA, CAPN, and Saint Joseph’s agree that they shall make...
SECTION THREE. Upon approval by HUD of the Homeless Assistance Submission and Reuse Plan, completion by the Army of the NEPA Decision Document, issuance by the Army of a Finding of Suitability for Transfer (“FOST”) or Finding of Suitability for Early Transfer (“FOSET”), as applicable, and completion of all other actions necessary for the conveyance of the Designated Homeless Service Facilities consistent with the approved Reuse Plan and the terms of this Agreement, the LRA shall request that the Army transfer the Designated Homeless Service Facilities to the LRA by quitclaim deed at no cost and, subject to such transfer, upon at least sixty (60) days prior written notice to XXXXX Kids, the LRA shall lease the Designated Homeless Service Facilities pursuant to the Lease at no cost, to XXXXX Kids pursuant to the terms hereof. If, at any time following the lease of the Designated Homeless Service Facilities to XXXXX Kids (i) all, or a substantial portion of the Designated Homeless Service Facilities are abandoned or are not being used to operate the Programs, or (ii) XXXXX Kids is not operating the Programs in accordance with the terms of the NOI or in accordance with changes to the Programs made with the express written consent of the LRA pursuant to Section Five hereof, or (iii) XXXXX Kids fails to comply with the provisions of Section Two, Section Five or Section Six hereof, or (iv) XXXXX Kids dissolves or otherwise ceases to function, then the Lease shall be terminated pursuant to provisions more particularly prescribed in the Lease. The LRA shall provide XXXXX Kids written notice of such occurrence and if XXXXX Kids cures the noticed deficiency within sixty (60) days of the receipt of said notice pursuant to the terms of the Lease, then the Lease shall remain in full force and effect. Section Four: In the event the environmental analysis currently being undertaken by the Army indicates that the Designated Homeless Service Facilities identified in Section Two are not suitable for the intended purpose of carrying out the Programs, the LRA and XXXXX Kids agree that they shall make diligent efforts to (i) relocate the Designated Homeless Service Facilities to another location on Fort XxXxxxxxx, or to other property in the City of Atlanta not within the current boundaries of Fort XxXxxxxxx, so long as the alternative property is comparable, as determined by the LRA, to the Designated Homeless Service Facilities as to (a) size and condition, (b) proximity to public and priva...
SECTION THREE. The parties further represent that those provisions of the Agreement which have not been modified or changed by this instrument shall remain valid and in full force and effect.
SECTION THREE. The Optionee May Not Exercise Options Pending Company Determinations The Company has not yet determined which of the Optionee’s options are Reissued Options. The Optionee may not exercise any options until the Company makes that determination with respect to the option the Optionee desires to exercise. The Company will make such determinations as soon as practicable. Section Four: No Admission of Wrongdoing By adopting this Amendment, no one is admitting that anyone did anything wrong or inappropriate in initially granting the Optionee Reissued Options with exercise prices below their Correct Exercise Prices.