Community Commitments Sample Clauses
The Community Commitments clause sets out the obligations and expectations that parties have towards the broader community affected by their agreement or activities. Typically, this clause outlines standards for social responsibility, such as supporting local initiatives, adhering to ethical practices, or engaging in community outreach programs. Its core function is to formalize the parties’ dedication to positive community impact, ensuring that their operations contribute constructively and address potential social concerns.
Community Commitments. From and after the Effective Time, Buyer shall use its reasonable efforts to continue the community commitments undertaken by the Seller Bank prior to the date hereof in the communities currently served by the Seller Bank.
Community Commitments. From and after the Effective Time, Fifth Third shall maintain the community commitments undertaken by Old Kent Bank Subsidiaries prior to the date hereof and set forth in Section 6.15 of the Old Kent Disclosure Schedule in the communities currently served by such banks.
Community Commitments. 45 6.15 Citizens Financial Group, Inc..................................................................45 6.16
Community Commitments. Lincoln and Jefferson-Pilot each acknowledge and agree that it is their intent that, after the Effective Time, Lincoln (or its charitable foundation) will engage in charitable giving and other charitable activities to the same or a greater degree as currently undertaken by Lincoln. Without limiting the foregoing, after the Effective Time, Lincoln (or its charitable foundation) shall use its reasonable best efforts to (i) honor and fulfill all charitable commitments made by Jefferson-Pilot prior to the date of this Agreement, provided such commitments do not exceed $2,500,000 in the aggregate or five years in duration, and (ii) each year for a period of five years, engage in charitable giving in respect of the communities to which Jefferson-Pilot currently gives, at a level equal to the greater of (x) $2.5 million in aggregate per year or (y) the level determined using Lincoln’s charitable giving formula.
Community Commitments. For five (5) years after the Closing, the Company shall maintain historic levels of economic development and charitable contributions in service territories of the Company and the Company Subsidiaries consistent with those set forth on Section 6.06(b)(ii) of the Company Disclosure Letter.
Community Commitments. From and after the Effective Time, FleetBoston shall use its reasonable efforts to continue the community commitments undertaken by Summit Bank Subsidiaries prior to the date hereof in the communities currently served by such banks.
Community Commitments. Tenant covenants and agrees that, subject in all respects to the rights of subtenants, licensees and other parties with contractual rights to use or operate at certain portions of the Premises from time-to-time, and further subject to reasonable rules and regulations promulgated by Tenant that are in effect in respect of operations at the Premises from time-to-time:
(a) North Huntingdon Township shall be permitted to host or hold community-focused events at or upon certain portions of the Premises (as shall be mutually agreed upon between Landlord and Tenant annually, in advance, in respect of the next upcoming calendar year) for up to ten (10) days per calendar year; and
(b) In addition to the community-focused events contemplated in Section 8.03(a), North Huntingdon Township shall be permitted to rent the sports fields and other athletic facilities located at the Premises, at the greater of (i) the rental rates charged from time-to-time by the Norwin School District for similar facilities owned and operated by the Norwin School District and (ii) the current rates charged by the Norwin School District for similar facilities owned and operated by the Norwin School District (which are set forth below). Concession Stand $5 $30 $60 $120 Gymnasium (Large) $5 $60 $120 $360 Gymnasium ( Small) $5 $30 $60 $120 Gymnasium (Medium) $5 $35 $70 $210 Stadium/Fieldhouse $15 $200 $400 $500 Stadium $15 $150 $300 $400 Stadium w/ Lights $200 $250 $500 $500 Turf Baseball Field $15 $100 $200 $200 Softball Field $5 $SO $100 $100 Practice Fields $5 $25 $50 $50 In the event that additional staffing is required, the requesting organization will be billed aCtutshteodfioalnlo-wing rates: $50.00/hour Maintenance - $60.00/hour Technician - $50.00/hour
Community Commitments. Parent acknowledges and agrees that, following the Effective Time, it will (a) cause the Surviving Corporation to honor and fulfill all charitable and community commitments made by the Company and its Subsidiaries prior to the date of this Agreement as set forth in Section 6.16 of the Company Disclosure Schedule, and (b) support the Safeco Insurance Foundation in engaging in charitable and community giving and other charitable and community activities in a manner consistent with that undertaken by the Safeco Insurance Foundation prior to the date of this Agreement (including by honoring and fulfilling all charitable and community commitments made by the Safeco Insurance Foundation prior to the date of this Agreement as set forth in Section 6.16 of the Company Disclosure Schedule), provided that any additional contributions by Parent to the Safeco Insurance Foundation following the Effective Time shall be made in a manner and to the extent consistent with Parent's charitable giving policies in effect from time to time.
Community Commitments. From and after the Effective Time, Buyer will use its reasonable efforts to continue the community commitments undertaken by the Company prior to the date hereof in the communities currently served by the Company consistent with Buyer’s policies.
Community Commitments. 48 ARTICLE XXII. NOTICES 51 ARTICLE XXIV. MISCELLANEOUS 52