Conversion Provision Clause Samples
Conversion Provision. If one or more articles of the Processor Agreement should be invalid or otherwise not binding, the validity of the remaining articles of the Processor Agreement shall not be affected thereby. This includes in any case a (successful) appeal to nullification or nullity of the article. In such a case, the Parties shall, in mutual consultation and in the spirit of the Processor Agreement, amend the Processor Agreement to the extent necessary. The non-binding articles will be replaced by provisions that differ as little as possible in terms of the Parties' intentions from the non-binding articles in question. If the Parties have not entered into consultation or have not reached agreement, the provision will be interpreted as much as possible in accordance with the intentions of the Parties to the non-binding provision.
Conversion Provision. Notwithstanding anything to the contrary contained in the Partnership Agreement, in the event the Contributor chooses to request a Redemption (as defined in the Partnership Agreement) for the LP Units if they are properly Tendered Units (as defined in the Partnership Agreement) pursuant to Section 15.1(a) of the Partnership Agreement, the Acquiror agrees that Contributor shall have the option to either cause Acquiror to redeem any or all of such Tendered Units or to acquire the remaining Tendered Units in exchange for REIT Shares (as defined in the Partnership Agreement) pursuant to the terms of and subject to the limitations of Section 15.1(b) of the Partnership Agreement. The provisions of this Section 2.8 shall survive the Closing and shall not merge into the Partnership Agreement or into any of the conveyancing documents delivered at Closing. All capitalized terms used in this Section 2.8 shall, if not separately defined herein, have the meanings specified in the Partnership Agreement.
Conversion Provision. In the event an employeea union member incurs a disabling injury or illness during a scheduled earned time off shift, he may request termination of the earned time off shift and entry onto sick leave status. If the employee union member is hospitalized, a change of status is made on verification of the hospitalization. The employee union member is required to submit medical certification verifying the disability. The request for change of status requires approval of the Fire Chief or designee. Petitions for any variance to this procedure shall be reviewed by the Chief with no further recourse.
Conversion Provision. In the event an employee incurs a disabling injury or illness during a scheduled earned time off shift, he may request termination of the earned time off shift and entry onto sick leave status. If the employee is hospitalized, a change of status is made on verification of the hospitalization. The employee is required to submit medical certification verifying the disability. The request for change of status requires approval of the Fire Chief or designee.
Conversion Provision. Employees who are out on Workers’