Facility Conditions Sample Clauses

The Facility Conditions clause sets out the specific requirements and criteria that must be satisfied before a lender will make funds available under a loan or credit facility. These conditions typically include the delivery of certain documents, evidence of compliance with legal or financial covenants, and the fulfillment of any precedent actions by the borrower, such as obtaining regulatory approvals or providing security interests. By clearly outlining these prerequisites, the clause ensures that the lender's risk is minimized and that all necessary safeguards are in place before disbursing funds.
Facility Conditions. The parties acknowledge that prior to the Effective Date, certain constituents of concern were present in the soil and groundwater beneath the Company’s facility located at ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ 18, Zona Industriale in Catania, Italy (“Company’s Catania Facility”), as documented by the Catania Remediation Matter Reports and illustrated in Schedule 7.01 to this Environmental Matters Agreement.
Facility Conditions. (a) The parties acknowledge that prior to the Effective Date, certain constituents of concern were present in groundwater beneath Pfizer’s facility located at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ in Kalamazoo, Michigan (“Pfizer’s Kalamazoo Facility”) above Michigan’s generic groundwater cleanup criteria, as documented by the Kalamazoo Environmental Matter Report (the “Kalamazoo Environmental Matter”). Pfizer is presently conducting Remedial Actions at the site to address the Kalamazoo Environmental Matter with oversight from the Michigan Department of Environmental Quality.
Facility Conditions. The District makes no representation regarding the condition of the facility to be used by Applicant. Applicant acknowledges, understands, and agrees that the District's school facilities, grounds or equipment are being provided to Applicant on an "as-is", "where-is" and "with any and all faults" basis, without representation or warranty, whether express or implied, of any kind whatsoever, including, without limitation, any representation or warranty of fitness or suitability for Applicant's particular use or purposes.
Facility Conditions. The parties acknowledge that in connection with the former divestiture of a portion of the Company’s facility in Guarulhos, Brazil pursuant to an Asset Purchase Agreement by and between Pfizer Inc. and Philipp Brothers Chemicals, Inc. dated September 28, 2000, Pfizer Inc. retained liability that it subsequently transferred to the Company pursuant to the Separation Agreement for the remediation of certain soil and groundwater impacts at the Company’s facility located at ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, 1555, Vila Sant’▇▇▇▇ in Guarulhos, Brazil that it is leasing to a member of the Pfizer Group (“Guarulhos Leased Facility”) pursuant to the Private Instrument of Non-residential Lease Agreement and Others, the impacts and of which have been documented in the Guarulhos Remediation Matter Reports (the “Guarulhos Remediation Matter”).
Facility Conditions. The satisfaction of each of the following conditions: (i) the Borrower shall have formed the L/C Subsidiary pursuant to documentation in form and substance reasonably satisfactory to the Agent, free and clear of any Liens, (ii) the Borrower shall have delivered to the Agent a certificate of an Authorized Officer of the Borrower in form and substance reasonably satisfactory to the Agent certifying that all of the Equity Securities of the L/C Subsidiary have been duly registered in the name of the Borrower and pledged to the Agent pursuant to the Security Agreement, (iii) the Agent has possession of the certificates evidencing all of the Equity Securities of the L/C Subsidiary owned by the Borrower, together with stock powers executed in blank by the Borrower, (iv) the L/C Subsidiary shall have delivered to the Agent a certificate of an Authorized Officer of the L/C Subsidiary in form and substance reasonably satisfactory to the Agent certifying that all of the Equity Securities of the L/C Subsidiary have been duly transferred to the Borrower, the Agent has a valid and enforceable first-priority Lien on all of the Equity Interests of the L/C Subsidiary and that the L/C Subsidiary shall make all cash dividends and distributions in respect of the Equity Securities of the L/C Subsidiary only to the L/C Collateral Account, (v) the Agent shall have received (a) the favorable written opinion of counsel to the Borrower addressed to the Agent and the Lenders in scope and substance reasonably satisfactory to the Agent, (b) copies of the Organizational Documents of the L/C Subsidiary, certified by an Authorized Officer of the L/C Subsidiary, (c) certificates of legal existence and good standing issued as of a recent date by the applicable state of organization and (d) such other supporting documents and certificates as the Agent may reasonably request and (vi) the documentation evidencing (x) the L/C Facility and (y) the pledge of all of the Equity Securities of the L/C Subsidiary owned by the Borrower to the Agent and the control agreement in respect of the L/C Collateral Account shall have become effective and binding on the parties thereto and shall be in form and substance reasonably satisfactory to the Agent. L/C Lender. Any financial institution or institutions reasonably acceptable to the Agent which issues stand-by letters of credit in favor of the NRTC, as beneficiary, for the account of the Operating Companies under the L/C Facility or the PM&C L/C Facility....
Facility Conditions. 1. The Board recognizes the importance of adequate and appropriate teaching stations. 2. A teacher workstation will include all of the following: a. Laptop b. Projection device c. Working phone d. Filing cabinet e. Desk f. Chair ▇. ▇▇▇▇▇ board h. Document camera i. Projection screen j. Productivity software, e.g.: Microsoft Word k. Access to internet to perform duties required of the job. 3. If the Association feels that facilities assignments have been unfairly made, the Association President shall write a letter of this concern to the Superintendent. Within a week of receipt of the letter, the Superintendent shall meet with the Association President to discuss the concern and explore alternative solutions. If no solution is reached, the Superintendent shall write the Association of the reasons for failure to resolve the issue.
Facility Conditions. Licensee has examined Facility prior to and as a condition precedent to the execution of this agreement and is satisfied with the physical condition thereof. Each time, prior to taking possession of Facility, Licensee will examine Facility so as to be satisfied with the physical condition thereof, and Licensee’s taking possession of Facility shall be conclusive evidence of Licensee’s receipt thereof in good order and repair.
Facility Conditions. The hirer acknowledges that they have inspected the relevant area for hire and warrants that the facilities are suitable for the purpose of their hire.
Facility Conditions. (a) The Society accepts that use and occupancy of the Facility and Grounds is on an “as is” basis and condition and acknowledges that the Regional District has not made any representations, warranties, or agreements as to the condition of the Facility and Grounds including its suitability for the Society’s purposes. (a) The Society accepts responsibility and the cost of remediation for any damage, including environmental damage, resulting from the Society’s use of the Facility and Grounds. (b) No “waste”, as that term is defined under the Environmental Management Act (British Columbia) as amended or replaced from time to time, may be brought onto the Facility and Grounds by the Society, and the Society will ensure that no “waste” is brought onto the Facility and Grounds, as shown in Appendix ‘A’, by any Applicant.
Facility Conditions. Operator is not responsible for the general Facility conditions with respect to the health and safety of the sheep. However, Contractor is encouraged to ask further information to Operator and to inspect the Facility to evaluate environmental conditions suitable for grazing sheep. Specific operational attributes include: