Immediate Concern Sample Clauses

The Immediate Concern clause establishes a mechanism for parties to address urgent issues that arise during the course of an agreement. Typically, this clause allows either party to notify the other promptly if a situation emerges that could significantly impact the contract's performance or the parties' interests, such as a breach, safety hazard, or regulatory issue. By providing a formal process for raising and responding to pressing matters, the clause ensures that critical problems are dealt with swiftly, minimizing potential harm and facilitating timely resolution.
Immediate Concern. Notwithstanding the foregoing, Hydro is currently reviewing the development potential and associated options along the waterway between the Kelsey Generating Station and the Kettle Generating Station. Initial studies indicate that full development cannot be accomplished without an upward adjustment of the Setback Lines and the static inundation level of 169.47 m (556.0 ft.) ASL Local Datum permitted by the Easements. As a consequence, Hydro and Split Lake Cree agree, after the Date of this Agreement, to commence the environmental review and the negotiation contemplated in the Resolution Process to Amend Easements set forth in subsection 2.8.3 of this Article, at the earliest possible date.
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Related to Immediate Concern

  • Certain Business Relationships Neither Parent nor any of its affiliates is a party to any Contract with any director, officer or employee of the Company or any Company Subsidiary.

  • Dispute Concerning Termination If within fifteen (15) days after any Notice of Termination is given, or, if later, prior to the Date of Termination (as determined without regard to this Section 7.3), the party receiving such Notice of Termination notifies the other party that a dispute exists concerning the termination, the Date of Termination shall be extended until the earlier of (i) the date on which the Term ends or (ii) the date on which the dispute is finally resolved, either by mutual written agreement of the parties or by a final judgment, order or decree of an arbitrator or a court of competent jurisdiction (which is not appealable or with respect to which the time for appeal therefrom has expired and no appeal has been perfected); provided, however, that the Date of Termination shall be extended by a notice of dispute given by the Executive only if such notice is given in good faith and the Executive pursues the resolution of such dispute with reasonable diligence.

  • Presentation of Potential Target Businesses The Company shall cause each of the Initial Shareholders to agree that, in order to minimize potential conflicts of interest which may arise from multiple affiliations, the Initial Shareholders will present to the Company for its consideration, prior to presentation to any other person or company, any suitable opportunity to acquire an operating business, until the earlier of the consummation by the Company of a Business Combination or the liquidation of the Company, subject to any pre-existing fiduciary obligations the Initial Shareholders might have.

  • RELATIONSHIP BETWEEN THE PARTIES A Party is not by virtue of this Agreement the employee, agent or partner of the other Party and is not authorised to bind or represent the other Party.

  • Employee Called as a Witness Upon reasonable notification, the Employer will grant leave with pay to a witness called by an employee who is a party to the grievance.