Interim Control Clause Samples

The Interim Control clause establishes temporary measures or authority over certain assets, operations, or processes during a transitional period, such as between contract signing and closing. In practice, this clause may grant one party the right to oversee or manage specific activities to ensure continuity, compliance, or protection of value until a final agreement or handover occurs. Its core function is to maintain stability and safeguard interests during periods of change, minimizing risks associated with uncertainty or lack of oversight.
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Interim Control. Upon the execution of this Agreement, and continuing throughout the interim period until Closing (the "Interim"), the Buyer shall enter into immediate possession of the Companies, and Seller shall cause Larr▇ ▇▇▇▇▇▇▇▇▇, ▇▇be▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ Bruc▇ ▇▇▇▇▇▇▇▇▇ ▇▇ be elected and they shall remain directors (the "Directors") of each of the Companies during the Interim. The Directors shall have the authority and the responsibility to manage the day-to-day operations and activities of the Companies, but only in the ordinary course of business and in a manner not inconsistent with this Agreement, including, but not limited to Section 5B(d). It is understood and agreed that in no event shall the Companies make contributions (capital or otherwise) to Tennessee Mining, Inc. ("TMI") that would cause the TMI Contribution (as defined below) limits to be exceeded.
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Interim Control. Unless and until the Indemnifying Party (if any) is determined with respect to any particular Action, the Party subject to such Action shall have the right to defend and control such Action, but shall not have the right to consent to the entry of any judgment or enter into any settlement with respect to the Action for which it would be seeking indemnification or reimbursement hereunder without the prior written consent of the other Party (which consent shall not be unreasonably withheld, conditioned or delayed).
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Interim Control. 1 (c) Pre-Closing Distributions................ 2 (d) Working Capital Statement................ 2 (e) Excess Working Capital................... 2 (f) Disputes................................. 3 (g) Access................................... 3 (h) Tennessee Mining, Inc.................... 3 2.Closing......................................... 4 3.
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Interim Control. Unless and until the Indemnifying Party (if any) is determined with respect to any particular Action, the Party subject to such Action shall have the right to defend and control such Action, but shall not have the right to consent to the entry of any judgment or enter into any settlement with respect to the Action for which it would be seeking indemnification or reimbursement hereunder without the prior written consent of the other Party (which consent shall not be unreasonably withheld, conditioned or delayed). [*] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
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Related to Interim Control

  • Job Control Personal Data being processed on commission (i.e., Personal Data processed on a customer’s behalf) is processed solely in accordance with the Agreement and related instructions of the customer.

  • Weed Control The tenant shall control all noxious weeds on the subject lands and maintain any summerfallow in a reasonably weed free condition.

  • SUBSIDY CONTROL 33.1 The Contractor should obtain its own advice as to whether the Subsidy Control Rules apply to the Funding received in relation to the Services delivered under this Contract. Guidance on this can be found at Complying with the UK’s international obligations on subsidy control: guidance for public authorities - ▇▇▇.▇▇ (▇▇▇.▇▇▇.▇▇). 33.2 Where the rules on Subsidy Control apply, the Contractor must: 33.2.1 comply with the relevant notification requirements; and 33.2.2 collect and retain appropriate records and will supply those records to the Department on its request. 33.3 The Department reserves the right to require the Contractor to obtain a contribution towards the cost of the Services delivered under this Contract from the employer of any Learner. Where a contribution is required, the Department will confirm to the Contractor in writing the exact percentage of the contribution. 33.4 Where the Department requires the Contractor to obtain a contribution towards the cost of the Services under Clause 33.3 above, the Contractor must provide evidence that the contribution has been received. 33.5 If a recovery order or any other enforcement measure is taken under the Subsidy Control Act 2022, the Contractor will repay the relevant subsidy to the Department within 28 days or such other timescale that the Department agrees with the Contractor.

  • Operational Control Directing the operation of the Transmission Facilities Under ISO Operational Control to maintain these facilities in a reliable state, as defined by the Reliability Rules. The ISO shall approve operational decisions concerning these facilities, made by each Transmission Owner before the Transmission Owner implements those decisions. In accordance with ISO Procedures, the ISO shall direct each Transmission Owner to take certain actions to restore the system to the Normal State. Operational Control includes security monitoring, adjustment of generation and transmission resources, coordination and approval of changes in transmission status for maintenance, determination of changes in transmission status for reliability, coordination with other Control Areas, voltage reductions and Load Shedding, except that each Transmission Owner continues to physically operate and maintain its facilities.

  • Input Control The possibility to subsequently verify and determine whether, and by whom, personal data was entered into, changed or removed from data processing systems must be ensured. • Definition of entry authorisation • Logging of logins