Limited Operations Sample Clauses
Limited Operations. The ISO shall, upon the request and at the expense of the Developer, in conjunction with the Connecting Transmission Owner, perform operating studies to determine the extent to which the Developer’s Large Generating Facility and the Developer’s Attachment Facilities may operate prior to the completion of the Connecting Transmission Owner’s Attachment Facilities or System Upgrade Facilities or System Deliverability Upgrades consistent with Applicable Laws and Regulations, Applicable Reliability Standards, and Good Utility Practice. This provision does not permit the Developer to request the evaluation of an alternative configuration of the proposed Large Generating Facility; rather, this provision merely allows the Developer to request an evaluation of the extent to which its Large Generating Facility may operate, if at all, prior to the completion of all required upgrade facilities. This provision does not permit the Developer to operate the Developer’s Large Generating Facility and the Developer’s Attachment Facilities in accordance with the results of such studies. Such requirements must be documented in the Large Facility’s Interconnection Agreement, which must be fully executed or filed unexecuted and accepted by the Commission prior to the Large Facility going into Commercial Operation. Such requirements must also have a defined end date specified in the Interconnection Agreement – the date beyond which Limited Operations is not permitted.
Limited Operations. The ISO shall, upon the request and at the expense of the Developer, in conjunction with the Connecting Transmission Owner, perform operating studies to determine the extent to which the Developer’s Large Generating Facility and the Developer’s Attachment Facilities may operate prior to the completion of the Connecting Transmission Owner’s Attachment Facilities or System Upgrade Facilities or System Deliverability Upgrades consistent with Applicable Laws and Regulations, Applicable Reliability Standards, and Good Utility Practice. This provision does not permit the Developer to request the evaluation of an alternative configuration of the proposed Large Generating Facility; rather, this provision merely allows the Developer to request an evaluation of the extent to which its Large Generating Facility may operate, if at all, prior to the completion of all required upgrade facilities. This provision does not permit the
Limited Operations. Since the date of its formation, the Parent has not carried on any business, conducted any operations, entered into any agreements or contracts or incurred any liabilities (whether absolute or contingent, whether liquidated or unliquidated and whether due or to become due), other than the Transaction Documentation and the performance of its obligations thereunder and matters ancillary thereto. The Parent has prepared no financial statements.
Limited Operations. OilQuip has not conducted any material business operations other than: the formation of MCA, the acquisition through MCA (including the financing of such acquisition) of the assets of Mountain Air Drilling Service Co., Inc. ("Mountain Drilling"), the lease of its current office at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, the engagement of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ as Chief Executive Officer, the engagement of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ as a financial advisor and the negotiation of this Agreement. Since the acquisition of the assets of Mountain Drilling, such assets have been operated in the ordinary course of business and there has been no material change in the business of Mountain Drilling. To the knowledge of OilQuip, after due inquiry of the officers of MCA, except as set forth on Schedule 4.15 hereto the representations and warranties of Mountain Drilling set forth in the Asset Purchase Agreement dated as of February 6, 2001, by and among Mountain Compressed Air, Inc., a Texas corporation, Mountain Drilling and ▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇ (the "Purchase Agreement"), are true and correct as of the date hereof (without regard to any knowledge qualification set forth in the Purchase Agreement), and there has been no material adverse development in the business of MCA since the date of the Purchase Agreement.
Limited Operations. When Limited Operations is established/declared then the Plant Manager will determine the number of Bargaining Unit employees by classification needed to maintain/operate the plant safely. Once the number of each group is determined then each group will be canvassed by group seniority.
Limited Operations. Prior to the Closing, the Company’s activities have been limited to (1) organizational matters, including the execution, delivery and performance of this Agreement and the Ancillary Agreements and (2) developmental activities with respect to the business.
Limited Operations. As of the date hereof, Holdings is a newly formed entity that neither owns nor has owned any material assets or material liabilities, in each case other than those under or relating to the Merger, the Merger Agreement and agreements relating to the financing and consummation of the Merger and other than administrative matters relating to its formation.
Limited Operations. The Company agrees that in the event of a natural disaster in the local area where it becomes unsafe for non- essential employees to travel to or from work, employees missing time will not have the time counted against them, regarding attendance control, so long as the condition exists. Such circumstances will be determined when the Program Manager declares limited operations. During limited operations essential employees who report to work within one (1) hour after the start of their regular shift will be paid their full shift. Employees determined to be essential by the Program Manager are expected to report to work during limited operations.
Limited Operations. FIHL acknowledges, (i) Re-Track has been recently organized, (ii) Re-Track has a limited operating history, (iii) all documents and books pertaining to Re-Tracks business has been provide to FIHL, and or an FIHL accountant/representative, (iv) FIHL has had an opportunity to ask questions and receive answers from Re-Track concerning the business and assets of Re-Track and all such other questions have been answered to the full satisfaction of FIHL and (v) FIHL is an accredited investor, as that term is defined in Regulation D under the Securities Act.
Limited Operations. Prior to August 7, 2014, the Company conducted no business and had no operations. On August 7, 2014, the Company completed the acquisition by merger of Idea Sphere, Inc., as a result of which the Company acquired Idea Sphere Inc. and its subsidiaries, including its two active subsidiaries Twinlab Corporation and ISI Brands Inc. The Company is not aware that any of the representations and warranties made by Idea Sphere Inc. in the Idea Sphere Merger Agreement were incorrect in any material respect as of the date of the closing of the transactions contemplated by the Idea Sphere Merger Agreement, or that any of such representations and warranties is incorrect in any material respect as of the date hereof. As of the date hereof, the Company’s business, assets and liabilities consist of cash on hand and the former businesses, assets and liabilities of Idea Sphere Inc. and it subsidiaries, Twinlab Corporation and ISI Brands Inc. acquired by the Company in the Idea Sphere Merger Agreement.