Long Term Contracts Sample Clauses
The Long Term Contracts clause defines the terms and conditions governing agreements that extend over an extended period, typically several years. It outlines the duration of the contract, renewal procedures, and any provisions for periodic review or adjustment of terms such as pricing or service levels. This clause ensures both parties understand their ongoing commitments and provides a framework for managing changes or disputes over the contract's lifespan, thereby promoting stability and predictability in long-term business relationships.
POPULAR SAMPLE Copied 17 times
Long Term Contracts. 15.1 The parties agree that there will be no discussions or negotiations with respect to entering into long-term contracts between any personnel covered by this Agreement and the Employer Signatories, unless the value of the Day Rate contract (averaged over an agreed reference period which shall be no longer than 12 months) is no less favourable than the value of the long term contract in terms of equivalent compensation.
15.2 Where the personnel covered by this Agreement and the Employer Signatories enter into a long-term contract greater than 12 months. The allowances within clause 6(b), 6(c) and 6(d) shall not be paid, where the employer pays for those costs during the period of the long-term contract.
Long Term Contracts. No BORROWER shall enter into any management contract, employment contract, consulting contract, non-competition contract, service contract or the like, having a term in excess of thirteen (13) months or requiring the payment of any monies by any of the BORROWERS on a date occurring more than thirteen (13) months after the date of such contract with any AFFILIATE.
Long Term Contracts. Any agreement or understanding which obligates Company or Company's Subsidiaries for a period in excess of one year, which has a value in excess of $50,000, to purchase, sell, or provide services, materials, supplies, merchandise, facilities, or equipment and which is not terminable without penalty on not more than thirty (30) days' notice;
Long Term Contracts. (a) Overview.
(1) In general.
(2) Exceptions to required use of PCM.
(i) Exempt construction contract.
(ii) Qualified ship or residential construc- tion contract.
Long Term Contracts. The entry into any agreements involving a term exceeding 3 years and with a total consideration payable by the Company under the contract of an amount more than $100,000.
Long Term Contracts. Any lease (excluding leases of real property otherwise identified in the O.A.K. Disclosure Statement) or any agreement or understanding which obligates O.A.K. or any of the O.A.K. Subsidiaries for a period in excess of one year, which has a value in excess of $25,000, to purchase, sell, or provide services, materials, supplies, merchandise, facilities, or equipment and which is not terminable without cost or penalty on not more than 60 days' notice.
Long Term Contracts a. TCL will not, without the prior written consent of each Participant, enter into any Long-term Contract with respect to any Participant’s Tankers, or the performance of which requires any Participant’s Tanker. If TCL does so with the consent of the Participants, the Participant that owns the applicable Tanker shall not terminate this Agreement until the Long-term Contract has been fully performed, always subject to Clause 29(b) hereof.
b. If the requirements of any Long-term Contract cannot be met because a Tanker has been withdrawn from the Pool, or has been off-hire as defined in Clause 14 hereof for a period of at least forty (40) consecutive days, then the Participant that committed the Tanker shall provide at its expense a suitable substitute tanker, to be approved by the other Participants, such approval not to be unreasonably withheld, for the remaining period of the Long-term Contract, unless TCL as Commercial Manager is able to substitute that Tanker with any other of the Tankers which TCL as Commercial Manager will use reasonable endeavours to do. If the Participant is not able to provide such a substitute Tanker, the Participant shall be liable to TCL for the costs of chartering in such substitute Tanker (off-set by the earnings of such substitute Tanker) until the requirements of the Long-term Contract are met. TCL shall not require the consent of any Participant to enter into such Long-term Contracts with respect to TCL tankers alone.
Long Term Contracts. (a) In the case of any Transferred Risk E&C Contract that is a Long- Term Contract, the Buyer and Raytheon shall for all federal and state Income Tax purposes (including without limitation the application of the lookback method described in Code Section 460(b)(2)) take into account all amounts paid by the customer and all contract costs incurred attributable thereto on the basis of a constructive completion of such Long-Term Contract by the applicable Selling Group member on the Closing Date.
(b) Raytheon shall be responsible for reporting all taxable income properly accruing under each Transferred Risk E&C Contract that is a Long-Term Contract through the Closing Date and paying all Taxes (including, when due, any lookback interest when payable) payable with respect to that period (taking into account all amounts paid by the customer, all contract costs incurred through the Closing Date and all other amounts required to be included by reason of the constructive termination of such Long-Term Contract on the Closing Date), while the Buyer shall be responsible for reporting all taxable income properly accruing under each Transferred Risk E&C Contract that is a Long-Term Contract after the Closing Date and paying all Taxes (including lookback interest) payable with respect to that period (taking into account all amounts paid by the customer (other than collection of amounts taken into account by the Selling Group), and all contract costs incurred after the Closing Date). Any lookback interest refunds for periods through the Closing Date shall accrue to Raytheon, while any lookback interest refunds for periods after the Closing Date shall accrue to the Buyer.
(c) For purposes of this Article 6:
(i) there shall be treated as amounts paid by the customer to the Selling Group member party thereto prior to the Closing Date and attributable to an Transferred Risk E&C Contract that is a Long-Term Contract (A) all amounts received with respect thereto on or prior to the Closing Date and (B) any then unpaid accounts receivable, unbilled work in progress, claims, disputes and retentions, to the extent (but only to the extent) those items are reflected in the final Cut-Off Date Balance Sheet; and
(ii) there shall be treated as contract costs incurred prior to the Closing Date attributable to an Transferred Risk E&C Contract that is a Long-Term Contract all costs properly accrued as of the Closing Date, determined on a basis consistent with the final Cut-Off Date Balance...
Long Term Contracts. 34 Section 6.13. Changes In Fiscal Year. ..................................34 Section 6.14. Limitation On Issuance Of Equity Interests. ..............34 Section 6.15. Capital Expenditures......................................34
Long Term Contracts. The approval or execution of any contract.