Loss of Control Clause Samples

Loss of Control. 1. Tree work is a controlled task. At no time should work be performed so as to result in a loss of control incident (e.g. free-falling large limbs or trunk sections, hinge cutting, lack of safety apparatus/equipment guards, improper use/loading of equipment). 2. Contractor shall be responsible to meet equipment inventory requirements sufficient to perform all work described herein. 3. Failure to maintain control at all times will be penalized. See Attachment B, Compensation & Payment. 4. In addition to penalties and/or the withholding of Contract payments, the Contractor shall be responsible for the mitigation of any damage related to a loss of control incident.

Loss of Control. (i) If KNOC ceases at any time to have Control of the Borrower; or (ii) If the Republic of Korea ceases to directly or indirectly own at least 51% of the shares in KNOC.

Loss of Control. For software-as-a-service (SaaS) and some platform-as-a-service (PaaS) and infrastructure-as-a-service (IaaS) solutions, the total control of hardware, software, security policies, etc., is placed in the hands of the external Cloud provider.  Integration. Sometimes Public Authorities will need to integrate their internal systems with the external Cloud systems. This integration can be challenging.  Availability and reliability of cloud applications. The combination of server performance, configuration errors, network design, and application architecture, may cause performance issues that are difficult to resolve.  Cloud service provider lock-in. The concern is that the adoption of a Cloud Solution from a provider might make difficult the switching to a different provider. Governments around the world have started to elaborate strategies in order to harness the benefits of cloud computing. In 2011, ▇▇▇▇▇ ▇▇▇▇▇▇ the U.S. Chief Information Officer, presented the Cloud First policy for Federal’s Government bodies [10]. This policy is intended to accelerate the pace at which the government will realize the value of cloud computing by requiring agencies to evaluate safe, secure cloud computing options before making any new investments. In a similar way, Canada and UK Governments have adopted a Cloud First approach to public services provisioning [12,13]. In September 2012, the European Commission adopted a strategy for “Unleashing the Potential of Cloud Computing in Europe”. The strategy is designed to speed up and increase the use of cloud computing across all economic sectors [14]. Despite the existence of the “Cloud First” policies, which mandates Government Agencies to take full advantage of cloud computing benefits to maximize capacity utilization, improve IT flexibility and responsiveness, and minimize cost, Public Authorities worldwide are not yet comfortable using Cloud Solutions. The STORM CLOUDS solutions aim to contribute, both methodologically and technically, to this problem.

Loss of Control of the vehicle;

Loss of Control. (a) NEG shall fail to (i) directly or indirectly own more than 50% of the equity interests in Borrower and (ii) control the fundamental management decisions of Borrower (whether through direct or indirect control of the governing body of Borrower, through a management services agreement with Borrower or otherwise), provided that the possession by a Person other than NEG of a veto power over material events with respect to Borrower (e.g., dissolution of Borrower, merger or consolidation of Borrower, sale of all or substantially all assets of Borrower, material amendments to Borrower's organizational documents) shall not in and of itself constitute a failure by NEG to control the fundamental management decisions of Borrower, or (b) except as provided in Section 6.4, Borrower shall fail to directly or indirectly own, through the applicable Approved Intermediate Holding Companies, 100% of the equity and voting interests in the Approved Project Companies.

Loss of Control. Running a bar requires making a significant investment in liquid assets, liquid that can disappear at an alarming rate without a corresponding sale. Failing to implement an effective inventory control system places the capital you’ve invested at risk. To be profitable, you should have the capability of knowing exactly what inventory you have, what you paid for it, what rate you use it at, and exactly where it is at any point in time. Tracking inventory throughout your operation doesn’t require software. Rather, it’s a matter of simple bookkeeping.

Loss of Control. The percentage of Framatomes direct interest in the Securities and voting rights comprising the capital stock of the Borrower falls to 66.67% or less.

Loss of Control. When the Group losses control over a subsidiary, it derecognizes the assets and liabilities of the subsidiary, and any related NCI and other components of equity. Any resulting gain or loss is recognized in profit or loss. Any interest retained in the former subsidiary is measured at fair value when control is lost.

Loss of Control. For software-as-a-service (SaaS) and some platform-as-a-service (PaaS) and infrastructure-as-a-service (IaaS) solutions, the total control of hardware, software, security policies, etc., is placed in the hands of the external Cloud provider.  Integration. Sometimes Public Authorities will need to integrate their internal systems with the external Cloud systems. This integration can be challenging.  Availability and reliability of cloud applications. The combination of server performance, configuration errors, network design, and application architecture, may cause performance issues that are difficult to resolve.  Cloud service provider lock-in. The concern is that the adoption of a Cloud Solution (PaaS or IaaS) of one provider may make difficult the switching to an equivalent cloud solution in a different provider. Governments around the world have started to elaborate strategies in order to harness the benefits of cloud computing. In 2011, ▇▇▇▇▇ ▇▇▇▇▇▇ the U.S. Chief Information Officer, presented the Cloud First policy for Federal’s Government bodies [11]. This policy is intended to accelerate the pace at which the government will realize the value of cloud computing by requiring agencies to evaluate safe, secure cloud computing options before making any new investments. In a similar way, Canada and UK Governments have adopted a Cloud First approach to public services provisioning [12,13]. In September 2012, the European Commission adopted a strategy for “Unleashing the Potential of Cloud Computing in Europe”. The strategy is designed to speed up and increase the use of cloud computing across all economic sectors [14]. Despite the existence of the “Cloud First” policies, which mandates Government Agencies to take full advantage of cloud computing benefits to maximize capacity utilization, improve IT flexibility and responsiveness, and minimize cost, Public Authorities worldwide are not yet comfortable using Cloud Solutions. The STORM CLOUDS solutions aim to contribute, both methodologically and technically, to this problem.