Ongoing Conditions Sample Clauses

The Ongoing Conditions clause sets out specific requirements or obligations that must be continuously met by one or both parties throughout the duration of an agreement. These conditions might include maintaining certain licenses, adhering to regulatory standards, or fulfilling reporting obligations on a regular basis. By establishing these ongoing requirements, the clause ensures that the parties remain compliant and that the agreement remains valid, thereby reducing the risk of breaches or disruptions during the contract term.
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Ongoing Conditions. The conditions set forth in Section 2.2 shall have been satisfied or waived.
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Ongoing Conditions. U.S. Bank’s commitment to extend credit to SI pursuant to the Revolving Credit Facility is subject to the conditions that SI’s representations and warranties under Article VIII of this Agreement continue to be accurate and that no Event of Default exists under this Agreement (and that no event has occurred that with the giving of notice, or the passage of time, or both, would constitute an Event of Default).
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Ongoing Conditions. The parenthetical clause at the end of Section 3.02(a)(i) is amended in its entirety to read as follows: (provided that the representations and warranties contained in Section 4.06(i) and Section 4.07 shall be excluded from this clause (i))
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Ongoing Conditions. Following the Closing Date, the obligations of the Lenders and the Issuing Bank to make Loans and to issue Letters of Credit are subject to the following conditions: (a) in the case of a Loan, timely receipt by the Administrative Agent of a Notice of Borrowing or Conversion; (b) in the case of a Letter of Credit, (i) delivery by Tripwire to the Issuing Bank of the executed Letter of Credit Reimbursement Agreement, and (ii) timely receipt by the Issuing Bank of the written request described in Section 4.3 of this Agreement; (c) the Total Outstandings do not (and, after giving effect to any requested Loan or Letter of Credit, will not) exceed the limitations set forth in this Agreement; (d) the representations and warranties contained in Article VIII of this Agreement shall be true and accurate in all material respects on and as of the date of such Notice of Borrowing or Conversion, and on the effective date of the making of each Loan or issuance of each Letter of Credit as though made at and as of each such date (except to the extent that such representations and warranties expressly relate to an earlier date); and (e) no Default or Event of Default shall have occurred and be continuing at the time of, and immediately after, the making of such requested Loan. The making of each Loan (or issuance of each Letter of Credit) shall be deemed to be a representation and warranty by Tripwire on the date of the making, continuation, or conversion of such Loan (or issuance of such Letter of Credit) as to the accuracy of the facts referred to in subsection (d) of this Section 2.2 of this Agreement and of the satisfaction of all of the conditions set forth in this Section 2.2 of this Agreement.
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Ongoing Conditions. The parties to this Amendment agree that (such agreement, the “Ongoing Conditions”): (a) If, at any time, (x) Revolving Loans are outstanding and (y) the aggregate amount of Cash and Cash Equivalents (in each case, net of written but uncashed checks) held by the Loan Parties is in excess of $50,000,000 (such excess amount, the “Excess Cash”) for more than five consecutive Business Days, then the U.S. Borrower shall repay (or shall cause to be repaid) the outstanding Revolving Loans in an amount equal to the lesser of (i) such Excess Cash on the Business Day immediately following such fifth Business Day (regardless of whether the Excess Cash amount has varied over the immediately preceding five Business Days) and (ii) the then aggregate outstanding Revolving Loans (without any corresponding reduction in the Revolving Commitments).
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Ongoing Conditions. After the Closing Date, the making of each Revolving Loan and the issuance of each Letter of Credit shall be conditioned upon (a) the accuracy in all material respects (and in all respects if qualified by materiality) of all representations and warranties in the Revolving Facility Documents and (b) there being no default or event of default in existence at the time of, or after giving effect to, such extension of credit.
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Related to Ongoing Conditions

  • WORKING CONDITIONS In order to effectively resolve workload issues, please provide details about the working conditions at the time of occurrence by providing the following information: Regular Staffing #: RN RPN PSW Clerks & Other Actual Staffing #: RN RPN PSW Clerks & Other Agency/Registry RN: Yes No And how many? Junior Staff*: Yes No And how many? RN RPN PSW Temp RNs RN Staff Overtime: Yes No If yes, how many staff? Total Hours: If there was a shortage of staff at the time of the occurrence, (including support staff) please check one or all of the following that apply: Absence/Emergency Leave Sick Call(s) Vacancies Management Support available on site? Yes No On Standby? Yes No On Call? Yes No Did they respond? Yes No Did they resolve the issue? Yes No Charge nurses (CN) are not held accountable for the actions of others, they are accountable for their actions in relation to others (“Nurse in Charge”, CNO Communique, Sept. 2002). Were you working in a Charge Nurse Leadership Role? Yes No i) Assigning: Could you assign staff according to their abilities? Yes No Did you have time to determine what staff was most likely to need your help? Yes No Did you have time to provide necessary support and supervision? Yes No

  • Existing Conditions Tenant accepts the Property in its condition as of the execution of the Lease, subject to all recorded matters, laws, ordinances, and governmental regulations and orders. Except as provided herein, Tenant acknowledges that neither Landlord nor any agent of Landlord has made any representation as to the condition of the Property or the suitability of the Property for Tenant's intended use. Tenant represents and warrants that Tenant has made its own inspection of and inquiry regarding the condition of the Property and is not relying on any representations of Landlord or any Broker with respect thereto. If Landlord or Landlord's Broker has provided a Property Information Sheet or other Disclosure Statement regarding the Property, a copy is attached as an exhibit to the Lease.

  • Existing Condition Since the Balance Sheet Date, the Sellers have operated or caused to be operated their respective Hotels only in the Ordinary Course, and no Seller has: (1) suffered any material adverse change in its working capital, financial condition, results of operation, assets, liabilities (absolute, accrued, contingent or otherwise), reserves, business, operations or prospects; (2) incurred any liability or obligation (absolute, accrued, contingent or otherwise) except non-material items incurred in the Ordinary Course, or increased, or experienced any change in any assumptions underlying or methods of calculating, any bad debt, contingency or other reserves; (3) paid, discharged or satisfied any claim, liability or obligation (whether absolute, accrued, contingent or otherwise) other than the payment, discharge or satisfaction in the Ordinary Course of liabilities and obligations reflected or reserved against in the Balance Sheet or incurred in the Ordinary Course and consistent with past practice since the Balance Sheet Date; (4) permitted or allowed any of the Hotels to be subjected to any Lien, except for Liens for current Taxes not yet due; (5) written down the value of any Inventory (including write-downs by reason of shrinkage or ▇▇▇▇-down) or written off as uncollectible any notes or Accounts, except for immaterial write-downs and write-offs in the Ordinary Course; (6) cancelled any debts or waived any claims or rights of substantial value; (7) sold, transferred or otherwise disposed of any Hotel properties or assets (real, personal or mixed, tangible or intangible), except in the Ordinary Course; (8) disposed of or permitted to lapse any rights to the use of any Marks, or disposed of or disclosed to any person other than representatives of Buyer any trade secret, formula, process, know-how or other intellectual property not theretofore a matter of public knowledge; (9) other than in the Ordinary Course, granted any general increase in the compensation of officers or employees of any Hotels (including any such increase pursuant to any bonus, pension, profitsharing or other plan or commitment) or any other increase in the compensation payable or to become payable to any officer or employee of any Hotel, and no such increase is customary on a periodic basis or required by agreement or understanding; (10) made any material capital expenditure except in the Ordinary Course; (11) made any change in any method of accounting or accounting practice; or (12) agreed, whether in writing or otherwise, to take any action described in this Section.

  • TEACHING CONDITIONS The parties recognize that optimum school facilities for both student and teacher are desirable to insure the high quality of education that is the goal of both the Association and the Board. It is also acknowledged that the primary duty and responsibility of the teacher is to teach and that the organization of the school and school day should be directed toward ensuring that the energy of the teacher is primarily utilized to this end.

  • Qualifying Conditions In addition to any other compensation earned, any employee who is on the payroll of the Company on any of the foregoing recognized statutory holidays will be granted eight (8) hours' pay at the straight time rate of the employee's regular job, subject to compliance with all of the conditions (a) to (f) set forth below: (a) The employee must have been on the payroll for not less than the sixty (60) days just preceding the holiday and must have previously qualified for a statutory holiday as provided in (d) below, and (b) The employee must have worked at least one (1) day during the sixty (60)- day qualifying period just preceding the holiday, and (c) The employee must have worked their scheduled work day before, and their scheduled work day after, such holiday, unless failure to work their scheduled work day before or after the holiday was due to any of the following events: (i) When the employee is on their regular authorized paid vacation; (ii) When the employee is unable to work by reason of an industrial accident as recognized by the Workers' Compensation Board or non-occupational sickness or injury; (iii) When the operation in which the employee is engaged is curtailed or discontinued by the decision of the Company and which curtailment or discontinuance changes or eliminates the employee's scheduled work day before, or their scheduled work day after, such holiday; (iv) When a trade in shifts agreed upon between employees and approved in advance by the company results in a temporary change of the scheduled work day before, or the scheduled work day after, the holiday, provided the employee works the shift agreed upon; (v) When the employee is on a leave of absence authorized by the Company. (d) The employee who has been on the payroll for at least sixty (60) days but who has not previously qualified for a statutory holiday will qualify for the holiday if he has worked a minimum of one hundred eighty (180) hours during the sixty (60)- day qualifying period just preceding the holiday and meets the requirements of (b) and (c) above. (e) Time lost as the result of an accident as recognized by the Workers' Compensation Board, suffered during the course of employment, or time lost as a result of non-occupational sickness or injury shall be considered as time worked for the purpose of qualifying for a recognized paid holiday, it being understood that the employee will only be entitled to this credit for time while on Workers' Compensation or non-occupational sickness or injury for a period of up to but not exceeding one (1) year from the date of their sickness or injury. (f) It is understood and agreed, however, that an employee shall not receive the above provided holiday pay if they have agreed to work on such holiday and fails or refuses to work, except in the case where bona fide sickness, or other bona fide reason approved by the Company, prevents them working on such holiday.