OPENING AND CLOSING OF CENTERS OR HUBS Sample Clauses

The 'Opening and Closing of Centers or Hubs' clause defines the rules and procedures governing when and how a company may open new operational locations or shut down existing ones. Typically, this clause outlines the notice requirements, decision-making authority, and any obligations to employees or stakeholders affected by such changes. For example, it may specify that a certain period of advance notice must be given to staff before a hub is closed, or that regulatory approvals are needed before opening a new center. The core function of this clause is to provide a clear framework for managing significant changes in the company's operational footprint, thereby reducing uncertainty and ensuring compliance with contractual and legal obligations.
OPENING AND CLOSING OF CENTERS OR HUBS. (A) The Employer agrees that prior to any change in its operation that will result in a change of domicile and/or possible layoff of se- niority employee, the Employer shall inform the Local Union and the chairpersons of the Southern Region Negotiating Committee in writing, forty-five (45) days prior to the proposed change and shall meet jointly with the affected Local Union(s) to inform them of the proposed changes and to resolve questions raised in connection with that proposed change. Failure by the Employer to give such notice to the affected Local Union(s) will delay the planned change until such notice has been given. During this joint meeting the Employer and the Union shall reduce to writing all agreed upon issues and both parties shall sign the written document in acknowledgement of such agreement. The parties shall also reduce to writing all unre- solved issues, if any, and they shall be referred directly to the appro- priate Regional Change of Operations Committee. The change may not be implemented until the forty-five (45) days notice is provided and the meeting is completed unless the operational change is dictat- ed by emergency conditions. The Union shall not unreasonably ▇▇- ▇▇▇ the scheduling or completion of the requested meeting. Any un- resolved issues reflected in Section (C) below, which has been reduced to writing, will be resolved pursuant to that Section. (B) Should a dispute arise by one (1) or more of the affected Local Union(s), the dispute will be heard by the appropriate Regional Change of Operations Committee for the possible resolution before the end of the forty-five (45) day notification period when possible. Neither party will unreasonably delay such Regional Change of Operations Committee meeting but regardless, the Company’s change will take effect as scheduled. (C) Any agreed to change of operations reached by the Local Union(s) and the Employer shall be reduced to writing and filed with the Joint National Change of Operations Committee. (D) A Joint Change of Operations Committee will be established and will resolve issues arising out of the proposed change of oper- ations. The Committee will resolve issues involving seniority ap- plication, health and welfare, pension coverage and layoff ques- tions for employees who are involved in the change. All affected parties will convene and attend the Regional Joint Change of Oper- ations Committee meeting prior to the scheduled implementation date to resolve these issues. If ...
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OPENING AND CLOSING OF CENTERS OR HUBS. (A) (No change) (B) (No change) (C) (No change) (D) (No change) 1. (No change)
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Related to OPENING AND CLOSING OF CENTERS OR HUBS

  • CONDITIONS TO CLOSING OF COMPANY The Company's obligation to sell and issue the Shares at the Closing is, at the option of the Company, subject to the fulfillment or waiver of the following conditions:

  • Conditions to the Closing Date The obligation of each Lender to make its initial Loans hereunder is subject to satisfaction of the following conditions precedent to the Administrative Agent satisfaction: (a) The Administrative Agent receipt of the following, each of which shall be originals or facsimile or other electronic image transmission (e.g., “PDF” or “TIF” via electronic mail) (followed promptly by originals) unless otherwise specified, each properly executed by a member of the Senior Management of the signing Credit Party, each dated the Closing Date (or, in the case of certificates of governmental officials, a recent date before the Closing Date) and each in form and substance reasonably satisfactory to the Administrative Agent: (i) (A) executed counterparts of this Agreement, sufficient in number for distribution to the Administrative Agent, each Lender and the Credit Parties, and (B) executed counterparts of each Security Document sufficient in number for distribution to the Administrative Agent and the Credit Parties, and an executed Note for each Lender who requests a Note; (ii) an officer’s certificate of each Credit Party executing a Loan Document, (A) certifying and attaching true, correct and complete copies of: (1) the certificate of formation, certificate of incorporation, articles of incorporation (or such equivalent thereof) of such Credit Party, and, where applicable, certified as of a recent date from the Secretary of State (or applicable Governmental Authority) of the jurisdiction in which such Credit Party is incorporated or formed, (2) the by-laws, limited liability company agreement, articles of association, partnership agreement or other applicable Governing Document of such Credit Party, and (3) the resolutions or votes of the board of directors or board of managers or partners (or equivalent thereof) of such Credit Party, authorizing such Credit Party’s entry into the Loan Documents to which it is a party; and (B) certifying the incumbency of members of the Senior Management of such Credit Party authorized to act in connection with this Agreement and the other Loan Documents to which such Credit Party is a party and providing a specimen signature of such members of the Senior Management of such Credit Party who will be signing Loan Documents on the Closing Date and thereafter; (iii) such documents and certifications as the Administrative Agent may require to evidence that each Credit Party executing a Loan Document is validly existing and in good standing (where applicable) in its jurisdiction of incorporation or formation, as applicable; (iv) a favorable legal opinion of ▇▇▇▇▇▇▇ ▇▇▇▇ & ▇▇▇▇▇▇▇▇▇ LLP, special New York counsel to the Credit Parties, addressed to the Administrative Agent and each Lender, as to matters concerning the Credit Parties and the Loan Documents as the Administrative Agent may reasonably request; and (v) a certificate of a member of the Senior Management of the Borrower certifying that (1) the condition specified in Sections 4.02(b) has been satisfied, (2) there has been no event or circumstance since December 31, 2023 that has had or could be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect, and (3) all consents, licenses, and approvals required in connection with the execution, delivery and performance by each Credit Party and the validity against each Credit Party of the Loan Documents to which such Credit Party is a party have been obtained. (b) The Administrative Agent shall have received duly executed Agency Account Agreements, signed by each of the applicable parties thereto, for each deposit account or securities account required to be subject to an Agency Account Agreement pursuant to the terms of Section 6.16 hereof.

  • Other Closing Deliveries The Borrower shall have delivered the other closing deliverables set forth in Section 3.2.

  • Seller’s Closing Conditions The obligation of Seller to proceed with the Closing contemplated hereby is subject, at the option of Seller, to the satisfaction on or prior to the Closing Date of all of the following conditions:

  • Closing of Company Transfer Books At the Effective Time, the stock transfer books of Company shall be closed, and no transfer of Shares shall thereafter be made. If, after the Effective Time, certificates representing Shares are presented to the Surviving Corporation, they shall be canceled and exchanged for Merger Consideration applicable to such Shares.