Reduction Notice Sample Clauses
A Reduction Notice clause sets out the process by which one party formally notifies the other of a reduction in the scope, quantity, or value of goods or services to be provided under a contract. Typically, this clause specifies the required form and timing of the notice, and may outline any obligations or consequences that follow, such as adjustments to pricing or delivery schedules. Its core function is to ensure both parties are clearly informed of changes, minimizing disputes and allowing for orderly contract management when reductions are necessary.
Reduction Notice. If the Board is contemplating the layoff of any employees, it will so notify the Association as soon as the need for such a reduction is evident to the District. Such notice will be in writing and will include the proposed time schedule.
Reduction Notice. If the District is contemplating a layoff of any members of the bargaining unit, it will notify the Council as soon as the need for such a reduction is determined by Board resolution. Such notice will be in writing and will include the specific positions to be affected, the proposed time schedule and the reasons for the proposed action. Such reasons within the law shall not be grievable. Upon request, and prior to the layoff, the District will discuss with and receive input regarding the layoff from the Council. Reduction in force shall be accomplished under the procedures and standards of ORS 342.934, as in force at the time of the need for reduction in force of employees in the bargaining unit.
Reduction Notice. If the District is contemplating a layoff of any teachers, it will notify the Council as soon as the need for such a reduction is determined by Board Resolution. Such notice will be in writing and will include the specific positions to be affected, the proposed time schedule, and the reasons for the proposed action. Such reasons within the law shall not be grievable. Upon request, and prior to the layoff, the District will discuss with and receive input regarding the layoff from the Council. The Union will wait until the District has notified employees to contact them and grievance timelines shall not start until the employee has been notified.
Reduction Notice. The Shareholders’ Agent may object in a written notice signed by the Shareholders’ Agent (a “Disagreement Notice”) to all or a portion of such reduction, provided that such written Disagreement Notice shall have been delivered to Purchaser prior to the expiration of ten (10) Business Days following the delivery of the Reduction Notice (the "Disagreement Period"). Failure of the Shareholders’ Agent to deliver such Disagreement Notice within such Disagreement Period shall be deemed a consent of the Shareholders' Agent to Purchaser's reduction of the amount of the Special Cash Dividend. The Shareholders' Agent may not deliver a Disagreement Notice after the Disagreement Period. Any reductions specified in the Reduction Notice to which there is no Disagreement Notice delivered by the Shareholders' Agent by the expiration of the Disagreement Period, shall be deemed final and binding.
Reduction Notice. The termination date of the Lease with respect to any Reduction Space shall be the date specified in the Reduction Notice (the “Reduction Effective Date”). If Lessee exercises its Reduction Option, HomeStreet Bank / USLLC Twenty-First Amendment to Lease Lessee shall remain liable for all Rent and other sums due under the Lease with respect to the Reduction Space up to and including the Reduction Effective Date even though ▇▇▇▇▇▇▇▇ for such may occur subsequent to the Reduction Effective Date. The Reduction Notice shall also identify the Reduction Space. The Leased Premises less the Reduction Space is referred to herein as the “Remaining Portion of the Leased Premises”.
Reduction Notice. 3 Register ......................................................................................................................................... 46
Reduction Notice. If Tenant shall not timely give the Reduction Notice, then this Lease and Tenant's obligations hereunder shall remain unmodified and in full force and effect.
Reduction Notice. Ladies and Gentlemen: Reference is hereby made to the Receivables Purchase Agreement dated as of October 3, 2016., by and among Sensient Receivables LLC, a Delaware limited liability company (“Seller”), Sensient Technologies Corporation, a Wisconsin corporation (“STC”), as initial Servicer (the “Servicer”), and (c).▇▇▇▇▇ Fargo Bank, National Association, a national banking association (together with its successors and assigns, the “Purchaser”), as amended, restated and/or otherwise modified from time to time (the “Purchase Agreement”). Capitalized terms used and not otherwise defined herein are used with the meanings attributed thereto in the Purchase Agreement: Seller hereby requests the following Capital Reduction:¶ Proposed Reduction Date: ___________, 20__ Capital Reduction: $_________________* Very truly yours, [SENSIENT TECHNOLOGIES CORP., as Servicer on behalf of] SENSIENT RECEIVABLES LLC, as Seller By: Name: Title: EXHIBIT III SELLER’S CHIEF EXECUTIVE OFFICE, FEDERAL TAXPAYER ID NUMBER AND ORGANIZATIONAL ID NUMBER ▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: ▇▇▇ ▇▇▇▇▇ Phone: ▇▇▇-▇▇▇-▇▇▇▇ Fax: ▇▇▇-▇▇▇-▇▇▇▇ Email: ▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇ no separate FEIN (Sensient Technologies Corporation’s FEIN is 39‑0561070) 6136419 COLLECTION ACCOUNTS, LOCK-BOXES AND LOCK-BOX ACCOUNTS¶ ▇▇▇▇▇ Fargo Bank ▇.▇. ▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ Sensient Receivables LLC Bank of America ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Sensient Receivables LLC ▇▇▇▇▇ Fargo Bank ▇.▇. ▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ Sensient Receivables LLC Receivable Purchase Agreement -66- EXHIBIT V CREDIT AND COLLECTION POLICY SENSIENT COLORS LLC - ST. LOUIS Establish policy and guidelines for extending credit to customers. Sales to new customers will normally be on credit card prepayment, CIA or Letter of Credit only basis until it is established they are credit worthy. The following may be considered as normally qualifying a customer as credit worthy: - unit of a large, established company (e.g. S&P 1000) - an existing, satisfactory credit history with another unit of STC or partnered supplier. - satisfactory credit check and evidence of financial liquidity (e.g. paying CIA or Letter of Credit on initial orders); duration of CIA or prepayment terms to be determined based on results of credit check. A credit application is obtained for all...
Reduction Notice. If the District is contemplating a layoff of any members of the bargaining unit, it will notify the Association as soon as the need for such a reduction is determined by Board resolution. Such notice will be in writing and will include the specific positions to be affected, the proposed time schedule, and the reasons for the proposed action. Such reasons within the law shall not be grievable. Upon request, and prior to the layoff, the District will discuss with and receive input regarding the layoff from the Association.
Reduction Notice. A notice delivered by Subscriber to Grid Assurance stating that Subscriber desires to reduce the Nominated Quantity in any Equipment Class in which any of its Designated Transmission Owners is then participating, which notice shall specifically identify any such reduced Nominated Quantity(ies).