Reserve Service Clause Samples

The Reserve Service clause defines the terms under which a party agrees to set aside or allocate specific resources, capacity, or services for the benefit of another party. Typically, this clause outlines the scope of the reserved service, the duration of the reservation, and any associated fees or conditions, such as minimum usage requirements or penalties for cancellation. Its core practical function is to guarantee availability and priority access to certain services, thereby providing assurance to the receiving party and helping both sides plan their operations more effectively.
Reserve Service. During the Employment Period, BioLine shall pay the full salary of the Employee during the period of the Employee’s military reserve service. National Insurance Institute transfers in connection with such military reserved duty shall be retained by BioLine.
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Reserve Service. A full-time or part-time employee who is a member of a state or federal military reserve unit shall be entitled to leave of absence from a permanent position for compulsory military service under orders for a period not to exceed seventeen (17) days per calendar year; such leave to be with full regular straight-time pay for normally scheduled working hours.
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Reserve Service. Any teacher who is a member of a reserve component of the armed forces who is required to perform active, full-time duty shall be granted leave from the teacher's teaching duties for such purpose.
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Reserve Service. Any teacher who is a member of a reserve component of the armed forces who is required to perform active, full-time duty shall be granted leave from the teacher's teaching duties for such purpose. 10-1 2 Part-time Teaching Provision (With 20 or More Years of Allowable Minnesota TRA Service)
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Reserve Service. Any REA members who is a member of a reserve component of the armed forces who is required to perform active, full-time duty shall be granted leave from the REA members' duties for such purpose.
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Reserve Service. District apparatus may be used by the RFA in its reserve fleet after the front-line service period of the subject apparatus is complete, in accordance with the aforementioned replacement schedule. The District will retain ownership of its front line apparatus when transferred to reserve status.
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Reserve Service. Any principal who is a member of a reserve component of the armed forces who is required to perform active, full-time duty shall be granted leave from the principal's duties for such purpose.
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Related to Reserve Service

  • Federal Reserve Regulations No part of the proceeds of the Loan will be used for the purpose of purchasing or acquiring any “margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System or for any other purpose which would be inconsistent with such Regulation U or any other Regulations of such Board of Governors, or for any purposes prohibited by Legal Requirements or by the terms and conditions of this Agreement or the other Loan Documents.

  • Federal Reserve Board Regulations None of the Loan Parties is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purposes of “purchasing” or “carrying” any “Margin Stock” within the respective meanings of such terms under Regulations U, T and X of the Board. No part of the proceeds of the Loans will be used for “purchasing” or “carrying” “Margin Stock” as so defined for any purpose which violates, or which would be inconsistent with, the provisions of, any applicable laws or regulations of any Governmental Authority (including, without limitation, the Regulations of the Board).

  • Federal Reserve Notwithstanding any other provision of this Agreement to the contrary, any Financial Institution may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, its portion of the Asset Portfolio and any rights to payment of Capital and Financial Institution Yield) under this Agreement to secure obligations of such Financial Institution to a Federal Reserve Bank, without notice to or consent of Seller or Agent; provided that no such pledge or grant of a security interest shall release a Financial Institution from any of its obligations hereunder, or substitute any such pledgee or grantee for such Financial Institution as a party hereto.