Separation Requirements Sample Clauses

The Separation Requirements clause defines the standards and procedures that must be followed when separating or segregating certain assets, operations, or information. Typically, this clause outlines how parties must keep specific resources, such as confidential data or business functions, distinct from others to prevent commingling or unauthorized access. For example, it may require a service provider to maintain client data in separate databases or ensure that employees working on competing projects do not share information. The core function of this clause is to mitigate risks related to conflicts of interest, data breaches, or regulatory non-compliance by ensuring clear boundaries are maintained between designated entities or activities.
Separation Requirements. The Seller shall ensure that the Seller and the Project Owner will be treated for all purposes as a separate Person in its dealings from all other Persons (including Vale), including by ensuring that the Seller and the Project Owner will, (i) maintain books and records separate from any other Person; (ii) maintain its accounts separate from those of any other Person; (iii) conduct its own business in its own name; (iv) maintain separate financial statements or records; (v) pay any liabilities out of its own funds; (vi) use separate invoices and cheques; (vii) hold itself out as a separate Person; (viii) correct any known misunderstanding regarding its separate identity; and (ix) engage in dealings with its Affiliates in a manner that respects its separate corporate identity.
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Separation Requirements. The Seller PSA Entities shall ensure that the Project Owner and each other Seller PSA Entity will be treated for all purposes as a separate Person in its dealings from all other Persons (including other Seller PSA Entities), including by ensuring that each of the Project Owner and the other Seller PSA Entities will (i) maintain books and records separate from any other Person; (ii) maintain its accounts separate from those of any other Person; (iii) conduct its own business in its own name; (iv) maintain separate financial statements or records (noting that this does not limit or prohibit the Seller Group Entities or the Seller PSA Entities preparing consolidated financial statements); (v) pay any liabilities out of its own funds; (vi) use separate invoices and cheques; (vii) hold itself out as a separate Person; (viii) correct any known misunderstanding regarding its separate identity; and (ix) engage in dealings with its Affiliates in a manner that respects its separate corporate identity.
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Separation Requirements. The Seller shall ensure that it is treated for all purposes as a separate Person in its dealings from all other Persons (including other PSA Entities), including by ensuring that it will: (a) maintain books and records separate from any other Person; (b) maintain its accounts separate from those of any other Person; (c) conduct its own business in its own name; (d) maintain separate financial statements or records; (e) pay any liabilities out of its own funds; (f) use separate invoices and cheques; (g) hold itself out as a separate Person; (h) correct any known misunderstanding regarding its separate identity; and (i) engage in dealings with its Affiliates in a manner that respects its separate corporate identity.
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Separation Requirements. The payments and benefits set forth in Section 3 are subject to and conditioned upon (i) your execution of the release of claims set forth in Annex B within the 21 day period following your Retirement Date and your non-revocation of such release during the seven day period following your execution of such release and (ii) your execution of, and continued compliance with, the Form of Non-Competition, Non-Solicitation and Non-Hire Agreement (the “Non-Competition Agreement”) substantially in the form set forth in Exhibit B to the Securityholders Agreement (as defined below) (the “Separation Requirements”).
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Separation Requirements. Seller shall ensure that it will be treated for all purposes as a separate Person in its dealings from all other Persons (including each Seller Group Member), including by ensuring that it will: (a) maintain books and records separate from any other Person; (b) conduct its own business in its own name; (c) maintain separate financial statements or records; (d) hold itself out as a separate Person; and (e) not engage in any transactions or other dealings with other Seller Group Members at prices and on terms and conditions which are less favourable to Seller than could be obtained on an arm’s length basis from unrelated third parties.
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Related to Separation Requirements

  • GRADUATION REQUIREMENTS I understand that in order to graduate from the program and to receive a certificate of completion, diploma or degree I must successfully complete the required number of scheduled clock hours as specified in the catalog and on the Enrollment Agreement, pass all written and practical examinations with a minimum score of 80%, and complete all required clinical hours and satisfy all financial obligations to the College.

  • Notification Requirements 1. If the Family Leave is foreseeable, the employee must provide the agency/department with thirty (30) calendar days notice of his or her intent to take Family Leave. 2. If the event necessitating the Family Leave becomes known to the employee less than thirty (30) calendar days prior to the employee's need for Family Leave, the employee must provide as much notice as possible. In no case shall the employee provide notice later than five (5) calendar days after he or she learns of the need for Family Leave. 3. For foreseeable leave due to a qualifying exigency, an employee must provide notice of the need for leave as soon as practicable, regardless of how far in advance such leave is foreseeable. 4. When the Family Leave is for the purpose of the scheduled medical treatment or planned medical care of a child, parent, spouse or registered domestic partner, the employee shall, to the extent practicable, schedule treatment and/or care in a way that minimizes disruption to agency/department operations.

  • Information Requirements The Company covenants that, if at any time before the end of the Effectiveness Period the Company is not subject to the reporting requirements of the Exchange Act, it will cooperate with any Holder and take such further reasonable action as any Holder may reasonably request in writing (including, without limitation, making such reasonable representations as any such Holder may reasonably request), all to the extent required from time to time to enable such Holder to sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by Rule 144 and Rule 144A under the Securities Act and customarily taken in connection with sales pursuant to such exemptions. Upon the written request of any Holder, the Company shall deliver to such Holder a written statement as to whether it has complied with such filing requirements, unless such a statement has been included in the Company’s most recent report filed pursuant to Section 13 or Section 15(d) of Exchange Act. Notwithstanding the foregoing, nothing in this Section 7 shall be deemed to require the Company to register any of its securities (other than the Common Stock) under any section of the Exchange Act.

  • Distribution Requirements Arts 3 A course in history, philosophy, theory, or practice of the creative and interpretive arts.

  • Publication Requirements Each Document shall be kept up to date and published by the Transporters on the Joint Office of Gas Transporters website.