Status Quo Ante Clause Samples

Status Quo Ante. The parties hereto agree that the intent and purpose of this Agreement and the Termination and Separation Events is to return each of the parties, to the extent commercially practicable and possible, to its status quo ante as of immediately prior to the Interim Closing Date. Further, the parties hereto hereby agree to use their reasonable best efforts to implement and effectuate the Termination and Separation Events in a manner that would not result in the recognition by, and/or allocation to, either party of any (or as little as possible) taxable income or gain for United States federal, state, local and foreign tax purposes (and shall cause IFMI and each PrinceRidge Entity to) report the Termination and Separation Events consistently with this treatment for all Tax and Tax Return purposes.

Status Quo Ante. In the event of a formal dispute being declared over a proposed change to terms and conditions of employment, no change shall be made to the relevant terms and conditions of employment, and no detrimental actions will be taken by either party, until the procedure set out in ‘Appendix B – Avoidance of Dispute Procedure’ is exhausted.

Status Quo Ante. In the event of a formal grievance being lodged in response to a proposed change to terms and condition of employment and where practicable, where a grievance has been lodged in response to changes to working practices or organisational structures, no change shall be made to the relevant terms and conditions of employment until the agreed grievance procedures have been exhausted.

Status Quo Ante. The state of affairs as it was before. To maintain the status quo ante is to revert to the way things were prior to any change in a term or condition of employment until the matter is resolved.

Status Quo Ante. Any default by Lessee shall not prejudice the Department if the Department chooses to cure such default within the applicable grace period, and Landlord acknowledges and agrees that upon the Department’s cure of any such default, the Lease shall be restored status quo ante.

Status Quo Ante. Any default by Lessee shall not prejudice CTCAC if CTCAC chooses to cure such default within the applicable grace period specified by this Lease Rider Agreement or the Lease, and Lessor acknowledges and agrees that upon CTCAC’s cure of any such default, the Lease shall be restored status quo ante.