Temporary Limitations Sample Clauses

The Temporary Limitations clause sets out specific restrictions or conditions that apply for a defined, limited period within the duration of an agreement. For example, it may temporarily cap the amount of liability, restrict certain activities, or suspend particular obligations until a triggering event occurs or a set timeframe elapses. This clause is primarily used to address transitional risks or uncertainties, providing parties with flexibility and protection during periods of change or adjustment.
Temporary Limitations. Notwithstanding any other covenant or other provision set forth in this Agreement, the Company will not, and will not permit any of its Subsidiaries, at any time prior to 11:59 p.m. ET on March 29, 2017, to:\ (a) make any payment to any holder of a Debenture prior to March 31, 2017, provided that nothing in this clause (a) shall preclude the Company from paying any amounts due on the maturity of the Debentures in accordance with and subject to the conditions set forth in the Debentures and the Debenture Indenture (in each case as in effect on the date of the First Amendment), including the transfer and deposit by the Company in the Maturity Account (as defined in the Debenture Indenture as in effect on the date of the First Amendment) on or after March 24, 2017 of funds in an amount sufficient to pay the cash amount payable in respect of the Debentures and Debenture Indenture upon maturity (less any tax required by law to be deducted) and, for the purpose of making such payment on maturity, complying with notice or other requirements pursuant to the terms of the Debentures and the Debenture Indenture and the rules of the Toronto Stock Exchange;\ (b) make any Restricted Payment except for any payment or other distribution described in clause (b) of the definition of such term;\ (c) make any payment of principal outstanding under the Notes or any Other NPA Notes, other than:\ \(i) payments of principal outstanding under the Notes and\ \(ii) payments of principal outstanding under any Other NPA Notes, so long as (A) substantially simultaneously therewith, the Company prepays a Pro Rata Share of the outstanding principal of each Note, and (B) the payment of principal of any Other NPA Note does not exceed its
Temporary Limitations. ICC’s obligations under Section 8.2(a) shall be subject to the following limitations: (i) subject to Sections 8.3(b)(ii), the obligations of Wayland under Section 8.3(a)(ii) shall terminate on the Survival Date; (ii) the obligations of Wayland under Section 8.3(a)(ii) in respect of any Losses based on:‌ (A) the absence of, or deficiency in, the title of Wayland to the Wayland International Shares; and (B) intentional misrepresentation or fraud by Wayland or any Person acting for or on behalf of Wayland; except, in each case, with respect to Losses (i) set forth in written notices given by ICC to Wayland prior to such date, and (ii) incurred by ICC prior to the date of such notices.
Temporary Limitations. ICC’s obligations under Section 8.2(a) shall be subject to the following limitations: (i) subject to Sections 8.2(b)(ii) and 8.2(b)(iii), the obligations of ICC under Section 8.2(a)(ii) shall terminate 24 months following the Second Closing Date (the “Survival Date”); (ii) the obligations of ICC under Section 8.2(a)(ii) in respect of any Losses relating to or impacted by Tax matters, including any Losses as a result of or in connection with or arising from Section 43 of Schedule B, arising in or in respect of a particular period ending on or before the Closing Date, or under Section 8.2(a)(iii) or Section 8.2(a)(iv), shall terminate on the date that is the earlier of:‌ (A) 90 days after the relevant Governmental Authorities shall no longer be entitled to assess or reassess liability for Taxes against ICC or any of its Subsidiaries for that particular period, including as a result of any waivers given by ICC or any of its Subsidiaries prior to the Closing in respect of any taxation year; and (B) the fifteenth anniversary of the Closing Date; (iii) the obligations of ICC under Section 8.2(a)(ii) in respect of any Losses based on:‌ (A) any incorrectness in or breach of the representations and warranties set out in Sections 1 to 4(a) of Schedule B (the “ICC Fundamental Representations”);‌ (B) the absence of, or deficiency in, the title of ICC to the ICC Shares or the title of ICC or any of its Subsidiaries to their respective assets; (C) intentional misrepresentation or fraud by ICC or any Person acting for or on behalf of ICC; shall terminate on fifteenth anniversary of the Closing Date; and (iv) the obligations of ICC under Section 8.2(a)(ii) in respect of any Losses based on any incorrectness in or breach of the representations and warranties set out in Section 39 of Schedule B [Environmental Matters] shall terminate on the fifth anniversary of the Closing Date, except, in each case, with respect to Losses (i) set forth in written notices given by a Wayland Indemnified Party to ICC prior to such date, and (ii) incurred by Wayland Indemnified Parties prior to the date of such notices.
Temporary Limitations. The Operator, at its sole discretion and without incurring any liability to Producer, reserves the right to refuse or limit delivery of Producer's Gas at the Acceptance Point when the Gathering System is shut down or when the Gathering System capacity is reduced due to maintenance or temporary operational difficulties. The Producer shall continue to be obligated to pay the amounts due under Section 502(b), without regard to any impact on actual throughput resulting from shut downs, reduced capacity due to maintenance or temporary operational difficulties. In the event of any such curtailment or reduction in capacity, Producer's Gas is receiving Firm service and shall therefore be the last Natural Gas to be curtailed by Operator.
Temporary Limitations. During the period ending eighteen (18) months from April 1, 2011, while employed by the Company or any of its parents, subsidiaries, affiliates, successor as assigns, Executive will not have any responsibility for or involvement with, directly or indirectly, any existing or potential soup, broth, stock, sauce, or fruit- or vegetable-based beverage business, including but not limited to any strategic, operational, marketing, sales, research or development decisions or planning with respect to any such business. This will include, but not be limited to, responsibility for or involvement with the Company’s College Inn broth businesses, its Contadina, Del Monte and S&W sauce businesses, and its Del Monte and Snap-E-▇▇▇ tomato juice businesses.

Related to Temporary Limitations

  • Temporary Layoffs A. The Employer may initiate a temporary layoff for up to twelve (12) working days per fiscal year. Employees will be given thirty (30) days’ notice before the effective date of a temporary layoff. Employees may request alternative temporary layoff days from their manager or supervisor and any requests will be considered and approved or denied in writing. B. A temporary layoff will not affect an employee’s incremental movement, vacation and sick leave accrual rates, or seniority. C. A temporary layoff is leave without pay. An employee may not use any leave for a temporary layoff day(s).

  • Temporary Layoff The Employer may temporarily layoff an employee for up to ninety (90) days due to an unanticipated loss of funding, revenue shortfall, lack of work, shortage of material or equipment, or other unexpected or unusual reasons. An employee will normally receive seven (7) days notice of a temporary layoff.

  • Temporary Leave Teachers who are members of UTW, at the request of UTW, shall be granted leave to participate in certain UTW activities subject to and in accordance with policies of the Board and administrative guidelines.

  • Temporary Positions A) The Employer may create regular temporary positions for vacation relief for more than one (1) incumbent for up to six (6) months duration. B) The Employer may create regular temporary project positions (i.e. grant funded, capital projects, pilot projects, or term specific assignments) for up to twelve (12) months’ duration. These positions are not renewable after the end date of the project, unless the Union and Employer agree to renew/extend the time limits. C) These positions will be posted and filled in accordance with Article 17.01-

  • Temporary Roads As necessary to attain stabilization of roadbed and fill slopes of Temporary Roads, Purchaser shall employ such measures as out- sloping, drainage dips, and water-spreading ditches.