TRANSFER OF OPERATIONAL CONTROL Sample Clauses

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TRANSFER OF OPERATIONAL CONTROL. 4.1. TO Facilities and Rights Provided to the ISO.
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TRANSFER OF OPERATIONAL CONTROL. 4.1. TO Facilities and Rights Provided to the CAISO.
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TRANSFER OF OPERATIONAL CONTROL. As of the In-Service Date of each Transmission Asset, the Manager of that Transmission Asset shall transfer Operational Control over the Transmission Asset to the appropriate System Operator in accordance with the applicable Transmission Operating Agreement. Each Manager shall provide, and cause its Affiliates to provide, such information as the System Operators may require to discharge their obligations under the Transmission Operating Agreements, and each Manager shall comply with the instructions of the System Operators to the extent provided in the Transmission Operating Agreements.
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TRANSFER OF OPERATIONAL CONTROL. The Transfer of Operational Control shall take place on the last Business Day of the calendar month in which the conditions set forth in Article VI (other than those conditions that by their nature are to be satisfied at the Transfer of Operational Control but subject to the fulfillment or waiver of those conditions) have been satisfied or waived, unless such conditions have not been so satisfied or waived by the fifth Business Day preceding the last Business Day of such calendar month, in which case the Transfer of Operational Control shall take place on the last Business Day of the next calendar month or at such other time, date or place as the Parties hereto may mutually agree in writing.
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Related to TRANSFER OF OPERATIONAL CONTROL

  • TRANSFER OF OPERATIONS Purchaser shall be entitled to immediate possession of, and to exercise all rights arising under, the Assets from and after the time that the Restaurants open for business on the Closing Date, and operation of the Restaurants shall transfer at such time (the "Effective Time"). Except as expressly provided in this Agreement, all profits, losses, liabilities, claims, or injuries arising before the Effective Time shall be solely to the benefit or the risk of Seller. All such occurrences after the Effective Time shall be solely to the benefit or the risk of Purchaser. The risk of loss or damage by fire, storm, flood, theft, or other casualty or cause shall be in all respects upon Seller prior to the Effective Time and upon the Purchaser thereafter.

  • Control of Operations Without in any way limiting any party’s rights or obligations under this Agreement, the parties understand and agree that (a) nothing contained in this Agreement shall give Parent or the Company, directly or indirectly, the right to control or direct the other party’s operations prior to the Effective Time and (b) prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

  • Statement of Operations Statement of Changes in Net Assets.

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts