Globalstar Accounts Sample Clauses

Globalstar Accounts. At or prior to the Closing, the Company shall assign or otherwise transfer to Global Telesat Communications Ltd. (“GTCL”), 270 accounts (i.e., Globalstar simplex accounts that the Company has been granted the right to use without charge pursuant to the terms of existing contracts between the Company and Globalstar) for use on Globalstar Inc.’s satellite network (the “Initial Transferee Accounts”). Promptly following the commencement of commercial operations of an Afghanistan ground station constructed by the Company pursuant to a contract granting the Company 10,000 Globalstar accounts, the Company shall assign or otherwise transfer to GTCL 1,000 accounts (i.e., Globalstar simplex accounts that the Company has been granted the right to use without charge pursuant to the terms of existing contracts between the Company and Globalstar) for use on Globalstar’s satellite network (the “Secondary Transferee Accounts,” and together with the Initial Transferee Accounts, the “Transferee Accounts”). Notwithstanding anything to the contrary herein, GTCL shall have the exclusive right to sell such Transferee Accounts to customers of GTCL for as long as such Transferee Accounts remain available for such use; provided, however, that Xxxxxx hereby agrees that GTCL shall not, for so long as such Transferee Accounts remain available for such use, sell such Transferee Accounts to any customer in the United States or to any customer of the Company, and provided, further, however, that GTCL shall not in any other way compete with the business of the Company, Buyer or any of their Affiliates and Xxxxxx hereby agrees that, except as set forth in this Section 6.07, GTCL shall be subject to the provisions of Section 6.02 of this Agreement.
Sample 1
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Related to Globalstar Accounts

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Customer Accounts The Bank agrees to establish and maintain the following accounts ("Accounts"):

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"):

  • Separate Accounts If the Fund has more than one series or portfolio, the Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund shall be deemed to refer to the Fund acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such individual series and any obligation or liability of the Fund hereunder shall be binding only with respect to such individual series, and shall be discharged only out of the assets of such series.

  • Types of Cash Accounts Cash accounts opened on the books of the Custodian (Principal Accounts) shall be opened in the name of the Fund. Such accounts collectively shall be a deposit obligation of the Custodian and shall be subject to the terms of this Section 7 and the general liability provisions contained in Section 9. Cash accounts opened on the books of a Subcustodian may be opened in the name of the Fund or the Custodian or in the name of the Custodian for its customers generally (Agency Accounts). Such deposits shall be obligations of the Subcustodian and shall be treated as an Investment of the Fund. Accordingly, the Custodian shall be responsible for exercising reasonable care in the administration of such accounts but shall not be liable for their repayment in the event such Subcustodian, by reason of its bankruptcy, insolvency or otherwise, fails to make repayment.

  • Shareholder Accounts In connection with the establishment of Shareholder accounts, JHSS shall:

  • Other Accounts On the date of withdrawal of any Deposit, the Escrow Agent, or the Pass Through Trustee on behalf of the Escrow Agent, shall be entitled to re-deposit with the Depositary any portion thereof and the Depositary shall accept the same for deposit hereunder. Any sums so received for deposit shall be established as a new Deposit and credited to a new Account, all as more fully provided in Section 2.1 hereof, and thereafter the provisions of this Agreement shall apply thereto as fully and with the same force and effect as if such Deposit had been established on the Deposit Date except that (i) such Deposit may not be withdrawn prior to the date seven days after the establishment thereof and (ii) such Deposit shall mature on June 15, 2000 (as such date may be extended from time to time to the fifteenth day after the Delivery Period Termination Date) and bear interest as provided in Section 2.2. The Depositary shall promptly give notice to the Escrow Agent of the account number assigned to any such re-deposit.

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto;

  • Primary Accounts Borrower will maintain its primary depository and operating accounts with Bank.

  • Collection Accounts Section 3.11 Withdrawals from the Collection Accounts..................... Section 3.12 Investment of Funds in the Collection Accounts and the Distribution Account......................................... Section 3.13 Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage........................................ Section 3.14 Enforcement of Due-on-Sale Clauses; Assumption Agreements.... Section 3.15

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