Key Concepts Sample Clauses

The "Key Concepts" clause serves to define and clarify important terms and ideas that are used throughout the agreement. It typically lists specific words or phrases and provides their precise meanings as they apply within the context of the contract, ensuring that all parties interpret these terms consistently. By establishing clear definitions at the outset, this clause helps prevent misunderstandings and disputes over terminology, thereby promoting clarity and mutual understanding in the interpretation of the contract.
Key Concepts. Signatory Applicant
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Key Concepts. This Agreement employs a number of key concepts. (1) The Retailer agrees to: (a) receive and process, in accordance with clauses 4 and 5, Applications for the Rebate; and (b) pay the Rebate to Rebate Customers in accordance with clause 6. (2) The State agrees to reimburse the Retailer, in accordance with clause 7, for any Rebate validly paid to a Rebate Customer. (3) Any Customer may make an Application. (4) A Customer will fall into one of two categories. (a) In most cases, a Customer will apply on the Customer’s own behalf. (b) In some cases, a Customer will apply as a Proprietor. (5) If a Customer of a Retailer: (a) has made an Application to the Retailer in accordance with clause 4; and (b) meets the Eligibility Criteria, then the Customer is a Rebate Customer.
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Key Concepts. The main architectural concepts of the SCAMPI platform, shown in Figure 3, are introduced in the remaining of this sub-section. At the bottom of the conceptual architecture the resources layer comprises the multitude of resources available in the environment, for example, those available in users’ modern smart phones. Access to device’s physical resources is abstracted through a service interface. Such abstraction occurs for example, when accessing the WiFi chipset through the socket interface or GPS information via a location service interface. The network (each network interface) is viewed as a special resource, which is managed through an opportunistic and pervasive networking stack. opportunistic social network pervasive streaming
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Key Concepts. Article Two Common Area Article Three Common Nationals Article Four (i) The right to reside within the territory of the other State. (ii) The right to move freely between the two States. (iii) The right to undertake economic activity within the territory of the other State. (iv) The right to own property within the territory of the other State.
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Key Concepts. Terms defined in this Chapter shall be capitalized first in the text of the Agreement unless their meaning in the context is different from that defined in this Chapter.
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Key Concepts. As used in these Purchase Terms, a “Propell Terminal Product” is any hardware product, instrument or piece of equipment that you purchase from Propell under these Purchase Terms, and includes physical Point of Sale (“POS”) devices, accessories, components, and spare parts, and Terminal Device Software (see Section A.18 below). The Propell Terminal Products are intended to be used in conjunction with the Propell Terminal Services (defined in the Propell Terminal Services Terms available at ▇▇▇▇▇://▇▇▇▇▇▇▇.▇▇▇/terminal/legal (“Propell Terminal Services Terms”)). We provide support to help resolve general issues relating to the Propell Terminal Products. This support includes resources and documentation that we make available to you through the current versions of Propell’s support pages, API documentation, and other pages on our website (collectively, “Documentation”).
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Key Concepts 
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Related to Key Concepts

  • Area of Concern Wiring does not carry its designated fuse load to the electrical lines. Standard: Wiring shall conform to the applicable electrical code requirements and shall be capable of carrying the designated load for normal residential use to the electrical box.

  • Mergers, Consolidations, Sales of Assets and Acquisitions (a) Merge into or consolidate with any other person, or permit any other person to merge into or consolidate with it, or sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or substantially all the assets (whether now owned or hereafter acquired) of Parent or any Borrower, or any Equity Interests of any Borrower, or less than all the Equity Interests of any Subsidiary (other than a Borrower), or purchase, lease or otherwise acquire (in one transaction or a series of transactions) all or any substantial part of the assets of any other person, except that (i) Parent and any Subsidiary may purchase and sell inventory in the ordinary course of business and (ii) if at the time thereof and immediately after giving effect thereto no Default or Event of Default shall have occurred and be continuing (v) any wholly owned Subsidiary may merge into a Borrower in a transaction in which such Borrower is the surviving corporation, (w) any wholly owned Subsidiary (other than a Borrower) may merge into or consolidate with any other wholly owned Subsidiary in a transaction in which the surviving entity is a wholly owned Subsidiary and no person other than Parent or a wholly owned Subsidiary receives any consideration (provided that if any party to any such transaction is a Loan Party, the surviving entity of such transaction shall be a Loan Party) and (x) the Loan Parties may make Permitted Acquisitions, (y) Holdings may merge into WellCare Group, Inc., and (z) the Harmony Transactions may be consummated. (b) Engage in any Asset Sale permitted under paragraph (a) of this Section unless (i) such Asset Sale is for consideration at least 75% of which is cash, (ii) such consideration is at least equal to the fair market value of the assets being sold, transferred, leased or disposed of and (iii) the fair market value of all assets sold, transferred, leased or disposed of pursuant to this paragraph shall not exceed $5,000,000 in the aggregate.

  • Sales, Etc. of Assets Sell, lease, transfer or otherwise dispose of, or cause or permit any Subsidiary of the Borrower to sell, lease, transfer or otherwise dispose of, any assets, or grant any option or other right to purchase, lease or otherwise acquire any assets, except (i) sales in the ordinary course of its business, (ii) dispositions of assets required to be sold to comply with Applicable Laws, (iii) dispositions of short-term, readily marketable investments purchased for cash management purposes with funds not representing the proceeds of other asset sales, (iv) sales, leases, transfers or dispositions of assets to any Person that is not a wholly-owned Subsidiary of the Borrower that in the aggregate during any 12-month period do not exceed 10% of the Consolidated Assets of the Borrower and its Subsidiaries, whether in one transaction or a series of transactions, provided that any such sales, leases, transfers or dispositions will be disregarded for purposes of such 10% limitation (and, for the avoidance of doubt, be deemed to be permitted hereunder) if the net proceeds thereof, within 18 months of such sale, lease, transfer or disposition, as applicable, are (A) used to retire Debt of the Borrower and its Subsidiaries (other than Debt that is subordinated to the Debt hereunder) or (B) invested in assets in similar or related lines of business (including geographic extensions thereof) of the Borrower and its Subsidiaries as of the Closing Date, (v) sales, leases, transfers and dispositions made to the Borrower or a wholly-owned Subsidiary of the Borrower and (vi) a disposition by the Borrower of all or substantially all of its assets to any Person so long as the requirements set forth in Section 5.02(b) are satisfied as if such disposition were a merger or consolidation in which the Borrower is not the surviving entity.

  • Equity Interests With respect to any Person, any share of capital stock of (or other ownership or profit interests in) such Person, any warrant, option or other right for the purchase or other acquisition from such Person of any share of capital stock of (or other ownership or profit interests in) such Person, any security convertible into or exchangeable for any share of capital stock of (or other ownership or profit interests in) such Person or warrant, right or option for the purchase or other acquisition from such Person of such shares (or such other interests), and any other ownership or profit interest in such Person (including, without limitation, partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such share, warrant, option, right or other interest is authorized or otherwise existing on any date of determination.

  • Disqualified Stock The amount of Indebtedness of any Person at any date shall be, without duplication, (a) the outstanding balance at such date of all unconditional obligations as described above and the reasonably anticipated liability of any such Contingent Obligations at such date and (b) in the case of Indebtedness of others secured by a Lien to which the property or assets owned or held by such Person is subject, the lesser of the fair market value at such date of any asset subject to a Lien securing the Indebtedness of others and the amount of the Indebtedness secured.