Master Agreements Clause Samples

Master Agreements. The University shall supply the Union with copies of Master Agreements as they are changed or amended governing the benefits referred to in this Article 51, as they pertain to members of the bargaining unit.

Master Agreements. (a) The provisions of this PLA, including the applicable terms of the Master Agreements (which are the local Master Agreements of the signatory Unions having jurisdiction over the work on the Project, and as such may be changed from time to time consistent with Section 19.3) that are incorporated by reference into this PLA, shall apply to Covered Work, notwithstanding the provisions of any other local, area and/or national agreement that may conflict with or differ from the terms of this PLA. Where a subject covered by the provisions of this PLA is also covered by a Master Agreement, the provisions of this PLA shall prevail. Where a subject is covered by a provision of a Master Agreement and incorporated by reference into this PLA, the provisions of the Master Agreement shall apply. Any dispute as to the applicable source between this PLA and any Master Agreement shall be resolved under the procedures established in Article 10. (b) It is understood that this PLA, together with the applicable terms of the Master Agreements that are incorporated by reference into this PLA, constitutes a self-contained, stand-alone agreement and, by virtue of having become bound to this PLA, the Contractor will not be obligated to sign any Master Agreement, or any other local, area, or national collective bargaining agreement as a condition of performing work within the scope of this PLA. Provided, however, that a Contractor not signatory to the appropriate Master Agreement may be required to sign a uniformly applied non-discriminatory Participation or Subscription Agreement at the request of the trustees or administrator of a trust fund established pursuant to Section 302 of the Labor Management Relations Act, and to which such Contractor may be bound to make contributions under this PLA, provided that such Participation or Subscription Agreement does not purport to bind the Contractor beyond the terms and conditions of this PLA for work on Covered Projects and/or expand its obligation to make contributions pursuant thereto. It shall be the responsibility of the Prime Contractor to have each of its Contractors of any tier sign the documents with the appropriate Union prior to the Contractor beginning work on Covered Projects. (c) Only PLA Articles dealing with Work Stoppages and Lock-Outs, Work Assignments and Jurisdictional Disputes, and Settlement of Grievances and Disputes are applicable to work performed under the National Cooling Tower Agreement, the National Stack Agre...

Master Agreements. (i) an Event of Default or Potential Event of Default (in each case as defined in either Master Agreement) has occurred and is continuing under a Master Agreement or (ii) an Early Termination Date (as defined in either Master Agreement) has occurred or been effectively designated under the relevant Master Agreement or (iii) a person entitled to do so gives notice of an Early Termination Date (as defined in either Master Agreement) or (iv) either Master Agreement is terminated, cancelled, suspended, rescinded or revoked or otherwise ceases to remain in full force and effect for any reason PROVIDED THAT that there shall not be an Event of Default solely by reason of any of the events or circumstances described in clauses 10.1.5 to 10.1.15 inclusive taking place with respect to any Group Member which is not a Security Party unless in the opinion of the Majority Lenders, the ability of any Security Party to perform all or any of the obligations expressed to be assumed by it under, or otherwise to comply with the terms of, the Security Documents which it is a party would be materially and adversely affected.

Master Agreements. The Borrower or any of its Subsidiaries may enter into an ISDA Master Agreement or similar arrangement for a notional amount not exceeding the Facility Outstandings as applicable from time to time and that ISDA Master Agreement may be designated by the Borrower as a Master Agreement for the purposes of this Facility and secured by the Security Documents provided that the relevant Future Swap Provider enters into a Subordination Agreement. \P1\3522333.10

Master Agreements. If a Swap Provider and the Borrowers enter into a Master Agreement after the date on which any Mortgage is executed and registered in favour of the Security Agent, the Borrowers shall execute and deliver to the Security Agent any amendment or addendum to each Mortgage to secure that part of the Indebtedness relating to the Master Agreement, together with such supporting documentation at the Agent may reasonably require.

Master Agreements. As discussed in Chapter 5, there is an extensive analysis of collateral trans- actions in practice and in particular, the role financial collateral and margin play within the relevant master agreements. For that reason, this section will not discuss the role of financial collateral or margin as it operates in the master agreements. The master agreements will therefore only be briefly discussed here.76 Master agreements77 are standardised documents “fondly referred to by… insiders as a piece of private legislation”.78 These documents outline the respective contractual terms of a repo, securities lending and/or derivatives transaction between parties and are important legal tools providing adjudica- tion, enforcement and defining rules by which market participants must adhere.79 According to IOSCO, master agreements allow fora “flexible, effective and efficient means to provide the necessary protections in today’s ever-▇▇▇▇▇- ing global” and financial marketplace.80 Their existence enables market parti- cipants to swiftly adapt to changing market conditions and business needs.81 This is especially important given that advances in technology ensure financial markets remain increasingly global and trade is conducted without regard to national boundaries. Significantly, master agreements adapt to financial innovation in ways that national and regional regulation cannot, with trans- actions crossing national boundaries, often where regulatory powers cannot.82 By their very nature, master agreements allow greater flexibility for market participants to tailor their agreement, such as the type and amount of financial collateral, the appropriate margin/haircut levels and events of default.83 75 ▇▇▇▇▇▇▇▇▇▇▇ (n 60) 3 at 33. See also, Eidenmuller (n 61) 407 at 408-409; B Muscat, Insolvency Close-out Netting: A Comparative Study of English, French and US Law in a Global Perspective (2020) 1 at 44. 76 For an in-depth discussion of the master agreements and related issues, such as property law, choice of law and conflict of laws, see generally Chapters 3 and 5. 77 Including the Global Master Repurchase Agreement (“GMRA”) for repurchase agreements, the Global Master Securities Lending Agreement (“GMSLA”) for securities lending trans- actions and the International Swaps and Derivative Association (“ISDA”) Credit Support Annex under the ISDA Master Agreement for derivatives transactions.

Master Agreements. (a) an Event of Default (as defined in section 14 of a Master Agreement) occurs; or (b) a Master Agreement is terminated, cancelled, suspended, rescinded or revoked or otherwise ceases to remain in full force and effect for any reason except with the consent of the Agent acting on instructions of the Majority Lenders.

Master Agreements. The Borrower shall execute the Master Agreements with the Swap Providers on or about the date of this Agreement. Execution of the Master Agreements does not commit the Swap Providers to conclude any Transactions, or even to offer terms of doing so, but does provide a contractual framework within which Transactions may be concluded and secured, assuming that the Swap Providers are willing to conclude a Transaction at the relevant time and that, if that is the case, mutually acceptable terms can be agreed at the relevant time. The Borrower shall promptly notify the Agent of any Transactions that are concluded and secured under the Security Documents and provide the Agent with a copy of the terms governing the same.

Master Agreements. In order to further implement the purpose and intention of this Agreement, prior to the commencement of any Site Work with respect to any Development Project, the Parties shall, each acting reasonably, timely and in good faith and in accordance with industry practice and custom, negotiate the terms of and enter into appropriate construction, reciprocal easement, joint use and operation, shared facilities or similar agreement(s) pertaining to the development, construction, operation and/or use of such Development Project and the Hardisty Rail Terminal Facility, which agreement(s) (i) shall contain customary terms and conditions pertaining to, among other matters, the matters set forth in this Agreement, future maintenance and capital expenses for any shared facilities, apportionment of shared operating and capital expenses, coordination of business activities, non-interference covenants, restrictions on changes in use, maintenance of insurance and mutual indemnification, in each case relating such Development Project and the Hardisty Rail Terminal Facility, as applicable, and (ii) shall be in form acceptable for recording in the official land records in the jurisdiction in which the Hardisty Rail Property, the Undeveloped Land and any Future Acquired Land are located.