Specified Obligations Sample Clauses
The Specified Obligations clause defines particular duties or responsibilities that a party must fulfill under the agreement. It typically lists or references specific actions, deliverables, or standards that are required, such as providing certain reports, maintaining insurance, or meeting performance benchmarks. By clearly outlining these obligations, the clause ensures both parties understand their key commitments, reducing ambiguity and helping to prevent disputes over what is required.
Specified Obligations. “Specified Obligations” means the obligations of the Purchaser, any Acquiring Party and their respective current and future Affiliates, successors and assigns as set forth in Sections 2.4(a) through 2.4(d), subject to the qualifications applicable to such obligations as set forth in Section 2 and elsewhere in this Agreement.
Specified Obligations. “Specified Obligations” shall mean only those obligations of Seller expressly set forth on Schedule 1.78, which will be assumed by Buyer as of the Effective Time of Closing pursuant to Section 2.2.
Specified Obligations. No Cash Management Bank, Hedge Bank or Commercial Letter of Credit Provider that obtains the benefits of Section 12.4 or any Collateral by virtue of the provisions hereof or of any Security Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article XIII to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Specified Hedge Agreements, Specified Cash Management Arrangement and Commercial Letter of Credit Facility unless the Administrative Agent has received written notice of such Specified Hedge Agreements, Specified Cash Management Arrangement and Commercial Letter of Credit Facility, together with such supporting documentation as the Administrative Agent may reasonably request, from the applicable Cash Management Bank, Hedge Bank or Commercial Letter of Credit Provider, as the case may be.
Specified Obligations. In performing its obligations hereunder, the Contractor shall act (a) in good faith, (b) in accordance with Prudent Utility Practices (meaning, the practices, methods, techniques, standards and acts engaged in or approved by a significant portion of the electric utility industry in the United States or any of the practices, methods, techniques, standards and acts which, in the exercise of reasonable judgment in light of the facts known (or which a qualified and prudent contractor should have known) at the time a decision is made, would have been expected to accomplish a desired result at reasonable cost consistent with good business practices, reliability, safety and expedition, in each case for use in connection with the design, engineering, construction, testing, operation and maintenance of power stations of the same or similar size and type as the Project, that at the particular time of performance of the Services (i) in the exercise of that degree of skill, diligence, prudence and foresight which would reasonably be expected from a skilled and experienced contract employing generally accepted professional standards with respect to the performance of the Services hereunder, would have been expected to accomplish the desired result in a manner consistent with Applicable Laws, Applicable Permits, Accepted Electrical Practices, reliability, safety, environmental protection, economy and expediency, and (ii) conform in all material respects to the design, engineering, construction, testing, operation, maintenance and other recommendations and guidelines of the equipment suppliers and manufacturers applicable to the equipment in question; provided however that Prudent Utility Practices are not limited to the optimum practices, methods, techniques, standards and acts to the exclusion of others, but rather refer to those practices, methods, techniques, standards and acts that are generally accepted or approved by a significant portion of the electric utility industry in the relevant region, during the relevant time period, as described in the preceding clause), and (c) in accordance with the degree of care and skill ordinarily exercised by engineering and construction firms performing similar services, and will use commercially reasonable efforts to perform the Services remaining to be performed under the Project Agreements within the time periods required under the Project Agreements and the Schedule and within the cost estimates for the Project Agreements an...
Specified Obligations. No Cash Management Bank or Hedge Bank that obtains the benefits of any Loan Document or any Collateral by virtue of the provisions hereof or of any Security Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article XII to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Specified Cash Management Arrangements and Specified Hedge Agreements unless the Administrative Agent has received written notice of such Specified Cash Management Arrangements and Specified Hedge Agreements, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be.
Specified Obligations. All other obligations, if any, of Mortgagor described or referred to in any other place in this Mortgage.
Specified Obligations. No Lender or Affiliate thereof to which Specified Obligations are owing that obtains the benefits of Section 10.4 or any Collateral by virtue of the provisions hereof or of any Security Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents.