Umbrella Agreements Sample Clauses
An Umbrella Agreement is a master contract that sets out the general terms and conditions governing multiple future transactions or agreements between parties. It typically establishes the overarching legal framework, such as payment terms, confidentiality, and dispute resolution, while allowing for specific details to be defined in subsequent, individual contracts or purchase orders. This clause streamlines negotiations for recurring business by reducing the need to renegotiate standard terms for each transaction, thereby increasing efficiency and consistency.
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Umbrella Agreements. 4.4.1 ST shall use its reasonable best efforts to procure that, as of Closing, the Company and other members of the Group (as subsidiaries of ST) fall under and benefit from the ST Umbrella Agreements.
4.4.2 If (i) consent of a counterparty to a ST Umbrella Agreement is required for the aforesaid purpose but is not received prior to Closing; and (ii) one of the NXP Umbrella Agreements concerns substantially the same subject as such ST Umbrella Agreement, NXP shall notify the counterparty to such NXP Umbrella Agreement of the transfer of the Relevant Businesses pursuant to this Agreement. The Parties shall use reasonable best efforts to obtain a grace period of at least three (3) months as of the Closing Date allowing the NXP Relevant Businesses the continued enjoyment of such NXP Umbrella Agreement during such period.
4.4.3 In the event that a NXP Umbrella Agreement concerns a subject that is not covered by a ST Umbrella Agreement, NXP shall if so required by ST prior to Closing notify the counterparty to such NXP Umbrella Agreement of the transfer of the Relevant Businesses pursuant to this Agreement. The Parties shall use reasonable best efforts to obtain a grace period of at least three (3) months as of the Closing Date allowing the NXP Relevant Businesses the continued enjoyment of such NXP Umbrella Agreement during such period.
4.4.4 Copies of all notifications together with any responses from the counterparties of the ST Umbrella Agreements and the NXP Umbrella Agreements will be provided to the Company, ST and NXP upon dispatch or receipt, as the case may be.
4.4.5 The Parties shall use their reasonable best efforts to procure that, during the aforesaid grace periods the Company, or relevant other member of the Group, arranges with each such counterparty a new agreement, where applicable, with retroactive effect as of the Closing Date. Any and all costs in relation to the use of NXP Umbrella Agreements during such grace period and the entering into of any such new agreements shall be for the account of the Company or relevant other member of the Group.
Umbrella Agreements. All terms and conditions contained within this DPA, and the actual execution of the Development Project described by this DPA, will be governed by the terms of the DPA. CONTACTS: UNISPHERE SOLUTIONS INC. Technical: Thom▇▇ ▇▇▇▇▇▇▇▇, ▇▇O Crai▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇tracts: Thom▇▇ ▇▇▇▇▇▇▇▇, ▇▇O Suza▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇, ▇▇neral Counsel
Umbrella Agreements. The Old Umbrella Agreement shall continue to govern the origination, including underwriting and disbursement, of CEDU prepGATE Loans, and only CEDU prepGATE Loans, including all such loans originated since April 30, 2001; PROVIDED, HOWEVER, that only Sections 4, 9, and 26 of the Old Umbrella Agreement shall survive to govern CEDU prepGATE Loans and all sections of the New Umbrella Agreement other than Sections 4, 5, 9, and 26 thereof will govern CEDU prepGATE Loans. The provisions of Sections 8, 10, and 11 of the Old Umbrella Agreement shall continue to apply to GATE Family Loans originated prior May 1, 2001, but all other provisions of the Old Umbrella Agreement have been superseded by the New Umbrella Agreement. Upon purchase of the last GATEFamily Loan (including CEDU prepGATE Loans) originated under the Old Umbrella Agreement pursuant to the Old Note Purchase Agreement, the Old Umbrella Agreement shall terminate.
Umbrella Agreements. The Merchant Agreements listed in Schedule 6.10 are part of larger master agreements and are the only Merchant Agreements that are not separate and independent agreements.