VAR Obligations Sample Clauses
The VAR Obligations clause defines the responsibilities of the parties regarding the calculation, notification, and transfer of Variation Margin (VAR) in a derivatives transaction. It typically outlines how and when margin calls are made, the acceptable forms of collateral, and the procedures for resolving disputes over margin amounts. By establishing clear rules for managing exposure to market fluctuations, this clause helps mitigate credit risk and ensures both parties maintain adequate collateral throughout the life of the contract.
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VAR Obligations. The VAR shall:
5.1. use reasonable endeavours to promote and market the Services and to meet the VAR’s customers’ needs and expectations in a reasonable manner.
5.2. comply with the obligations set out in Annex 3 – VAR Obligations and Performance;
5.3. where the VAR or its Service Providers or Subscribers connect infrastructure to the Inmarsat Network the VAR shall comply, and use reasonable endeavours to ensure its Service Providers and Subscribers (other than any airline passenger, crew member or airline employee) comply, with the performance criteria set out in Annex 4 – VAR Technical Performance Criteria including, without limitation, reporting to the Company in an accurate and timely manner any VAR infrastructure operational events relevant to operational procedures or loss of service;
5.4. comply with the requirements of Annex 7 – Information and Technological Security and all reasonable security measures required for interfacing with the Company’s infrastructure and interfacing with the Inmarsat Network. Such security measures shall include (i) any requirements set out in the Inmarsat Operational Policies and Procedures and (ii) the provision of routers, firewalls and other equipment by the VAR for the purpose of maintaining network security on VAR managed network elements. VAR shall use best efforts to ensure its Service Providers and Subscribers (other than any airline passenger, crew member or airline employee) comply with the security requirements set out in this Clause 5.4;
5.5. provide twenty-four (24) hours a day, seven (7) days a week technical, billing and activation after sales customer service and helpline to: (i) undertake appropriate fault finding to determine whether faults reported are Subscriber, Service Provider, Satellite Terminal or Service related; (ii) use reasonable endeavours to support Service Providers and Subscribers to ensure that the service levels in [***], are maintained with the VAR’s distribution channel and, for this purpose, shall keep its personnel adequately trained regarding the Services. At all times such support shall be sufficient to provide reasonable technical and operational support to the VAR’s customer base, taking account of the specific demands and requirements of the VAR’s individual market. For the avoidance of doubt, the Company’s customer care support desk shall also provide support to the VAR where access to the Space Segment, SAS, or any other part of the Inmarsat Network not under the VAR’s contr...
VAR Obligations. VAR agrees to perform the following obligations in good faith;
VAR Obligations. During the Term, VAR shall: (a) distribute the Solution with the ▇▇▇▇ and ensure that End Users receive, are aware of, and accept the terms and conditions of the ▇▇▇▇ before using the Solution and promptly report to Blue Planet in writing any actual or suspected ▇▇▇▇ non- compliance; (b) maintain sufficient knowledge of the Software with the Solution (including specifications, features and benefits) so as to be able to explain in detail to the End Users the features of the Software; (c) establish an internal lab for the Software, the configuration to be mutually agreed upon; and (d) conduct business in accordance with applicable laws and in a manner that is consistent with good business practice and reflects favorably at all times on the Software and the good name, goodwill, and reputation of Blue Planet.
VAR Obligations a. The license granted above is contingent upon VAR's payment of the annual Premier VAR Program enrollment fee, VAR's commitment to the Annual Net Software Revenue Performance Level set forth in Attachment B. and VAR's employment of at least two persons who are trained and certified in the use and installation of the Products .
b. Upon execution of this Agreement, and from time to time within 30 days of Borland's request, VAR agrees to provide Borland with a business plan with respect to the future activities of VAR related to this Agreement.
c. VAR agrees to provide Borland with monthly sales, pipeline and forecast reports.
VAR Obligations a. DISTRIBUTION (VAR). VAR will deliver all Software to End Users in its original shrink-wrapped packaging with the original BackWeb Software License Agreement. VAR's noncompliance with this section shall constitute a material breach of this Agreement for which BackWeb may terminate this Agreement. (This Section not applicable to Systems Integrator unless agreed upon by BackWeb.)
VAR Obligations. VAR represents, warrants and agrees that VAR will: (a) use its diligent efforts to market and distribute the Software in the Territory; (b) within [* * *] of receipt of a new minor release of Software, provided the new release conforms to the Documentation, and contains defect corrections that affect Licensee, implement the new release (c) keep accurate records and accounts of all copies of Software made, as well as all information required to produce Monthly Reports (as defined below); (d) thirty days (30) days after the end of each calendar quarter, provide to Seven an activity and fee report in accordance with Exhibit G or Seven’s then current standard form (“Monthly/Quarterly Report”) and to assist with and bear responsibility for any reporting and compliance required of any Licensee; (e) reasonably assist Seven in enforcing its ownership rights in the Territory upon reasonable request by Seven. (f) comply with the Co-Marketing Obligations attached hereto as Exhibit E; and (g) submit and review with Seven a Licensee Technical Implementation Plan prior to licensing the Software to each new Licensee.
VAR Obligations. VAR represents to ECHELON that VAR has the technical, marketing and sales resources to develop, promote and sell VAR’s Value-Added Utility Solution.
VAR Obligations