Basic Transaction definition

Basic Transaction shall have the meaning set forth in Section 1.2.
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Basic Transaction is the contract on goods and services which are prepared, concluded and/or processed underlying the present framework contract. “UN/EDIFACT” In accordance with the definition by the UN/ECE (United Nations Economic Commission for Europe) the regulations of the United Nations on Electronic Data Interchange in Administration, Trade, Transport and Traffic comprise a number of internationally agreed norms, indexes and guidelines for the electronic interchange of structured data, in particular for the exchange between independent, computer-based information systems in conjunction with the exchange of goods and services. "Transaction Journal" is the chronological record kept by each party containing all EDI notifications as sent/received.
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Examples of Basic Transaction in a sentence

  • If Modavox is acquired on or before the Closing Date, the transactions described herein (including both the Basic Transaction to purchase 60% of Seller as described in Section 2 and the Option to buy the remaining 40% of Seller as described in Section 5) shall accelerate and the Closing Date for purposes of this Agreement shall mean the day before the date on which Modavox is so acquired.

  • CAC will duly fulfill and comply with all obligations on the part of CAC to be fulfilled or complied with under or in connection with each Loan, each Dealer Agreement, each Purchase Agreement and the other Basic Transaction Documents will do nothing to impair the rights of Funding (or its assigns) in, to and under the Contributed Property.

  • Prime hereby covenants that there shall be no increase in the levels of direct or indirect ownership or beneficial rights referred to in clauses (i), (ii) and (iii) of the immediately preceding sentence beyond the thresholds set forth therein from and after the closing of the Basic Transaction through and including the Indemnification Expiration Date.

  • Basic Transaction The basic transaction consists of the acquisition by Brokat of 100% of the TST Shares in consideration of the payment by Brokat to the Shareholders of US$ 18,674,000.00 (Eighteen Million Six Hundred Seventy-Four Thousand United States Dollars).

  • Such NDA shall be in effect for, and automatically extended in all time periods through, the term of this OEM Basic Transaction Agreement.

  • Furthermore, the parties agree that the CTA Agreement shall be amended to require the New General Partner (on its own behalf and on behalf of CTA) to report the Basic Transaction for income tax purposes in a manner consistent with the immediately preceding sentence and to continue at all times thereafter to maintain such reporting position.

  • By executing this Agreement, the New General Partner agrees (on its own behalf and on behalf of CTA) to report the Basic Transaction as described in the immediately preceding sentence.

  • Except as otherwise provided herein, the Basic Transaction may be amended or modified only by a writing executed by both parties.

  • The goods (or services) under the Basic Transaction Contract do not have any defect in rights, including but not limited to: not being and will not be mortgaged, pledged or guaranteed in any other form; not designated as property under any trust; not being and will not be retained, detained or sealed up by any party; no other party has reserved the ownership of the goods in any contract with Party A.

  • Purchase and Sale Transaction............................................................................6 (a) Basic Transaction.