Binding Obligations definition

Binding Obligations. All of the obligations set forth in the Project Agreements shall bind the Participants and their successors and assigns, and such obligations shall run with the Participants’ rights, titles and interests in the Transmission System and with all of the interests of each Participant in the Project Agreements; provided that any mortgagee, trustee or secured party shall not be obligated for obligations arising prior to taking of possession or the initiation ofremedial proceedings.
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Binding Obligations shall have the meaning set forth in Section 8.2. “Capacity Price” shall have the meaning set forth in Section 5.1. “Contract Term” shall mean May 1, 2015 through to May 31, 2020.
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Binding Obligations shall have the meaning set forth in Section 8.2. “Contract Term” shall have the meaning set forth in Section 3.3.
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Examples of Binding Obligations in a sentence

  • Accordingly, except for the Binding Obligations, if for any reason whatsoever the Definitive Agreement is not executed, neither Party hereto shall be entitled to any form of relief whatsoever relating to the Proposed Transaction, including, without limitation, injunctive relief or damages.

  • The Binding Obligations shall be legally binding upon and enforceable against the Parties and their successors and permitted assigns and shall survive the termination of this Term Sheet.

  • It is agreed that, with the exception of the Binding Obligations, no agreement has been reached by the Parties with respect to the subject matter of the Proposed Transaction.

  • Legal, Valid and Binding Obligations......................................................

  • The Binding Obligations shall be binding upon and enforceable against the Parties and their successors and permitted assigns and shall survive the termination of this Term Sheet.

  • It is expressly agreed and acknowledged that, with the exception of the Binding Obligations, no agreement has been reached by the Parties.

  • Other than the Binding Obligations, nothing contained herein shall constitute an agreement between the Parties.

  • Except as may be expressly provided in the Binding Obligations, no past or future action, course of conduct or failure to act relating to the Proposed Transaction, or relating to the negotiation of, or the failure to negotiate, the terms of the Proposed Transaction will give rise to any obligation or other liability on the part of the parties hereto.

  • Binding Obligations ---------------------------------- No Exceptions.

  • Notwithstanding anything herein to the contrary, the Deductible shall not apply to a claim for breach of any representation and warranty set forth in §3(a)(ii) and (v) (Authorization; Ownership of Company Shares), §4(a)(iii) (Binding Obligations), §4(d) (Brokers), the first sentence of §4(e) (No Liens), §4(f) (Ownership of Subsidiaries), §4(k) (Tax Matters) or §4(s) (Health Care Laws).