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

  • However, interconnectors are natural monopolies, and therefore third party access (TPA) to the grids is essential.

  • Ibid; Stanley Reed and Milan Schreuer, “EU Settles with Russia’s Gazprom over Antitrust Charges,” New York Times, May 24, 2018; European Commission, “Antitrust: Commission Imposes Binding Obligations on Gazprom to Enable Free Flow of Gas at Competitive Prices in Central and Eastern European Gas Markets,” press release, May 24, 2018.

  • Silex has the exclusive right to assign its rights to acquire GEH’s 76% equity stake in GLE in full or in part to new investors Whilst the Term Sheet and extensions are principally Non-Binding, there are certain Binding Obligations.

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

  • The Company is not aware of any specific event or circumstance that would require a material update to its estimates or judgments or an adjustment of the carrying value of its assets or liabilities as of April 30, 2020.

  • Current Services Increases and Binding Obligations: Preserving basic health care programs currently being funded.

  • Section 4.1. Existence and Power; Tax Status 23 Section 4.2. Due Authorization 23 Section 4.3. Valid and Binding Obligations 24 Section 4.4. Noncontravention; Compliance with Laws 24 Section 4.5. Pending Litigation and Other Proceedings; Pending Legislation and Decisions 24 Section 4.6. Financial Statements 25 Section 4.7. Pension Plans 25 Section 4.8. Defaults 25 Section 4.9. No Material Adverse Change 25 Section 4.10.

  • Legal Implications: No Binding Obligations, but Future Ones Could Be ExacerbatedRising coal exports would not compromise the ability of the United States to meet any existing, enforceable climate-related obligations of the U.S. federal government.

  • Valid and Binding Obligations; Compliance with Other Instruments; Absence of Restrictions, etc.

  • Ireland, for example, declared the introduction of a flat 12.5% corporate tax rate in order to prevent the 10% special regime for the foreign investors in Dublin from being classified as harmful (Bond et al.

Related to Binding Obligations

  • Binding Agreement means a binding agreement executed by MaineHousing and the Applicant pursuant to which the Applicant elects the Applicable Percentage for a Project pursuant to Section 42(b) of the Code.

  • Enforceable means, with respect to any Contractual Obligation stated to be Enforceable by or against any Person, that such Contractual Obligation is a legal, valid and binding obligation of such Person enforceable by or against such Person in accordance with its terms, except to the extent that enforcement of the rights and remedies created thereby is subject to bankruptcy, insolvency, reorganization, moratorium and other similar laws of general application affecting the rights and remedies of creditors and to general principles of equity (regardless of whether enforceability is considered in a proceeding in equity or at law).

  • binding corporate rules means personal data protection policies which are adhered to by a controller or processor established on the territory of a Member State for transfers or a set of transfers of personal data to a controller or processor in one or more third countries within a group of undertakings, or group of enterprises engaged in a joint economic activity;

  • Valid means that the Tax Verification Letter’s period of validity, as indicated on the Tax Verification Letter, has not ended.

  • Guarantor Documents means this Guaranty and all other certificates, documents, agreements and instruments delivered to any Guaranteed Party under or in connection with this Guaranty and the Loan Documents.

  • Binding Effect The provisions, covenants and conditions in this Contract apply to bind the parties, their legal heirs, representatives, successors, and assigns.

  • Merger Documents means, collectively, this Agreement, the Certificate of Merger, and all other agreements and documents entered into in connection with the Merger and the other transactions contemplated hereby.

  • Purchaser Documents has the meaning set forth in Section 6.2.

  • Enforceability Exceptions means the (a) Laws of general application relating to bankruptcy, insolvency and the relief of debtors; and (b) rules of law governing specific performance, injunctive relief and other equitable remedies.

  • Seller Documents shall have the meaning set forth in Section 4.2.

  • Governing Documents means, with respect to any Person, the certificate or articles of incorporation, by-laws, or other organizational documents of such Person.

  • Buyer Documents has the meaning set forth in Section 5.2.

  • Agreement Documents means the instructions to proponents, scope of service, addenda, response to the RFP, and the acceptance of proposal together with all subsequently negotiated agreements, written amendments, modifications, and supplements to such documents and all written authorizations signed by the administrator(s) amending, deleting, or adding to the contract.

  • Person entitled under the document means the holder, in the case of a negotiable document of title, or the person to which delivery of the goods is to be made by the terms of, or pursuant to instructions in a record under, a nonnegotiable document of title.

  • Relevant Funding Agreements means the agreement or agreements entered into by the Company and the Secretary of State under section 1 of the Academies Act 2010 for the establishment of each Academy, including any variation or supplemental agreements thereof;

  • Ancillary Agreements means all agreements, certificates and other instruments delivered or given pursuant to this Agreement.

  • General Enforceability Exceptions has the meaning set forth in Section 4.1.

  • Related Agreements shall have the meaning specified in the recitals to the Administration Agreement.

  • Good and Defensible Title means title that is free from reasonable doubt to the end that a prudent person engaged in the business of purchasing and owning, developing, and operating producing oil and gas properties in the geographical areas in which they are located, with knowledge of all of the facts and their legal bearing, would be willing to accept the same acting reasonably.

  • Enforceability Limitations means limitations on enforcement and other remedies imposed by or arising under or in connection with applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other similar Laws affecting creditors’ rights generally from time to time in effect or general principles of equity (including concepts of materiality, reasonableness, good faith and fair dealing with respect to those jurisdictions that recognize such concepts).

  • Governing Document means any charter, articles, bylaws, certificate, statement, statutes or similar document adopted, filed or registered in connection with the creation, formation or organization of an entity, and any Contract among all equityholders, partners or members of an entity.

  • Ancillary Documents means each agreement, instrument or document attached hereto as an Exhibit, and the other agreements, certificates and instruments to be executed or delivered by any of the Parties hereto in connection with or pursuant to this Agreement.

  • Executed means the Vendor should have achieved the criteria specified in the Technical criteria of PQR even if the Contract has not been completed or closed

  • Best execution means prompt and reliable execution at the most favorable security price, taking into account the other provisions hereinafter set forth. The determination of what may constitute best execution and price in the execution of a securities transaction by a broker involves a number of considerations, including, without limitation, the overall direct net economic result to the Fund (involving both price paid or received and any commissions and other costs paid), the efficiency with which the transaction is effected, the ability to effect the transaction at all where a large block is involved, availability of the broker to stand ready to execute possibly difficult transactions in the future, and the financial strength and stability of the broker. Such considerations are judgmental and are weighed by the Manager in determining the overall reasonableness of brokerage commissions.

  • Investment Documents means, with respect to any Core Portfolio Investment or any Senior Bank Loan Investment, any related loan agreement, security agreement, mortgage, assignment, all guarantees, note purchase agreement, intercreditor and/or subordination agreements, and UCC financing statements and continuation statements (including amendments or modifications thereof) executed by the Obligor thereof or by another Person on the Obligor’s behalf in respect of such Core Portfolio Investment or Senior Bank Loan Investment and any related promissory note, including, without limitation, general or limited guaranties and, if requested by the Administrative Agent, for each Core Portfolio Investment secured by real property by a mortgage document, an Assignment of Mortgage, and for all Core Portfolio Investments or Senior Bank Loan Investments with a promissory note, an assignment thereof (which may be by allonge), in blank, signed by an officer of the Borrower.

  • Netting agreement means a netting agreement, master netting agreement or other similar document having the same effect as a netting agreement or master netting agreement and, as applicable, any collateral annex, security agreement or other similar document related to any master netting agreement or Permitted Contract.