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).

Related to Binding Obligations

  • 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.