Draw-down Contract definition

Draw-down Contract means the agreement to be entered into by the Framework Purchaser and the Supplier under and pursuant to which the Supplier will provide the ready mix supply service in accordance with the terms and conditions contained therein. An indicative example of a Draw-down Contract is set out at Schedule 5;
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Draw-down Contract means the agreement to be entered into by the Framework Purchaser and the Service Provider under and pursuant to which the Service Provider will provide Mechanical Road Condition Surveys in accordance with the terms and conditions contained therein;
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Examples of Draw-down Contract in a sentence

  • Termination of this Framework Agreement or any Draw-down Contract pursuant to the above clauses shall not relieve or discharge either party from any obligations which have accrued prior to such termination.

  • Such termination shall take effect on the date specified in the said notice and shall be without prejudice to any claims which either party may have against the other party under this Framework Agreement and/or a Draw-down Contract.

  • A purchase order shall issue and shall be appended to each separate Draw-down Contract.

  • Notwithstanding the expiry of the Framework Period, a Draw-down Contract that is not completed prior to the end of the Framework Period shall be governed by this Framework Agreement.

  • For the avoidance of any doubt, the term of a Draw-down Contract may last longer than the Framework Period.

  • Failure or neglect by any Framework Purchaser to enforce at any time any provision of this Framework Agreement or any Draw-down Contract shall not be construed or deemed to be a waiver of that Framework Purchaser’s rights hereunder, nor in any way affect the validity of the whole or any part of this Framework Agreement, nor prejudice the Framework Purchaser’s rights to take subsequent action.

  • Unless expressly stated to the contrary, the service of a notice to terminate the Framework Agreement shall not operate as a notice to terminate any Draw-down Contract made under the Framework Agreement.

  • Should conditions arise which, in the opinion of the LGOPC in its absolute discretion, necessitate the termination of this Framework Agreement and/or a Draw-down Contract, the LGOPC may terminate the Framework Agreement and/or a Draw-down Contract upon written notice to the Supplier.

  • Present at such informal hearing will be the Union staff representative and the grievant for the Union, and two administrators appointed by the President.

  • If any delay or failure in performance, as set out above, persists for 14 days or more, Framework Purchasers shall have the right to terminate the relevant Draw-down Contract by giving 7 days notice in writing to the Supplier.

Related to Draw-down Contract

  • Loan Contract means the evidence of indebtedness and all instruments used in the

  • Buydown Agreement An agreement between a Person and a Mortgagor pursuant to which such Person has provided a Buydown Fund.

  • Advance Payment Contract means any contract whereby any Credit Party either (a) receives or becomes entitled to receive (either directly or indirectly) any payment (an “Advance Payment”) to be applied toward payment of the purchase price of Hydrocarbons produced or to be produced from Oil and Gas Interests owned by any Credit Party and which Advance Payment is, or is to be, paid in advance of actual delivery of such production to or for the account of the purchaser regardless of such production, or (b) grants an option or right of refusal to the purchaser to take delivery of such production in lieu of payment, and, in either of the foregoing instances, the Advance Payment is, or is to be, applied as payment in full for such production when sold and delivered or is, or is to be, applied as payment for a portion only of the purchase price thereof or of a percentage or share of such production; provided that inclusion of the standard “take or pay” provision in any gas sales or purchase contract or any other similar contract shall not, in and of itself, constitute such contract as an Advance Payment Contract for the purposes hereof.

  • The Advance Purchase Order or “Letter of Intent” means the intention of Purchaser to place the Purchase Order on the bidder.

  • Master Contract means the CATS Master Contract between the Maryland Department of Budget and Management and TO Contractor dated December 19, 2005.