Mandatory Changes definition

Mandatory Changes has the meaning given in Section 4.01;
Sample 1Sample 2Sample 3
Mandatory Changes shall have the meaning set forth in Section 5.2.
Sample 1Sample 2Sample 3
Mandatory Changes as used herein means any change necessary to ensure that OEM Products comply with the following standards, as such standards are constituted on the date of shipment: (1) the Product Specification; (2) applicable laws or regulations; or (3) recognized and accepted commercial safety standards for similar products. NP will. at its own expense, supply SunConnect or SunConnect's Service Providers (as directed by SunConnect) parts kits and detailed rework instructions for all OEM Products purchased by SunConnect affected by any Mandatory Change, regardless of whether such OEM Products have been delivered to SunConnect, its customers, resellers or distributors.
Sample 1Sample 2

Examples of Mandatory Changes in a sentence

  • Supplier will provide Fortinet with sixty (60) days prior written notice of Mandatory Changes prior to implementing such changes.

  • Supplier will provide, at Supplier’s expense, all necessary materials, reasonable labor and instructions if Mandatory Changes must be installed on Products already delivered to Fortinet.

  • The Province shall be entitled to require the Contractor to implement an upgrade to the Back-up Site, by issuing a Mandatory Change under Section 3.03 (Mandatory Changes).

  • Either Party may submit to the other Party written proposals of changes to the manufacturing and production process for the Products other than Mandatory Changes (collectively, “Discretionary Changes”).

  • Subject to Section 1.4, any and all costs associated with Mandatory Changes that primarily relate to the manufacturing, packaging, testing and supply of Products for distribution in the United States (including Regulatory Authority filings, write off and other costs due to such changes associated with obsolete Raw Materials, work-in-process and Products inventories) shall be borne by Purchaser and the costs of all other Mandatory Changes shall be borne by Manufacturer.

  • Except as set forth in this Section IV regarding Mandatory Changes or as otherwise expressly agreed between the parties in writing, until any Change is agreed between Ridge and Client or Broadridge and Xxxxxx, as applicable, in accordance with the Change Control Procedure, Ridge shall continue to perform the Services and be paid the amounts set forth under this Agreement as if the Change had not been requested.

  • If the Province determines that any Ancillary Service is of sufficient importance to justify re-characterization of such Ancillary Service to a Core Registry Service, the Province may give effect to such change by issuing a Change Request under Section 3.05 (Change Request) or a Mandatory Change under Section 3.03 (Mandatory Changes).

  • Ridge is authorized to act and rely on, and shall promptly implement, each Compliance Directive in the performance and delivery of the Services including, without limitation, required changes to the Software and Ridge Products, in accordance with the Change Control Procedures applicable to Mandatory Changes.


More Definitions of Mandatory Changes

Mandatory Changes are those changes required to correct an extremely unsatisfactory condition requiring immediate action, such as changes for safety or to meet existing Product Specifications. In such cases Company shall promptly send Siemens a written change notification. Company shall provide with each change notification the following information: (a) Product change number; (b) a detailed description of the change; (c) reason for the change; (e) description of the impact of the change; (f) price impact, if any; (g) proposed date for changes. Company shall provide Siemens with samples of the changed Product for testing. In the event that Siemens reasonably rejects such change to a Product, Siemens shall advise Company of such determination as soon as reasonably possible, but in no event more than thirty (30) days from the date on which the sample of the changed Product was received by Siemens. Siemens' failure to so notify Company shall be deemed an acceptance of the change. Company shall not furnish any such changed Products on any of Siemens orders if the change has been reasonably rejected.
Sample 1
Mandatory Changes are those changes required to correct an extremely unsatisfactory condition requiring immediate action, such as changes for safety or to meet existing Product Specifications. In such cases Company shall promptly send Siemens a written change notification. Company shall provide with each change notification the following information: (a) Product change number; (b) a detailed description of the change; (c) reason for the change; (e) description of the impact of the change and (f) proposed date for changes. Company shall provide Siemens with samples of the changed Product for testing. Modifications of Products necessary to comply with the Specification or to fulfil any other obligation of Company under this Agreement shall be implemented by Company at no cost to Siemens. In particular, modifications of Products necessary to comply with applicable laws and regulations, governmental regulation, environmental standards, consumer protection and safety approvals shall be implemented by Company in due time and at no cost to Siemens.
Sample 1

Related to Mandatory Changes

  • Regulatory Change means, with respect to Bank, any change on or after the date of this Agreement in United States federal, state, or foreign laws or regulations, including Regulation D, or the adoption or making on or after such date of any interpretations, directives, or requests applying to a class of lenders including Bank, of or under any United States federal or state, or any foreign laws or regulations (whether or not having the force of law) by any court or governmental or monetary authority charged with the interpretation or administration thereof.

  • Discriminatory Change in Law means a Change in Law the terms of which specifically (and not merely indirectly or consequentially or by virtue of the disproportionate effect of any Change in Law that is of general application) apply to:

  • Disciplinary change in placement means a suspension or removal from a student’s current educational placement that is either:

  • Capital Adequacy Rule means any law, rule, regulation, guideline, directive, requirement or request regarding capital adequacy, or the interpretation or administration thereof by any governmental or regulatory authority, central bank or comparable agency, whether or not having the force of law, that applies to any Related Lender. Such rules include rules requiring financial institutions to maintain total capital in amounts based upon percentages of outstanding loans, binding loan commitments and letters of credit.

  • Mandatory Cost Rate means, with respect to any period, a rate per annum determined in accordance with Schedule 1.01.

  • Mandatory Costs means the percentage rate per annum calculated in accordance with Schedule 1.01(b).

  • LIBOR Determination Date With respect to any Interest Accrual Period for the LIBOR Certificates, the second London Business Day preceding the commencement of such Interest Accrual Period.

  • Change in 1940 Act Law shall have the meaning set forth in the definition of "Investment Company Event."

  • Section 502(b)(10) changes means changes that contravene an express permit term or condition. Such changes do not include changes that would violate applicable requirements or contravene federally enforceable permit terms and conditions that are monitoring (including test methods), recordkeeping, reporting, or compliance certification requirements.

  • Specific Change in Law means a Change in Law that relates specifically to the business of the Authority and which would not affect a Comparable Supply;

  • Capital Adequacy Requirement shall have the meaning given to that term in Section 2.11(d).

  • General Change in Law means a Change in Law where the change is of a general legislative nature (including taxation or duties of any sort affecting the Supplier) or which affects or relates to a Comparable Supply;

  • Increased Costs Any amounts required to be paid by the Borrower to an Indemnified Party pursuant to Section 2.12.

  • Multi-Exchange Index , if applicable, means each Reference Item specified under the heading "Underlying" in the Product Terms to be a Multi-Exchange Index.

  • Benchmark Replacement Conforming Changes means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “Base Rate,” the definition of “Interest Period,” timing and frequency of determining rates and making payments of interest and other administrative matters) that the Administrative Agent decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of the Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement).

  • Successor Rate Conforming Changes means, with respect to any proposed Successor Rate for an Applicable Currency, any conforming changes to the definition of Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other technical, administrative or operational matters (including, for the avoidance of doubt, the definition of Business Day, timing of borrowing requests or prepayment, conversion or continuation notices and length of lookback periods) as may be appropriate, in the discretion of the Administrative Agent, to reflect the adoption and implementation of such Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice for such Applicable Currency (or, if the Administrative Agent determines that adoption of any portion of such market practice for such Applicable Currency is not administratively feasible or that no market practice for the administration of such Successor Rate for such Applicable Currency exists, in such other manner of administration as the Administrative Agent determines is reasonably necessary in connection with the administration of this Agreement and any other Loan Document).

  • Increased Rate means, with respect to any Increased Rate Period for a Series of RVMTP Shares, the Index Rate for such Increased Rate Period plus an Applicable Spread of 5.92%.

  • Change in Law means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued.

  • Step Down Rating Change means the first public announcement by S&P and, if applicable, each other Rating Agency appointed by or with the consent of Heimstaden Bostad, after a Step Up Rating Change, that the credit rating of Heimstaden Bostad's senior unsecured long-term debt is at least BBB- in the case of S&P and, if applicable, at least Baa3 in the case of Moody's and at least BBB- in the case of Fitch with the result that, following such public announcement, no Rating Agency assigns a credit rating below the aforementioned levels or any equivalent rating. For the avoidance of doubt, any further increase in the credit rating of Heimstaden Bostad's senior unsecured long-term debt above BBB- in the case of S&P and, if applicable, at least Baa3 in the case of Moody's and at least BBB- in the case of Fitch and in respect of any other Substitute Rating Agency, an equivalent rating or above shall not constitute a further Step Down Rating Change;

  • Mandatory City Requirements means those City laws set forth in the San Francisco Municipal Code, including the duly authorized rules, regulations, and guidelines implementing such laws that impose specific duties and obligations upon Contractor.

  • VWAP Market Disruption Event means, with respect to any date, (A) the failure by the principal U.S. national or regional securities exchange on which the Common Stock is then listed, or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, the principal other market on which the Common Stock is then traded, to open for trading during its regular trading session on such date; or (B) the occurrence or existence, for more than one half hour period in the aggregate, of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to the Common Stock, and such suspension or limitation occurs or exists at any time before 1:00 p.m., New York City time, on such date.

  • Migratory child ’ means a child who made a qualify- ing move in the preceding 36 months:

  • SOFR Adjustment Conforming Changes means, with respect to any SOFR Rate, any technical, administrative or operational changes (including changes to the interest period, timing and frequency of determining rates and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Administrator decides, from time to time, may be appropriate to adjust such SOFR Rate in a manner substantially consistent with or conforming to market practice (or, if the Administrator decides that adoption of any portion of such market practice is not administratively feasible or if the Administrator determines that no market practice exists, in such other manner as the Administrator determines is reasonably necessary).

  • Extraordinary Events Any of the following conditions with respect to a Mortgaged Property (or, with respect to a Cooperative Loan, the Cooperative Apartment) or Mortgage Loan causing or resulting in a loss which causes the liquidation of such Mortgage Loan:

  • Extraordinary Circumstances means floods, snow, ice storms, tornadoes, earthquakes, or other