Parallel definition
Examples of Parallel in a sentence
The parties hereto acknowledge and agree that, for purposes of a Dutch Pledge, any resignation by the Administrative Agent is not effective until its rights under the Parallel Debt are assigned to the successor Administrative Agent.
Any costs associated with the formation and administration of a Parallel Fund will be paid by the investors in the Parallel Fund.
Seller shall obtain and maintain all distribution, transmission and interconnection rights and agreements (including all Governmental Authority approvals) required to enable Parallel Operation of the Generating Facility with the Transmission Provider’s electric system and the applicable Control Area operator’s electric grid and to effect Scheduling of the electric energy from the Generating Facility and transmission and delivery to the Delivery Point.
The Parallel Fund may consist of certain investors who for a variety of reasons may not wish to participate in the investments through the Company.
Parallel structures may still be required where there is no existing function, where existing structures are not adequate for a particular function, initiative, or area of focus, or where they are necessary because of legal or regulatory requirements.