Pass-Down Provisions definition

Pass-Down Provisions has the meaning set out in Section 1.8;
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Examples of Pass-Down Provisions in a sentence

  • The parties agree to abide by the determination under the Project Agreement, and neither party will exercise any rights under this Project Implementation Agreement to dispute the final determination arising under the Project Agreement, other than in accordance with the Pass-Down Provisions.

  • Project Co agrees to enforce its contractual rights under Section 3.10 of the Project Agreement against the Authority in accordance with the Pass-Down Provisions.

  • Operations Co acknowledges that the Authority may require Minor Works in accordance with Schedule 6 [Changes, Minor Works and Innovation Proposals] to the Project Agreement and agrees that it will be responsible to fulfill all obligations of and receive all payments (other than any portion of such payments related to Senior Debt Service Amounts) to Project Co thereunder in accordance with Schedule 6 [Changes, Minor Works and Innovation Proposals] to the Project Agreement and the Pass-Down Provisions.

  • If the Project Agreement is terminated in accordance with Section 6.4 thereof, this Project Implementation Agreement will automatically terminate and Operations Co will, subject to the Pass-Down Provisions, be entitled to compensation on termination as provided in Section 4 of Schedule 9 [Compensation on Termination].

  • Operations Co acknowledges the provisions of Section 8 of the Project Agreement and agrees that its rights in relation to Supervening Events, and any claims it may have or make in respect thereof, are subject to the Pass-Down Provisions.

  • Project Co agrees to enforce its contractual rights under Section 4.15 of the Project Agreement against the Authority in accordance with the Pass-Down Provisions.

  • Operations Co acknowledges the provisions of Section 4.10(b) of the Project Agreement and, to the extent appropriate, Project Co agrees to enforce its contractual rights under Section 4.10(b) of the Project Agreement against the Authority in accordance with the Pass-Down Provisions.

  • In all other cases, any actions of the Authority under Sections 11.1 and 11.2 will, subject to the Pass-Down Provisions, constitute a Compensation Event.

  • Project Co agrees to enforce its contractual rights under Section 3.4 of the Project Agreement against the Authority in accordance with the Pass-Down Provisions.

  • The parties agree to abide by the determination under the Project Agreement of whether a Supervening Event has occurred, whether the conditions in Section 8.2(f) above have been satisfied or the extent of relief or compensation to which the affected party is entitled, and neither party will exercise any rights under this Project Implementation Agreement to dispute the final determination arising under the Project Agreement in respect thereof, other than in accordance with the Pass-Down Provisions.

Related to Pass-Down Provisions

  • Redemption Provisions Initial Redemption Date: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Repayment Provisions: Optional Repayment Date(s):

  • MFN Provision has the meaning specified in Section 2.14(b).

  • Subordination Provisions has the meaning specified in Section 8.01(l).

  • Specific Redemption Provisions means, with respect to a Special Dividend Period either, or any combination of, (i) a period (a "Non-Call Period") determined by the Board of Directors of the Corporation, after consultation with the Auction Agent and the Broker-Dealers, during which the shares of AMPS subject to such Dividend Period shall not be subject to redemption at the option of the Corporation and (ii) a period (a "Premium Call Period"), consisting of a number of whole years and determined by the Board of Directors of the Corporation, after consultation with the Auction Agent and the Broker-Dealers, during each year of which the shares of AMPS subject to such Dividend Period shall be redeemable at the Corporation's option at a price per share equal to $25,000 plus accumulated but unpaid dividends plus a premium expressed as a percentage of $25,000, as determined by the Board of Directors of the Corporation after consultation with the Auction Agent and the Broker-Dealers.

  • Letter of Representations means any applicable agreement among the Corporation, the Depositary and a Global Receipt Depository with respect to such Global Receipt Depository’s rights and obligations with respect to any Global Registered Receipts, as the same may be amended, supplemented, restated or otherwise modified from time to time and any successor agreement thereto.