Purchasing Institution definition
Examples of Purchasing Institution in a sentence
Such Institutional Transfer Supplement shall be deemed to amend this Agreement to the extent, and only to the extent, necessary to reflect the addition of such Purchasing Institution as a Institution party hereto and the resulting adjustment of Commitment Percentages and Commitments arising from the purchase by such Purchasing Institution of all or a portion of the rights and obligations of such transferor Institution under this Agreement and the Institutional Note or Notes held by it.
Such Commitment Transfer Supplement shall be deemed to amend this Agreement to the extent, and only to the extent, necessary to reflect the addition of such Purchasing Institution and any resulting adjustment of the Commitment Percentages arising from the purchase by such Purchasing Institution of all or a portion of the rights and obligations of such transferor Lender under this Agreement and the Notes.
On or prior to the Transfer Effective Date specified in such Commitment Transfer Supplement, the Company shall execute and deliver to the Agent, in exchange for the surrendered Note or Notes, a new Note or Notes to the order of such Purchasing Institution in an amount equal to the Commitment or Commitments assumed by it pursuant to such Commitment Transfer Supplement and a new Note or Notes to the order of such transferor Lender in an amount equal to the Commitment or Commitments retained by it hereunder.
Whenever a Purchasing Institution submits a purchase order, access to the Purchased Content concerned will begin and an invoice will be generated for the relevant fee(s).
There are no contractual limits on the number of Authorized Users from the Purchasing Institution.
Purchasing Institution shall comply with all export laws and restrictions and regulations of the United States or foreign agencies or authorities, and shall not export or re-export the REPOSITORY DATA SET(S) in violation of any such restrictions, laws or regulations, or without all necessary approvals.
In the event that, within 24 months after the purchase of any collection, the MIT Press delivers fewer titles than were guaranteed at the time of purchase, the Purchasing Institution will be issued a pro rata credit based on the percentage that the number of undelivered titles represents of the guaranteed number of titles.
This Agreement shall inure to the benefit of and bind successors and permitted assigns of Vanderbilt and Purchasing Institution.
The disclaimers and limitations stated here apply not only to the Purchasing Institution as such but to all Authorized Users.
Purchasing Institution shall not assign or transfer this Agreement or any of its rights or obligations hereunder, whether by operation of law or otherwise, without the prior written consent of Vanderbilt.