QTE definition
Examples of QTE in a sentence
From and after the QTE Effective Date, the Company shall no longer have any obligation to deliver Ordinary Shares or any Approved Entity Shares, which shall be the obligation of the Approved Entity pursuant to the terms of the agreements or arrangements with the Trustee.
From and after the QTE Effective Date, the Company shall no longer have any obligation to deliver the Company’s ordinary shares or any Approved Entity Shares to the Conversion Shares Depository, which shall be the obligation of the Approved Entity pursuant to the terms of such agreements and arrangements with the Trustee entered into by the Approved Entity.
The Company shall pay the Manager the Make-Whole Amount, if any, in cash concurrently with the consummation of the Disposition that resulted in a QTE contemplated by Section 2.1(a) or Section 2.1(b) herein.
The Disposition Payment for any particular Disposition prior to a QTE shall be equal to the difference between (a) the aggregate Disposition Payment Amount for all Dispositions inclusive of such Disposition as determined under the calculations set forth on Exhibit A hereto (with respect to any such Disposition, the “Cumulative Disposition Payment Amount”) and (b) the total Disposition Payments paid to the Manager prior to such Disposition pursuant to this Agreement.
Notwithstanding the foregoing, in the event of a QTE, the Cumulative Disposition Payment Amount shall be deemed to be equal to the greater of (x) the amount determined under the calculations set forth on Exhibit A hereto, and (y) the sum of (i) $50 million plus (ii) 1.5% multiplied by Cumulative Proceeds in excess of $500 million.
OmniAir will also post all updates, amendments or additional requirements or qualification procedures or changes to its QTE List on its website.
OmniAir shall have no obligation or liability to Equipment Provider for changes to its requirements or procedures for QTE qualification and the QTE List for any reason.
It is contemplated that Equipment Provider may enter into multiple agreements to provide its QTE to one or more Test Laboratories.
This Agreement, together with the Manufacturing Preparation and Services Agreement, the Quality Agreement and each Purchase Order, constitutes the entire understanding between the parties, and supersedes any contracts, agreements or understandings (oral or written) of the parties, with respect to the subject matter hereof, including, for avoidance of doubt, that certain quotation letter (QTE- BRU 2012 059J) signed 12th October 2012 and the Binding Terms.
The Association shall have the right to use the District e-mail service, District mail service and mailboxes for communications to members of the bargaining unit.