Replacement Agreement definition

Replacement Agreement means an agreement entered into as a replacement for any Relevant Agreement;

Replacement Agreement shall have the meaning set forth in Paragraph 2(b) hereof.

Replacement Agreement means, with respect to any Credit Agreement, one or more credit agreements evidencing the Refinancing of such Credit Agreement, but only if each such credit agreement is designated as a "Replacement Agreement" for purposes of this Agreement by NNI or NNL, as the case may be.

Examples of Replacement Agreement in a sentence

• If the Arrow Board and the Bank Boards shall determine to offer such a Replacement Agreement to the Executive and the Executive shall accept, this Agreement shall terminate at 11 :59 p.m. on the day prior to the commencement date of the Replacement Agreement and the Replacement Agreement shall take effect at 12:00 midnight on such commencement date.

• Any transferee under Section 1.6 shall expressly assume in a writing reasonably satisfactory to SCE all of the obligations of Project Company, Substitute Owner or Replacement Owner under the Agreement or Replacement Agreement, as applicable, including posting and collateral assignment of the Agreement Collateral.

• Notwithstanding the execution and delivery of a Replacement Agreement, to the extent SCE is, or was otherwise prior to its termination as described in this Section 1.5, entitled under the Agreement, SCE may suspend performance of its obligations under such Replacement Agreement, unless and until all Agreement Defaults of Project Company under the Agreement or Replacement Agreement have been cured.

• Upon such assignment and the cure of any outstanding Agreement Default, and payment of all other amounts due and payable to SCE in respect of the Agreement or such Replacement Agreement, the transferor shall be released from any further liability under the Agreement or Replacement Agreement, as applicable.

• On or before each anniversary of February 1, beginning February 1, 2025 (the "Anniversary Date"), each of the Arrow Board and the Bank Boards, will consider and vote upon a proposal to extend to the Executive an offer to replace this Agreement with a new employment agreement (the "Replacement Agreement") commencing on the date of such anniversary.

More Definitions of Replacement Agreement

Replacement Agreement means any agreement identical to this Agreement excluding Sections 2.06, 7.04(i), 12.22, 12.23, 12.24, 12.25 and 12.26 together with such additional changes as Seller and Department shall mutually agree. Such Replacement Agreement shall state that it is a Replacement Agreement within the meaning of this Agreement and that it constitutes a novation for which there is adequate consideration. "Replacement Contract" means a contract having a term, quantity, delivery rate, delivery point and product substantially similar to the remaining Term, quantity, delivery rate, Delivery Point and product to be provided under this Agreement.

Replacement Agreement shall have the meaning set forth in Paragraph 2(b) hereof. (x) “Retired Early Employee” shall have the meaning set forth in Paragraph 6 hereof. (y) “Retirement” shall have the meaning set forth in Paragraph 7(f)(i) hereof. (z) “Section 4999 Determination” shall have the meaning set forth in Paragraph 6(g)(ii) hereof. (aa) “Target Bonus” shall have the meaning set forth in Paragraph 5(b) hereof. (bb) “Term” shall have the meaning set forth in Paragraph 2(a) hereof. (cc) “Termination of Employment” or “Termination of Employment of Executive” means the separation from service of the Executive, as defined in the regulations under Section 409A of the Code, with and from Arrow and its Affiliates. Generally, for purposes of Section 409A, a separation from service means a decrease in the performance of services to no more than 20% of the average for the preceding 36-month period, disregarding leaves of absence of up to six months where there is a reasonable expectation the Executive will return. (dd) “Termination of Employment of Executive as a Retired Early Employee” means a Termination of Employment of Executive pursuant to Paragraph 6(a) hereof, that is, either a Termination of Employment of Executive without Cause or a Termination of Employment of Executive for Good Reason, in either case, following a Change in Control and otherwise meeting the requirements of Paragraph 6(a) hereof. (ee) “Termination of Employment of Executive for Cause” shall mean a termination of the Employment of Executive by Arrow and/or the Bank pursuant to Paragraph 7(a) for any one or more of the following “Causes:” (i) any willful misconduct by the Executive which is materially injurious to Arrow or the Bank or their Affiliates, monetarily or otherwise;

Replacement Agreement means any Additional Agreement that is (i) entered into by a Borrower Group Company in replacement of any Material Agreement, (ii) in form and substance reasonably satisfactory to the Administrative Agent and (iii) is with one or more Replacement Obligors.

Replacement Agreement means an agreement between Seller and a third party with a substantially similar eligible load as Buyer and meeting the qualifications listed in Section 12.3 whereby the third party assumes Buyer’s obligations under this Agreement for the all or a portion of the remaining Term following Buyer’s termination of this Agreement.

Replacement Agreement has the meaning set forth in Section 7 hereof.

Replacement Agreement means the agreement to be executed between MSRDC, Contractor, SPV and Financial Institution for replacing contractor viz, the selectee.

Replacement Agreement means the account document executed when an account owner requests changes to the ownership or authorized parties on a particular account.