Replacement Contract definition

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.

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Replacement Contract means the contract which is deemed to arise between the Operator and a Replacement Shipper by clause 27.7 following the Transfer of Tradeable Capacity to the Replacement Shipper.

Replacement Contract has the meaning set forth in Section 6.5(b)(i).

Examples of Replacement Contract in a sentence

The commencement of an Insolvency Proceeding against any Borrower Entity or any Major Project Participant and such proceeding continues undismissed for thirty (30) days; provided, that in the case of a Major Project Participant that is party to a Replaceable Contract, no Event of Default shall occur under this clause (i) to the extent that the Borrower has replaced such Major Project Participant with a Replacement Contractor in accordance with the Replacement Contract Conditions.
The dissolution of any Borrower Entity or any Major Project Participant; provided, that in the case of any such Major Project Participant that is party to a Replaceable Contract, no Event of Default shall occur under this clause (iii) to the extent that the Borrower has replaced such Major Project Participant with a Replacement Contractor in accordance with the Replacement Contract Conditions.

More Definitions of Replacement Contract

Replacement Contract means a Contract signed with a Replacement Player pursuant to the Hardship Exception or Emergency Hardship Exception set forth in Article VII, Section 4.

Replacement Contract. Any agreement or combination of agreements made by the Bank to substitute an obligor or obligors with respect to the PFI’s Credit Enhancement, including without limitation, a substitute credit enhancement structure, acceptable (in the Bank’s sole discretion) to the Bank, which obligors may include, but are not limited to, one or more other PFIs, mortgage guaranty insurers, surety companies or any other type of entity or structure that will result in the Bank having the equivalent quality and amount of credit enhancement coverage as provided by the PFI under Article IV with respect to each Master Commitment.

Replacement Contract has the meaning set forth in Section 2.07.

Replacement Contract shall have the meaning set forth in Section 2.5(h).

Replacement Contract means any individual annuity contract with respect to which a Sales Agent earns a commission and which is (i) issued by American Equity or an Affiliate to an insured coincident with, or within six months (or such longer period as American Equity may determine in accordance with its normal business procedures) after, the termination for any reason of an Eligible Contract with the same insured, or (ii) any other individual annuity contract issued by American Equity to an insured that American Equity in good faith in accordance with its normal business procedures considers to be a replacement for a terminated Eligible Contract with the same insured.

Replacement Contract. A Contract substituted by the Depositor or the related Servicer for a Deleted Contract which must, on the date of such substitution, meet the requirements specified in the related Reference Agreement. Such substitution must take place within the time period specified in the Reference Agreement and must satisfy the terms and conditions for substitution set forth therein.

Replacement Contract means, with respect to any Contract, any alternative or replacement contract with a different counterparty providing substantially the same goods and services as such Contract and on substantially the same terms (subject to any change that may be required by applicable Law, including health and safety regulations).