Special Obligations definition
Examples of Special Obligations in a sentence
If the Executives employment is terminated by reason of the Executive's Disability during the Effective Period, this Agreement shall terminate without further obligations to the Executive, other than for timely performance of the Special Obligations, payment of Accrued Obligations and payment or provision of Other Benefits.
In addition, under certain circumstances, the holders of the Health Care Notes will be entitled to payment of certain Series Special Obligations and other amounts pursuant to the Indenture and the Supplement.
If the Executive's employment is terminated by reason of the Executive's death during the Effective Period, this Agreement shall terminate without further obligations to the Executive's legal representatives under this Agreement, other than for timely performance of the Special Obligations, payment of Accrued Obligations and payment or provision of Other Benefits.
In the event of non-payment of the Commission for Financial Collaboration in the manner established in this Clause, the CLIENT will be subject to the sanctions provided for in this Instrument and in the "PROVISIONS APPLICABLE TO BNDES AGREEMENTS" mentioned in Clause Fourteen (Special Obligations of the CLIENT) of this Agreement.
If the Executive's employment is terminated by reason of the Executive's Disability during the Effective Period, this Agreement shall terminate without further obligations to the Executive, other than for timely performance of the Special Obligations, payment of Accrued Obligations and payment or provision of Other Benefits.
The following obligations constitute "Series Special Obligations" for purposes of this Supplement.
Any claims for Damages with respect to the Special Obligations shall be satisfied first from the Special Escrow Fund and then, if the Special Escrow Fund is insufficient, from the General Escrow Fund.
The Escrow Shares held in the Escrow -------------- Account are the sole source of recovery by Purchaser Indemnified Parties for any Purchaser Losses pursuant to this Article IX, except with respect to Purchaser Losses arising under the Special Obligations.
The General Escrow Fund and the Special Escrow Fund shall be the exclusive means for the Buyer to collect any Damages for which it is entitled to indemnification with respect to the Special Obligations.
Paragraph Two – From the second calendar year following the signature of the contract, if the calculated values of indemnification are lower than the compensation amounts calculated for the previous calendar year, that difference shall be considered as a remunerative investment by the DISTRIBUTOR at the time of its tariff revision, being the accounted value considered in the account Obligations Linked to the Public Service of Electric Energy (Special Obligations).