Substitute Agreement definition

Substitute Agreement shall have the meaning set forth in Section 1(a)(i).
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Substitute Agreement means the corporate or other entity governance documents enacted by the Shareholders in the place of this Agreement, but incorporating the terms set forth herein, in the event the Shareholders decide to use a newly formed SPE to operate the Channahon Facility in the place of the Company.
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Substitute Agreement is defined in Section 22.1.
Sample 1

Examples of Substitute Agreement in a sentence

  • In the case of any Substitute Agreement substituted for an Incentive Stock Option, the holder of the option shall have the right to waive any of the foregoing limitations if it fails to meet the requirements of Section 424(a) of the Code or otherwise would disqualify the option as an Incentive Stock Option.

  • In addition, at Closing, Purchaser and Seller shall enter into a release of the CC4/CC6 Initial Agreement (the “CC4/CC6 Release”), which shall be in recordable form and held in escrow by the Escrow Agent pursuant to written instructions from Purchaser and Seller instructing the Escrow Agent to record the CC4/CC6 Release upon receipt of the CC4/CC6 Substitute Agreement.

  • To the extent that Licensee continues to have pre-payments available, the remaining pre-payment shall apply under the Substitute Agreement.

  • Licensee shall have the right to substitute for this Agreement the more favorable license agreement in its entirety (the "Substitute Agreement") and such substitution shall constitute a novation of this entire Agreement.

  • In addition, at Closing, Purchaser and Seller shall enter into a release of the CC1/CC3 Initial Agreement (the “CC1/CC3 Release”), which shall be in recordable form and held in escrow by the Escrow Agent pursuant to written instructions from Purchaser and Seller instructing the Escrow Agent to record the CC1/CC3 Release upon receipt of the CC1/CC3 Substitute Agreement.

  • If Licensee elects a Substitute Agreement, Licensee shall, as a condition precedent to the effectiveness of the Substitute Agreement, pay all royalties owed (or credit prepayments) based on this Agreement for Covered Subscriber Unit sales made prior to the date Licensee executes the Substitute Agreement.

  • UGE, in return for the consideration described and as contributed by the allocation set forth in Section 2.2, and otherwise herein is hereby transferred, or will be transferred, sold and granted by EFTI and the Company Thirty-Five (35), fully paid and non-assessable Shares of the Company’s common stock which represents thirty-five percent (35%) of the Company’s authorized and outstanding common stock(or the same proportion of shares under any Substitute Agreement).

  • In the ease of any Substitute Agreement substituted for an Incentive Stock Option, the holder of the option shall have the right to waive any of the foregoing limitations if it fails to meet the requirements of Section 424(a) of the Code or otherwise would disqualify the option as an Incentive Stock Option.

  • Seller acknowledges that to the extent Buyer is obligated under the Option Agreement or the Substitute Agreement to make to Equitable any or all of the representations and warranties (the "Option Representations") which are required to be made by the Transferor pursuant to Section 7 of the Option Agreement, Buyer shall be relying on the truthfulness and accuracy of the Option Representations as of Closing.

  • It is contemplated that Buyer and Equitable may enter into an amendment to the Option Agreement or a new agreement in substitution for the Option Agreement (the "Substitute Agreement").


More Definitions of Substitute Agreement

Substitute Agreement has the meaning ascribed to it in Section 1.4(b).
Sample 1

Related to Substitute Agreement

  • Substitute Servicing Agreement means a servicing agreement that contains servicing provisions which are the same as or more favorable to the Non-Lead Noteholders, in substance, to those in the Servicing Agreement (including, without limitation, all applicable provisions relating to delivery of information and reports necessary for any Non-Lead Securitization to comply with any applicable reporting requirements under the Securities Exchange Act of 1934, as amended) and all references herein to the “Servicing Agreement” shall mean such subsequent servicing agreement; provided, however, that if a Non-Lead Securitization Note is in a Securitization, then a Rating Agency Confirmation shall have been obtained from each Rating Agency with respect to such subsequent servicing agreement.

  • Substitution Agreement means the substitution agreement, substantially in the form set forth in the Schedules as entered into/ proposed to be entered into between the Authority, Developer, and the Lenders in relation to the substitution of the Developer with the Nominated Company in accordance with the Agreement;

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

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures in Annex 1A to the WTO Agreement;

  • Framework Agreement means the Clauses of this Framework Agreement together with the Framework Schedules and annexes to it;

  • Replacement Management Agreement means, collectively, (a) either (i) a management agreement with a Qualified Manager substantially in the same form and substance as the Management Agreement, or (ii) a management agreement with a Qualified Manager, which management agreement shall be reasonably acceptable to Lender in form and substance, provided, with respect to this subclause (ii), Lender, at its option, may require that Borrower shall have obtained prior written confirmation from the applicable Rating Agencies that such management agreement will not cause a downgrade, withdrawal or qualification of the then current rating of the Securities or any class thereof and (b) an assignment of management agreement and subordination of management fees substantially in the form then used by Lender (or of such other form and substance reasonably acceptable to Lender), executed and delivered to Lender by Borrower and such Qualified Manager at Borrower’s expense.

  • Substitute natural gas or "SNG" means a gas manufactured

  • SPS Agreement means the Agreement on the Application of Sanitary and Phytosanitary Measures which is a part of the WTO Agreement; Subheading means the first six digits in the tariff classification number under the HS; Territory means:

  • Substitute Aircraft Has the meaning specified in the NPA.

  • CMPPA Agreement means the CMPPA Agreement between the SSA and CHHS.

  • Purchase Agreement Assignment means that certain Purchase Agreement Assignment [NW 1997 J], dated as of March 18, 1998, between Lessee and Lessor, as the same may be amended, supplemented or modified from time to time, with a form of Consent and Agreement to be executed by the Manufacturer attached thereto.

  • Substitute care means the out-of-home placement of a child or young adult who is in the legal or physical custody and care of the Department.

  • TRIPS Agreement means the Agreement on Trade-Related Aspects of Intellectual Property Rights;

  • Substitute Check means a paper reproduction of an Item that satisfies the requirements and definition of "substitute check" set forth in Regulation CC.

  • Factoring Agreement means any factoring agreement by and between Borrower and/or any Restricted Subsidiary and a Factor.

  • Licence Agreement means an agreement (whether or not in writing) between the owner of student accommodation and a student giving a licence to the student;

  • Restructuring Agreement shall have the meaning set forth in the recitals.

  • Substitute Purchaser is defined in Section 21.

  • MCIP Agreement means the Agreement for the Development of a Joint County Industrial and Business Park (2010 Park) dated as of December 1, 2010, as amended, between the County and Xxxxxxxx County, South Carolina, as the same may be further amended or supplemented from time to time, or such other agreement as the County may enter with respect to the Project to offer the benefits of the Special Source Revenue Credits to the Company hereunder.

  • TBT Agreement means the Agreement on Technical Barriers to Trade, which is part of the WTO Agreement;

  • Novation Agreement means a legal instrument—

  • Refinancing Agreement as defined in Subsection 8.3(c).

  • O&M Agreement means the agreement(s), if any, between the Company and the O&M Contractor for the operation and maintenance of the Facility to be entered into between the Company and the O&M Contractor, as amended or superseded from time to time;

  • Support Agreement has the meaning set forth in the Recitals.

  • Substitute Mortgage Loan A Mortgage Loan substituted by the Seller for a Deleted Mortgage Loan which must, on the date of such substitution, as confirmed in a Request for Release, substantially in the form of Exhibit L, (i) have a Stated Principal Balance, after deduction of the principal portion of the Scheduled Payment due in the month of substitution, not in excess of, and not more than 10% less than the Stated Principal Balance of the Deleted Mortgage Loan; (ii) have an Adjusted Net Mortgage Rate not lower than the Adjusted Net Mortgage Rate of the Deleted Mortgage Loan, provided that the Master Servicing Fee for the Substitute Mortgage Loan shall be equal to or greater than that of the Deleted Mortgage Loan; (iii) have a maximum mortgage rate not more than 1% per annum higher or lower than the maximum mortgage rate of the Deleted Mortgage Loan; (iv) have a minimum mortgage rate specified in its related Mortgage Note not more than 1% per annum higher or lower than the minimum mortgage rate of the Deleted Mortgage Loan; (v) have the same mortgage index, reset period and periodic rate as the Deleted Mortgage Loan and a gross margin not more than 1% per annum higher or lower than that of the Deleted Mortgage Loan (vi) be accruing interest at a rate no lower than and not more than 1% per annum higher than, that of the Deleted Mortgage Loan; (iv) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (vii) have a remaining term to maturity no greater than (and not more than one year less than that of) the Deleted Mortgage Loan; (viii) not be a Cooperative Loan unless the Deleted Mortgage Loan was a Cooperative Loan and (ix) comply with each representation and warranty set forth in Section 2.3 hereof.

  • Construction Service Agreement means either an Interconnection Construction Service Agreement or an Upgrade Construction Service Agreement.