Substitution Rights definition

Substitution Rights means the rights of the Debenture Trustee and the Debenture Holders, without prejudice to any other rights or remedies available to the Debenture Trustee and the Debenture Holders under Applicable Law or under the Debenture Documents, and without being required to exercise or exhaust such rights or remedies, to seek substitution of the Issuer in the Project Documents by any Person or entity (as selected by the Debenture Trustee) for the residual period, in accordance with the provisions of the Project Documents, and to approach all Project Participants and any relevant Government Authority in this regard, such that the aforesaid Person or entity shall have the right to claim the benefits of all rights, entitlements, claims and powers of the Issuer under the Project Documents in relation to the Project and shall have be entitled to perform the obligations of the Issuer under such Project Documents in relation to the Project.
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Substitution Rights shall have the meaning provided in the Acquisition Agreement.
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Substitution Rights means the Cash Substitution Right and the Benefit Plan Substitution Right;
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Examples of Substitution Rights in a sentence

  • In addition to these Interfaces, the SI acknowledges that the Open Architecture requirements for the NFPS shall permit the MTA, in the manner specified in Section 3.2 (MTA Substitution Rights and Rights to Add), to include Qualified MTA-Substituted Products in the NFPS or otherwise in New MTA-Provided Systems.

  • Consistent with the Open Architecture requirements for the NFPS, the MTA shall be entitled to designate MTA- Provided Systems for use and inclusion in the NFPS in the manner specified in Section 3.2 (MTA Substitution Rights and Rights to Add), and the SI shall implement NFPS Interfaces to permit interoperability with and integration of such MTA-Provided Systems similarly in the manner specified in Section 3.2 (MTA Substitution Rights and Rights to Add).

  • The distinction between Substitution Products, Verified Additional Products and Change-Order Additional Products is determined by means of the Substitution Product Specifications and the Verification Process, as further described in this Section 3.2 (MTA Substitution Rights and Rights to Add).

  • The SI hereby agrees that use of Qualified MTA-Substituted Products shall not void or alter the SI's System Warranty and Support Obligations, under the conditions set out in Section 3.2 (MTA Substitution Rights and Rights to Add), and shall not degrade or detract from the KPIs or Service Levels, again, under the conditions set out in Section 3.2 (MTA Substitution Rights and Rights to Add).

  • There are three (3) categories of additions, substitutions, upgrades, and replacements for NFPS Hardware and NFPS Software that the MTA is permitted to make under this Section 3.2 (MTA Substitution Rights and Rights to Add): (i) those that constitute Substitution Products; (ii) those that constitute Verified Additional Products; and (iii) those that constitute Change-Order Additional Products (collectively, the "Qualified MTA-Substituted Products").

  • By way of clarification, and not limitation, (1) the MTA's right to add, substitute, upgrade, and replace NFPS components pursuant to Section 3.2 (MTA Substitution Rights and Rights to Add) means and shall be interpreted as allowing the MTA to add, substitute, upgrade, and replace NFPS components in use by it or any other MTA Group entity, and (2) the MTA shall have the right to purchase additional NFPS Equipment for itself and for any other MTA Group entity.

  • The MTA shall have the right at any time to add, substitute, upgrade, and replace NFPS components with functionally equivalent components from alternative vendors in the manner set out in this Section 3.2 (MTA Substitution Rights and Rights to Add).


More Definitions of Substitution Rights

Substitution Rights means the rights of the Debenture Trustee and the Debenture Holders, without prejudice to any other rights or remedies available to the Debenture Trustee and the Debenture Holders under Applicable Law or under the Debenture Documents, and without being required to exercise or exhaust such rights or remedies, to seek substitution of the Issuer in the Project Documents by any Person or entity (as selected by the DebentureTrustee) for the residual period, in accordance with the provisions of the Project Documents, and to approach all Project Participants and any relevant Government Authority in this regard, such that the aforesaid Person or entity shall have the right to claim the benefits of all rights, entitlements, claims and powers of the Issuer under the Project Documents in relation to the Project and shall have be entitled to perform the obligations of the Issuer under such Project Documents in relation to the Project.
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Related to Substitution Rights

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • Stock Appreciation Rights or “SAR” means a right granted to a Participant under Section 6(c).

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Stock Appreciation Right or “SAR” means a right to receive the appreciation on Common Stock that is granted pursuant to the terms and conditions of Section 5.

  • Stock Appreciation Rights Agreement means a written agreement between the Company and a Holder with respect to an Award of Stock Appreciation Rights.

  • Substitution Period shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Tandem Stock Appreciation Right means the right to surrender to the Company all (or a portion) of a Stock Option in exchange for an amount in cash and/or stock equal to the difference between (i) the Fair Market Value on the date such Stock Option (or such portion thereof) is surrendered, of the Common Stock covered by such Stock Option (or such portion thereof), and (ii) the aggregate exercise price of such Stock Option (or such portion thereof).

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

  • Stock Appreciation Right Agreement means a written agreement between the Company and a holder of a Stock Appreciation Right evidencing the terms and conditions of a Stock Appreciation Right grant. Each Stock Appreciation Right Agreement will be subject to the terms and conditions of the Plan.

  • Substitution Date has the meaning specified in Paragraph 4(d)(ii).

  • Substitution Notice has the meaning specified in Section 2.17 (Substitution of Lenders).

  • CONCURRENT STOCK APPRECIATION RIGHT or "CONCURRENT RIGHT" means a right granted pursuant to subsection 8(b)(2) of the Plan.

  • Limited Stock Appreciation Right means an Award of a limited Tandem Stock Appreciation Right or a Non-Tandem Stock Appreciation Right made pursuant to Section 7.5 of this Plan.

  • Free-Standing Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is not granted in tandem with an Option Right.

  • Substitution or “substitute” shall mean materials, products, equipment, assemblies, or installation methods deviating in at least one characteristic (physical, functional, or aesthetic) from those specified, but which in the opinion of the bidder would improve competition and/or enhance the finished installation. Acceptance of substitution is subject to the approval of the Designer and owner.

  • Substitute Limited Partner means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.03 hereof.

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • Tandem or “Tandem Switch” means a physical or logical switching entity that has billing and recording capabilities and is used to connect and switch trunk circuits between and among End Office Switches and between and among End Office Switches and carriers’ aggregation points, points of termination, or points of presence, and to provide Switched Exchange Access Services.

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

  • INDEPENDENT STOCK APPRECIATION RIGHT or "INDEPENDENT RIGHT" means a right granted pursuant to subsection 8(b)(3) of the Plan.

  • Substitution Amount The amount, if any, by which the Scheduled Principal Balance of a Deleted Mortgage Loan exceeds the Scheduled Principal Balance of the related Qualifying Substitute Mortgage Loan, or aggregate Scheduled Principal Balance, if applicable, plus unpaid interest thereon, any related unpaid Advances or Servicing Advances or unpaid Servicing Fees and the amount of any costs and damages incurred by the Trust Fund associated with a violation of any applicable federal, state or local predatory or abusive lending law in connection with the origination of such Deleted Mortgage Loan.

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

  • Stock Appreciation Right” or “SAR means a stock appreciation right awarded under the Plan as provided in Section 8.

  • Acceleration Right means the Participant’s right, in certain circumstances, to exercise its outstanding Option as to all or any of the Common Shares in respect of which such Option has not previously been exercised and which the Participant is entitled to exercise, including in respect of Common Shares not otherwise vested at such time;

  • Substitute Option means an Option granted in substitution for, or upon the conversion of, an option granted by another entity to purchase equity securities in the granting entity.

  • Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.