Right of Disposal. 3.1 The Account Holder hereby grants eSett an unconditional and exclusive right of disposal over the balance on the Pledged Cash Account, to be utilised in accordance with the Imbalance Settlement Agreement (with its Appendices).
Right of Disposal. If the Customer fails to remove the Products due to any reason whatsoever upon the expiry or termination of the Agreement in accordance with Clause 17.3, the Operator shall be entitled, by notice to the Customer, to remove the Products from the Storage Facilities to any place whether in or outside the Terminal and dispose of or destroy the Products in such manner as the Operator deems fit and at the risk and expense of the Customer and by rendering any surplus to the Customer to an account as notified by the Customer.
Right of Disposal. 16.1 FSL may without notice to the Customer, in such manner as FSL sees fit, sell or realise any or all Securities or other property held in the Account, cancel any open orders for the purchase or sale of Securities or other property or realise any collateral deposited with FSL at any time if upon the occurrence of any of the following:
Right of Disposal. 16.1 MSL may without notice to the Customer, in such manner as MSL sees fit, sell or realise any or all Securities or other property held in the Account, cancel any open orders for the purchase or sale of Securities or other property or realise any collateral deposited with MSL at any time if upon the occurrence of any of the following:
Right of Disposal. 36.1 Without prejudice to Article 35:
Right of Disposal. 4.8.1 Unless otherwise agreed herein, during the period when an investor holds any equity interests in the Company, the investor shall have the right to transfer in its own discretion all or part of its equity interests in the Company at any time; the Company and other shareholders shall give consent to the investor’s transfer of its equity interests if such consent is required by law; other shareholders hereby agree and represent that by signing this Agreement, they hereby give the investor in advance any form of consent or exemption required by law for equity transfer, and further agree that they are under an obligation to sign the relevant legal documents at the request of the investor to exempt or eliminate any restrictions that the investor may be subject to when selling its equity interests in the Company, provided that the Founding Shareholders may exercise the right of first refusal to purchase such equity interests on the same conditions. Notwithstanding the foregoing, if the investor transfers its equity interests to any of its Affiliates, the Founding Shareholders shall not be entitled to the right of first refusal. The Founding Shareholders shall sign all legal documents related to such equity transfer within thirty (30) days after receiving a written notice from the investor, and pay the equity transfer price to the investor in full. Any Founding Shareholders who fail to complete such purchase within the said period shall be deemed to have waived the right of first refusal with respect to such transfer.
Right of Disposal. The Account Holder hereby grants eSett an unconditional right of disposal over the balance on the Cash Account, to be utilized in accordance with the Imbalance Settlement Agreement / the Balancing Service Settlement Agreement (with its Appendices). The Account Holder irrevocably instructs and authorises, without any further permission from the Account Holder, the Settlement Bank to comply with the terms of any written notice or instruction relating to the Cash Account issued by eSett. The Settlement Bank may not oppose such notice or instruction or conduct any investigations regarding the validity of such notices or instructions save for a customary check that the instructions are given by an authorised party and, if applicable, any other checks required by applicable mandatory law, including but not limited to know-your-customer checks. The right of disposal under Section 2.1 may not be revoked or amended by the Account Holder and shall remain in effect until eSett has confirmed in writing that the account is no longer required for the Nordic Imbalance Settlement and the right of disposal can be revoked. For avoidance of doubt it is stated that the Account Holder has a parallel right of disposal over the balance on the Cash Account. In utilizing the funds on the Cash Account, the Account Holder shall follow the obligations set out in the Imbalance Settlement Agreement / the Balancing Service Settlement Agreement. The Bank is not required to monitor that said obligations are followed or obligated to indemnify eSett if the Account Holder utilizes the funds from the Cash Account against the Imbalance Settlement Agreement / the Balancing Service Settlement Agreement or other agreement made between the Account Holder and eSett. The Account Holder may not grant a third party a right of disposal, nor pledge the Cash Account or the funds on it to third parties. Pledge in favour of eSett Hereby the Account Holder chooses to post Cash Collateral as security for the Account Holder’s obligations towards eSett under the Imbalance Settlement Agreement / the Balancing Service Agreement by pledging a Cash Collateral Account in favour of eSett. The Account Holder hereby irrevocably and unconditionally, on the terms and conditions set out herein, grants a security interest in and pledges to eSett, all rights and interests in and to the Cash Collateral Account including both present and future credit balances and any interest accrued but not yet capitalised. The pledge shal...
Right of Disposal. 2.1 The Account Holder hereby grants the Clearinghouse unconditional right of disposal over the balance in the EUR Non-Pledged Cash Account, to be utilised in accordance with the Clearing Rules.
Right of Disposal the right of disposal and loss potential shall be transferred at the Delivery Point when the Contract takes effect, and at the the Return Point when the energy quantity equal to that of the Natural Gas Lent has been injected (entered into the unified storage facility).
Right of Disposal. 3.1 The Account Holder hereby grants Nord Pool unconditional right of disposal over the balance in the Pledged Settlement Account, to be utilised in accordance with the Rulebook. The Account holder is deprived of its right to use the funds standing to the credit of the Pledged Settlement Account and make any withdrawals therefrom, except as described in clause 3.4 below.
