Back-to-back agreement Sample Clauses

Back-to-back agreement. The Processor shall ensure that all subprocessors are obligated toward the Processor in the same manner as the Processor is obligated toward the Controller under this DPA. The Processor shall check the compliance of subprocessors with their obligations, in particular the compliance with the agreed technical and organizational measures, prior to the start of data processing and at regular intervals thereafter.
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Back-to-back agreement. 3.1 As soon as this clause becomes effective under clause 2 above, the Subcontractor shall discharge in full all the duties imposed upon the Main Contractor in the Main Contract and the Subcontractor shall have in full all the rights, privileges, options and protections that the Main Contractor has in the Main Contract except as further provided in this agreement.
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Back-to-back agreement. Dynegy Marketing and Trade, LLC and Purchaser or Purchaser’s designee shall have entered into the Back-to-Back Agreement.
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Back-to-back agreement. (a) The Parties agree that if (i) a Consent to Assignment and Release, and/or (ii) any Seller Regulatory Approvals and/or Buyer Regulatory Approvals, as applicable, in each case with respect to a Sourcing Contract is not obtained before the Closing, the Parties shall, unless mutually agreed otherwise, enter into a Back-to-Back Agreement at the Closing in accordance with this Section 2.4 with respect to each such Sourcing Contract (collectively, the "Backed Transactions").
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Back-to-back agreement. Innogy will use reasonable endeavours to procure that at Completion, AEP Resources Inc. will enter into an agreement with Northern or a member of the Northern Group nominated by Northern (a "NOMINEE"), in form satisfactory to such parties acting reasonably, under which AEP Resources Inc. will undertake to exercise all its rights under any documents to which it is a party in respect of the $275 million Junior Subordinated Debentures at 8.08% issued by Yorkshire Power Finance Limited as agent and trustee for Northern (or such nominee) and act in accordance with the directions of Northern (or such nominee) subject to AEP Resources Inc. being indemnified by Northern (or such nominee) in respect of any actions taken by it pursuant to such directions.
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Related to Back-to-back agreement

  • Termination of Repurchase Option Sections 2, 3, 4 and 5 of this Agreement shall terminate upon the exercise in full or expiration of the Repurchase Option, whichever occurs first.

  • Payment of Repurchase Price The Repurchase Price shall be payable, at the option of the Company or its assignee(s), by check or by cancellation of all or a portion of any outstanding purchase money indebtedness owed by Participant to the Company, or such assignee, or by any combination thereof. The Repurchase Price shall be paid without interest within sixty (60) days after exercise of the Repurchase Option.

  • Payment of Option Price The purchase price of Common Stock upon exercise of this Option shall be paid in full to the Corporation at the time of the exercise of the Option in cash or by the surrender to the Corporation of shares of previously acquired Common Stock which shall have been held by the Participant for at least six (6) months and which shall be valued at Fair Market Value on the date the Option is exercised, or by a combination of cash and such Common Stock.

  • Noteless Agreement; Evidence of Indebtedness (i) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder.

  • Payment of Award The Performance Shares that may become payable pursuant to this Award Agreement shall be based upon the highest performance determined in accordance with the provisions of Section 4 or, in the event of a Change in Control prior to the Final Measurement Date, based on performance at the level determined in accordance with the provisions of Section 3.4. In other words, the attainment of multiple performance measures under this Award Agreement will not result in the payment of a cumulative number of Performance Shares for each performance measure achieved. Payment of the Award, to the extent earned, shall be made as follows:

  • Acceleration of Option Notwithstanding any other provision of this Agreement to the contrary, the Option granted hereby shall become immediately exercisable upon the occurrence of a Change in Control (as hereinafter defined) of the Corporation if Optionee is an employee of the Corporation or any of its subsidiaries on the date of the consummation of such Change in Control. For purposes of this Section 4.2, a “Change in Control” means the occurrence of any of the following events:

  • Termination of Option (a) Any unexercised portion of the Option shall automatically and without notice terminate and become null and void at the time of the earliest to occur of:

  • Release of Shares From Repurchase Option (a) 25% of the Shares shall be released from the Company’s repurchase option one year after the date of this Agreement, 25% of the Shares shall be released from the Company’s repurchase option two years after the date of this Agreement, 25% of the Shares shall be released from the Company’s repurchase option three years after the date of this Agreement, and the remaining 25% of the Shares shall be released from the repurchase option four years after such date, subject to Director continuing to be a Service Provider on such dates.

  • Payment of Consideration The Consideration shall be paid to the Contributor in the following manner:

  • Termination of Subordination Period, Conversion of Subordinated Units and Extinguishment of Cumulative Common Unit Arrearages Notwithstanding any provision of this Agreement, if the General Partner is removed as general partner of the Partnership under circumstances where Cause does not exist and Units held by the General Partner and its Affiliates are not voted in favor of such removal, (i) the Subordination Period will end and all Outstanding Subordinated Units will immediately and automatically convert into Common Units on a one-for-one basis, (ii) all Cumulative Common Unit Arrearages on the Common Units will be extinguished and (iii) the General Partner will have the right to convert its General Partner Interest and its Incentive Distribution Rights into Common Units or to receive cash in exchange therefor in accordance with Section 11.3.

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