Delta Obligations Clause Samples

The DELTA OBLIGATIONS clause defines the responsibilities of parties regarding the management and settlement of changes in value, often related to financial instruments or derivatives. In practice, this clause outlines how parties must calculate, report, and settle any differences (deltas) that arise due to fluctuations in the underlying asset's value or position. For example, it may require daily or periodic adjustments to collateral or payments to ensure that exposures remain balanced. The core function of this clause is to ensure that both parties remain protected against market movements by promptly addressing value changes, thereby minimizing credit risk and maintaining financial stability in the transaction.
Delta Obligations. In addition to its other obligations hereunder, during the Term: (a) Delta shall, and shall cause each other Delta Service User to, cooperate with Worldspan in the performance of Worldspan’s obligations hereunder, including without limitation, and in each instance subject to normal security requirements and in a manner that is not unnecessarily disruptive to that Delta Service User’s business operations, by: (1) Providing to Worldspan such information, data, access to premises, management decisions, approvals and acceptances as may be reasonable to permit Worldspan to provide Airline Services hereunder. (2) Not abusing or misusing the Worldspan System, any of the components thereof, or any of the capabilities provided thereby. (b) Upon the reasonable request of Worldspan from time to time, Delta shall provide to Worldspan, with the reasonable cooperation and assistance of Worldspan, (i) a list, by Service User category, of the names and addresses of all the Delta Service Users to which Airline Services are being provided as of that time, and/or (ii) a list of all locations where Airline Services are being provided to the Delta Service Users as of that time, designating in such list those locations which are for Delta, subsidiaries of Delta, Common Designators, Direct Connects, General Sales Agents and Tour Operators.
View Source
Delta Obligations 
View SourceView Similar (6)

Related to Delta Obligations

  • ▇▇▇▇▇ OBLIGATIONS A ▇▇▇▇▇▇▇'s acceptance of funds directly under the Grant or indirectly through a subaward acts as acceptance of the authority of the State, under the direction of the legislative audit committee, to conduct an audit or investigation in connection with those funds. In accordance with the legislative audit committee, DFPS can request any documentation, at any time, to be sent to DFPS to a location DFPS chooses. Examples of documentation that DFPS may request include, but are not limited to: 1. Participant files in their entirety. This includes, but is not limited to: a. Progress notes. b. Action plans. c. Registration forms. d. Surveys. e. Sign-in sheets. f. Monthly tracking forms.

  • Valid Obligations The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate action and each represents a legal, valid and binding obligation of Borrower and is fully enforceable according to its terms, except as limited by laws relating to the enforcement of creditors' rights.

  • Surety Obligations No Borrower or Subsidiary is obligated as surety or indemnitor under any bond or other contract that assures payment or performance of any obligation of any Person, except as permitted hereunder.

  • Excluded Obligations Notwithstanding anything to the contrary expressed or implied in the Debt Documents, the Security Agent shall not: (a) be bound to enquire as to (i) whether or not any Default has occurred or (ii) the performance, default or any breach by a Debtor or a Security Grantor of its obligations under any of the Debt Documents; (b) be bound to account to any other Party for any sum or the profit element of any sum received by it for its own account; (c) be bound to disclose to any other person (including but not limited to any Secured Party) (i) any confidential information or (ii) any other information if disclosure would, or might in its reasonable opinion, constitute a breach of any law or be a breach of fiduciary duty; and (d) have or be deemed to have any relationship of trust or agency with, any Debtor.

  • Seller Obligations Seller shall (A) arrange and pay independently for any and all necessary costs under any Generator Interconnection Agreement with the Participating Transmission Owner; (B) cause the Interconnection Customer’s Interconnection Facilities, including metering facilities, to be maintained; and (C) comply with the procedures set forth in the GIP and applicable agreements or procedures provided under the GIP in order to obtain the applicable Electric System Upgrades and (D) obtain Electric System Upgrades, as needed, in order to ensure the safe and reliable delivery of Energy from the Project up to and including quantities that can be produced utilizing all of the Contract Capacity of the Project.