Principle for Transfer of Obligations Sample Clauses

Principle for Transfer of Obligations. In accordance with Art 3.5, XXXX allows the Supplier to transfer part of or all of his R2 Obligations to one or several Counterpart Supplier(s). Similarly, the Supplier may agree to make an additional quantity of Secondary Control Power available to XXXX as a result of a Transfer of Obligations from a Counterpart Supplier to the Supplier. Intraday Transfer of Obligation process in case of a Forced Outage will be applicable from 1st January 2017 on. Since only Confirmed Transfers of Obligation will be considered as valid by XXXX, the present Annex lays down the conditions under which the Transfer of Obligations may occur and defines the rules and procedure that XXXX, the Supplier and the Counterpart Supplier must respect in order to notify and validate said transfers. All procedures regarding the Transfer of Obligations and the tools are explained and illustrated with examples on our website. (xxx.xxxx.be)
Sample 1
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Principle for Transfer of Obligations. In accordance with Chapter 5, XXXX allows the BSP to transfer part of or his entire Obligation to one or several Counterpart BSP(s). Similarly, the BSP may agree to make an additional quantity of FCR Power available to XXXX as a result of a Transfer of Obligations from a Counterpart BSP to the BSP. Since only Confirmed Transfers of Obligation will be considered as valid by XXXX, the present Annex lays down the conditions under which the Transfer of Obligations may occur and defines the rules and procedure that XXXX, the BSP and the Counterpart BSP must respect in order to notify and validate said transfers. As long as the Transfer of Obligations is not confirmed by XXXX, the FCR Power Obligation remains with the BSP. BSPs arrange between themselves how, when and at what price a BSP takes over obligations from a Counterpart BSP. All procedures regarding the Transfer of Obligations and the tools are explained and illustrated with examples on XXXX’x website (xxx.xxxx.be).
Sample 1

Related to Principle for Transfer of Obligations

  • Duration of Obligations The Manager’s obligation to provide Disentanglement Services will continue during the period commencing on the date that a Termination Notice is delivered and ending on the date on which the Successor Manager or the re-engaged Manager assumes all of the obligations of the Manager hereunder (the “Disentanglement Period”).

  • Termination of Obligations Termination of this Agreement pursuant to Section 10.1 hereof shall terminate all obligations of the parties hereunder, except for the obligations under Article IX, Article X, and Sections 11.4, 11.7, 11.14, 11.15 and 11.16 hereof; provided, however, that termination pursuant to paragraphs (b) or (c) of Section 10.1 shall not relieve the defaulting or breaching party or parties from any liability to the other parties hereto.

  • Remedies for Breach of Obligation of Confidentiality Each party acknowledges that breach of its obligation of confidentiality may give rise to irreparable injury to the other party, which damage may be inadequately compensable in the form of monetary damages. Accordingly, a party may seek and obtain injunctive relief against the breach or threatened breach of the foregoing undertakings, in addition to any other legal remedies which may be available, to include, in the case of the State, at the sole election of the State, the immediate termination, without liability to the State, of this Contract or any Statement of Work corresponding to the breach or threatened breach.

  • Assumption of Obligations Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker.

  • Violation of Agreement If Guest or any member of the Rental Party violates any of the terms of this Agreement, including but not limited to maximum occupancy, visitors and rental rules and restrictions, Owner may evict Guest and the Rental Party from the Property and Guest will forfeit all rent and security deposit paid.

  • Violation of Non-discrimination provisions Violation of the non-discrimination provisions of this Agreement shall be considered a breach of this Agreement and subject the Contractor to penalties, to be determined by the County Manager, including but not limited to i) termination of this Agreement;

  • EVENTS CONSTITUTING MATERIAL BREACH OF AGREEMENT The Applicant shall be in Material Breach of this Agreement if it commits one or more of the following acts or omissions (each a “Material Breach”):

  • Fulfilment of Obligations The Parties shall take any general or specific measures required to fulfil their obligations under this Agreement.

  • Billing for Treatment and Payment Restrictions Grantees will;

  • Conditions to Payment, Transfer or Exchange Freddie Mac, its agent or any other person potentially required to withhold with respect to payments on a Note shall have the right to require a Holder of a Note, as a condition to payment of principal of or interest on such Note, or as a condition to transfer or exchange such Note, to present at such place as Freddie Mac, its agent or such other person shall designate a certificate in such form as Freddie Mac, its agent or such other person may from time to time prescribe, to enable Freddie Mac, its agent or such other person to determine its duties and liabilities with respect to (i) any taxes, assessments or governmental charges which Freddie Mac, the Global Agent, the Exchange Administrator or such other person, as the case may be, may be required to deduct or withhold from payments in respect of such Note under any present or future law of the United States or jurisdiction therein or any regulation or interpretation of any taxing authority thereof; and (ii) any reporting or other requirements under such laws, regulations or interpretations. Freddie Mac, its agent or such other person shall be entitled to determine its duties and liabilities with respect to such deduction, withholding, reporting or other requirements on the basis of information contained in such certificate or, if no certificate shall be presented, on the basis of any presumption created by any such law, regulation or interpretation, and shall be entitled to act in accordance with such determination.

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