SOLVAY Reserved Right Sample Clauses

SOLVAY Reserved Right. SOLVAY reserves the right, at its discretion and at its sole cost and expense but in consultation with JDS, to commence and diligently pursue all activities necessary to secure an alternative manufacturer for the Product, prior to the termination period in Section 4.2(b), should SOLVAY (i) elect to cease manufacturing operations in its Baudette, Minnesota Main Street facility, (ii) have business requirements that necessitate the cessation of the manufacture of Product, or (iii) if JDS has not been diligent in the pursuit of an alternative facility as required in Section 4.2(d). If an alternative manufacturer identified by SOLVAY under this Section 4.2(e) charges more for the Product than SOLVAY would have charged under the terms of this Agreement, then SOLVAY shall, during the minimum period of time it would have been obligated to supply Product hereunder, bear the cost of such excess, except in the case of Section 4.2(e)(iii), in which case JDS shall bear any such excess. To be utilized as a source of supply hereunder, any such alternative manufacturer shall be duly qualified under all applicable Manufacturing Standards and Regulatory Standards. Subject to JDS’s obligations pursuant to Section 4.2(d), the use of an alternate supplier by SOLVAY pursuant to this Section shall not limit, modify or amend the obligations, representations or warranties of the parties hereto.
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Related to SOLVAY Reserved Right

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  • ADJUSTMENT OF THE DISTRIBUTOR’S ALLOCABLE PORTION AND EACH SUCCESSOR DISTRIBUTOR’S ALLOCABLE PORTION The parties to the Distribution Agreement recognize that, if the terms of any distributor’s contract, any distribution plan, any prospectus, the FINRA Conduct Rules or any other applicable law change so as to disproportionately reduce, in a manner inconsistent with the intent of this Distribution Agreement, the amount of the Distributor’s Allocable Portion or any Successor Distributor’s Allocable Portion had no such change occurred, the definitions of the Distributor’s Allocable Portion and/or the Successor Distributor’s Allocable Portion in respect of the Class C shares relating to a Fund shall be adjusted by agreement among the relevant parties; provided, however, if the Distributor, the Successor Distributor and the Fund cannot agree within thirty (30) days after the date of any such change in applicable laws or in any distributor’s contract, distribution plan, prospectus or the FINRA Conduct Rules, they shall submit the question to arbitration in accordance with the commercial arbitration rules of the American Arbitration Association and the decision reached by the arbitrator shall be final and binding on each of them. The following relates solely to Class 529-C shares. The Distributor’s Allocable Portion of Distribution Fees and CDSCs in respect of Class 529-C shares shall be 100% until such time as the Distributor shall cease to serve as exclusive distributor of Class 529-C shares; thereafter, collections that constitute CDSCs and Distribution Fees relating to Class 529-C shares shall be allocated among the Distributor and any successor distributor (“Successor Distributor”) in accordance with this Schedule. At such time as the Distributor’s Allocable Portion of the Distribution Fees equals zero, the Successor Distributor shall become the Distributor for purposes of this Allocation Schedule. Defined terms used in this Schedule and not otherwise defined herein shall have the meanings assigned to them in the Principal Underwriting Agreement (the “Distribution Agreement”), of which this Schedule is a part. As used herein the following terms shall have the meanings indicated:

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  • Received From Third Party Such information was or is hereafter rightfully received by the party from a third party (expressly excluding the Fund’s custodian, prime broker and administrator) without restriction on its disclosure and without breach of this Agreement or of a similar confidential disclosure agreement regarding them; or

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  • Proceeds from Shares Sold The Custodian shall receive funds representing cash payments received for Shares issued or sold from time to time by the Funds, and shall promptly credit such funds to the account(s) of the applicable Portfolio(s). The Custodian shall promptly notify each applicable Fund of Custodian's receipt of cash in payment for Shares issued by such Fund by facsimile transmission or in such other manner as the Fund and Custodian may agree in writing. Upon receipt of Proper Instructions, the Custodian shall: (a) deliver all federal funds received by the Custodian in payment for Shares in payment for such investments as may be set forth in such Proper Instructions and at a time agreed upon between the Custodian and the applicable Fund; and (b) make federal funds available to the applicable Fund as of specified times agreed upon from time to time by the applicable Fund and the Custodian, in the amount of checks received in payment for Shares which are deposited to the accounts of each applicable Portfolio.

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