Substitution (replacement Sample Clauses

Substitution (replacement. Where a Contracting Party or one of its corporations has paid compensations to one of its investors existing in the country or sea territory of the other Contracting Party according to a guarantee for an investment, the other Contracting Party shall recognize the transfer of the rights of the investor receiving the compensation to such Contracting Party or to its corporation in its capacity as a guarantor. The guarantor shall have the right, in the same capacity as the investor and within the limits of the rights transferred to it, to replace the investor in exercising the rights of such investor and the claims associated therewith. The right of such replacement shall extend to the right of transfer provided for in Article six referred to above, and also to the right of resort to the means for the settlement of differences relating to investment as prescribed in this Agreement. As regards such carried rights, the other Contracting Party shall be entitled, vis-à-vis the guarantor Party, to adhere to the obligations imposed by law, or under an agreement, on the investor benefiting from the compensation.
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Substitution (replacement. If the DBE is part of a Project goal and the DBE voluntarily withdraws and/or is terminated, the Department will be notified, and concurrence will be requested. To the extent needed to meet the DBE goal, [Insert DB Contractor Name] will obtain additional DBE participation or submit documented evidence of Good Faith Efforts. [Insert DB Contractor Name] will document the termination/substitution, including all required forms.
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Substitution (replacement. (a) The Consenting Party agrees that, notwithstanding anything to the contrary in the Assigned Agreement, if the Collateral Agent shall notify the Consenting Party in writing that an Event of Default has occurred and is continuing under the Credit Agreement and that the Collateral Agent desires to exercise its rights and remedies pursuant to the Security Agreement, then the Collateral Agent, any Secured Party or the Collateral Agent’s or any Secured Party’s designee or assignee or any purchaser of the Assigned Interest in a foreclosure sale or otherwise (a “Substitute Provider”) may be substituted for the Borrower under the Assigned Agreement. In such event, the Consenting Party will accept such substitution and continue to perform its obligations under the Assigned Agreement in favor of the Substitute Provider, subject, in any event, to all of the Consenting Party’s rights and remedies thereunder (as modified by this Direct Agreement), but recognizing that the Substitute Provider’s obligations under the Assigned Agreement shall be limited to the Substitute Provider’s interest in the Project and all revenues and proceeds derived therefrom. In the event that the Substitute Provider succeeds to the Borrower’s interest under the Assigned Agreement, whether by foreclosure or otherwise, or enters into a new agreement pursuant to Section 3.7(b), the Substitute Provider, except with respect to unperformed payment obligations, shall not be liable for curing or performing or be required to perform or cause to be performed any of the obligations under the Assigned Agreement or such new agreement that were required to have been performed. TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO BRACKETED ASTERISKS [**].
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Substitution (replacement. Section 1 – A dispatcher shall be granted special “swap” leave with pay for a day or any portion thereof for which he is able to secure a substitute. The Department is notified in writing by the dispatcher seeking such “swap” as to the date and tour of duty and the dispatcher replacing him or her.
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Related to Substitution (replacement

  • Benchmark Replacement Notwithstanding anything to the contrary herein or in any other Loan Document, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior any setting of the then-current Benchmark, then (x) if a Benchmark Replacement is determined in accordance with clause (a) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause (b) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders. If the Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a quarterly basis.

  • Replacement The term “

  • Replacement Parts Replacement parts for goods purchased by Buyer are for the purpose of this Section defined as “Parts” (and are also considered “goods” under this Order). Unless specified otherwise by Buyer in writing, Supplier shall provide Parts (or upon Buyer’s written consent, an alternative replacement part that provides the same form, fit and function as the Part(s)) for a period of twenty (20) years after production of the goods (into which the applicable Parts are incorporated) ceases. Supplier shall continue to supply such Parts past the twenty (20) year period if Buyer orders at least twenty (20) Parts per year during such twenty-year period. The prices for any Parts purchased in the first two (2) years of the twenty-year period shall not exceed those prices in effect at the time production of the goods ceases, and no set up charges shall be permitted by Supplier or paid by Xxxxx during this two-year period. Thereafter, the prices for Parts shall be negotiated based on Supplier’s actual cost of production of such Parts plus any special packaging costs. No minimum order requirements shall apply unless the parties mutually agree in advance. After the end of the twenty-year period, Supplier shall continue to maintain in good working condition all Supplier-owned tooling required to produce the Parts and shall not dispose of such tooling without offering Buyer the right of first refusal to purchase such tooling.

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