Substitution Rights Sample Clauses

Substitution Rights. If, at any time during the Research Term, the JSC unanimously so agrees, (a) any Deal Target may be substituted with a different Target or (b) any Deal E3 Ligase may be substituted with a different E3 Ligase and, for clarity, the new Deal Target or Deal E3 Ligase, as applicable, shall be added to Schedule 1.1.34 or Schedule 1.1.35, as applicable, and the former Deal Target or Deal E3 Ligase, as applicable, shall become an “Excluded Target”.

Substitution Rights. (a) On occurrence of a Project Company’s Event of Default, the Government shall, through Notice of Intention to Terminate to the Lender(s), invite the Lender(s) to submit a proposal for substitution of the Project Company in accordance with Section 16.06 herein within sixty (60) days of the date of the Notice of Intention to Terminate to the Lender(s). (b) In the event the Government receives a proposal for substitution of the Project Company, it shall withhold termination for a period not exceeding 180 (one hundred and eighty) days from the date of the Notice of Intention to Terminate to the Lender(s), (c) In the event no Proposed Project Company is nominated by the Lender(s) within the time frame specified in Section 21.04(b) or the Proposed Project Company is not acceptable to the Government, the Government may substitute the Project Company or terminate this Agreement.

Substitution Rights. From time to time Borrower may request the right to sell an existing Megaplex Property and have it be released from the Mortgage Lien and, simultaneously with such sale, acquire a new Real Estate Property which is a reasonably comparable theater property which would become a Megaplex Property under the Loan Documents and be subject to the Lien of a Mortgage securing the Loan and other obligations of Obligors to Lender. If Lender consents to such request (which consent can be granted, withheld or conditioned in Lender's sole discretion), Borrower shall comply (i) with all of the provisions of Section 7.03(c) (other than the requirement of using Loan proceeds) for the acquisition of additional Real Estate Properties plus appropriate title insurance and other deliveries so that Lender's position and information about such new property is comparable with Lender's position and information relating to the Initial Megaplex Properties, and (ii) with such other conditions as Lender may impose in its sole and absolute condition. If Lender does not consent to such request, Lender shall have no obligation to release its Mortgage Lien on such existing Megaplex Property or otherwise consent to any sale or disposition of such Megaplex Property.

Substitution Rights. CooperVision shall have the option of electing to substitute, on a country-by-country basis, prospectively from the effective date of the Future Agreement, all of the Financial Terms for said country in the Future Agreement for all of the Financial Terms for said country in this Agreement. CooperVision may elect this substitution for any or all of the countries covered in the Future Agreement, even if the Future Agreement applies the same Financial Terms to all such countries. This option shall expire unless exercised by giving CIBA written notice within sixty (60) days after the date on which CooperVision first receives the Future Agreement pursuant to Section 11.01. The substitution right set forth in this Section 11.02 shall apply only to the Financial Terms of the Future Agreement; CooperVision shall have no right to substitute any other terms of the Future Agreement for any other terms of this Agreement.

Substitution Rights. Lessor acknowledges and consents to Sublessee’s rights to effect a Property Substitution under and in accordance with the Sublease. Lessor agrees to cooperate with Lessee and Sublessee and to perform such acts and execute such agreements and instruments as shall be necessary to effect a Property Substitution pursuant to the terms, provisions and procedures of the Sublease. As used herein, the term “Property Substitution” shall have the meaning ascribed thereto in the Sublease.

Substitution Rights. FSI reserves the right, at its sole discretion, to substitute alternative, but comparable ancillary benefits for any of the specific benefits listed in the Sponsorship Prospectus.

Substitution Rights. During a Suspension Period or a Financing EoD Period, the Lenders may appoint a substitute operator, possessing or having available to it under contract the technical and financial capacity required to build and/or operate (as applicable) the PPP Project, who may assume (by novation or otherwise) the rights and obligations of the Service Provider under the PPP Documents. Where substitution rights have been exercised, an extended cure period of [210] days starting on the date on which the Lenders receive a Default Notice (and other than in relation to default for outstanding amounts due and payable to the Public Entities at the transfer date which shall be paid within 60 days after such date).

Substitution Rights. For each Global Target Pair, Novartis shall have the one-time right, during the Global Target Pair Selection/Replacement Period, to substitute another Target pair that are Available Target pairs for such Global Target Pair, provided that (i) Novartis may only make such substitution once per Global Target Pair (i.e., Novartis may make four such substitutions) and (ii) a given Global Target Pair cannot be substituted once a Global Licensed Antibody against such Global Target Pair achieves [...***...

Substitution Rights. Upon at least 60 days' prior written notice, Lender agrees to release an Individual Mortgaged Property from the Lien of the Deed of Trust encumbering the Individual Mortgaged Property and the Loan Documents (the "Release Mortgaged Property" or "Release Properties"), and to substitute and encumber another property as part of the Mortgaged Property in its place (the "Substitute Mortgaged Property") in lieu of any Partial Release payment, provided that all of the following terms and conditions are satisfied as determined by Lender (each a "Substitution"): (a) The Release Mortgaged Property must be one of the seven (7) Mortgaged Properties that are the original Mortgaged Properties as of the Closing Date. (b) Substitutions shall only be permitted during the Release/Substitution Period. (c) The total number of Individual Mortgaged Properties which are released from the Lien of the Deed of Trust pursuant to a Substitution shall not exceed 2 and the total number of Individual Mortgaged Properties which are released from the Lien of the Deed of Trust pursuant to either a Partial Release or a Substitution may not exceed 4 (in the aggregate) . (d) After the Substitution and any required principal repayment, the outstanding principal Loan balance of the Loan shall not be less than $175,000,000. (e) The Debt Yield after giving effect to the Substitution (i.e., utilizing the Net Operating Income of the Substitute Mortgaged Property in lieu of that of the Release Mortgaged Property) shall be no less than the Debt Yield that existed prior to the Substitution (i.e., utilizing the Net Operating Income of the Release Mortgaged Property in lieu of the Substitute Mortgaged Property), and in no event shall the Debt Yield after giving effect to the Substitution be less than 10.5%. (f) The Loan to Value Ratio of the Substitute Mortgaged Property must be no greater than the Loan to Value Ratio of the Release Mortgaged Property (utilizing the Allocated Loan Amount assigned to the Release Mortgaged Property for both of the aforesaid Loan to Value Ratio calculations), and in no event shall the Loan to Value Ratio of the Substitute Mortgaged Property be greater than 65% (based on the Allocated Loan Amount assigned to the Release Mortgaged Property). (g) Borrower must own the Substitute Mortgaged Property in fee simple and the ownership interest must not be a leasehold interest. (h) The owner of the Substitute Mortgaged Property may in no event be a tenant in common and in no event sh...