TERM OF AGENCY RELATIONSHIP Sample Clauses

TERM OF AGENCY RELATIONSHIP. The term of this Agreement shall commence on the date shown on Exhibit B and end on December 31, 2003. AGENT shall provide to CARRIER written notice of the date on which AGENT initiates WRS operations in the Area. This Agreement shall be effective only after its execution by an officer or other authorized employee of both AGENT and CARRIER.
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TERM OF AGENCY RELATIONSHIP. The agency relationship created herein between the Construction Agent and the Lessor shall commence as of the date hereof and shall end on the sooner to occur of: (i) the Lease Termination Date; (ii) the giving of notice by the Lessor of such termination upon the occurrence of an Event of Default; or (iii) the Final Completion Date. No termination of the agency relationship hereunder nor any failure on the part of the Lessor to perform its obligations under any Operative Document (other than its failure to make, or cause to make available, the proceeds of each Requisition Funding in accordance with the terms hereof) shall limit or otherwise affect the Lessor's rights against the Construction Agent for any breach or failure to perform hereunder.
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TERM OF AGENCY RELATIONSHIP. The agency relationship created --------------------------- herein between the Acquisition/Construction Agent and the Lessor shall commence as of the date hereof and shall end on the sooner to occur of: (a) the date that the Lessor no longer owns any interest in any portion of the Facility, (b) an "Event of Default" occurs under Section 17 of the Lease, or (c) the date the Company gives the Agent and the Lessor notice that it will not exercise the option to purchase the Facility pursuant to the terms of the Lease, on which any such date or event the Lessor revokes the Company's right to act as Acquisition/Construction Agent hereunder except to the extent and solely to the extent that such agency relationship expressly continues under Section 1.3(k) hereof and provided that the Acquisition/Construction Agent pays the Final Rent Payment when due. The Lessor may, but is not obligated to, revoke the Company's right and obligation to act as Acquisition/Construction Agent hereunder, any time after a Cancellation Date, Lease Termination Date or Option Date.
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TERM OF AGENCY RELATIONSHIP. The agency relationship created herein between the Acquisition Agent and the Lessor shall commence as of the date hereof and shall end on the sooner to occur of: (a) with respect to any particular Phase, the date that the Lessor no longer owns any of the Equipment for such Phase, (b) with respect to all Phases, the occurrence of a default by the Lessee in the payment of the Final Rent Payment or the Termination Value for all Phases in accordance with the terms of Section 15 of the Lease, and (c) with respect to any particular Phase, the date the Lessee gives the Lessor notice that it will not exercise the option to purchase any of the Equipment for such Phase pursuant to the terms of the Lease, and on the date any such event occurs the Lessor revokes the Company's right to act as Acquisition Agent hereunder for such Phase or for all Phases, as applicable. The Lessor may, but is not obligated to, revoke the Company's right and obligation to act as Acquisition Agent hereunder (x) with respect to any Phase, any time after a Lease Termination Date or Option Date for such Phase, and (y) with respect to all Phases, any time after a Cancellation Event.
Sample 1
TERM OF AGENCY RELATIONSHIP. The agency relationship created herein between the Acquisition Agent and the Lessor shall commence as of the date hereof and shall end on the sooner to occur of: (a) with respect to any particular Equipment, the date that the Lessor no longer owns any of such Equipment, (b) with respect to all Equipment, the occurrence of a default by the Lessee in the payment of the Final Rent Payment, the Completion Costs Payment or the Termination Value in accordance with the terms of Section 15 of the Lease, and (c) with respect to all Equipment or, in the event of a Cancellation Event or Non-Completion Event with respect to any particular Equipment, with respect to such Equipment, the date the Lessee gives the Lessor notice that it will not exercise the option to purchase such Equipment pursuant to the terms of the Lease, and on the date any such event occurs the Lessor revokes the Company's right to act as Acquisition Agent hereunder for all Equipment or the relevant Equipment, as applicable. The Lessor may, but is not obligated to, revoke the Company's right and obligation to act as Acquisition Agent hereunder at any time after the Lease Termination Date.
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Related to TERM OF AGENCY RELATIONSHIP

  • Agency Relationship Nothing herein shall be construed as constituting the Sub-Advisor as an agent of the Trust or the Fund, except as otherwise contemplated herein.

  • No Agency Relationship Nothing herein contained shall be deemed to authorize or empower either party to act as agent for the other party to this Agreement, or to conduct business in the name, or for the account, of the other party to this Agreement.

  • Banking Relationship Borrower shall at all times maintain its primary banking relationship with Silicon.

  • No Other Relationship The Underwriters have been retained solely to act as an underwriter in connection with the sale of Offered Securities and that no fiduciary, advisory or agency relationship between the Company and the Underwriters has been created in respect of any of the transactions contemplated by this Agreement or the Prospectus, irrespective of whether any Underwriter has advised or is advising the Company on other matters;

  • Depository Relationship To induce the Lender to establish the interest rates provided in the Note, Borrowers will use Lender as its principal depository bank and the Borrowers covenant and agree to maintain Lender as their principal depository bank, including for the maintenance of business, cash management, and operating and administrative deposit accounts.

  • Lending Relationship Except as disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, the Company (i) does not have any material lending or other relationship with any bank or lending affiliate of any Underwriter and (ii) does not intend to use any of the proceeds from the sale of the Securities to repay any outstanding debt owed to any affiliate of any Underwriter.

  • General Relationship Executive shall be considered an employee of the Company within the meaning of all federal, state and local laws and regulations including, but not limited to, laws and regulations governing unemployment insurance, workers’ compensation, industrial accident, labor and taxes.

  • Reporting Relationship Executive shall report to the Company’s chief executive officer.

  • Appointment; Nature of Relationship Each Lender hereby appoints U.S. Bank as its contractual representative (herein referred to as the “Administrative Agent”) hereunder and under each other Loan Document, and each of the Lenders irrevocably authorizes the Administrative Agent to act as the contractual representative of such Lender with the rights and duties expressly set forth herein and in the other Loan Documents. The Administrative Agent agrees to act as such contractual representative upon the express conditions in this Article X. Notwithstanding the use of the defined term “Administrative Agent,” it is expressly understood and agreed that the Administrative Agent shall not have any fiduciary responsibilities to any Lender by reason of this Agreement or any other Loan Document and that the Administrative Agent is merely acting as the contractual representative of the Lenders with only those duties as are expressly set forth in this Agreement and the other Loan Documents. In its capacity as the Lenders’ contractual representative, the Administrative Agent (i) does not hereby assume any fiduciary duties to any of the Lenders, (ii) is a “representative” of the Lenders within the meaning of the term “secured party” as defined in the New York Uniform Commercial Code and (iii) is acting as an independent contractor, the rights and duties of which are limited to those expressly set forth in this Agreement and the other Loan Documents. Each of the Lenders hereby agrees to assert no claim against the Administrative Agent on any agency theory or any other theory of liability for breach of fiduciary duty, all of which claims each Lender hereby waives.

  • No Advisory Relationship a. You acknowledge and agree that (i) the purchase and sale of Notes is an arms-length transaction between you and Prosper; (ii) in connection with the purchase and sale of Notes, Prosper is not acting as your agent or fiduciary; (iii) Prosper assumes no advisory or fiduciary responsibility with respect to you in connection with the purchase and sale of Notes; (iv) Prosper has not provided you with any legal, accounting, regulatory or tax advice with respect to Notes; and (v) you have consulted your own legal, accounting, regulatory and tax advisors with respect to the Notes to the extent you have deemed it appropriate.

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