Assignment Option definition

Assignment Option. IDT may request BP to assign to one or more Creditworthy Assignees (as defined below) any of BP’s positions under Credit-Enabled Transactions or Direct Transactions on price, terms and conditions acceptable to BP. Table of Contents (i) In connection therewith BP shall be responsible for effecting the assignment of transactions, so long as a Creditworthy Assignee is available to take assignment and assume all obligations under the assigned transactions going forward. (ii) Either the Creditworthy Assignee or IDT must accept all responsibility in respect of the position with the ISO or RTO. (iii) As used herein, “Creditworthy Assignee” shall mean a counterpart(ies) whose long-term unsecured debt is rated at least “A” by Moody’s or “A” by S&P and the ability to perform on the applicable assigned transactions.
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Assignment Option means the option specified in Section 2.3.
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Assignment Option is available to Partner where an End User refuses or otherwise fails to pay to Partner amounts owing for the Subscription Services under a Keystone Order, and such nonpayment continues uncured for more than ninety (90) days after the due date. Except as expressly permitted below, the availability of this Assignment Option shall have no effect on Partner’s obligation (as described in Section 3.1) to pay the Partner Fees owing to NetApp with respect to such Subscription Services.
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Examples of Assignment Option in a sentence

  • SouthernSun is strongly committed to protecting Confidential Information, whether entrusted to the firm by a Client or obtained from some other source.

  • Unless and until the Assignment Option is exercised, HP shall be responsible for the prosecution and maintenance, including the payment of all associated fees, of the Assignable Patents, after which the responsibilities for which shall be in Company’s sole discretion.

  • The provisions of this Section 6 shall be effective and only apply if Company exercises the Assignment Option.

  • Within 30 days after the end of each calendar quarter after the exercise of the Assignment Option, Company will make a written report of proceeds (the “Royalty Report”) due under Section 4.2.2 for the preceding calendar quarter.

  • The following provisions shall survive expiration or termination of this Agreement for any reason: (i) any Party’s obligations to make payments required hereunder that have accrued before the effective date of termination; (ii) any cause of action or claim of either Party resulting from any breach or default of the other Party before the effective date of termination; and (iii) Sections 1, 2.5 – 2.6, 4.3 – 4.5, 5 – 6 (if the Assignment Option is exercised), 8.7, 8.8, 9 and 10.

  • Written Consent Lessee’s written consent in the prescribed form to the assignment of receivables under the Receivables Security Assignment Agreement and the creation of the security assignment option under the Equipment Security Assignment Option Agreement.

  • The provisions of this Section 3 shall be effective and only apply if Company exercises the Assignment Option.

  • HP may terminate this Agreement upon notice to Company in the event Company failed to exercise the Assignment Option by the Closing Date.

  • The provisions of this Section 5 shall be effective and only apply if Company exercises the Assignment Option.

  • Based on the chapters above, we can draw the following conclusions.In line with the rethinking project management movement, the Half Double practitioner develop- ment program promotes a vision of the successful project manager as a reflective practitioner rather than a trained technician.


More Definitions of Assignment Option

Assignment Option is defined in
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Assignment Option has the meaning set out in Article 3.1.
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Assignment Option. IDT may request BP to assign to one or more Creditworthy Assignees (as defined below) any of BP’s positions under Credit-Enabled Transactions or Direct Transactions on price, terms and conditions acceptable to BP. Table of Contents CONFIDENTIAL PORTIONS HAVE BEEN OMITTED FROM THIS DOCUMENT BASED UPON A REQUEST FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934 AND HAVE BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. THE LOCATION OF OMITTED TEXT IS INDICATED BY AN ASTERISK (*) (i) In connection therewith BP shall be responsible for effecting the assignment of transactions, so long as a Creditworthy Assignee is available to take assignment and assume all obligations under the assigned transactions going forward. (ii) Either the Creditworthy Assignee or IDT must accept all responsibility in respect of the position with the ISO or RTO. (iii) As used herein, “Creditworthy Assignee” shall mean a counterpart(ies) whose long-term unsecured debt is rated at least “A” by Moody’s or “A” by S&P and the ability to perform on the applicable assigned transactions.
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Assignment Option means the option by Company to purchase the Assignable Patents, which Company will have exercised if it pays the amount and within the timeframe contemplated in Section 4.2.1.
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Assignment Option shall have the meaning provided for in Exhibit B Section 5.01(a).
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Related to Assignment Option

  • Qualified assignment agreement means an agreement providing for a qualified assignment within the meaning of section 130 of the Internal Revenue Code.

  • Stock Option Agreement means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to his or her Option.