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Binding MOU definition

Binding MOU has the meaning set out in Section 4.2(c)

Examples of Binding MOU in a sentence

  • On May 9, 2018, the Stadium District and the Team entered into a Binding MOU which provided for the Team to have sole control and responsibility for the operation and maintenance of Chase Field.

  • During a meeting in December 2015, the five-member board voted unanimously to approve the Non- Binding MOU.

  • On February 17, 1994, the Stadium District entered into an agreement with the Arizona Professional Baseball Team Limited Partnership (the Team) to provide for the financing of a portion of the costs of acquisition and construction of a new major league baseball stadium.On May 9, 2018, the Stadium District and the Team entered into a Binding MOU which provided for the Team to have sole control and responsibility for the operation and maintenance of Chase Field.

  • Subject to the terms and conditions of the Definitive Agreements and this Binding MOU, Scynexis will be solely responsible, at its cost and expense, for the recommencement of the MARIO Study, including any and all costs and expenses in connection with the supply of any Product for the conduct of the MARIO Study, but excluding any costs incurred for any change in the current scope of the MARIO Study, as shown in Attachment 1.

  • The decrease of $17.7 million in Stadium District net position is primarily due to the annual recognition of depreciation expense, current year repair and maintenance projects, legal expenses and a payment made to the Team based on the Binding MOU, which reduced charges for services collected and eliminated the Chase Field Capital Projects Reserve Fund.

  • The City and Duke hereby acknowledge and agree that the Property is subject to the terms and conditions of the Binding MOU, Assigned MOU, and the Development Plan.

  • This decrease was mainly due to a transfer out necessary to make the required payment to the Team based on the Binding MOU that was entered into near fiscal year-end.

  • This Binding MOU is intended to outline the salient points of the Parties understandings and possibly omits items of concern to the Parties.

  • This Agreement supplements the terms and conditions contained in the Binding MOU and Assigned MOU, provided, however, to the extent of any conflict between the terms and conditions of this Agreement, the Binding MOU, and the Assigned MOU, the terms and conditions of this Agreement shall prevail.

  • Failure to submit a Bid on all items in the Schedule will result in an incomplete Bid and theBid may be rejected.

Related to Binding MOU

  • binding corporate rules means personal data protection policies which are adhered to by a controller or processor established on the territory of a Member State for transfers or a set of transfers of personal data to a controller or processor in one or more third countries within a group of undertakings, or group of enterprises engaged in a joint economic activity;

  • Enforceable means, with respect to any Contractual Obligation stated to be Enforceable by or against any Person, that such Contractual Obligation is a legal, valid and binding obligation of such Person enforceable by or against such Person in accordance with its terms, except to the extent that enforcement of the rights and remedies created thereby is subject to bankruptcy, insolvency, reorganization, moratorium and other similar laws of general application affecting the rights and remedies of creditors and to general principles of equity (regardless of whether enforceability is considered in a proceeding in equity or at law).

  • Valid means that the Tax Verification Letter’s period of validity, as indicated on the Tax Verification Letter, has not ended.

  • Binding Effect The provisions, covenants and conditions in this Contract apply to bind the parties, their legal heirs, representatives, successors, and assigns.

  • Best execution means prompt and reliable execution at the most favorable security price, taking into account the other provisions hereinafter set forth. The determination of what may constitute best execution and price in the execution of a securities transaction by a broker involves a number of considerations, including, without limitation, the overall direct net economic result to the Fund (involving both price paid or received and any commissions and other costs paid), the efficiency with which the transaction is effected, the ability to effect the transaction at all where a large block is involved, availability of the broker to stand ready to execute possibly difficult transactions in the future, and the financial strength and stability of the broker. Such considerations are judgmental and are weighed by the Manager in determining the overall reasonableness of brokerage commissions.

  • Executed means the Vendor should have achieved the criteria specified in the Technical criteria of PQR even if the Contract has not been completed or closed

  • Merger Documents shall have the meaning assigned to it in Section 2.6 hereof.

  • ² Shareholder means a person who owns shares in the company and is actively involved in the management of the company or business and exercises control over the company.

  • Principal Shareholder means any corporation, Person or other entity which is the beneficial owner, directly or indirectly, of five percent (5%) or more of the outstanding Shares of all outstanding classes or series and shall include any affiliate or associate, as such terms are defined in clause (ii) below, of a Principal Shareholder. For the purposes of this Section, in addition to the Shares which a corporation, Person or other entity beneficially owns directly, (a) any corporation, Person or other entity shall be deemed to be the beneficial owner of any Shares (i) which it has the right to acquire pursuant to any agreement or upon exercise of conversion rights or warrants, or otherwise (but excluding share options granted by the Trust) or (ii) which are beneficially owned, directly or indirectly (including Shares deemed owned through application of clause (i) above), by any other corporation, Person or entity with which its “affiliate” or “associate” (as defined below) has any agreement, arrangement or understanding for the purpose of acquiring, holding, voting or disposing of Shares, or which is its “affiliate” or “associate” as those terms are defined in Rule 12b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934, and (b) the outstanding Shares shall include Shares deemed owned through application of clauses (i) and (ii) above but shall not include any other Shares which may be issuable pursuant to any agreement, or upon exercise of conversion rights or warrants, or otherwise.

  • Enforceability Exceptions means the (a) Laws of general application relating to bankruptcy, insolvency and the relief of debtors; and (b) rules of law governing specific performance, injunctive relief and other equitable remedies.

  • Standing Order means, with respect to a Designated System, an agreement registered with PJM EIS GATS or M-RETS for the automatic transfer of RECs issued for the Designated System to Buyer’s Account on a recurring basis commencing no earlier than the Trade Date and expiring no earlier than the last day of the Delivery Term of such Designated System.” The following is added as Section 1.62.2:

  • Buyer Parent has the meaning set forth in the Preamble.

  • Corporate Action means any subscription right, bonus issue, stock repurchase plan, redemption, exchange, calls, redemptions, tender offer, recapitalization, reorganization, conversions, consolidation, subdivision, takeover offer or similar matter with respect to a Financial Asset in the Securities Account that requires discretionary action by the holder, but does not include proxy voting.

  • Purchaser Documents has the meaning set forth in Section 6.2.

  • Principal Stockholder means any person who individually or in concert with his spouse and

  • Principal Stockholder Transferee means any Person who acquires voting stock of the Corporation from the Principal Stockholder (other than in connection with a public offering) and who is designated in writing by the Principal Stockholder as a “Principal Stockholder Transferee.”

  • Pending Order means an instruction from the Client to the Company to open a position once the price has reached the level of the Order.

  • Seriously disturbed person means a person who:

  • fully paid in relation to a share, means that the nominal value and any premium to be paid to the company in respect of that share have been paid to the company;

  • letter agreement constitutes a Confirmation" as referred to in the ISDA Master Agreement specified below. The definitions and provisions contained in the 2000 ISDA Definitions, as supplemented by the Annex to the 2000 ISDA Definitions, each published by the International Swaps and Derivatives Association, Inc. (collectively, the "Definitions"), are incorporated in this Confirmation. In the event of any inconsistency between those Definitions and this Confirmation, this Confirmation will govern.

  • Governing Documents means, with respect to any Person, the certificate or articles of incorporation, by-laws, or other organizational documents of such Person.

  • Signed means bearing a signature or representation of a signature affixed by mechanical means or an electronic symbol or process attached to or logically associated with an electronic communication and executed or adopted by a person with the intent to sign the electronic communication;

  • Person entitled under the document means the holder, in the case of a negotiable document of title, or the person to which delivery of the goods is to be made by the terms of, or pursuant to instructions in a record under, a nonnegotiable document of title.

  • Signatory means an individual who authenticates a record and is bound by its terms.

  • Shareholder Associated Person of any Shareholder means (i) any person controlling, directly or indirectly, or acting in concert with, such Shareholder, (ii) any beneficial owner of shares of stock of the Corporation owned of record or beneficially by such Shareholder, and (iii) any person controlling, controlled by or under common control with such Shareholder Associated Person.

  • Merger Subsidiary has the meaning set forth in the preamble to this Agreement.