Buyer Recipient definition
Examples of Buyer Recipient in a sentence
Buyer and Seller agree to be bound by the terms and conditions of the Non-Disclosure Agreement dated February 27, 2004, with the following modification: for information conveyed from the Seller (Discloser) to the Buyer (Recipient), only information which satisfies both the requirements of being Confidential Information in the Non-Disclosure Agreement and is related to the Reserved Business Activities, shall be considered to be Confidential Information.
Buyer shall, upon Seller’s request, take whatever actions are reasonably necessary from time to time in order for the Seller to claim the benefits of all Environmental and Tax Attributes and capacity rights or credits other than the AOBCs allocated to the Buyer Recipient Accounts.
Should a Buyer Recipient, partner(s), or Associates(s) circumvent Discloser, Recipient agrees to pay discloser 5% (five percent) of Sale Lease price at the close of Escrow.
To the extent that the Utility does not permit termination of allocation of AOBCs to the Buyer Recipient Accounts (as modified from time to time) as of the effective date of termination or expiration of this Agreement and instead requires termination of such allocation as of a later date, Buyer’s purchase and payment obligations hereunder shall survive with respect to Electricity delivered by Seller to the Delivery Point and corresponding with AOBCs allocated to the Buyer Recipient Accounts.
At Seller’s request, Buyer shall promptly take any action and execute any documents, as required, to facilitate the allocation to the Buyer Recipient Accounts of the Buyer Allocation Percentage of the AOBCs accruing to the Host Customer of the Facilities.
Upon the termination or expiration of this Agreement for any reason, Buyer shall promptly take all actions and execute all documents, as may be necessary or reasonably requested by Seller, to facilitate the amendment of the Allocation Instructions so as to terminate as soon as practicable the allocation of AOBCs to the Buyer Recipient Accounts, and Buyer hereby grants Seller the right to act as Buyer’s attorney- in-fact to take the actions required by Buyer in this sentence.
Other than the AOBCs that are allocated to the Buyer Recipient Accounts under the SMART Program Rules, as between Seller and Buyer, Environmental and Tax Attributes and any rights or credits relating to the generating capacity of the Facilities shall remain the property of Seller and may be used, sold, transferred, pledged, collaterally assigned, retired or otherwise disposed of by Seller in its sole discretion and for its sole benefit.
The Seller: Recipient: CEC CORPORATION Address: Postcode: 100846 Fax:0▇▇-▇▇▇▇▇▇▇▇ Contact person: Cheng Bin The Buyer: Recipient: Qiao Xing Universal Telephone,Inc Address: Qiao Xing Industrial Zone, TangQuan, HuiZhou, Guangdong Post code:516023 Fax: Contact Person: Clause 9.
In the event that, with respect to one or more of the Facilities, the Utility becomes entitled to, and elects to, make cash payments to the Host Customer in the amount of the AOBCs in lieu of allocating the AOBCs to the Buyer Recipient Accounts, Buyer’s obligation hereunder to pay for the Buyer Allocation Percentage of the Electricity shall remain in effect but Seller shall instead cause the Host Customer to deliver to Buyer a portion of such cash payments equal to the Buyer Allocation Percentage.
In order to facilitate Buyer’s ability to use AOBCs allocated to the Buyer Recipient Accounts, Buyer shall arrange for the charges for its electricity purchases from competitive electricity suppliers (if any) to be billed through its Utility invoices.