Most Favored Nations definition
Most Favored Nations. The Contractor shall provide prices for Materials and Services at a rate not greater than the rate offered to the State of Illinois or any other unit of local government. In the event that the Contractor agrees to provide Materials or Services to the State of Illinois or any other unit of local government at a rate lower than that then in effect under this Contract, Contractor shall offer to adjust the price to the Authority accordingly. The Contractor shall submit invoices for payment to the Authority upon delivery of the Goods and Services, indicating the Goods and Services provided and any authorized reimbursable expenses incurred during the preceding month and the charges therefore as any approved Additional Services conducted during the preceding billing period. Payment will be made on the basis of approved invoices and such supporting documentation as the Authority may require. If the Authority objects to all or any portion of any invoice, it shall promptly notify Contractor of its objection and both parties shall immediately make every effort to promptly settle the disputed portion of the invoice. In the event the settlement of a disputed portion of an invoice is not reached by the date that payment authorization is due, then the Authority shall pay only that portion of the invoice that is not in dispute. Neither the initial payment nor any later progress payment constitutes acceptance of the Services or any deliverables provided under this Contract. No additional or altered terms and conditions shall be included with the invoice except as are permitted and consistent with the terms of the Contract Documents. Contractor shall be solely responsible to ensure that sub-Contractors are timely paid all amounts due them in connection with the performance of this Contract. After the first partial payment under the Contract, the Authority may withhold later partial payments until Contractor submits evidence satisfactory to the Authority that all amounts Contractor owes in connection with performance of this Contract have been paid. Further, the Authority is entitled, after giving notice to Contractor, to pay all persons who have not been paid the monies due to them in connection with the Contract, whether or not a claim or lien has been filed, unless Contractor, within ten (10) calendar days after notice is given either (i) demonstrates to the Authority’s reasonable satisfaction that these sums are not due or (ii) provides the Authority adequate security. E...
Most Favored Nations. In the event the company takes over servicing any building covered by section 1.1 of this Agreement from another employer who is party to an agreement with the union covering the security officers at such facility, the company may adopt the economic terms in effect at the building, even if those terms are lower than those contained in this agreement. No agreement shall be made by the Union with other Companies in this industry which contains any terms more favorable to any Company than the terms of this agreement, including Territorial Jurisdiction. The Union agrees to inform the Company upon the signing of this Agreement by any new signatory.
Most Favored Nations basis shall mean that Supplier shall provide Drugs to CHS on the same basis that it provides Drugs to any other entity with which it has a management contract, but shall not require Supplier to treat CHS the same as Supplier's direct patients.
Examples of Most Favored Nations in a sentence
Further, the Employers agree that none of them will use the Most Favored Nations Clause regarding “leased property”.
Any economic phase-in schedule agreed to by the parties shall not be deemed a violation of the Most Favored Nations provision as long as the phase-in schedule is extended to any other signatory Employer who performs work at that particular account.
The terms of this Agreement shall not apply to any traffic to which an Most Favored Nations clause which was entered into prior to the time KCS acquires control of TFM applies.
Without limiting Gilat's obligations under the Most Favored Nations provisions of Section 4, the pricing provisions related to the provision of Gilat Products & Services hereunder shall be renegotiated in good faith between the parties every two years, and such renegotiated pricing provisions shall be attached hereto and become a part hereof.
The undersigned Holder hereby waives, and elects not to exercise, any rights Holder may otherwise have under the provisions of Section 1(d) (Most Favored Nations) of the Original Note with respect to the Interim Debt Financing or Senior Debt Modifications, to the extent either the Interim Debt Financing or Senior Debt Modifications would constitute “Other Debt” as defined in such Section 1(d).
More Definitions of Most Favored Nations
Most Favored Nations. CLAUSE ON SUBSEQUENT SALE. If within two (2) years of the date of a Closing under Section 5.2 (a "Prior Sale"), ▇▇▇▇▇▇▇ ▇▇▇▇ enters into one or more related transactions, the effect of which is to sell the Shares purchased pursuant to this Section 5.1, ▇▇▇▇▇ ▇▇▇▇ shall be entitled to receive from ▇▇▇▇▇▇▇ ▇▇▇▇, an additional payment for each of Shares so purchased in the amount of the excess, if any, of (i) the "Net Purchase Price" per Share received by ▇▇▇▇▇▇▇ ▇▇▇▇ in connection with the transaction, over (ii) the applicable purchase price per Share received by ▇▇▇▇▇ ▇▇▇▇ in the Prior Sale (the "Excess Price"). The Net Purchase Price per Share shall be the price actually received by ▇▇▇▇▇▇▇ ▇▇▇▇ in connection with the transaction, after deducting all expenses of the sale, including without limitation, fees and expenses of attorneys, accountants, appraisers, investment bankers, brokers, finders and other consultants and professionals; recording fees; closing costs; and transfer and sales taxes.
Most Favored Nations discount (the "TMCS Advertising Services"). The parties will work together to select mutually agreeable locations for the TMCS Advertising Services. Placement and timing of the TMCS Advertising Services will be on an "as available" basis and may be preempted for paid advertising or promotion, provided however that TMCS will act in good faith and use commercially reasonable efforts to accommodate the reasonable requests of FairMarket. The TMCS Advertising Services will be made available only during the one-year period beginning on the Effective Date, and following the expiration of such one-year period TMCS shall have no further obligation to provide any TMCS Advertising Services.
Most Favored Nations price for the purpose of this agreement will be the lowest net price received by Nonni's from any customer for the specific store keeping unit ("sku") of the Royalty Bearing Product during the 30 day period immediately preceding the order from MFB, less an offset for the amount of the running royalty otherwise due from Nonni's to MFB which will instead be credited against the purchase price charged by Nonni's to MFB.
Most Favored Nations provisions;
Most Favored Nations means the most favorable terms and lowest price offered to any customer on the relevant system at the time of determination.
Most Favored Nations. Rights. The Investment Manager confirms, for the avoidance of doubt, that (i) in connection with any investment or commitment by FGL or its Subsidiaries with respect to any commingled investment fund sponsored by the Investment Manager or its Affiliates (each, an “Underlying BX Fund”), FGL or such Subsidiary will receive customary “most favored nations” economic rights with respect thereto based on the prevailing “most favored nation” provision available to third-party investors or Other General Account Insurance Clients (as defined below) with a capital commitment to such Underlying BX Fund that is equal to or less than the capital commitments of FGL and its Subsidiaries generally, and subject to customary conditions and limitations, including, for the avoidance of doubt, rights described in the underlying governing documents and disclosure documents of such Underlying BX Fund and the disclosure documents provided to FGL or such Subsidiary in connection with the Investment Management Agreements, (ii) with respect to any investment management agreement that is entered into between the Investment Manager and any other U.S. domiciled life insurance or annuity company that is substantially similar to the Investment Management Agreements relating to the Companies (including, for the avoidance of doubt, management by the Investment Manager of the entire general account of such other life insurance or annuity company) (any such insurance company, an “Other General Account Insurance Client”), then the Companies shall be granted “most favored nations” economic rights with respect to the management fee charged by the Investment Manager to such Other General Account Insurance Client under such investment management agreement, and (iii) with respect to any sub-management arrangements (taken as whole) that are entered into between the Investment Manager or its Affiliates and any Other General Account Insurance Client that (x) are substantially similar to the sub-management agreements with Sub-Mangers that are Affiliates of the Investment Manager (taken as a whole) relating to the Companies and (y) relate to assets under management of such general account that are equal to or less than the amount of Subject Assets at such time, then the Companies shall be granted “most favored nations” economic rights with respect to the sub-management fees (taken as a whole) charged by the Investment Manager or its Affiliates to such Other General Account Insurance Client under such s...
Most Favored Nations provisions or covenants or other provisions applicable only to periods after the maturity date of the Loans being refinanced) shall be either, (i) taken as a whole, no more favorable to the lenders providing such Indebtedness, in their capacity as such, or (i) on market terms at the time of the establishment of such Indebtedness, in each case, as determined by Parent Borrower in good faith (except for (x) covenants or other provisions applicable only to periods after the latest maturity date of the relevant Loans being refinanced or (y) to the extent any more restrictive covenant or provision is added for the benefit of (A) with respect to any such Indebtedness incurred as term B loans, such covenant or provision is also added for the benefit of each Facility remaining outstanding after the incurrence or issuance of such Indebtedness or (B) with respect to any revolving facility or Customary Term A Loans, such covenant or provision (except to the extent only applicable after the maturity date of the Revolving Credit Facility) is also added for the benefit of the Revolving Credit Facility to the extent it remains outstanding after the incurrence of such Indebtedness; it being understood and agreed that in each such case, no consent of the Administrative Agent and/or any Lender shall be required in connection with adding such covenant or provision). “Refinancing Revolving Credit Commitments” means Incremental Revolving Credit Commitments that are designated by a Responsible Officer of Parent Borrower as “Refinancing Revolving Credit Commitments” in a certificate of a Responsible Officer of Parent Borrower delivered to the Administrative Agent on or prior to the date of incurrence. “Refinancing Term Loans” means Incremental Term Loans that are designated by a Responsible Officer of Parent Borrower as “Refinancing Term Loans” in a certificate of a Responsible Officer of Parent Borrower delivered to the Administrative Agent on or prior to the date of incurrence. “Register” has the meaning specified in Section 10.07(d). “Rejection Notice” has the meaning specified in Section 2.05(b)(v). “Release” means any release, spill, emission, discharge, disposal, leaking, pumping, pouring, dumping, emptying, injection or leaching of Hazardous Materials into or through the Environment or into, from or through any building, structure or facility. “Relevant Governmental Body” means the Board of Governors of the Federal Reserve System and/or the Federal Reserve Bank of New Yor...