Most Favoured definition

Most Favoured. Nation" status If the financial covenants relating to minimum liquidity of the Xxxx Drilling Group provided by or on behalf of Xxxx Drilling (on a consolidated basis) in favour of any other creditor (including any of the Other Secured Creditors but excluding in respect of Ring Fenced Liquidity) should change from time to time or in any way be more favourable than the corresponding financial covenants in favour of the Seller, then within 30 days after the time of such changes becoming effective Xxxx Drilling shall notify the Seller in writing, which notice shall attach the revised financial covenants and illustrate the changes. If the Seller is of the opinion that the revised financial covenants are more favourable than the then current ones, the Seller has the right to change such financial covenants to reflect the said revisions for the period that the financial covenants in favour of any other bank or financial institutions are in effect. If the revised financial covenants represents a waiver, amendment, deletion or otherwise a revision which is more favourable to the Xxxx Drilling Group than the then current covenants, the Parties agree that the undertakings in Clause 8.3 shall be deemed to be adjusted to reflect the said waivers, amendments, deletions or other revisions for the period in accordance with the revised financial covenants agreed with any such other bank or financial institution. 9.
Sample 1

Examples of Most Favoured in a sentence

  • Price # Most Favoured Customer 1.1 The Proposer confirms that the fees, rates and charges and related pricing terms with respect to the services specified in the Proposal are the most favourable pricing terms available to any customer of the Proposer (or any of the Proposer#s affiliates).

  • Price # Most Favoured Customer 1.1 The Proposer confirms that the fees, rates and charges and related pricing terms with respect to the services specified in the Proposal are the most favourable pricing terms available to any customer of the Proposer (or any of the Proposer’s affiliates).

  • The STRI database records measures on a Most Favoured Nations basis.

  • Most Favoured Nation (MFN) tariffs a normal, non-discriminatory tariff charged on imports from other members of the WTO, unless the country is part of a preferential trade agreement (such as a free trade area or customs union).

  • Jako że jedną z kluczowych reguł systemu GATT/WTOWspółczesny regionalizm handlowy na przykładzie Aliansu Pacyficznego 145 jest bezwarunkowe stosowanie Klauzuli Najwyższego Uprzywilejowania (Most Favoured Nation – MFN) w odniesieniu do wszystkich państw członkowskich, porozumienie o wolnym handlu musi spełniać trzy warunki zapisane w artykule XXIV GATT.

  • The first percentage value in column 2 after the words "Entry Price" is a percentage of the by-value UK WTO Most Favoured Nation (MFN) rate for the goods classified under the relevant commodity code, in the relevant row of the Tariff Table in Annex II of the Tariff of the United Kingdom version 1.0 of 13 March 2019 made under the Tariff Regulations.

  • The Parties agree that upon entry into force of this Agreement, the products included in Tables A.1 and A.2 will be subject to the Most Favoured Nation (MFN) applied tariff during the months specified.

  • The Standing Offer Authority may also require a certification, before approving a revision that the pricing satisfies the requirement described in the article entitled “Price Protection – Most Favoured Customer”.

  • A State Party may maintain a measure which is inconsistent with paragraph 1, provided it is listed in the Most Favoured Nation (MFN) exemption list.

  • The Parties agree that CARICOM shall grant Most Favoured Nation treatment in the application of the customs tariff in respect of all imports from Colombia.

Related to Most Favoured

  • Level V Pricing applies on any day if no other Pricing Level applies on such day.

  • Firm Order Confirmation or "FOC" means the notice Qwest provides to CLEC to confirm that CLEC's Local Service Order (LSR) has been received and has been successfully processed. The FOC confirms the schedule of dates committed to by Qwest for the Provisioning of the service requested.

  • Replacement Engine means a [Engine Manufacturer and Model] engine (or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe with the other Engine (or any other Replacement Engine being substituted simultaneously therewith)) that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 or Section 7.05 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine from time to time that are excluded from the definition of Parts.

  • by Moody's, F1+" by Fitch and "A-1" by Standard & Poor's (to the extent they are Rating Agencies hereunder).

  • Level I Pricing applies on any day on which the Borrower’s long-term debt is rated A+ or higher by S&P or A1 or higher by Moody’s.

  • Approved Pricing Service means a pricing or quotation service as set forth in Schedule 1.01(a) or any other pricing or quotation service approved by the Board of Directors of the Borrower and designated in writing to the Administrative Agent (which designation shall be accompanied by a copy of a resolution of the Board of Directors of the Borrower that such pricing or quotation service has been approved by the Borrower).

  • Indicator means a quantitative or qualitative factor or variable that contributes to better understanding progress in implementing;

  • Level IV Pricing applies on any day on which (i) the Borrower’s long-term debt is rated BBB+ or higher by S&P or Baa1 or higher by Moody’s and (ii) none of Level I Pricing, Level II Pricing or Level III Pricing applies.

  • Replacement Product means electric generating capacity, capacity-related benefits, environmental attributes, Energy or other electric products from a generation resource other than the Facility that are provided or delivered to replace or substitute for Contract Capacity or Storage Capacity (or any Capacity-Related Benefit, Environmental Attribute, Other Electric Product, Contract Energy, or Storage Energy associated therewith), in each case, in whole or in part, pursuant to Section 4.6.

  • IntraLATA Toll Traffic means the IntraLATA traffic, regardless of the transport protocol method, between two locations within one LATA where one of the locations lies outside of the mandatory local calling area as defined by the Commission.

  • Phase I Trial means a clinical trial of a Licensed Product in human patients designated as a Phase I Trial and conducted primarily for the purpose of determining the safety of and/or the metabolism and pharmacologic actions of the Licensed Product in humans, as described under 21 CFR § 312.21(a) (as hereafter modified or amended) and any of its foreign equivalents. For purposes of this definition, Phase I Trial shall specifically exclude trials in healthy volunteers.

  • ESG Pricing Provisions has the meaning specified in Section 2.18.

  • Firm Order shall have the meaning set forth in Section 5.2.

  • Parameter means a physical, biological, or chemical property of state water when a value of that