POSCO Power or POSCO Affiliate definition

POSCO Power or POSCO Affiliate shall write up and send to FCE the statement of payment based on the xxxx sent by FCE and directly pay the corresponding amount in US dollars along with the statement of payment by applying the first basic rate of foreign exchange (USD) as of the date the xxxx is paid.  Payment Date: 30 days within the date on the bxxx issued by FCE ‚ Payment Method: wire transfer to a bank account designated by FCE
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POSCO Power or POSCO Affiliate shall write up and send to FCE the statement of payment based on the xxxx sent by FCE and directly pay the corresponding amount in US dollars along with the statement of payment by applying the first basic rate of foreign exchange (USD) as of the date the xxxx is paid.  Payment Date: 30 days within the date on the bxxx issued by FCE ‚ Payment Method: wire transfer to a bank account designated by FCE Attachment 2 Target Schedule for Technology Transfer 2009 2010 2011 Infrastructure Factory and Facility Joint Committee: Factory Design and Ground-breaking Factory Construction and Equipments order Equipments installation and test Ceremony for the completion Personnel FCE Recommendation of organization 1st Employment 2nd Employment System Study of FCE process control system PP system set-up for process control Process Assembly Preview of Process 1st OJT in Torrington 2nd OJT in Torrington 3rd OJT in Pohang Conditioning 1st OJT in Danbury 2nd OJT in Pohang Teardown 1st OJT in Pohang (or Danbury) at available module Documents Documents transfer and Review Translation of all tech. and education materials in Korean Study of documents Components NRC Documents transfer and Review Q&A in Danbury FCE NRC vendor tour Study of documents and tech. transfer Korea vendor Qualifying Prototype Module w/ localized NRC Exhibit B October 23, 2009 Mx. X. X. Xxxxx President and Chief Executive Officer FuelCell Energy, Inc. 0 Xxxxx Xxxxxxx Xxxx Xxxxxxx, XX 00000 Subject: Approval of Transfer of Fuel Cell Technology Cooperative Agreement DE-FC21-95MC31184 Gentleman: In accordance with my delegated authority, I accept the “adequate recognition” as set forth in your letter dated October 19, 2009 and October 23, 2009. I hereby approve your request to transfer fuel cell technology from FuelCell Energy, Inc. (FCE) to POSCO of South Korea in accordance with the following conditions identified. FCE will transfer fuel cell stack assembly and conditioning know-how, as well as design drawings and data related to “non-repeating” components of the fuel cell stack module (i.e. components other than the core fuel cell technology). Non-repeating components include stack supporting hardware enclosures, insulation, and piping, but exclude the core fuel cell component designs, materials, and manufacturing processes, as well as designs and manufacturing processes related to FCE’s proprietary direct internal reforming technology. Under the proposed new agreement, FCE would continue to manufacture the ...
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Examples of POSCO Power or POSCO Affiliate in a sentence

  • POSCO Power or POSCO Affiliate agrees to provide updates to FCE whenever the payment standard for traveling expenses is changed.

  • Documented travel and living expenses for FCE personnel during visits to POSCO Power/POSCO Affiliate facilities in Korea or other locations, when carried out pursuant to this TTP or at the request of POSCO Power or POSCO Affiliate, shall be borne by POSCO Power or POSCO Affiliate, or if paid by FCE, shall be reimbursed to FCE.

  • Documented travel and living expenses for FCE personnel during visits to POSCO Power/POSCO Affiliate facilities in Korea or other locations, when carried out pursuant to this STTP or at the request of POSCO Power or POSCO Affiliate, shall be borne by POSCO Power or POSCO Affiliate, or if paid by FCE, shall be reimbursed to FCE.

Related to POSCO Power or POSCO Affiliate

  • Downstream Affiliate means an entity whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than 50 per cent. owned, directly or indirectly, by the Reference Entity.

  • Non-Affiliate means, for any specified Person, any other Person that is not an Affiliate of the specified Person.

  • BHC Affiliate has the meaning assigned to the term “affiliate” in, and shall be interpreted in accordance with, 12 U.S.C. §1841(k).

  • Excluded Affiliate means any Affiliate of any Agent that is engaged as a principal primarily in private equity, mezzanine financing or venture capital.

  • Subject Company shall have the meaning set forth in Section 6.10(a).

  • Screened Affiliate means any Affiliate of a Holder (i) that makes investment decisions independently from such Holder and any other Affiliate of such Holder that is not a Screened Affiliate, (ii) that has in place customary information screens between it and such Holder and any other Affiliate of such Holder that is not a Screened Affiliate and such screens prohibit the sharing of information with respect to the Company or its Subsidiaries, (iii) whose investment policies are not directed by such Holder or any other Affiliate of such Holder that is acting in concert with such Holder in connection with its investment in the Notes, and (iv) whose investment decisions are not influenced by the investment decisions of such Holder or any other Affiliate of such Holder that is acting in concert with such Holders in connection with its investment in the Notes.

  • Seller Affiliate means any Affiliate of Seller.

  • Plan Affiliate means any other Person with whom the First Person constitutes or has constituted all or part of a controlled group, or which would be treated or have been treated with the First Person as under common control or whose employees would be or have been treated as employed by the First Person, under Section 414 of the Code or Section 4001(b) of ERISA and any regulations, administrative rulings and case law interpreting the foregoing.

  • Qualified Affiliate means an Affiliate of a Lender who has executed and delivered to the Administrative Agent an instrument of adhesion in the form set forth in Schedule J.

  • Controlled Affiliate means any corporation, limited liability company, partnership, joint venture, trust or other entity or enterprise, whether or not for profit, that is directly or indirectly controlled by the Company. For purposes of this definition, “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of an entity or enterprise, whether through the ownership of voting securities, through other voting rights, by contract or otherwise; provided that direct or indirect beneficial ownership of capital stock or other interests in an entity or enterprise entitling the holder to cast 15% or more of the total number of votes generally entitled to be cast in the election of directors (or persons performing comparable functions) of such entity or enterprise shall be deemed to constitute control for purposes of this definition.

  • Originating Affiliate means an Affiliate of AmeriCredit that has originated Receivables and assigned its full interest therein to AmeriCredit.

  • Business Entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • Project Company means Company incorporated by the bidder as per Indian Laws in accordance with Clause no 3.5.

  • Valid Third Party Entity In respect of any transaction, any third party that the Calculation Agent determines has a bona fide intent to enter into or consummate such transaction (it being understood and agreed that in determining whether such third party has such a bona fide intent, the Calculation Agent shall take into consideration the effect of the relevant announcement by such third party on the Shares and/or options relating to the Shares and, if such effect is material, may deem such third party to have a bona fide intent). Nationalization, Insolvency or Delisting: Cancellation and Payment (Calculation Agent Determination); provided that, in addition to the provisions of Section 12.6(a)(iii) of the Equity Definitions, it will also constitute a Delisting if the Exchange is located in the United States and the Shares are not immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or their respective successors); if the Shares are immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or their respective successors), such exchange or quotation system shall thereafter be deemed to be the Exchange. Additional Disruption Events: Change in Law: Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended by (i) replacing the phrase “the interpretation” in the third line thereof with the phrase “, or public announcement of, the formal or informal interpretation,” (ii) replacing the word “Shares” with the phrase “Hedge Positions” in clause (X) thereof and (iii) inserting the parenthetical “(including, for the avoidance of doubt and without limitation, (x) any tax law or (y) adoption, effectiveness or promulgation of new regulations authorized or mandated by existing statute)” at the end of clause (A) thereof. Failure to Deliver: Applicable Hedging Disruption: Applicable; provided that:

  • SRC means the Securities Regulation Code of the Philippines.

  • Wholly-Owned Affiliate has the meaning specified in Rule 2 of Regulation RR.

  • Permitted Affiliate means with respect to any Person (a) any Person that directly or indirectly controls such Person, and (b) any Person which is controlled by or is under common control with such controlling Person. As used in this definition, the term “control” of a Person means the possession, directly or indirectly, of the power to vote eighty percent (80%) or more of any class of voting securities of such Person or to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

  • Corporate Affiliate means any parent or subsidiary corporation of the Corporation (as determined in accordance with Code Section 424), whether now existing or subsequently established.

  • Sub-Licensee means all person/ agency with whom Licensee has executed sub license agreement as per terms and conditions of license agreement executed between DMRC and the Licensee, for commercial utilization of the Bare Spaces.

  • Covered Affiliate has the meaning assigned to the term “affiliate” in, and shall be interpreted in accordance with, 12 U.S.C. § 1841(k).

  • Affiliate means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

  • Seller Group Member means (a) Seller and its Affiliates, (b) directors, officers and employees of Seller and its Affiliates and (c) the successors and assigns of the foregoing.

  • Participating Affiliate means an Affiliate which has been designated by the Committee in advance of the Purchase Period in question as a corporation whose eligible Permanent Full-Time Employees may participate in the Plan.

  • Supplier Group means the Supplier and its Affiliates from time to time and "Supplier Group Company" means any company or corporation within the Supplier Group;