Principal Contracts definition

Principal Contracts means the Collection Contract and the Disposal Contracts and any contracts replacing such contracts and such other contracts as the Board may administer from time to time on behalf of the Partner Authorities;
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Principal Contracts as defined in the Assignment of Principal Contracts; (d) the "Receivables" as defined in the Assignment of Book Debts, (e) the Operating Account and (f) all other collateral of whatever nature purported to be subject to the Lien of the Security Documents.
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Principal Contracts the WMRC and RRC
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Examples of Principal Contracts in a sentence

  • When Party A assigns the rights and obligations under the provisions of the Principal Contracts, upon Party A’s request, Party B shall execute relevant agreements and/or documents regarding such assignment.

  • Party B agrees to unconditionally and irrevocably pledge the 50% shares in Party C it holds (the “Pledged Shares”) with Party A, to secure the performance of all the obligations under the Principal Contracts by Party B, Party C and Party C’s Subordinate Entities.

  • The parties further confirm that the clarification of the above clarification for purpose of share pledge registration shall not impair or limit Party A’s rights or interests enjoyed as guarantee in accordance with relevant Principal Contracts and this Agreement.

  • However, if the principal of debt is increased or if the loan term is extended, Party B shall continue to assume the security liability according to the amount and term specified in the original Principal Contracts if the increase or extension is not consented by Party B in writing.

  • The share pledge under this Agreement shall become effective upon registration with the industry and commerce administrative authority of Party C, and remain effective until all the Principal Contracts are completely performed, expire or are terminated (whichever is later).

  • Party B is not required to confirm any single credit facility contract, debt note or other certificate of credit facility under the Principal Contracts which does not exceed the provisions of the Principal Contracts.

  • The execution of the Principal Contracts shall be within the above period, but the performance period of the Principal Contracts is not limited to the above period.

  • The parties agree that Party B will use the collaterals hereunder to provide security for all debts under the Principal Contracts.

  • This Agreement shall become effective from the date when the Agreement is signed by the Parties and terminate upon the termination of the Principal Contracts (or any agreement of extension, if any) and the termination of any obligations of Party B or Party C under the Principal Contracts which extend beyond the termination of such Principal Contracts.

  • The insurance proceeds paid by the insurer shall be first used to repay the debts under the Principal Contracts.


More Definitions of Principal Contracts

Principal Contracts means the contracts listed on Schedule 1.01(e).
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Principal Contracts shall have the meaning set forth in Section 3.5 hereof.
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Related to Principal Contracts

  • principal contractor means an employer appointed by the client to perform construction work;

  • Initial Contracts means those Contracts conveyed to the Trust on the Closing Date.

  • Principal Collections means Collections of Principal Receivables.

  • Planned Principal Classes As specified in the Preliminary Statement.

  • Lower-tier subcontract, as used in this clause, means any contract, as defined in FAR Subpart 2.1, entered into by a lower-tier Subcontractor to furnish supplies or services for performance of the subcontract or a lower-tier subcontract. It includes, but is not limited to, purchase orders, and changes and modifications to purchase orders.