Examples of Right of Substitution in a sentence
For the avoidance of doubt, T-Mobile Collocator may only exercise a Right of Substitution one time with respect to each Site.
If at any time during the Term there is any Available Space at any Site, then AT&T Collocator shall have the Right of Substitution as to such Available Space.
If AT&T Collocator exercises its Right of Substitution as to any Available Space, then, upon execution of the amendment to the subject Site Lease Agreement, such Available Space shall become the AT&T Collocation Space and the former AT&T Collocation Space shall no longer be AT&T Collocation Space for all purposes of this Agreement.
AT&T Collocator shall, at AT&T Collocator’s cost and expense, complete the relocation of its AT&T Communications Equipment within sixty (60) days of the execution of the amendment to the subject Site Lease Agreement following the exercise of its Right of Substitution and return the previously existing AT&T Collocation Space to its original condition, ordinary wear and tear excepted.
Receive Obligation The term “Receive Obligation” means a Netting Member’s obligation to receive Eligible Netting Securities from the Corporation at the appropriate Settlement Value (i) in satisfaction of all or a part of a Net Long Position, (ii) in satisfaction of a Same-Day Settling Trade or (iii) to implement a collateral substitution in connection with a Repo Transaction with a Right of Substitution.