Step-in Right definition

Step-in Right means the right of the Security Agent (on behalf of the Secured Parties), or a representative appointed by it or the Noteholders, to step-in in place, and assume the rights and obligations, of the Issuer under any Direct Agreement.

Step-in Right has the meaning set forth in Section 3.4(f).

Step-in Right has the meaning given in clause 38.2(a).

Examples of Step-in Right in a sentence

• The Step-in Right is by analogy available to the liquidator in case of a composition agreement with assignment of assets.

• Notwithstanding anything to the contrary herein, in the event EKR exercises its Step-in Right pursuant to Section 17.5 of the License Agreement, PPI shall not be responsible for the supply of Product to EKR hereunder during such time that EKR exercises such right and PPI shall not be responsible for the actions or omissions of EKR after exercising such Step-in Right.

• The Step-in Right Notice shall specify the date which EKR intends to exercise the rights associated with the Step-in Right.

• Step-in Right as a Defense to Injunctive Relief If there is a pending dispute between a franchisee and franchisor regarding the legality of an attempted termination, the parties should also consider how a franchisor’s decision to exercise its contractual step-in rights may play into litigation strategy.

• The Company shall keep the Investor promptly informed of any event or circumstance that has resulted in, or is reasonably expected to result in, the Step-in Right becoming exercisable, and may not amend, modify, vary or waive any provision of the CB Repayment Loan if such amendment, modification, variation or waiver would result in such loan ceasing to qualify as a CB Repayment Loan as provided herein.

More Definitions of Step-in Right

Step-in Right has the meaning given in clause 34.1(a). Sustainability Objectives Tax any income, land, indirect and other taxes, levies, imposts, deductions, charges, duties, compulsory loans and withholdings, including financial institutions duty, debits tax or other taxes whether incurred by, payable by return or passed on to another person and includes any interest, penalties, charges, fees, fines or other amounts imposed in respect of any of the above, but does not include GST. Tax Invoice any document or record treated by the Commissioner of Taxation as a tax invoice or as a document entitling a recipient to an input tax credit. Tenements a property or location within the Collection Area. Transfer Station the transfer station identified in the Landfill Management and Transfer Station Services Specification. Transfer Station Service Variation a decrease, increase, omission, addition, substitution or other change to any part of the Services to be performed under the Contract. Variation Quotation a quotation from the Contractor which sets out the Contractor’s additional costs or savings and the effect on the Services Date for Completion for performing a Variation requested under clause 32.1(a). VendorPanel WALGA’s online quotation, compliance and contract management system, as updated from time to time, which includes the system formerly branded as “eQuotes”. Verge Collection and Receptacle Services Specification Verge Collection Point has the meaning given to it in clause 9.2. Verge Collection Program Verge Collection Schedule Verge Collection Service WALGA the Western Australian Local Government Association (ABN 28 126 945 127) of 000 Xxxxxxx Xxxxxx, Xxxx Xxxxxxxxxxx, xx xxx Xxxxx xx Xxxxxxx Xxxxxxxxx. Waste any substance that is placed into a Bin for collection and disposal or processing. Waste Bins a mobile garbage bin or receptacle approved by the Principal for use in the collection of Waste under the Contract. Waste Law 1 all present and future legislation, regulations and local Laws in

Step-in Right has the meaning given in Clause 49.1(b).

Step-in Right has the meaning given to it in Section 2.4(f).

Step-in Right has the meaning given to it in clause 9.6;

Step-in Right is defined in Clause 13.1

Step-in Right has the meaning given in clause 34.1(a). Sustainability Objectives Tax any income, land, indirect and other taxes, levies, imposts, deductions, charges, duties, compulsory loans and withholdings, including financial institutions duty, debits tax or other taxes whether incurred by, payable by return or passed on to another person and includes any interest, penalties, charges, fees, fines or other amounts imposed in respect of any of the above, but does not include GST. Tax Invoice any document or record treated by the Commissioner of Taxation as a tax invoice or as a document entitling a recipient to an input tax credit. Tenements a property or location within the Collection Area. Transfer Station the transfer station identified in the Landfill Management and Transfer Station Services Specification. Transfer Station Service Variation a decrease, omission or other change to any part of the Services to be performed under the Contract. Variation Notice a notice issued by the Principal under clause 32.1(b) directing the Variation Quotation a quotation from the Contractor which sets out the Contractor’s additional costs or savings and the effect on the Services Date for Completion for performing a Variation requested under clause 32.1(a). VendorPanel WALGA’s online quotation, compliance and contract management system, as updated from time to time, which includes the system formerly branded as “eQuotes”. Verge Collection and Receptacle Services Specification Verge Collection Point has the meaning given to it in clause 9.2. Verge Collection Program Verge Collection Schedule Verge Collection Service WALGA the Western Australian Local Government Association (ABN 28 126 945 127) of 000 Xxxxxxx Xxxxxx, Xxxx Xxxxxxxxxxx, xx xxx Xxxxx xx Xxxxxxx Xxxxxxxxx. Waste any substance that is placed into a Bin for collection and disposal or processing. Waste Law 1 all present and future legislation, regulations and local Laws in

Step-in Right has the meaning set out in Clause 45(a).