Subsequent Party definition
Examples of Subsequent Party in a sentence
Upon request of Project Company, Developer or any Subsequent Party, each other Party shall execute all consents to said assignment to any such lender on reasonably acceptable terms and conditions.
Each Seller acknowledges that the Purchaser shall assign all of its rights hereunder to the Collateral Agent and acknowledges that pursuant to the Trust Agreement, the Collateral Agent shall have certain rights to transfer certain of its rights upon a Trust Agreement Event of Default to the holders of the related Notes (each, a "Subsequent Party").
Subsequent Parties will not, directly or indirectly, either for itself or for any other person, firm, or corporation, solicit, communicate to without expressed permission by First party, take any action or contract with any property, buyer or seller that was worked on cooperatively by First Party and Subsequent Party.
Such amended budget shall identify the initial contribution of each Party that is a signatory to this Agreement after the Effective Date ("Subsequent Party Initial Contribution") and shall be attached to this Agreement as an amendment at the time of such Party's execution of this Agreement.
The Collateral Agent and each such Subsequent Party shall have the rights of third-party beneficiaries under this Agreement.
Each Seller consents to such assignment and agrees that the Collateral Agent and each Subsequent Party, each to the extent provided in the Trust Agreement, shall be entitled to enforce the terms of this Agreement and the rights (including, without limitation, the right to grant or withhold any consent or waiver) of the Purchaser directly against such Seller, whether or not a Purchase Termination Event or a Servicer Termination Event has occurred.
The Authority shall be solely responsible for all contributions to a Party's Volunteer Pension Fund after payment of the Party's First Party Initial Contribution or Subsequent Party Initial Contribution, as applicable, pursuant to paragraph 7(a)(ii)(2) above, regardless whether the Authority has been substituted as the sponsoring entity.
The Authority shall be solely responsible for all contributions to a Party's New Hire Pension Fund after payment of the Party's First Party Initial Contribution or Subsequent Party Initial Contribution, as applicable, pursuant to paragraph 7(a)(ii)(2) above, regardless whether the Authority has been substituted as the sponsoring entity.
Subsequent Party shall have no obligation to purchase any Manager’s Receivables aged over one hundred eighty (180) days, provided that Subsequent Party shall deliver any such receivables actually collected by Subsequent Party to Manager within five (5) days of Subsequent Party’s receipt thereof”, together with a provision consistent with the terms of clause (i) hereof to apply with respect to the Manager’s Initiation Fee Receivables.
Within 30 calendar days of signing this Agreement, each Party shall pay its First Party Initial Contribution or Subsequent Party Initial Contribution, as applicable.