Substitute Agreement definition

Substitute Agreement shall have the meaning set forth in Section 1(a)(i).
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Substitute Agreement means the corporate or other entity governance documents enacted by the Shareholders in the place of this Agreement, but incorporating the terms set forth herein, in the event the Shareholders decide to use a newly formed SPE to operate the Channahon Facility in the place of the Company.
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Substitute Agreement is defined in Section 22.1.
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Examples of Substitute Agreement in a sentence

  • In addition, at Closing, Purchaser and Seller shall enter into a release of the CC1/CC3 Initial Agreement (the “CC1/CC3 Release”), which shall be in recordable form and held in escrow by the Escrow Agent pursuant to written instructions from Purchaser and Seller instructing the Escrow Agent to record the CC1/CC3 Release upon receipt of the CC1/CC3 Substitute Agreement.

  • In addition, at Closing, Purchaser and Seller shall enter into a release of the CC4/CC6 Initial Agreement (the “CC4/CC6 Release”), which shall be in recordable form and held in escrow by the Escrow Agent pursuant to written instructions from Purchaser and Seller instructing the Escrow Agent to record the CC4/CC6 Release upon receipt of the CC4/CC6 Substitute Agreement.

  • In such event, as long as the Foundation continues to use best efforts to secure a Substitute Agreement, the Foundation shall not be deemed to be in default of Section 3(b) hereof.

  • To the extent that Licensee continues to have pre-payments available, the remaining pre-payment shall apply under the Substitute Agreement.

  • The Substitute Agreement shall conform in all material terms, aspects, ownership percentages, profit allocations and respects with this Agreement and incorporate all terms and purposes hereof into such Substitute Agreement.

  • In the event of such Transfer an appropriate Substitute Agreement shall be prepared and executed.

  • However, the Foundation hereby agrees that in the event that AMNH Agreement shall expire, terminate or otherwise not be renewed during the Term of this Agreement, the Foundation shall use best efforts to secure a substantially similar contractual agreement to provide exhibits for the Museum from a similar institution or educational facility (the "Substitute Agreement"), which Substitute Agreement shall be approved by the City in its reasonable discretion.

  • If Licensee elects a Substitute Agreement, Licensee shall, as a condition precedent to the effectiveness of the Substitute Agreement, pay all royalties owed (or credit prepayments) based on this Agreement for Covered Subscriber Unit sales made prior to the date Licensee executes the Substitute Agreement.

  • Licensee shall have the right to substitute for this Agreement the more favorable license agreement in its entirety (the "Substitute Agreement") and such substitution shall constitute a novation of this entire Agreement.

  • Until the execution of the Substitute Agreement, this Agreement shall continue to govern the Shareholders.


More Definitions of Substitute Agreement

Substitute Agreement has the meaning ascribed to it in Section 1.4(b).
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