TRS Agreement definition
Examples of TRS Agreement in a sentence
The Borrower has not conducted any business or other activities other than entry into and performance under the TRS Agreement and activities incidental thereto, including in connection with the termination of the TRS Agreement and the merger of 405 Loan Funding LLC with and into the Borrower on the Closing Date.
The TRS Agreement is a “swap agreement” as such term is defined in the Bankruptcy Code.
If one or more Tail Book Assets has not been Transferred to the Purchaser prior to the expiration of the FERC Gas Waivers and the performance by any Party or its Affiliates of its obligations in respect of such Tail Book Asset or any Mirror Trade or TRS Agreement related thereto, then the Parties shall, and shall cause their Subsidiaries to, take the actions set forth in Schedule 7.15.
The Seller TRS Parties shall have the right to rely upon and comply with instructions and directions sent by e-mail, facsimile and other similar unsecured electronic methods or delivered orally (including telephonically), in each case by persons reasonably believed by such Seller TRS Party to be authorized to give instructions and directions on behalf of the Purchaser hereunder and under the applicable TRS Agreement (without any obligation of verification or confirmation.
The Directors consider that the entry of the Supplemental TRS Agreement constitutes a material change to the terms of the TRS Agreement (Thriving Achieve) and therefore the Company shall re-comply with the requirements under Rule 14.36 of the Listing Rules.
Upon the effective date of each such novation and assignment of such CG&E Transactions, the corresponding rights and obligations of CG&E and CMT under the TRS Agreement with respect to such CG&E Transaction shall terminate, all in accordance with and subject to the terms and conditions of Section 2.2 of the TRS Agreement.
Each Party shall submit such filings as soon as practicable, but in no event later than five (5) Business Days (subject to extension by mutual agreement) after the execution hereof for filings with the FERC for authorization of the transactions contemplated by this Agreement (including the TRS Agreement, the Transition Services Agreement and the Services Agreement) pursuant to Section 203 of the FPA.
The transactions contemplated in the AFR Agreement and the TRS Agreement (collectively, the “Related Transactions”) shall be prepared to, and shall, close contemporaneously with this Agreement.