Ability to Substitute Clause Samples

The "Ability to Substitute" clause grants one party the right to replace a person, service provider, or product with an alternative that meets agreed-upon standards or requirements. In practice, this means that if the original individual or item is unavailable or unsuitable, a substitute can be provided as long as it fulfills the contract's obligations, such as a contractor sending a qualified replacement worker or swapping out equipment. This clause ensures continuity of service or performance and addresses potential disruptions by allowing flexibility in how contractual duties are fulfilled.
Ability to Substitute. The Management Compensation Committee shall have the ability to substitute, without receiving participant permission, Stock Appreciation Rights (SARs) paid only in stock for outstanding options; provided, that the number of substituted SARs equals the number of shares underlying the options and the Exercise Price of the SARs is equal to the Exercise Price of the options.
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Ability to Substitute. If necessary to preserve for each Party the economic benefits bargained for under this Attachment, the Parties agree to consider, in good faith, alternate methods of computing payments under this Section 3.03 as a substitute for the present provisions. Any method substituted shall have as its objective to produce a fair estimate of the OPEB expense and other payments as set forth in this Section 3.03. The Parties may agree to substitute an alternative method of computing reimbursement under this Section 3.03.
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Ability to Substitute. The Parties may agree to substitute an alternative method of computing reimbursement under this Attachment. The method substituted shall have as its objective to produce a fair estimate of the pension and OPEB expense and other reimbursement charges set forth in this Attachment, and should preserve for each Party, to the extent possible, the economic benefits bargained under this Attachment. Without limiting the rights of Ford and Visteon as provided above, the Parties agree to jointly evaluate and equitably refine the reimbursement mechanism described in this Attachment as applied to periods following the earlier to occur of (A) termination of the Agreement, and (B) the date, if any, on which all or a significant portion of the Ford Assigned Employees become Visteon Hourly Employees.
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Ability to Substitute. Each of the parties hereby agrees that at any time after the date hereof but in any event no later than five Business Days prior to Completion (the “Substitution Date”) the Principal Purchaser may substitute up to 5 direct or indirect subsidiaries of the Purchasers (each a “Substitute Purchaser”) as the Purchasers of some or all of the Assets (the “Substituted Assets”) in place of the Principal Purchaser as if the Substitute Purchaser(s) had been a party to this Agreement ab initio, provided that: (i) such substitution shall not cause or allow any burden, delay or cost to be incurred by the Sellers as a result of such substitution; and (ii) each Substitute Purchaser is incorporated in the jurisdiction of the Assets to be acquired by such Substitute Purchaser or in another jurisdiction reasonably acceptable to the Sellers.
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Ability to Substitute. A. An IPP/SNA may substitute for a teacher. The IPP/SNA must accept the sub assignment that has been submitted by the teacher in the substitute system. The IPP or SNA must be on the sub list at Human Resources. B. The IPP/SNA would then indicate the day as a professional leave day on his/her timesheet and complete a blue sheet to be paid for the day. The IPP/SNA will be paid at the substitute rate or their regular hourly rate of pay, whichever is greater. C. Once the administration is aware that the IPP/SNA is subbing then every attempt will be made to hire a sub for the IPP/SNA.
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Ability to Substitute 
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Related to Ability to Substitute

  • Ability to Service The Servicer is an approved seller/servicer of conventional residential mortgage loans for ▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ Mac, with the facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans. The Servicer is in good standing to service mortgage loans for either ▇▇▇▇▇▇ Mae or ▇▇▇▇▇▇▇ Mac. The Servicer is a member in good standing of the MERS system;

  • Ability to Abandon CVR A Holder may at any time, at such Holder’s option, abandon all of such Holder’s remaining rights in a CVR by transferring such CVR to Parent without consideration therefor. Nothing in this Agreement is intended to prohibit Parent from offering to acquire CVRs for consideration in its sole discretion.

  • APPLICABILITY TO SUBCONTRACTORS Respondent agrees that all contracts it awards pursuant to the contract awarded as a result of this Agreement will be bound by the foregoing terms and conditions.

  • Right to Subcontract The Company may subcontract for the provision of services under this Agreement. Client agrees that the provisions of this Agreement are applicable to any subcontractors engaged by Company to provide any service set forth herein

  • Right to suspend 2.1.1 Network Rail may serve a Suspension Notice where a Train Operator Event of Default has occurred and is continuing. 2.1.2 The Train Operator may serve a Suspension Notice where a Network Rail Event of Default has occurred and is continuing.