Conversion from Physical to Virtual Clause Samples

The "Conversion from Physical to Virtual" clause establishes the terms under which a service, event, or process originally intended to occur in a physical setting may be transitioned to a virtual or online format. This clause typically outlines the conditions that must be met for such a conversion, such as unforeseen circumstances or mutual agreement, and may specify how logistics, costs, and participant obligations will be adjusted in the event of a change. Its core practical function is to provide flexibility and clarity for both parties, ensuring that contractual obligations can still be fulfilled even if in-person arrangements become impractical or impossible.
Conversion from Physical to Virtual. Unless it is not practical for technical reasons or because of space limitations, DTI may convert a physical collocation arrangement to a virtual collocation arrangement. DTI's request to do so shall be treated as a new virtual collocation request and DTI shall pay GTE at the applicable tariff rates for construction and rearrangement of DTI's equipment as well as all applicable tariffed virtual collocation recurring charges. If DTI elects to change to a virtual collocation arrangement pursuant to this section, GTE will not refund previous payments for physical collocation received from DTI.
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Conversion from Physical to Virtual. Unless it is not practical for technical reasons or because of space limitations, Tallgrass may convert a physical collocation arrangement to a virtual collocation arrangement. Tallgrass's request to do so shall be treated as a new virtual collocation request and Tallgrass shall pay GTE at the applicable tariff rates for construction and rearrangement of Tallgrass's equipment as well as all applicable tariffed virtual collocation recurring charges. If Tallgrass elects to change to a virtual collocation arrangement pursuant to this section, GTE will not refund previous payments for physical collocation received from Tallgrass.
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Conversion from Physical to Virtual. Unless it is not practical for technical reasons or because of space limitations, KCC may convert a physical collocation arrangement to a virtual collocation arrangement. KCC's request to do so shall be treated as a new virtual collocation request and KCC shall pay GTE at the applicable tariff rates for construction and rearrangement of KCC's equipment as well as all applicable tariffed virtual collocation recurring charges. If KCC elects to change to a virtual collocation arrangement pursuant to this section, GTE will not refund previous payments for physical collocation received from KCC.
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Conversion from Physical to Virtual. Unless it is not practical for technical reasons or because of space limitations, Phone Michigan may convert a physical collocation arrangement to a virtual collocation arrangement. Phone Michigan's request to do so shall be treated as a new virtual collocation request and Phone Michigan shall pay GTE at the applicable tariff rates for construction and rearrangement of Phone Michigan's equipment as well as all applicable tariffed virtual collocation recurring charges. If Phone Michigan elects to change to a virtual collocation arrangement pursuant to this section, GTE will not refund previous payments for physical collocation received from Phone Michigan.
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Conversion from Physical to Virtual. Unless it is not practical for technical reasons or because of space limitations, Hyperion may convert a physical collocation arrangement to a virtual collocation arrangement. Hyperion’s request to do so shall be treated as a new virtual collocation request and Hyperion shall pay GTE at the applicable tariff rates for construction and rearrangement of Hyperion’s equipment as well as all applicable tariffed virtual collocation recurring charges. If Hyperion elects to change to a virtual collocation arrangement pursuant to this section, GTE will not refund previous payments for physical collocation received from Hyperion.
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Related to Conversion from Physical to Virtual

  • Conversion of Multiple Notes by a Single Holder If a Holder converts more than one (1) Note on a single Conversion Date, then the Conversion Consideration due in respect of such conversion will (in the case of any Global Note, to the extent permitted by, and practicable under, the Depositary Procedures) be computed based on the total principal amount of Notes converted on such Conversion Date by such Holder.

  • Regulation S Global Note to Rule 144A Global Note If an owner of a beneficial interest in a Regulation S Global Note related to a Series and/or Class deposited with or on behalf of the Depository wishes at any time to transfer its interest in such Regulation S Global Note to a Person who wishes to take delivery thereof in the form of an interest in a Rule 144A Global Note for such Series and/or Class, such owner’s transferee may, subject to the rules and procedures of the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Rule 144A Global Note for such Series and/or Class. Upon the receipt by the Indenture Trustee and the Note Registrar, of (A) instructions from the Depository directing the Indenture Trustee and the Note Registrar, to cause to be credited a beneficial interest in a Rule 144A Global Note in an amount equal to the beneficial interest in such Regulation S Global Note to be exchanged but not less than the minimum denomination applicable to such owner’s Notes held through a Rule 144A Global Note, to be exchanged, such instructions to contain information regarding the participant account with the Depository to be credited with such increase, and (B) a certificate (each, a “Rule 144A Note Transfer Certificate”) in the form of Exhibit B-1 hereto given by the transferee of such beneficial interest, then the Indenture Trustee will reduce the principal amount of the Regulation S Global Note and increase the principal amount of the Rule 144A Global Note for the related Series and/or Class by the aggregate principal amount of the beneficial interest in the Regulation S Global Note for the related Series and/or Class to be transferred and the Indenture Trustee and the Note Registrar, shall instruct the Depository, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Rule 144A Global Note for the related Series and/or Class equal to the reduction in the principal amount of the Regulation S Global Note for the related Series and/or Class.

  • Transfer of Beneficial Interests to Another Restricted Global Note A beneficial interest in any Restricted Global Note may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Note if the transfer complies with the requirements of Section 2.06(b)(ii) hereof and the Registrar receives the following: (A) if the transferee will take delivery in the form of a beneficial interest in a 144A Global Note, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (1) thereof; or (B) if the transferee will take delivery in the form of a beneficial interest in a Regulation S Global Note, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof.

  • Lost, Stolen or Destroyed Certificates In the event that any Certificates shall have been lost, stolen or destroyed, the Paying Agent shall issue in exchange for such lost, stolen or destroyed Certificates, upon the making of an affidavit of that fact by the holder thereof, the Merger Consideration payable in respect thereof pursuant to Section 2.1 hereof; provided, however, that Parent may, in its discretion and as a condition precedent to the payment of such Merger Consideration, require the owners of such lost, stolen or destroyed Certificates to deliver a bond in such sum as it may reasonably direct as indemnity against any claim that may be made against Parent, the Surviving Corporation or the Paying Agent with respect to the Certificates alleged to have been lost, stolen or destroyed.

  • Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares For purposes of this Agreement, the percentage of Voting Shares Beneficially Owned by any Person, shall be and be deemed to be the product (expressed as a percentage) determined by the formula: 100 x A/B where: A = the number of votes for the election of all directors generally attaching to the Voting Shares Beneficially Owned by such Person; and B = the number of votes for the election of all directors generally attaching to all outstanding Voting Shares. Where any Person is deemed to Beneficially Own unissued Voting Shares, such Voting Shares shall be deemed to be outstanding for the purpose of calculating the percentage of Voting Shares Beneficially Owned by such Person.