No Replacement Clause Samples
The No Replacement clause stipulates that if a party or individual is removed, resigns, or otherwise ceases to participate, they cannot be replaced by another person or entity. In practice, this means that the position or role left vacant will remain unfilled for the duration of the agreement, and no substitute will be appointed to take over the responsibilities or rights of the departing party. This clause is typically used to prevent changes in the composition of parties involved, ensuring stability and predictability in the contractual relationship.
POPULAR SAMPLE Copied 2 times
No Replacement. Neither the Sel▇▇▇ ▇▇▇ Funding shall at any time remove or purport to remove and/or replace the Mortgages Trustee as the trustee of the Mortgages Trust.
No Replacement. Neither the Seller nor Funding shall at any time remove or purport to remove and/or replace the Mortgages Trustee as the trustee of the Mortgages Trust.
No Replacement. None of the proceeds of the Allocable Bonds will be used, directly or indirectly, to replace funds which were used in any business carried on by any person other than a state or local governmental unit.
No Replacement. Except as expressly set forth herein, no provision of this First Amendment shall be interpreted to replace or delete any provision of the Agreement. All provisions of the Agreement which are not expressly replaced or deleted by this First Amendment shall remain in full force and effect and shall, where appropriate, apply to the terms of this First Amendment. In the event of any conflict between the Agreement and this First Amendment, the terms of this First Amendment shall control.
No Replacement. No portion of the amounts received from the sale of the Bond will be used as a substitute for any other funds that would otherwise be used as a source of financing for any portion of the cost of the Project or that will be used to acquire, directly or indirectly, obligations producing a yield in excess of the Bond Yield.
No Replacement. Except as the Client may otherwise agree in writing, no changes shall be made of Experts in the Experts.
No Replacement. Except as expressly set forth herein, no provision of this Fourth Amendment shall be interpreted to replace or delete any provision of the Agreement (including any amendments thereto). All provisions of the Agreement (including any amendments thereto) which are not expressly replaced or deleted by this Fourth Amendment shall remain in full force and effect and shall, where appropriate, apply to the terms of this Fourth Amendment. In the event of any conflict between the Agreement and this Fourth Amendment, the terms of this Fourth Amendment shall control.
No Replacement. No portion of the Bond Proceeds will be used as a substitute for other funds of the Authority or the Company (i) which were otherwise to be used to pay the cost of the Project, (ii) which will not be so used, and (iii) which have been or will be so used to acquire directly or indirectly, Investments producing a Yield in excess of the Yield on the Bonds.
No Replacement. Except as expressly set forth herein, no provision of this Amendment shall be interpreted to replace or delete any provision of the Agreement. All provisions of the Agreement which are not expressly replaced or deleted by this Amendment shall remain in full force and effect and shall, where appropriate, apply to the terms of this Amendment. In the event of a conflict between the Agreement and this Amendment with respect to the promotion of the Playboy websites, this Amendment shall govern.
No Replacement. Except as expressly set forth herein, no provision of this Second Amendment shall be interpreted to replace or delete any provision of the Agreement. All provisions of the Agreement which are not expressly replaced or deleted by this Second Amendment shall remain in full force and effect and shall, where appropriate, apply to the terms of this Second Amendment. In the event of any conflict between the Agreement and this Second Amendment, the terms of this Second Amendment shall control.