Proposed Replacement Sample Clauses

The "Proposed Replacement" clause outlines the process by which one party may suggest substituting a product, service, or contractual term with an alternative. Typically, this clause specifies the conditions under which a replacement can be proposed, the criteria the replacement must meet, and the procedure for approval or rejection by the other party. For example, if a specified material becomes unavailable, the supplier may propose a comparable substitute subject to the buyer's consent. The core function of this clause is to provide flexibility in fulfilling contractual obligations while maintaining quality and mutual agreement, thereby addressing issues that arise from unforeseen changes or unavailability.
Proposed Replacement. Members of the Trust shall consist of those persons who have made a contribution to the Trust in the current year. Membership in the Trust shall entitle those persons with the right to vote on specific issues brought forth by the Board of Trustees at Annual and Special Meetings of the Trust. Trustees shall keep a record of the names and addresses of all members who have made a donation in the current year.
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Proposed Replacement. In the case that Novartis desires to replace any Collaboration Target in accordance Section 3.3(b) (Other Replacement), Novartis shall provide written notice to Schrӧdinger, through the JSC, of Novartis’ basis for its determination that no Collaboration Compound has met or is likely to meet the criteria set forth in the DC Criteria of such Collaboration Target (such notice, the “Proposed Replacement Notice”), and the JSC shall discuss in good faith such basis. In the case that following such good faith discussion, Novartis still desires to replace any Collaboration Target based upon such determination, or in the case that Novartis desires to replace any Collaboration Target in accordance with Section 3.3(a) (Initial Replacement Period), Novartis shall send to the Gatekeeper written notice of the identity of the new Target candidate to replace such Collaboration Target (the “Proposed Replacement Target”), which notice shall include such Target’s identity, for such Proposed Replacement Target (the “Proposed Replacement Target Notice”).
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Proposed Replacement. If at any time any of the provisions of this instrument as it may then exist shall be or have become inappropriate or inapplicable to carry out the purpose for which this Trust is deemed to have been established, or to make any reasonable modifications thereto which may be necessary or desirable to give effect to the intent, a proposed amendment may be presented to the entire board. The Trustees may enact such changes with a majority vote of the board. Notwithstanding anything to the contrary herein contained, the general conservational, educational, and scientific purposes for which this Trust is originally established as set forth in Article II may not be altered, amended, or changed.
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Proposed Replacement. The Trustees hereunder are defined as those members duly elected by majority vote of the Members of the Trust at the Annual Meeting, and shall hold office until their successors are duly elected or appointed, and qualified as hereinafter provided. Only persons who are residents of the Town of Littleton and members of the trust shall be eligible to hold the office of Trustee, and any Trustee who ceases to be such a resident shall automatically, without any further action, cease to be a Trustee. If a Trustee shall die, resign or for any other reason cease to be a Trustee before his or her term of office expires, a successor shall be appointed by the remaining Trustees to fill such vacancy for the remainder of the term. The role of the Trustees is further defined in Article VII.
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Proposed Replacement. Key Personnel shall have equivalent or better qualifications to those of the persons being replaced. Supplier must also provide CPR with copies of the resumes for evaluation by CPR and grant CPR the right to interview such Key Personnel prior to their engagement. Approval of replacement Key Personnel is subject to CPR prior written approval.
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Proposed Replacement. The Trustees shall hold, manage, and administer the property comprising the Trust, and in order to carry out the purposes of the Trust shall have and may exercise the following powers:
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Proposed Replacement. There shall be an Annual Meeting of the Members of the Trust during each calendar year, at such time and at such place as the Trustees shall determine, for the purpose of electing Trustees hereunder. At such Annual Meeting, the Trustees shall present a slate of candidates to the Members, who shall vote by majority to elect or re-elect individuals to act as Trustees for those whose terms of office expire at that meeting. Each such new or re-elected Trustee shall serve for a term to expire at the Third Annual Meeting of the Members after the meeting at which such Trustee is elected or re-elected.
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Related to Proposed Replacement

  • Benchmark Replacement Notwithstanding anything to the contrary herein or in any other Loan Document, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior any setting of the then-current Benchmark, then (x) if a Benchmark Replacement is determined in accordance with clause (a) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause (b) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the affected Lenders without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders. If the Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a monthly basis.

  • Repair and Replacement Company shall be responsible to Lessor for reasonable replacement costs, or reasonable repair costs of all Equipment which is lost, stolen, or damaged while in the care, custody and control of Company as a result of Company's sole negligence in accordance with paragraph 2 above, reasonable wear and tear excepted, using the Actual Cash Value of the Equipment at the time of such loss. Prior to repairing the Equipment, Lessor shall submit to Company at least three estimates, including at least one estimate from a repair facility designated by Company. In the event the Equipment is lost or stolen, Company shall file a police report.

  • Card Replacement If you need to replace your Card for any reason, please contact us at ▇-▇▇▇-▇-▇▇▇▇▇▇ (▇-▇▇▇-▇▇▇-▇▇▇▇); or login to your Card Account at ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇ to request a replacement Card. You will be required to provide personal information which may include your Card number, full name, transaction history, etc. There is a fee for replacing your Card.

  • Exchange and Replacement Subject to Section 7, this Warrant is exchangeable, upon the surrender hereof by the holder hereof at the office or agency of the Company referred to in Section 1, for new Warrants of like tenor and date representing in the aggregate the right to purchase the number of Shares which may be purchased hereunder, each of such new Warrants to represent the right to purchase such number of Shares as shall be designated by said holder hereof at the time of such surrender. Upon receipt by the Company at the office or agency referred to in Section 1 of evidence reasonably satisfactory to it of the loss, theft or destruction of this Warrant and of indemnity or security reasonably satisfactory to it (provided that the written indemnity of the holder hereof shall be deemed reasonably satisfactory to the Company for such purposes), the Company will deliver a new Warrant of like tenor and date in replacement of this Warrant. This Warrant shall be promptly canceled by the Company upon the surrender hereof in connection with any transfer, exchange or replacement. The Company will pay all expenses and charges payable in connection with the preparation, execution and delivery of Warrants pursuant to Section 7 and this Section 8.

  • Replacements and Replacement Reserve Borrower shall cause Mortgage Borrower to comply with all the terms and conditions set forth in Section 7.3 of the Mortgage Loan Agreement. In the event that, prior to the payment and performance in full of all obligations of Borrower under the Loan Documents, (1) (i) Mortgage Borrower is required to maintain the Replacement Reserve Fund pursuant to the terms of Section 7.3 of the Mortgage Loan Agreement, but Mortgage Lender waives such requirement, (ii) Mortgage Borrower is no longer required pursuant to the terms of the Mortgage Loan Agreement to maintain the Replacement Reserve Fund or (iii) the Mortgage Loan has been repaid in full, and (2) (i) Mezzanine A Borrower is required to maintain the Replacement Reserve Fund pursuant to the terms of Section 7.3 of the Mezzanine A Loan Agreement, but Mezzanine A Administrative Agent waives such requirement, (ii) Mezzanine A Borrower is no longer required pursuant to the terms of the Mezzanine A Loan Agreement to maintain the Replacement Reserve Fund (other than as expressly contemplated under the terms of the Mezzanine A Loan Agreement) or (iii) the Mezzanine A Loan has been repaid in full, then (A) Administrative Agent shall have the right to require Borrower to establish and maintain a reserve account that would operate in the same manner as the Replacement Reserve Fund pursuant to Section 7.3 of the Mortgage Loan Agreement, and (B) the provisions of Section 7.3 of the Mortgage Loan Agreement and all related definitions shall be incorporated herein by reference.