Return of Transponders Sample Clauses

The 'Return of Transponders' clause requires the lessee or user to return any transponders—devices used for electronic toll collection or access control—at the end of a lease or service period. Typically, this clause specifies the condition in which the transponders must be returned, the timeframe for their return, and any penalties or charges for loss or damage. Its core function is to ensure that valuable equipment is accounted for and returned to the owner, thereby preventing loss and facilitating the efficient reuse or management of such devices.
Return of Transponders. (i) Any Use Agreement may by its terms ---------------------- extend, or be extended by the User, beyond the Lease Term and (ii) any Existing Lease may be extended by the Sublessee beyond the Lease Term (a Transponder with respect to which such Use Agreement or Existing Lease provides for such extension, a "Selected Transponder"); provided that, each Transponder -------- ---- (including, but not limited to, any Selected Transponder) shall, at the time of Redelivery to Lessor pursuant to Section 10, be free and clear of any continuing obligation to any User, Sublessee or other Person, unless Owner Participant shall otherwise expressly agree in writing at the request of Lessee.
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Return of Transponders. Upon the expiration, termination, or ---------------------- cancellation of this Agreement as to any Transponder for any reason whatsoever (including, without limitation, expiration of this Agreement in accordance with its terms and cancellation by HCG as a result of an Event of Default by Lessee), such Transponder shall be deemed, without any further action by any party, to be redelivered to HCG and HCG shall be entitled to immediate possession thereof. HCG shall thereafter have the right to utilize such redelivered Transponder in any manner it determines.
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Return of Transponders. Notwithstanding Section 6(c)(i), any Bandwidth Use Agreement may by its terms extend, or be extended by the Assignee or User, beyond the Lease Term, provided that Buyer’s Transponders shall, at the time of Redelivery to Lessor pursuant to Section 10, be free and clear of any continuing rights of or obligations to any Assignee or User or other Person, unless Lessor shall otherwise expressly agree in writing at the request of Lessee.
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Return of Transponders. Subject to Section 6(c)(i), any Use ---------------------- Agreement may by its terms extend, or be extended by the User, beyond the Lease Term, provided that each Transponder shall, at the time of Redelivery to Lessor pursuant to Section 10, be free and clear of any continuing rights of or obligations to any User unless Lessor shall otherwise expressly agree in writing at the request of Lessee; provided that the provisions of this Section 6(e) -------- shall not apply to the GLA Sublease.
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Return of Transponders. (i) Subject to Section 6(c)(i), any Use ---------------------- Agreement may by its terms extend, or be extended by the User, beyond the Lease Term and (ii) any Existing Lease may be extended by the user or sublessee under such Existing Lease (a "Sublessee") beyond the Lease Term (a Transponder with respect to which such Use Agreement or Existing Lease provides for such extension, being referred to herein as a "Selected Transponder"), provided that each Transponder (including, but not limited to, any Selected Transponder) shall, at the time of Redelivery to Lessor pursuant to Section 10, be free and clear of any continuing rights of or obligations to any User, Sublessee or other Person, unless Lessor shall otherwise expressly agree in writing at the request of Lessee.
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Related to Return of Transponders

  • Limitation of Transactions So long as any Capital Securities remain outstanding, if (a) there shall have occurred and be continuing an Event of Default or a Declaration Event of Default or (b) the Guarantor shall have selected an Extension Period as provided in the Declaration and such period, or any extension thereof, shall have commenced and be continuing, then the Guarantor shall not and shall not permit any Affiliate to (x) declare or pay any dividends or distributions on, or redeem, purchase, acquire, or make a liquidation payment with respect to, any of the Guarantor’s or such Affiliate’s capital stock (other than payments of dividends or distributions to the Guarantor) or make any guarantee payments with respect to the foregoing or (y) make any payment of principal of or interest or premium, if any, on or repay, repurchase or redeem any debt securities of the Guarantor or any Affiliate that rank pari passu in all respects with or junior in interest to the Debentures (other than, with respect to clauses (x) and (y) above, (i) repurchases, redemptions or other acquisitions of shares of capital stock of the Guarantor in connection with any employment contract, benefit plan or other similar arrangement with or for the benefit of one or more employees, officers, directors or consultants, in connection with a dividend reinvestment or stockholder stock purchase plan or in connection with the issuance of capital stock of the Guarantor (or securities convertible into or exercisable for such capital stock) as consideration in an acquisition transaction entered into prior to the occurrence of the Event of Default, Declaration Event of Default or Extension Period, as applicable, (ii) as a result of any exchange or conversion of any class or series of the Guarantor’s capital stock (or any capital stock of a subsidiary of the Guarantor) for any class or series of the Guarantor’s capital stock or of any class or series of the Guarantor’s indebtedness for any class or series of the Guarantor’s capital stock, (iii) the purchase of fractional interests in shares of the Guarantor’s capital stock pursuant to the conversion or exchange provisions of such capital stock or the security being converted or exchanged, (iv) any declaration of a dividend in connection with any stockholders’ rights plan, or the issuance of rights, stock or other property under any stockholders’ rights plan, or the redemption or repurchase of rights pursuant thereto, (v) any dividend in the form of stock, warrants, options or other rights where the dividend stock or the stock issuable upon exercise of such warrants, options or other rights is the same stock as that on which the dividend is being paid or ranks pari passu with or junior to such stock and any cash payments in lieu of fractional shares issued in connection therewith, or (vi) payments under this Guarantee).

  • Provision of transport (a) No allowances, other than those prescribed in clauses 27.8 and 27.10 and in the circumstances described in clause 27.11(b), will be payable on any day on which the Employer provides or offers to provide transport free of charge from the Employee’s home to the place of work and return. (b) Subject to 27.11(c), the allowance prescribed in clause 27.5 will be payable on any day for which the Employer provides a vehicle free of charge to the Employee for a purpose related to their contract of employment, and the Employee is required by the Employer to drive this vehicle from the Employee’s home to their place of work and return. (c) The parties recognise that in some circumstances where the Employer provides a vehicle free of charge to an Employee it will not be appropriate for the Employee to also receive the allowance prescribed in clause 27.5. As such, where the Employer provides a fully fuelled and maintained vehicle to the Employee such that the Employee has reasonable private use of the vehicle, the allowance will not be payable. Any disputes as to the application of this clause may be resolved via the Dispute Resolution Procedure.

  • Authorization of Transactions The Company is a corporation duly authorized and in good standing in the State of Florida and has the requisite power and capacity to execute and deliver the Transaction Documents to which it is a party and to perform its obligations hereunder and thereunder. The execution, delivery and performance by the Company of the applicable Transaction Documents and the consummation of the Transactions have been duly and validly authorized by all requisite action on the part of the Company. The Transaction Documents to which the Company is a party have been duly and validly executed and delivered by The Company. Each Transaction Document to which the Company is a party constitutes the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms and conditions, except to the extent enforcement thereof may be limited by applicable bankruptcy, insolvency or other Laws affecting the enforcement of creditors’ rights or by the principles governing the availability of equitable remedies.

  • As Of Transactions For purposes of this Article M, the term “

  • Description of Transaction 1.1 Merger of Merger Sub into the Company. Upon the terms and subject to the conditions set forth in this Agreement, at the Effective Time (as defined in Section 1.3), Merger Sub shall be merged with and into the Company, and the separate existence of Merger Sub shall cease. The Company will continue as the surviving corporation in the Merger (the “Surviving Corporation”).