Substitution of Transponders Sample Clauses

Substitution of Transponders. Lessee shall have the right subject to the ---------------------------- conditions set forth in the following paragraph to substitute a transponder (a "Replacement Transponder") aboard the Satellite for any Transponder which has ----------------------- suffered an Event of Loss. Upon fulfillment of the conditions specified in this Section 7(e), such Replacement Transponder shall be conveyed by Lessee to Lessor and leased to Lessee hereunder. The substitution of a transponder pursuant to this Section 7(e) shall be subject to fulfillment of the following conditions precedent prior to or on the date of the proposed substitution to the reasonable satisfaction of Lessor and at Lessee's sole cost and expense: (i) if the Lease is in effect with respect to such Transponder, no Bankruptcy Default or Event of Default shall have occurred and be continuing or will exist immediately following the proposed substitution; (ii) on the date of such substitution, the Replacement Transponder (A) shall meet the Transponder Performance Specifications set forth in Appendix C to the Purchase Agreement, (B) shall have a total useful commercial life of 15 years or more as measured from the Delivery Date, and (C) can reasonably be expected to continue to meet such performance specifications for such period of 15 years or more as measured from the Delivery Date (all of (A), (B) and (C) as determined pursuant to the Appraisal Procedure); (iii) Lessor shall have received a ▇▇▇▇ of sale substantially in the form of the ▇▇▇▇ of Sale conveying title to such Replacement Tramponder to Lessor; (iv) if so requested by Lessor, or for so long as the Indenture shall be in effect by Indenture Trustee, Lessee shall have entered into a Lease Supplement covering such Replacement Transponder and, if so requested by Indenture Trustee, the Lessor shall have delivered an Indenture Supplement to Indenture Trustee; (v) Lessor shall have good and marketable title to such Replacement Tramponder free and clear of all Liens other than Permitted Liens of the type discussed in clauses (a) and
Substitution of Transponders. 35 SECTION 8. Termination................................................... 38
Substitution of Transponders. After the occurrence of a Substitution Event, Lessee shall have the right, in its discretion, subject to the conditions set forth in this Section 7(e), within one-hundred-eighty (180) days after the occurrence of such Substitution Event, to substitute (a “Substitution”) for Buyer’s Transponders leased hereunder, all of the transponders (“Substitute Transponders”) aboard another satellite (“Substitute Satellite”) which is in service or placed into service prior to the date of such Substitution. For

Related to Substitution of Transponders

  • Documentation of Transfers You can receive a transaction receipt at the time you make any transfer to, from, or between your account(s) using an ATM. · If you have arranged to have direct deposits (which are electronic funds transfers as described in Section 4) made to your asset account(s) at least once every 60 days from the same person or company, the person or company making the deposit will tell you every time they send us the money. You may visit any branch, call us at ▇▇▇-▇▇▇-▇▇▇▇ or ▇▇▇-▇▇▇-▇▇▇▇, or access your transaction history via ComputerLine, MoneyLine, Green on the Go® for mobile, or the MSUFCU Mobile app to find out whether the deposit has been made. · You will get a statement every month if you have authorized any electronic funds transfer service described in Section 4. If no electronic funds transfer occurs in a particular calendar quarter, you will still receive a statement for that quarter. However, for an asset account to which you have authorized no electronic funds transfers other than preauthorized credits, you will get a statement quarterly. On any account considered dormant, a statement will be sent to you annually. · Periodic statements we send you on accounts that are subject to electronic funds transfers described in Section 4 and transaction receipts issued by an ATM are admissible evidence. · Your right to documentation as set forth above in this section does not apply when the electronic funds transfer occurs outside of the United States.

  • 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.

  • Aggregation of Trades Subadviser, to the extent permitted by applicable laws and regulations, may, but shall be under no obligation to, aggregate the securities or other investments to be sold or purchased for the Fund as well as other clients of Subadviser in order to seek best execution. In such event, allocation of the securities or futures contracts so purchased or sold, as well as the expenses incurred in the transaction, will be made by Subadviser in the manner Subadviser considers to be the most equitable and consistent with its fiduciary obligations to the Fund and to such other clients.

  • 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).

  • DESCRIPTION OF TRANSFER Categories of data subjects whose personal data is transferred Categories of personal data transferred Sensitive data transferred (if applicable) and applied restrictions or safeguards that fully take into consideration the nature of the data and the risks involved, such as for instance strict purpose limitation, access restrictions (including access only for staff having followed specialised training), keeping a record of access to the data, restrictions for onward transfers or additional security measures. The frequency of the transfer (e.g. whether the data is transferred on a one-off or continuous basis). Nature of the processing Purpose(s) of the data transfer and further processing The period for which the personal data will be retained, or, if that is not possible, the criteria used to determine that period For transfers to (sub-) processors, also specify subject matter, nature and duration of the processing