Applicable Procedure definition
Examples of Applicable Procedure in a sentence
Interests of beneficial owners in a Global Note shall be transferred in accordance with the Applicable Procedure of the Depositary or its successor.
A conversion of Notes shall be deemed for these purposes to be “in connection with” a Notice of Redemption if the Notice of Conversion of the Notes (or, in the case of a Global Note, the relevant notice of conversion in accordance with the Applicable Procedure) is received by the Conversion Agent from, and including, the date of the Notice of Redemption until the close of business on the second Scheduled Trading Day immediately preceding the Redemption Date.
This Agreement has been negotiated in good faith at arm’s length, with due consideration by the State of Applicable Law, Applicable Procedure, and the best interests of the State, as well as the State, local, and national interests in promoting the use and conservation of the State’s natural resources in a manner that benefits the State, pursuant to Applicable Law and Applicable Procedures.
In addition to any rights granted by Applicable Law or Applicable Procedure, the State and its agents shall have the right, upon not less than fifteen (15) business days prior written notice to Jefferson Island and during normal business hours, to review such records as well as all other records created and maintained by Jefferson Island concerning the design, construction, maintenance, modification, and physical operation of the Jefferson Island Facility.
Should the Mineral Board determine that this Agreement is in the best interest of the State in equity and/or in the promotion of conservation and is in compliance with Applicable Law and Applicable Procedure, it promptly shall approve the same, to be memorialized by its execution of this Agreement, and the Mineral Board, through its Chairman or his designee, will execute this Agreement no later than three (3) business days after the Mineral Board approves this Agreement.
In addition to any rights granted by Applicable Law or Applicable Procedure, the State and its agents shall have the right, at any time, to audit Jefferson Island’s books and records as they pertain to the calculation of the Compensation.
In addition, so long as the Notes are listed for trading on the TACT Institutional, any amendment made pursuant this Section 7.1 to the Indenture shall be in accordance with the provisions of the Applicable Procedures (including, to the extent required by the Applicable Procedure, TASE approval).
However, should the Mineral Board instead determine that this Agreement is not in the best interest of the State in equity or in the promotion of conservation or not in compliance with Applicable Law and Applicable Procedure, this Agreement shall be null and void and shall have no force or effect whatever and shall not be used in the Litigation in any manner whatsoever.
For as long as required by Applicable Law or Applicable Procedure, Jefferson Island shall maintain and retain all records concerning Jefferson Island’s operation of the Jefferson Island Facility (other than those identified in Section 9.2) that are required by Applicable Law or Applicable Procedure to be created and maintained.