Replacement Contract definition
Replacement Contract means a contract having a term, quantity, delivery rate, delivery point and product substantially similar to the remaining Term, quantity, delivery rate, Delivery Point and Product to be provided under this Agreement.
Replacement Contract means the contract which is deemed to arise between the Operator and a Replacement Shipper by clause 27.7 following the Transfer of Tradeable Capacity to the Replacement Shipper.
Replacement Contract has the meaning set forth in Section 6.5(b)(i).
Examples of Replacement Contract in a sentence
It is expressly agreed that the Non-Defaulting Party shall not be required to enter into a Replacement Contract in order to determine the Termination Payment.
The Base Salary provided for in a Replacement Contract shall be the Minimum Player Salary.
After the expiration or termination of a Replacement Contract, the player shall become an Unrestricted Free Agent.
Notwithstanding anything to the contrary in Article V, Section 6 (including, but not limited to, Article V, Section 6(a)(i)(x), 6(a)(i)(y) or 6(b)), when a Team terminates a Replacement Contract, the Team shall pay to the player only such prorated portion of her Base Salary as was earned by her based upon the number of days of the Regular Season that the player was under Contract with the Team.
It is a breach of the Contract if the PFI does not immediately reimburse the Bank for any funds advanced by the Bank to obtain a Replacement Contract.
More Definitions of Replacement Contract
Replacement Contract means a Contract signed with a Replacement Player pursuant to the Hardship Exception or Emergency Hardship Exception set forth in Article VII, Section 4.
Replacement Contract. Any agreement or combination of agreements made by the Bank to substitute an obligor or obligors with respect to the PFI’s Credit Enhancement, including without limitation, a substitute credit enhancement structure, acceptable (in the Bank’s sole discretion) to the Bank, which obligors may include, but are not limited to, one or more other PFIs, mortgage guaranty insurers, surety companies or any other type of entity or structure that will result in the Bank having the equivalent quality and amount of credit enhancement coverage as provided by the PFI under Article IV with respect to each Master Commitment.
Replacement Contract has the meaning set forth in Section 2.07.
Replacement Contract means any individual annuity contract with respect to which a Sales Agent earns a commission and which is (i) issued by American Equity or an Affiliate to an insured coincident with, or within six months (or such longer period as American Equity may determine in accordance with its normal business procedures) after, the termination for any reason of an Eligible Contract with the same insured, or (ii) any other individual annuity contract issued by American Equity to an insured that American Equity in good faith in accordance with its normal business procedures considers to be a replacement for a terminated Eligible Contract with the same insured.
Replacement Contract means, with respect to any Contract, any alternative or replacement contract with a different counterparty providing substantially the same goods and services as such Contract and on substantially the same terms (subject to any change that may be required by applicable Law, including health and safety regulations).
Replacement Contract. A Contract substituted by the Depositor or the related Servicer for a Deleted Contract which must, on the date of such substitution, meet the requirements specified in the related Reference Agreement. Such substitution must take place within the time period specified in the Reference Agreement and must satisfy the terms and conditions for substitution set forth therein.
Replacement Contract means a contract for the purchase and sale of renewable capacity (on an equivalent delivered basis) and energy produced from a renewable energy facility that (i) is entered into with a counterparty that has the same or similar creditworthiness as the Defaulting Party hereunder as of the Effective Date (or a counterparty whose obligations under the Replacement Contract are guaranteed by an entity with such creditworthiness), (ii) has a term substantially the same as the remaining unexpired portion of the Term, (iii) provides for the Attributes associated with the production of the energy to be transferred to the energy purchaser under such contract, and (iv) has a delivery point that is the same as or substantially similar to the Delivery Point hereunder or is otherwise delivered to Purchaser’s system, it being understood that commercially reasonable adjustments to the price under such contract shall be made to take into account, among other possible commercially material differences, differences due to length of term, capacity factors, Attributes and the location of the delivery point under the Replacement Contract compared to the Delivery Point hereunder.