Upgrade Contract definition
Examples of Upgrade Contract in a sentence
Upon the acquisition by the Issuer of any Upgrade Contract pursuant to the provisions of this Section 3.04(d) (and the subsequent transfer of the related Receivable to the Issuer), Trendwest hereby agrees that such Upgrade Contract and the related Receivable, as applicable, will be subject to all the terms and provisions of this Agreement and the Indenture just as if such Upgrade Contract had been one of the original Contracts acquired on the Closing Date.
Either Party may request, during construction of the System or any System Upgrade, by written order, a contract variation requiring additions or alterations to, deviations or deductions from the System or System Upgrade ("Contract Variation").
The principal owed on this Subordinated Note will be increased from time to time in the event that Trendwest transfers the receivable related to an Upgrade Contract to the Issuer to be included in the Trust Estate, such amount to equal the difference between the principal balance of the receivable of Upgrade Contract as of the date of such Upgrade and the Collateral Value on such date of the Receivable being replaced.
ALer this initial term the Upgrade Contract shall become fee bearing.
An Upgrade Contract also automatically expires upon termination of the respective Core Version license.