COMMENCEMENT AND SIGNATURE. The agreement constituted by the provisions of these Heads of Terms that are expressed to be legally binding will come into effect on the date above and will remain in effect until superseded by the Proposed Agreement. AS WITNESS the hands of the Parties or their duly authorised representatives on the date first stated above. SCHEDULE 1 DEFINITIONS “2015 Agreement” has the meaning set out in Recital (B) to these Heads of Terms; “Actual Revenues” the actual amount of revenue generated by the Company in any Financial Year.
COMMENCEMENT AND SIGNATURE. The agreement in this heads of terms will come into effect on the date above and will remain in effect until superseded by the proposed Sea Services Agreement, notice to terminate negotiations or other equivalent termination of the agreement in this heads of terms. EXECUTED and DELIVERED by the DOI under the hand of the Minister for Infrastructure in the presence of:- : Signed Witnessed : : : : EXECUTED and DELIVERED by the IOMSPC in the presence of:- : Signed Chief Executive : : APPENDIX 2 COMPARISON OF 1995 USER AGREEMENT (AS AMENDED) WITH 2019 HEADS OF TERMS No CURRENT TERMS NEW TERMS CLAUSE COMMENTS Infrastructure 1 No reference to Xxxxxxxx Xxxx linkspan, owned by IOMSPCo. Separate Xxxxxxxx Xxxx linkspan siting licence with DOI Ownership of Xxxxxxxx Xxxx Xxxxxxxx. 3.2 Ownership of both linkspans provides adequate security for lifeline services. Vessels
COMMENCEMENT AND SIGNATURE. The agreement in this Heads and Terms will remain in effect until superseded by the Proposed Agreement, notice to terminate negotiations or other equivalent to termination of the agreement in this heads of terms (including the insolvency of one of the Parties or the performance of obligations set out above). The Parties have signed on the date(s) below:
