Enforcement of Rights under the Joint Venture Agreement Sample Clauses

Enforcement of Rights under the Joint Venture Agreement. (1) The Company shall take commercially reasonable steps to enforce its rights and remedies under Joint Venture Agreement. (2) Without limiting the generality of Section 3.04(1), the Company shall: (a) promptly (and in any event within two Business Days) after the earlier of the date: (x) any dispute, controversy, claim or breach based upon, arising out of or relating in any way to the Joint Venture Agreement including any dispute, controversy, claim or breach concerning the construction, validity, interpretation, enforceability or breach of the Joint Venture Agreement arising out of or in connection with the Joint Venture Agreement occurs; or (y) such a dispute, controversy, claim or breach is reasonably likely to occur, deliver to a Glencore a written notice setting out in reasonable detail the nature, facts and circumstances of such dispute, controversy, claim or breach; (b) provide Glencore with timely updates (and in any event promptly (and in any event within two Business Days of a written request for such an update from Glencore)) setting out in reasonable detail of the status of any such dispute, controversy, claim or breach and the final decision and award of the court or arbitrator with respect to such dispute, controversy, claim or breach; (c) provide Glencore and its counsel the right to: (x) participate in; or (y) otherwise be materially involved in, such dispute, controversy, claim or breach; and (d) the Company shall not enter into any settlement or compromise of any such dispute, controversy, claim or breach without Glencore's prior written consent. (3) Without limiting the generality of Section 3.04(1) and Section 3.04(2), the Company shall: (a) promptly (and in any event within two Business Days) after the earlier of the date the Company becomes aware: (x) of any Event of Default or Material Compliance Breach; or (y) that an Event of Default or Material Compliance Breach is reasonably likely to occur, deliver to a Glencore a written notice setting out in reasonable detail the nature, facts and circumstances of such Event of Default or Material Compliance Breach; (b) provide Glencore with timely updates (and in any event promptly (and in any event within two Business Days of a written request for such an update from Glencore)) setting out in reasonable detail the status of any such Event of Default or Material Compliance Breach; (c) provide Glencore and its counsel the right to: (x) participate in; or (y) otherwise be materially involved i...
Sample 1
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Related to Enforcement of Rights under the Joint Venture Agreement

  • Joint Venture Agreement The shareholder entity designated by each ASEAN country shall negotiate and conclude, as soon as possible, a joint Venture Agreement acceptable to Malaysia and the Parties, for the setting up of an ASEAN Urea Project in Malaysia. Such joint Venture Agreement shall set out among others: The name and capital structure of the joint Venture company; Constitution of the Board of Directors of the joint Venture company: Protection of minority interests; Scope of the project and its financing.

  • Enforcement of Agreement The Parties hereto agree that irreparable damage would occur in the event that any of the provisions of this Agreement was not performed in accordance with its specific terms or was otherwise breached. It is accordingly agreed that the Parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof in any court of the United States or any state having jurisdiction, this being in addition to any other remedy to which they are entitled at law or in equity.

  • Enforcement of Rights Borrowers are jointly and severally liable for the Obligations and Bank may proceed against one or more of the Borrowers to enforce the Obligations without waiving its right to proceed against any of the other Borrowers.

  • Enforcement of the Agreement The parties hereto agree that irreparable damage would occur if any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereto, this being in addition to any other remedy to which they are entitled at law or in equity.

  • Entire Agreement; Enforcement of Rights This Agreement sets forth the entire agreement and understanding of the parties relating to the subject matter herein and merges all prior discussions between them. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in writing signed by the parties to this Agreement. The failure by either party to enforce any rights under this Agreement shall not be construed as a waiver of any rights of such party.

  • Entire Agreement; No Third Party Beneficiaries; Rights of Ownership This Agreement (including the documents and the instruments referred to herein) constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof, and is not intended to confer upon any person other than the parties hereto any rights or remedies hereunder.

  • Enforcement of Settlement Agreement 11.1 Any party may file suit before the Superior Court of the County of Los Angeles, consistent with the terms and conditions set forth in paragraphs 11.2 and 11.3 of this Settlement Agreement, to enforce the terms and conditions contained in this Settlement Agreement. The prevailing party shall be entitled to its reasonable attorneys' fees and costs associated with such enforcement.

  • Collaboration Agreement The Collaboration Agreement shall not have been terminated in accordance with its terms and shall be in full force and effect.

  • Enforcement of Restrictive Covenants For the avoidance of doubt, nothing in this Section 7(i) limits the remedies available to Employer under Section 14 hereof.

  • Entire Agreement; No Third Party Beneficiary This Agreement, including the Transaction Documents, constitutes the entire agreement, and supersedes all other prior agreements and understandings, both written and oral, among the parties and their Affiliates, or any of them, with respect to the subject matter hereof and thereof. No provision of this Agreement shall confer upon any Person other than the parties hereto and their permitted assigns any rights or remedies hereunder.

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