New Party. A new entity becomes a Party to the Consortium Agreement upon written agreement of the Project Committee and the new entity’s signature of the Consortium Agreement. Such accession shall have effect from the date of signature.
New Party. An entity not identified in Section I.A may, at any time after January 1, 2017, submit a written application to become a Party. If the application demonstrates to the satisfaction of each Party that the applicant will contribute to the effective implementation of this Agreement, the Parties will amend this Agreement to add the entity as a Party.
New Party. 2.1 Where the Authorised Person is satisfied that an Applicant has complied in substance with all of the Accession Requirements, the Parties shall admit the Applicant as an additional party to the DSC Agreement, for which purposes the Authorised Person shall enter into an Accession Agreement with such Applicant.
2.2 Each Party (other than the Authorised Person) hereby authorises the Authorised Person to sign on its behalf and deliver any Accession Agreement pursuant to Clause 2.1, and undertakes not to withdraw, qualify or revoke such authority.
2.3 Upon the execution of an Accession Agreement by the Authorised Person and an Applicant, the Applicant shall become a New Party.
2.4 The Authorised Person will provide to the Gas and Electricity Markets Authority a copy of each Accession Agreement within 28 days after such agreement is made.
New Party. Anything contained herein to the contrary notwithstanding, any purchaser of Stock pursuant to Section 3 who is not a Stockholder shall agree in writing in advance with the parties hereto to be bound by and comply with all applicable provisions of this Agreement other than this Section 3 and shall be deemed to be a Stockholder for all purposes of this Agreement other than this Section 3.
New Party. This is a manually processed queue. When the DMV returns a record that is similar, but not the same for an existing party in the system, the associate processing this queue will link or un-link the new record to the existing party record. The business rules that are applied will link a party with a name and address that is similar to the existing party and un-link the party if the name and address is clearly not the same. Records will not age out of this queue if unprocessed.
New Party. In accordance with Section 4.4 of the BOOS Modelling Programme Agreement (“the Agreement”), the Annual Meeting has decided to invite [insert name of company or institute, company registration number, address] to become a [Member/Associate Member] of the BOOS Modelling Programme. [Insert name of company or institute] has accepted the invitation.
New Party. Find another entity to compensate the Terminated Party for its BVWACS Value, assume the ownership of the Terminated Party’s BVWACS Value, and assume its obligations and rights under the BVWACS Agreement;
New Party. A new section to Part 14 has been added that sets out the provisions under which the Town of Qualicum Beach can exercise its option to become a Joint Venturer under the “Englishman River Water Service (ERWS) Joint Venture Agreement”. During negotiations with the Town of Qualicum Beach, based on water demand projections from the AWS Consultant report that Qualicum Beach may not require water from the AWS bulk water supply for the next 30 years, Qualicum Beach advised the other Joint Venture partners that they do not wish to cost share in the next phase of capital works at this time. They have advised that they wish to retain their 13.7% interest in the AWS dam and related infrastructure, but do not wish at this time to participate in the construction of a new intake, water treatment plant, reservoir and distribution system. Consequently, a new Agreement has been developed which only includes the City of Parksville and the RDN as participants in a new Joint Venture arrangement. This agreement is discussed under a separate report from the AWS Management Committee. While the Town of Qualicum Beach would not be a signatory to the ERWS Joint Venture Agreement, under the AWS Agreement it would have the option to ‘buy in’ to that infrastructure at a future date. This option is provided in recognition of the rights that Qualicum Beach possesses as a Joint Venture partner on the AWS water licence for Englishman River.
Section 14.1 of this Part specifies that when the Town of Qualicum Beach wishes to become a party to the ERWS Agreement, it will be required to pay a purchase price value based on the actual cost at the time of construction plus any increase in the Consumer Price Index (British Columbia) over time to the time of purchase. This valuation is also applicable to the purchase of any lands acquired by the ERWS Joint Venturers. Schedule ‘A’ has been updated to provide a more accurate description and location of the existing infrastructure. Schedule ‘B’ has been updated to reference the current RDN Bulk Water Service Area Bylaws for Nanoose Bay and French Creek, and Schedule ‘C’ includes the capital cost apportionment percentages as originally agreed to by the Joint Venturers of 63.9% for Parksville, 13.7% for Qualicum Beach and 22.4% for the RDN.
New Party. An entity who did not execute this Agreement on the Effective Date subsequently submits a written application to become a Party and, in that application, demonstrates to the satisfaction of all Parties by Consensus that: (i) it supports both this and the Hydropower Agreements and (ii) its participation will contribute to the effective implementation of the agreements. Any such subsequent Party shall execute both agreements concurrently. This provision applies to a proposed assignee or successor of a Party.
New Party. Applicable Conditions
13.1 A new party may become a Party under this Agreement:
(a) by enacting the Bylaw; and
(b) by entering into an Agreement with the hitherto Parties that contains all of the terms and conditions set out in this Agreement; and
(c) with the unanimous consent of the hitherto Parties.
