To the Buyer. A fiduciary duty of utmost care, integrity, honesty, and loyalty in dealings with the Buyer. (2)
To the Buyer. A fiduciary duty of utmost care, integrity, honesty, and loyalty in dealings with the Buyer. (2) To the Buyer and the Seller. a. Diligent exercise of reasonable skills and care in performance of the agent's duties. b. A duty of honest and fair dealing and good faith. c. A duty to disclose all facts known to the agent materially affecting the value or desirability of the Property that are not known to, or within the diligent attention and observation of, the Parties. An agent is not obligated to reveal to either Party any confidential information obtained from the other Party which does not involve the affirmative duties set forth above.
To the Buyer. For the attention of: Xxxxx Xxxxxxxx and Xxxxx Xxxxx at the address set out against the Buyer in the recitals to this Agreement with a copy (which shall not constitute notice) to the Buyer’s Solicitors (for the attention of Xxxxxxx Xxxx and Xxxxx Xxxxxx, Xxxxxx & Xxxxxxx, 00 Xxxxxxxxxxx, Xxxxxx, XX0X 0XX (xxxxxxx.xxxx@xx.xxx and xxxxx.xxxxxx@xx.xxx); and
To the Buyer. The BUYER hereby represents and warrants that: The BUYER understands the terms and conditions of the purchase of the Assets (BTC); The BUYER is aware and understands the speculative and volatile nature of (BTC) pricing; and The BUYER has such knowledge and experience in financial and business matters that it can evaluate the merits and risk of the purchase of such Assets (BTC); and The BUYER has all requisite power and authority to execute, deliver, and perform this Agreement and to purchase the Assets (BTC) from the SELLER as described herein.
To the Buyer. The Sellers and the Buyer are evaluating various potential options for transporting the gas to Egypt including using the Pan Arabian pipeline via Jordan and/or entering of the Sellers into negotiations with EMG and all or part of its shareholders for the transportation of gas via the existing EMG pipeline to Egypt. furthermore, the Sellers are also evaluating the option for an additional on-shore pipeline connecting the Israeli gas grid and Egypt. The supply of gas under the Tamar Agreement is expected to begin once the infrastructure for the delivery of natural gas to Egypt is operational and from Leviathan upon commencing of production from the Leviathan reservoir, and are expected to continue until the earlier of the supply of the total contract quantity as set out in each of the Export Agreements, or December 2030. The Export Agreements include a number of conditions precedent, of which the key conditions are the receipt of regulatory approvals in Israel and in Egypt (including receipt of permits for the import and export of gas as aforementioned), entering into arrangement that will enable the transportation of gas to Egypt, including the signing of required transportation agreements between the Sellers and INGL (if required), the receipt of guarantees for the benefit of the Sellers as required by the Export Agreements, and the receipt of approvals from the Israeli tax authorities regarding the Export Agreements. To the best of the Partnership's knowledge, the Buyer, is a gas trading company intending to supply current and potential large-scale gas consumers in Egypt. It is clarified that there is no certainty that the sale of the gas to the Buyer according to the Export Agreements will occur, and this due to the non-fulfilment of the conditions precedent to the Export Agreements, all or any part thereof.
To the Buyer. In such event, the Buyer agrees to sign any documents reasonably necessary to effectuate the return of all of the Purchased Assets, including, without limitation a quit claim agreement with respect to the Purchased Assets.
To the Buyer. In the event of the HPD failing to comply with the above requirement, the Buyer shall make such deductions in the monthly tariff payments on immediate basis. Further, at the time of raising of 1st Monthly Tariff Payment Bill, HPD shall be required to provide a statutory auditor certificate supported by Board Resolution in regard to implications (loss/ gain) arising out of Article 12.
To the Buyer. A fiduciary duty of utmost care, integrity, honesty, and loyalty In dealings with the Buyer . (2) To the Buyer and the Seller a. Diligent exercise of reasonable skills and care in performance of the agent's fair dealing and good faith. c. A duty to disclose all facts known to the agent materially affecting the value or desirability of the Property that are not known to, or within the diligent attention and observation of, the Parties. An agent is not obligated to reveal to either Party any confidential information obtained from the other Party which does not involve the affirmative duties set forth above.
To the Buyer. Arwol Holdings Ltd.: 00
To the Buyer. At the Closing, VIMRx shall deliver to the Buyer the following: (i)the sum of $10 million, representing the purchase price for the Buyer Convertible Debenture described in Section 8.3(A)(i), such sum to be paid by wire transfer of immediately available federal funds to an account of the Buyer designated by the Buyer; and (ii)an executed copy of each of the Transaction Documents to which each of the Buyer and VIMRx is a party. 8.3
