AVA Assigned Agreement definition
Examples of AVA Assigned Agreement in a sentence
The Parties hereby agree that, with effect from the Effective Date, the AVA Assigned Agreement shall include all of the terms and conditions of the Agreement amended to reflect the assignment of the Assigned Avianca Aircraft to Avianca, except as otherwise provided herein, and shall include the amendments set forth in this Clause 3.
Any future reference to (a) the Agreement in relation to any of the Assigned Avianca Aircraft in any document or instrument in connection therewith, shall, after the Effective Date, be deemed to be a reference to the AVA Assigned Agreement and (b) the “Buyer” under the AVA Assigned Agreement, as assigned, or in any other document or instrument, and in any case in relation to any of the Assigned Avianca Aircraft, shall, after the Effective Date, be deemed to be a reference to Avianca.
This AVA Assignment (and its existence) shall be treated by all of the Parties as confidential in accordance with clause 22.12 of the Purchase Agreement and the AVA Assigned Agreement.
Each of Avianca and the Original Buyer agree that any notice sent by the Seller to the Original Buyer pursuant to any default by Avianca under the terms of the AVA Assigned Agreement shall be automatically construed as a Seller’s first demand to the Original Buyer to fulfill its obligations as guarantor and cure Avianca’s default.
Avianca agrees that it may not assign, novate, transfer, sell, delegate or otherwise deal with or dispose of any of its rights hereunder or under the AVA Assigned Agreement without the prior written consent of the Seller.