Examples of Burdened Party in a sentence
If an Event of Change shall occur, the Burdened Party in the case of a New Tax or either party in the case of an Illegality or Specification shall, promptly upon becoming aware of it, notify the other party of the occurrence of such Event of Change.
If an Event of Change shall occur, the Burdened Party in the case of a New Tax or either Party in the case of an Illegality shall, promptly upon becoming aware of it, notify the other Party of the occurrence of such Event of Change.
If the Affected Party or the Burdened Party (as the case may be) is not able to cause such a transfer or restructuring it will give notice to the other party to that effect within such 20 day period, whereupon the other party may effect such a transfer or cause such a restructuring within 30 days after the notice is given under Section 6(b)(i).
Benefitted party shall pay Burdened Party the sum of $9,500.00, as damages.
Further, if the Burdened Party fails to pay, when due, its share of expenses chargeable hereunder, all provisions of Article VII.B. shall be enforceable against the Subsequently Created Interest in the same manner as they are enforceable against the working interest of the Burdened Party .