Charter Parties definition
Examples of Charter Parties in a sentence
The Manager will include in the Charter Parties an appropriate War Risks Clause, Clause Paramount and any other Owner’s protective clauses where applicable in accordance with the custom of trade.
The Charter Parties acknowledge that none of the Helicon Parties has made any, or makes any, promises, representations, warranties, covenants or undertakings, express or implied, other than those expressly set forth in this Agreement.
Notwithstanding the foregoing, none of the Charter Parties makes any representation or warranty regarding any of the foregoing that may result from the specific legal or regulatory status of any Seller or any Helicon Company or as a result of any other facts that specifically relate to the business or activities in which any Seller or any Helicon Company is or proposes to be engaged other than the cable television business.
After the Closing, but subject to Section 10.5, the Charter Parties jointly and severally agree to indemnify and hold Sellers harmless against and with respect to, and shall reimburse Sellers for any and all Losses resulting from any untrue representation or breach of warranty by any Charter Party or the nonfulfillment of any covenant by any Charter Party contained in this Agreement or any other Transaction Document to which such Charter Party is a party.
The Helicon Companies shall cooperate with the Charter Parties prior to the Closing with respect to the Year 2000 Matters.
The Charter Parties and the Helicon Parties shall therefore each be entitled, in addition to any other remedies which may be available, including monetary damages, to obtain specific performance of the terms of this Agreement.
The Charter Parties may not settle any such claim by a Franchising Authority or other Governmental Authority for which the Sellers would be liable without the consent of the Sellers, which shall not be unreasonably withheld.
Any such settlement will be binding upon the Charter Parties and Sellers for purposes of determining whether any indemnification payment is required pursuant to this Section 10.
The Indemnity Agreement, duly executed by Buyer (as agent for and on behalf of the Charter Parties), and the Escrow Agent.
The Charter Parties shall have performed and complied with in all material respects all covenants and agreements required by this Agreement to be performed or complied with by them prior to or at the Closing.