Current Party definition
Examples of Current Party in a sentence
No failure or delay by any Current Party to exercise any right, power or remedy will operate as a waiver of it nor will any partial exercise preclude any further exercise of the same or of some other right to remedy.
Each Current Party [(and each Exiting Party in relation to whom clause 10 continues to apply by virtue of clause 10.2)] warrants to the other that it has not relied on any representation or agreement (whether written or oral) not expressly set out or referred to in the Agreement.
Each Current Party [(and each Exiting Party in relation to whom clause 10 continues to apply by virtue of clause 10.2)] submits to the non-exclusive jurisdiction of the English courts and agrees that the Agreement is to be governed and construed according to English law.
THIRD PARTY RIGHTS AND INDEPENDENCE A person who is not a Current Party to this Agreement shall have no rights pursuant to the Contracts (Rights of Third Parties) Act 1999 to enforce any term of this Agreement.
LIMITED acting on behalf of itself and each Current Party (as defined below).
In the event that the Administrative Agent does not exercise its right to so acquire all of such ▇▇▇▇▇▇’s interests, then each Lender that is not a Defaulting Lender (a “Current Party”) shall then, thereupon, have the right, but not the obligation, in its sole discretion to acquire at par (or if more than one Current Party exercises such right, each Current Party shall have the right to acquire, pro rata) such Defaulting Lender’s Commitment, including its Share of Outstandings under this Credit Agreement.
In the event that the Administrative Agent does not exercise its right to so acquire all of such Lender’s interests, then each Lender that is not a Defaulting Lender (a “Current Party”) shall then, thereupon, have the right, but not the obligation, in its sole discretion to acquire at par (or if more than one Current Party exercises such right, each Current Party shall have the right to acquire, pro rata) such Defaulting Lender’s Commitment, including its Share of Outstandings under this Credit Agreement.
Each Current Party (and each Exiting Party in relation to whom clause 10 continues to apply by virtue of clause 10.2) warrants to the other that it has not relied on any representation or agreement (whether written or oral) not expressly set out or referred to in the Agreement.
THIRD PARTY RIGHTS AND INDEPENDENCE A person who is not a Current Party to this Agreement shall have no rights pursuant to the Contracts (Rights of Third Parties) ▇▇▇ ▇▇▇▇ to enforce any term of this Agreement.
A person who is not a Current Party to this Agreement shall have no rights pursuant to the Contracts (Rights of Third Parties) ▇▇▇ ▇▇▇▇ to enforce any term of this Agreement.