Examples of Existing Framework Agreement in a sentence
It is the intent of the parties hereto that this Framework Agreement (i) shall re-evidence the obligations of the Parties under the Existing Framework Agreement, (ii) is entered into in substitution for, and not in payment of, the obligations under the Existing Framework Agreement and (iii) does not constitute a novation of any of the obligations which were evidenced by the Existing Framework Agreement or any of the other Transaction Agreement.
The New Framework Agreement is renewable for a term of three years if the parties so agree and subject to the relevant requirements of the Listing Rules.Other Terms and conditionsAll the terms and conditions of the New Framework Agreement remain substantially the same as those of the Existing Framework Agreement.
Effective as of the Effective Date, the Existing Framework Agreement is amended and restated as set forth in this Framework Agreement.