Existing Supplier definition
Examples of Existing Supplier in a sentence
The State and Existing Supplier hereby effect the novation of the Contract (the “Novation”) to substitute the Contractor for Existing Supplier for all purposes of the Contract.
Existing Supplier hereby releases the State from the State’s undertakings, obligations, duties and liabilities with respect to Existing Supplier under the Contract following the effective date of this Novation.
Contractor hereby accepts the Novation and assumes all rights, benefits, duties, undertakings, liabilities and obligations of Existing Supplier under the Contract.
This language should only be used where the Existing Supplier agrees to be jointly and severally liable with the New Supplier.
The Contract is hereby amended to replace all references in the Contract to Existing Supplier with references to INSERT FULL NAME OF NEW SUPPLIER.