Examples of Funder Agreement in a sentence
Without prejudice to any other rights or remedies which the British Council may have, the British Council may terminate this Agreement without liability to the Recipient immediately on giving notice to the Recipient if: the Recipient uses the Grant or any part of it other than for the Project; the Funder Agreement is terminated for any reason; there is a change of Control of the Recipient; or the funding for the Grant is otherwise withdrawn or ceases.
Without prejudice to any other rights or remedies which the British Council may have, the British Council may terminate this Agreement without liability to the Recipient immediately on giving notice to the Recipient if: the Recipient uses the Grant or any part of it other than for the Project; the Funder Agreement is terminated for any reason; or there is a change of Control of the Recipient.
Without prejudice to any other rights or remedies which the British Council may have, the British Council may terminate this Agreement without liability to the Recipient immediately on giving notice to the Recipient if: the Recipient uses the Grant or any part of it other than for the Project; or the UK Funder Agreement is terminated for any reason.
The Parties acknowledge and agree that RareGen shall first seek to have its Counsel Fees and Litigation Expenses funded by Senior Funder pursuant to the Senior Funder Agreement.
Thecorresponding reciprocal bases are given by the vectorsV˜ s =v˜1 andV˜ ƒ =v˜2.
Holdings agrees that so long as any sum is owed to Senior Funder pursuant to the Senior Funder Agreement, Holdings shall not receive or retain payments of from RareGen pursuant to this Agreement.
The rights of Holdings hereunder and all of the Secured Obligations are hereby, and shall continue to be, subject and subordinate in priority and payment to the rights of Senior Funder under the Senior Funder Agreement and to all sums due or to become due to Senior Funder under the Senior Funder Agreement; provided that Holdings is not in any way restricted from enforcing its rights under Articles IV, V and VI hereof.
RareGen shall comply in all material respects with respect to its obligations under the Senior Funder Agreement.
In the event that RareGen is required under the Senior Funder Agreement to pay any Litigation Proceeds into a lockbox account, escrow account or other similar restricted account, then Holdings agrees that no portion of such Litigation Proceeds shall become payable to Holdings pursuant to this Agreement unless and until such funds are released to RareGen from such lockbox account, escrow account or other restricted account pursuant to the Senior Funder Agreement.
Within fifteen (15) days of RareGen (or Counsel) receiving any Litigation Proceeds, RareGen will (i) pay (or cause to be paid) to Senior Funder that portion of the Litigation Proceeds to which Senior Funder is entitled pursuant to the Senior Funder Agreement, and (ii) pay (or cause to be paid) any remaining Litigation Proceeds to Holdings as the Holdings’ Share (or a portion thereof) in immediately available funds in accordance with wire instructions to be provided to RareGen by Holdings.