Examples of Necessary party in a sentence
The Company shall cause each Necessary Party to execute a supplement to the guaranty provided in Section 11 hereof pursuant to which such Restricted Subsidiary joins in and becomes obligated as a guarantor hereunder, which supplement shall be in the form attached hereto as Exhibit C or in such other form satisfactory to the Administrative Agent (MK-Ohio, Washington and the from time to time Necessary Parties are herein collectively referred to as the "Guarantors" and each individually as a "Guarantor").
However, in the event that a Party contends that a third party would constitute a Necessary Party for purposes of a particular Arbitration proceeding or has a right or obligation to participate in the Arbitration proceeding pursuant to a commitment to be bound by the ADR Procedures, that Party may, following notice to the other Parties, give notice of the proceeding to such third party.
Landlord and Tenant each agree to obtain a written agreement to abide by the terms of this Section from each Necessary Party to whom the terms of this Lease are disclosed, prior to such disclosure.
If the Necessary Party exercises such election, the Necessary Parry shall give its share (if any) of the award from the litigation to the Prejudiced Party.
If a Parry's ("the Necessary Party" for the purposes of this paragraph) cooperation is necessary in order to prevent a third party infringer from materially prejudicing the rights of the other Party ("the Prejudiced Party" for the purposes of mis paragraph) in Transferred Intellectual Property, then the Necessary Party shall use Reasonable Efforts to provide cooperation with respect to such inrringement at the request of the Prejudiced Party.