New Licensee definition
Examples of New Licensee in a sentence
Former Licensee and New Licensee have executed the License and Transfer Agreement (“License and Transfer Agreement”) on the same date hereof.
Licensor hereby consents to the Assignment, and, with effect from the Effective Date, Licensor also undertakes to perform the Existing Agreement and to be bound by its terms in every way as if New Licensee were a party to the Existing Agreement in lieu of Former Licensee.
This Assignment Agreement shall take effect from the date that New Licensee fulfils its payment obligations as per section 2.2 of the License and Transfer Agreement (“Effective Date”).
The New Licensee acknowledges that its decision to take on the Transferring Clients and appoint the Adviser as one of its Authorised Representatives was solely based on its own assessment of the suitability of the Adviser and the Clients to its own business.
Within 5 days of the end of the Client Election Period, FSP will provide a letter to the New Licensee in the form attached at Annexure B, which can be given to each fund manager and issuer that FSP has an arrangement with to pay benefits, including commissions, fees and rebates.