Examples of New Licensee in a sentence
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.
Former Licensee and New Licensee have executed the License and Transfer Agreement (“License and Transfer Agreement”) on the same date hereof.
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.
If a Client gives a Client Election Notice to the Adviser, the New Licensee must ensure that the Adviser immediately sends the Client Election Notice to FSP.