Examples of Novated Agreement in a sentence
The New Guarantor is duly incorporated and validly existing under the laws of England, and has the requisite power and authority to enter into and perform its obligations under this Deed and the Novated Agreement.
Any disputes that may arise out of or in connection with this Deed will settled by arbitration as provided in clause 28 of the Novated Agreement.
In particular, the New Guarantor shall perform all the guarantee and indemnification obligations in favour of the Purchaser under sub-clauses 12.1 to 12.6 of the Novated Agreement.
All notices under or in connection with this Deed will, unless otherwise stated, be given in accordance with the Novated Agreement.
The Investment Manager, DITCML and the Company hereby confirm and acknowledge to CMIA that CMIA shall not be required to assume any greater obligation than was provided for under the Novated Agreement by reason of the novation constituted by this Agreement than would have been the case had no such novation taken place.
Notwithstanding clause 2.2 above, the Investment Manager will continue to be bound by confidentiality provisions in the Novated Agreement.
Each Party hereto represents and warrants to the other parties that this Agreement and the Novated Agreement set out and contain legally binding terms and arrangements between the Parties.
SCHEDULE 3.6 hereto lists each agreement relating to Assets which will be assigned to Buyer pursuant to a Novation Agreement (the "NOVATED AGREEMENTS") or will be covered by the Service Agreement until assigned or until such Novated Agreement expires by its terms or is otherwise terminated by Seller to Buyer following Closing pursuant to a Novation Agreement (the "SERVICE AGREEMENT CONTRACTS").
Seller shall notify the Buyer prior to entering into any negotiations or discussions regarding obtaining the consent of any of a party to a Novated Agreement or Service Agreement Contract, as applicable, to the assignment of same to Buyer hereunder and shall permit Buyer to be present at and involved in the negotiation of any potential modification or amendment to any such Novated Agreement or Service Agreement Contract, as applicable, in connection with obtaining any such consent.
The Parties acknowledge and agree that: the Original Party is not party to the Novated Agreement, and it has no liability for any obligations arising in respect of the Novated Agreement; and the New Party is not party to the Agreement, and it has no liability for any obligations arising in respect of the Agreement prior to the Effective Date.