Novation Agreement definition

Novation Agreement means a legal instrument—

Novation Agreement means each of the Vessel A Novation Agreement, the Vessel B Novation Agreement, the Vessel C Novation Agreement, the Vessel D Novation Agreement, the Vessel E Novation Agreement and the Vessel F Novation Agreement and in the plural means all of them;

Novation Agreement has the meaning set out in Section 4.5(b);

Examples of Novation Agreement in a sentence

• As the highest of all applicable percentage ratios in respect of the Proposed Annual Caps is higher than 0.1% but less than 5% on an annual basis, the Project Consulting Service Agreement (as supplemented by the Novation Agreement) and the transactions contemplated thereunder is subject to reporting, annual review and announcement requirements but exempt from the circular (including independent financial advice) and shareholders’ approval requirements pursuant to Rule 14A.76(2) of the Listing Rules.

• On 9 December 2024, Chongqing Merchants, a non-wholly owned subsidiary of the Company, entered into the Novation Agreement with Chongqing Yi Gang and Chongqing Garden City in relation to the novation of the rights and obligations of Chongqing Yi Gang under the Project Consulting Service Agreement to Chongqing Garden City.

• The reason for entering into the Novation Agreement is mainly to enjoy more professional project consulting services from Chongqing Garden City under the same price conditions in order to accelerate the progress of project execution.

• The Directors (including the independent non-executive Directors) have confirmed that the terms of the Novation Agreement and the transactions contemplated thereunder are fair and reasonable, on normal commercial terms or better and in the ordinary and usual course of business of the Group, and in the interests of the Company and its Shareholders as a whole.

• The terms of the Novation Agreement have been arrived at after arm’s length negotiations between the parties.

More Definitions of Novation Agreement

Novation Agreement means the novation agreement entered or to be entered into in respect of the Building Contract and made between (i) the Builder, (ii) the Lessor, (iii) the Guarantor (as “Original Purchaser”) and (iv) the Lessee (as “Replacement Purchaser”);

Novation Agreement has the meaning given in Clause 4.5.1(b)

Novation Agreement has the meaning set forth in Section 7.2(c)(vi). “Option Period” has the meaning set forth in Section 6.6(b).

Novation Agreement means an agreement pursuant to which the Grant Recipient novates this Grant Funding Agreement to a Successor, subject to the Authority’s prior notice, review and approval of the Novation Agreement; Obligation Period means the period of time over which the Woodland must be maintained, or the conditions of the Woodland maintained that will enable Natural Colonisation, in each case towards Tree Establishment, as further set out in the EWCO Grant Manual at Annex 1 and Annex 2D. The Obligation Period commences from the date the final Capital Payment is made under the Grant and continues for fifteen (15) years;

Novation Agreement means the novation agreement to be entered into pursuant to paragraph 6.5 (Novation Agreement) of the Implementation Plan on or before the Restructuring Effective Date.

Novation Agreement means a legal instrument-(a) Executed by the--(i) Contractor (transferor); (ii) Successor in interest (transferee); and (iii) Government; and (b) By which, among other things, the transferor guarantees performance of the contract, the transferee assumes all obligations under the contract, and the Government recognizes the transfer of the contract and related assets. (FAR 2.101 - Definitions).

Novation Agreement has the meaning set forth in Section 7.3(a).