Novation Agreement definition

Novation Agreement means a legal instrument—

Novation Agreement means each of the Vessel A Novation Agreement, the Vessel B Novation Agreement and the Vessel C 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

• The Parties and Polestar NEV thereafter entered into a novation agreement (PS20-079) signed 17 December 2020 (“Novation Agreement”) and an amendment agreement to the Novation Agreement (PS23-073) to be signed in conjunction with this Agreement in which Volvo Cars agreed to that Polestar NEV transfers all of its rights and outstanding obligations under the Original Agreements to Polestar and Polestar NEV agreeed to accept such transfer.

• The Grant Recipient acknowledges and agrees that if a Succession occurs and a Novation Agreement executed by the Grant Recipient and the Successor is not received by the Authorised Representative on or before twelve (12) months after the Succession for any reason, the Authority may exercise its discretion to recover the full amount of the Grant and any other sums actually received by the Grant Recipient pursuant to this Agreement and to terminate this Agreement in accordance with paragraph 26.

• The Authority’s form of Novation Agreement shall be used for any Novation of this Grant Funding Agreement.

• Upon the Novation Agreement becoming effective from the Delivery Date, the New Lessor will become the new lessor under the Lease and will assume the rights and obligations of the Existing Lessor under the Lease.

• Under the Sale and Purchase Agreement, the relevant parties will enter into the Novation Agreement for the Lease, which will take effect from the Delivery Date.

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 7.3(a).

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; Party means the Authority or Grant Recipient and Parties shall be each Party together;

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).