Examples of Party B Group in a sentence
Each Party B Group Member agrees that it shall be jointly and severally liable for the performance of all obligations of Party B and each other Party B Group Member under this Agreement (including, without limitation, for the payment of all amounts due Party A hereunder).
The intent is to net obligations owing between Party A and Party B, not obligations among the Party B Group Members or between Party A and any individual Party B Group Member.
Each Party B Group Member waives the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof.
The reference to a single agreement between the parties set forth in Section 1(c) of this Agreement refers to a single agreement between Party A, on the one hand, and all the Party B Group Members as one Party B, on the other.
Any actions taken by Party A prior to receiving notice of a change in the agent shall be binding on all Party B Group Members.
Each Party B Group Member waives all presentments, demands for performance, notices of non-performance, protests, notices of protests and notices of dishonor with respect to the obligations of each other Party B Group Member hereunder.
Section 4 of this Agreement is amended to delete the words "Each party agrees with the other" which appear at the beginning of that section and substitute in their place the words: "Party A agrees with Party B, and each Party B Group Member agrees with Party A".
The Party B Group Agent may be changed by a written notice, signed by all Party B Group Members, delivered to Party A.
In consideration of the mutual representations, warranties and covenants contained in this Amendment and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged by each of the parties hereto) the parties hereto hereby agree, with effect from and as of the date hereof, that the term “Party B” as used in the Agreement and the Transactions shall mean the each Party B Group Member as amended by the terms of this Amendment.
Notwithstanding the foregoing agency designation for certain purposes, each Party B Group Member remains authorized to enter into any Transaction with Party A, to give instructions to Party A, and to negotiate the terms of this Agreement, including the terms of the Schedule and any Confirmation, on behalf of all Party B Group Members; and all Party B Group Members shall be bound by the actions of any Party B Group Member.