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.
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.
The Party B Group Agent may be changed by a written notice, signed by all Party B Group Members, delivered to Party A.
There is no action, claim, suit, proceeding or investigation (including employee related disputes) pending, or to Party B’s and knowledge currently threatened, against Party B, or any entity within Party B Group, that affects the assets of the Company or Party B, or the Company’s ability to perform or observe any obligation or condition under this Agreement or any other transaction document.
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.
No Party B Group Member may transfer its rights or obligations under in this Agreement without the prior written consent of Party A.
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".