Examples of Royalty Agent in a sentence
On the Effective Date, (i) the Debtors shall form Newco and contribute VI-0106 to Newco, (ii) the Liquidating Trustee shall execute the Liquidating Trust Agreement and form the Liquidating Trust in accordance with the Plan, (iii) Newco and the Royalty Agent shall enter into the Royalty Agreement, and (iv) the Debtors shall transfer the Liquidating Trust Initial Funding Amount to the Liquidating Trust.
All fees and expenses of the Royalty Agent shall be paid solely by the Trust and the Beneficiaries, and the Company Parties shall have no liability for such fees or expenses.
The Royalty Agent shall not be under any responsibility in respect of the validity of this Agreement or the execution and delivery hereof (except the due execution hereof by the Royalty Agent); nor shall it be responsible for any breach by the Company of any covenant or condition contained in this Agreement; nor shall it be responsible for the manner or method of calculation or amount of any Royalty or the ascertaining of the existence of facts that would require any such payment.
The Trust hereby appoints the Royalty Agent to act as agent for the Trust with respect to the rights of the Trust set forth in this Agreement, and the Royalty Agent hereby accepts such appointment.
The Royalty Agent undertakes to perform such duties and only such duties as are specifically set forth in this Agreement, and no implied duties, covenants or obligations shall be read into this Agreement against the Royalty Agent.
Any successor to the Royalty Agent so designated shall agree in writing to be bound by the terms of this Agreement and shall become the Royalty Agent hereunder.
The rights of the Royalty Agent under this Agreement are being granted to the Royalty Agent as an agent on behalf of the holders of the Trust Interests.
The Trustee may, upon written notice to the Company, designate a successor Royalty Agent from time to time.
No provision of this Agreement shall require the Royalty Agent to expend or risk its own funds, take any action that it believes would expose or subject it to expense or liability, or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers.
Some of them like Mr. Smith tried to impose their culture and religion on natives of Africa, But some of them like Mr. Brown resorted to persuasive method because they knew that the manipulative method and forcible conversion will not be durable.