Examples of Shell Agreement in a sentence
Tenant acknowledges its obligations under the Shell Agreement, and Landlord and Tenant agree that this Agreement shall, for purposes of Section 2 of the Subordination, Non-Disturbance and Attornment Agreement among Landlord, HPT PSC Properties Trust, HPT PSC Properties LLC, Tenant and Shell entered into as of April 15, 2013 (“Shell SNDA”) in connection with the Shell Agreement, constitute a replacement “Lease”, as defined in the Shell SNDA, for the Prior Lease.
Shell Agreement In connection with the Corporation’s involvement in the Shell GameChangers™ Program, the Corporation entered into a Cooperative Research Agreement with Shell dated October 24, 2014, and most recently amended on June 27, 2016 (collectively the “Shell Agreement”).
Although HyperSciences’ participation in the GameChanger program concluded in March 2017 and no additional contractual engagements between HyperSciences and Shell exist as of the date of this Offering Circular, the Shell Agreement (a redacted version of which is attached to this Offering Circular as Exhibit 6.10) requires ongoing obligations on the part of HyperSciences.
Tenant shall comply with its obligations under the Shell Agreement and Landlord and Tenant agree that this Agreement and the Other Leases shall, for purposes of Section 2 of the Subordination, Non-Disturbance and Attornment Agreement among Landlord, HPT PSC Properties Trust, HPT PSC Properties LLC, Tenant and Shell entered into as of April 15, 2013 (“Shell SNDA”)in connection with the Shell Agreement, constitute a replacement “Lease”, as defined in the SNDA, for the Original Lease.
Tenant shall comply with its obligations under the Shell Agreement and Landlord and Tenant agree that this Agreement and the Other Leases shall, for purposes of Section 2 of the Subordination, Non-Disturbance and Attornment Agreement among Landlord, HPT PSC Properties Trust, HPT PSC Properties LLC, Tenant and Shell entered into as of April 15, 2013 (“Shell SNDA”)in connection with the Shell Agreement, constitute a replacement “Lease”, as defined in the SNDA, for the Prior Lease.
In the event of termination of this Agreement by Seller as provided in Section 9.01(d), Seller shall pay Buyer an amount equal to the amount of Buyer’s reasonable out-of-pocket expenses for which Buyer has not theretofore been reimbursed by Seller, provided that the aggregate amount of expenses reimbursed pursuant to this Section 9.02 and Section 9.02 of the Pink Shell Agreement shall not exceed $350,000.
HyperSciences must make efforts to ensure that the net effective prices payable by Shell and/or its affiliates for “Products” (as defined in the Shell Agreement) are no greater and on terms no less favorable in the aggregate than those charged to any other customer for equivalent products.
To the knowledge of the Acquired Corporation, the Indian Subsidiary and the Stockholders, the estimate of the costs incurred prior to the Closing Date by the Acquired Corporation and the Indian Subsidiary relating to the projects (the “Shell Projects”) under the Shell Agreement (as defined in Section 3.01(a)(ii)) which are the basis for the Earned but Unbilled Receivables on the Closing Date Balance Sheet are true and correct in all material respects.
Additionally, under the continuity of supply requirements of the Shell Agreement, in the event HyperSciences is unwilling or unable to supply “Products” upon commercially reasonable terms and timing, Shell and its Affiliates have a springing license, under HyperSciences’ Intellectual Property Rights, to make and supply, or have made and supplied by a third party, the “Products” until such time as HyperSciences is able to fulfill “Products” requests by Shell and its Affiliates.
Tenant shall comply with its obligations under the Shell Agreement and Landlord and Tenant agree that this Agreement and the Other Leases shall, for purposes of Section 2 of the Subordination, Non-Disturbance and Attornment Agreement among Landlord, HPT PSC Properties Trust, HPT PSC Properties LLC, Tenant and Shell entered into as of April 15, 2013 (“Shell SNDA”) in connection with the Shell Agreement, constitute a replacement “Lease”, as defined in the SNDA, for the Prior Lease.