Slovak Party definition

Slovak Party means the Slovak Republic, NPF and the Ministry which shall be jointly and severally liable as well as joint and several creditors with regard to payment obligations under this Deed vis-à-vis ERI, E.ON Ruhrgas, GDFS, GDFI, ▇▇▇▇▇▇ and SGH;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Slovak Party s Group Participant” means, in relation to the Slovak Party, an Affiliate, the NPF, SPP or a governmental entity which is from time to time a Party to this Agreement;

Slovak Party means the NPF, the Ministry and any other agency, ministry, Person or instrumentality that is wholly-owned or wholly-controlled by the Slovak Republic and that is from time to time a holder of Shares, and where more than one such entity holds Shares, references to the Slovak Party are to all such entities collectively provided, however, that with respect to any provision requiring the agreement or consent of the Slovak Party, or permitting the Slovak Party to nominate a candidate for a position in the Company, the reference to the Slovak Party shall mean the Ministry.

Examples of Slovak Party in a sentence

• The Ministry shall be responsible for performance and exercise of the Slovak Party’s obligations and rights under this Agreement and the Investors shall be entitled to rely on the Ministry as having full authority to act on behalf of the Slovak Party in respect of all such matters.

• For the purpose of this Article 3(d), the indemnification shall be due and payable by the Slovak Party to ERI, E.ON Ruhrgas, GDFS, GDFI, HoldCo and/or SGH, as the case may, be within five (5) Business Days following the date on which GDFS, GDFI, ERI, E.ON Ruhrgas, HoldCo or SGH (or any of them) have notified the Slovak Party that they made a payment with regard to the Relevant C Claims and Proceedings.

• Each of ERI, E.ON Ruhrgas, GDFS, GDFI, HoldCo and SGH shall fully indemnify the Slovak Party from any and all loss (including, but not limited to, in relation to taxes) suffered by it as a result of any breach or inaccuracy of the representations and warranties set out in this Article 6.

• The Slovak Party shall fully indemnify each of ERI, E.ON Ruhrgas, GDFS, GDFI, HoldCo and SGH from any and all loss (including, but not limited to, in relation to taxes) suffered by any of them as a result of any breach or inaccuracy of the representations and warranties set out in this Article 6.

• ON Ruhrgas, ERI, GDFI, GDFS, SGH and HoldCo Each of E.ON Ruhrgas, ERI, GDFI, GDFS, SGH and HoldCo shall be severally liable and not jointly or jointly and severally liable and shall be several creditors and not joint or joint and several creditors with regard to payment obligations and/or any other undertakings or obligations under this Deed vis-à-vis the Slovak Party.

• The Slovak Party shall bear the cost of its own human resources (including external resources) necessary for the conduct of such audit.

• The lowest pollution in the evaluated year was characteristic for the common sampling site No. 3531/0084 in the right-side seepage canal at Čunovo/Rajka, where the Slovak Party recorded values in the range from 0,7 to 1,8 mg.l-1 and the Hungarian Party in the range from 1,8 to 3,9 mg.l-1.

• The Ministry shall be responsible for performance and exercise of the Slovak Party’s and the Slovak Party’s Group Participant’s obligations and rights under this Agreement and the Investor shall be entitled to rely on the Ministry as having full authority to act on behalf of the Slovak Party and the Slovak Party’s Group Participant’s in respect of all such matters.

• In such case, the Investor shall exercise its voting rights in order to procure the election or recall of such third party nominees, as the Slovak Party shall request in accordance with this Clause 10.3 (without prejudice to Clause 5.1).

• No announcement or circular in connection with the subject matter of this Agreement shall be made or issued by or on behalf of the Slovak Party or the Investors without the prior written approval of the other Party.

More Definitions of Slovak Party

Slovak Party means any of the Slovak Entity, the Slovak HoldCo and the Slovak 3ED Subsidiary that is from time to time a holder of Shares, and where more than one such entity holds Shares, references to the Slovak Party are to all such entities collectively (provided, however, that with respect to the exercise of rights of the Slovak Party under this Agreement the reference to the Slovak Party is to the Ministry unless Clause 61 (Shareholder Representative) provides otherwise);

Slovak Party means any of the Slovak Entity, the Slovak HoldCo and the Slovak 3ED Subsidiary that is from time to time a holder of Shares, and where more than one such entity holds Shares, references to the Slovak Party are to all such entities collectively (provided, however, that with respect to the exercise of rights (including, for the avoidance of doubt, nomination rights and rights to give consent) of the Slovak Party under Clauses 5 (Nominations), 6.2 (Supervisory Board), 6.3 (Supervisory Board), 6.4 (Supervisory Board), 7.3 (Board of Directors), 7.4 (Board of Directors),

Slovak Party means any of the Slovak Entity, the Slovak HoldCo and the Slovak 3ED Subsidiary that is from time to time a holder of Shares, and where more than one such entity holds Shares, references to the Slovak Party are to all such entities collectively (provided, however, that with respect to the exercise of rights of the Slovak Party under this Agreement the reference to the

Slovak Party means any of the Slovak Entity or the Slovak HoldCo and any Party (other than the Investor) to whom the Shares which are owned by the Slovak Entity as of the effective date hereof, have been transferred in accordance with the terms of this Agreement, in each case only for as long as it holds the Shares, and where more than one such entity holds Shares, references to the Slovak Party are to all such entities collectively (provided, however, that with respect to the exercise of rights of the Slovak Party under this Agreement the reference to the Slovak Party is to the Ministry unless Clause 47 (Shareholder Representative) provides otherwise);

Slovak Party means, without prejudice to the positions the Parties may take as to whether the NPF is an organ, agency or instrumentality of the Slovak Republic, this point being disputed, together, the NPF, the Ministry and any other Governmental Entity which is a l awful successor of the NPF and/or the Ministry with regard to this Deed (as, from time to time, a holder of shares in the Company or an entity authorized to exercise shareholder’s rights in the Company), provided that the NPF, the Ministry and any relevant Governmental Entity shall be jointly and severally liable, as well as joint and several creditors, with regard to payment obligations under this Deed vis-à-vis ERI, E.ON Ruhrgas, GDFS, GDFI, HoldCo and SGH;