Surrendering Party definition

Surrendering Party has the meaning set forth in Section 5.02(a) of this Trust Agreement.
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Surrendering Party means a Party surrendering its rights and interests under this Agreement and/or abandoning and decommissioning its Project.
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Surrendering Party has the meaning set forth in Section 15.15.A hereof.
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Examples of Surrendering Party in a sentence

  • Thereupon, the Surrendering Party shall cease to be the Control Party.

  • The Surrendering Party acknowledges In favour of a third party that a certificate in writing signed by any director or the secretary of the other Party having the limited effect provided for by this power to record the other Party as the proprietor of the Surrendered Joint IP Rights falls within the authority conferred by this Agreement and shall be conclusive evidence that such is the case.

  • If either party wishes to surrender the Patents and/or the Foreground IPR (or any of them) that party (the Surrendering Party) shall give to the other party not less than six (6) months’ prior written notice of the Surrendering Party’s wish to do so.

  • The other party shall accept such assignment and indemnify the Surrendering Party in respect of any liability arising out of such surrender but not in respect of any act arising before the date of surrender.

  • Such Surrendering Party shall, if requested to do so, reassign said lease acreage insofar as it covers the portion being surrendered, expiring or abandoned to the other acreage insofar as it covers the portion being surrendered, expiring or abandoned to the other party free of any encumbrances suffered by, through or under the Surrendering Party.

  • If the Surrendering Party is not the registered holder or is not one of the persons included on any list of duly authorised persons supplied by the registered holder, the Transfer Agent or Registrar shall require reasonable evidence (which may include legal opinions) of the authority of the Surrendering Party to act on behalf of, or in substitution for, the registered holder in relation to such Bonds.

  • In the event of a Surrender, the Cash Amount shall be delivered as a certified or bank check payable to the Surrendering Party or, in the Managing Member’s sole and absolute discretion, in immediately available funds on or before the Surrender Date.

  • Each Surrendering Party further agrees that, if any stamp, recording, documentary or similar tax is payable with respect to the Membership Common Units as a result of the transfer thereof to the Company, such Surrendering Party shall assume and pay such tax.

  • Thereupon, the Surrendering Party shall cease to be the Administrative Party.

  • If the other party wishes to maintain the Patents and/or Foreground IPR (or any of them) it shall inform the Surrendering Party of such intention within the six (6) month period and the Surrendering Party shall assign its share, including all the Surrendering Party’s right and title to and interest in the Patents and/or the Foreground IPR together with all rights of action, powers and benefit to the same belonging or accrued by way of gift, to the other party.