Common use of Parties and Background Clause in Contracts

Parties and Background. This is a SERVICE AGREEMENT with attached signature pages (the "Agreement") between the COMPANY, a WSMC member, and MARINE SPILL RESPONSE CORPORATION, a nonprofit corporation organized under the laws of Tennessee ("MSRC"). For convenience and simplicity, as between the COMPANY and Covered Entity (if any), references to the party for performance are made to a “Covered Entity,” but the COMPANY can exercise the rights and will guarantee the performance of a Covered Entity as set forth more fully in this Agreement. In consideration of the promises and the mutual covenants of this Agreement, MSRC and the COMPANY agree as follows: Articles