The Company and the. Executive acknowledge and agree that the Original Employment Agreement is hereby terminated by mutual consent and neither the Company nor the Executive shall have any continuing obligation to the other pursuant to the terms of the Original Employment Agreement.
The Company and the. Fund acknowledge that the arrangement contemplated by this Agreement is not exclusive; the cash value of the Contracts may be invested in other investment companies, provided, however, that (i) such other investment company, or series thereof, has investment objectives or policies that are substantially different from the investment objectives and policies of the Fund underlying the Contracts specified; or (ii) the Company gives the Fund thirty days written notice of its intention to make such other investment company available as a funding vehicle for the Contracts; or (iii) such other investment company was available as a funding vehicle for the Contracts prior to the date of this Agreement and the Company so informs the Fund prior to the execution of this Agreement; or (iv) the Fund consents to the use of such other investment company, such consent not to be unreasonably withheld.
The Company and the. Investment Manager acknowledge and agree that so long as DITCML maintains and adheres to reasonable disaster recovery procedures in light of its duties and obligations to be performed under this Agreement, DITCML shall not be responsible for the loss or damage to any documents or other property of the Company and/or the Investment Manager or any Shareholder or for any failure to fulfill its duties hereunder if such loss, damage or failure shall be caused by directly or indirectly due to a cause beyond its reasonable control, including, but not limited to war, terrorism, enemy action, the act of government or other competent authority, of any investment exchange or dealing house, riots, civil disturbance, rebellion, pestilence, storm, tempest, accident, fire, strike, explosion, lock-out or the breakdown, failure or malfunction of any telecommunication or computer service or any occurrence or event beyond the reasonable control of DITCML.
The Company and the. Employee acknowledge and agree that this Agreement and each of the provisions hereof shall be treated as confidential and, except to the extent required by applicable law or regulations, or as deemed reasonably necessary by the Company to facilitate due diligence in connection with acquisitions or financings, neither the Employee nor the Company shall disclose the terms of the Agreement, or provide copies hereof, to any third party without the prior written consent of the other party.
The Company and the. Warrant Agent may from time to time --------- supplement or amend this Agreement without the approval of any Holders in order to cure any ambiguity or to correct or supplement any provision contained herein which may be defective or inconsistent with any other provision herein, or to make any other provisions or change in regard to matters or questions arising hereunder which the Company and the Warrant Agent may deem necessary or desirable and which shall not adversely affect the interests of any Holder.
The Company and the. Promoters acknowledge that IGC as a company follows stringent compliance, reporting and audit requirements including but not limited to timely and accurate closure and reporting of financial statements compliant with US GAAP and the appointment and removal of the statutory auditors and internal auditors shall not be without the affirmative vote of IGC, including the right of the IGC Director to nominate an auditor at the Board meeting.
The Company and the. Stockholders acknowledge that the Escrow Agent is a practicing attorney, and may have worked with the Company, the Stockholders, or affiliates of them on other unrelated transactions, and that they and each of them has specifically requested that the Escrow Agent draft the documents for this transaction and act as Escrow Agent. Each party represents that it has retained legal and other counsel of its choosing with respect to the transactions contemplated herein and is satisfied in its sole discretion with the form and content of the documentation drafted by the Escrow Agent. The parties hereby waive any objection to the Escrow Agent so acting based upon conflict of interest or lack of impartiality. The Escrow Agent agrees to act impartially and in accordance with the terms of this Agreement and with the parties' respective instructions, so long as they are not in conflict with the terms of this Escrow Agreement.