Contract Novation definition
Examples of Contract Novation in a sentence
The representations made by the Bank of New York as Assignee under the Corridor Contract Novation Agreement are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund.
Following the Contract Novation, each Obligor shall procure the relevant Assignee Group Member (other than EDC WGQ) to enter into relevant back-to-back agreement with EDC WGQ or EDC YG (as case may be) and to enter into relevant supplemental agreement to the relevant pledge over receivables.
On the Effective Date set forth in the Contract identified in Section 1 of this Contract Novation and Amendment Agreement (the “Contract”), Entrix, Inc., d/b/a Cardno Entrix, a Delaware Corporation (“Original Contractor”) and County, on behalf of its Public Works Department, entered into the Contract.
The effective date of this Contract Novation and Amendment Agreement is February 28, 2015.
The Seller further agrees to assign all of its right, title and interest in and to the corridor contract evidenced by the Confirmation And Agreement, and to cause all of its obligations in respect of such transactions to be assumed by the Corridor Contract Administrator on the terms and conditions set forth in the Corridor Contract Novation Agreement.
CHL shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Trustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Novation Agreement.
The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Novation Agreement and shall be fully protected in relying thereon.
With the funds provided under this Agreement the Contractor must prioritize payments for expenditures associated with providing Medically Necessary crisis and residential services for Medicaid Enrollees that are not included in the Medicaid State Plan or the 1 91 5(b) Waiver.
GDS HK shall, upon the Receiving Account (GDS HK-WGQ) and the Receiving Account (GDS Shanghai-YG) being established with the Account Bank but in no event later than 2 Months after the first Utilisation Date, provide the Facility Agent with the eevidence that the notification letters stipulated in Clause 23.23 (Contract Novation) of this Agreement have been duly delivered to all customers under the GDS HK Service Contracts in relation to Project SH2 existing as of the date of this Agreement.
The parties hereto acknowledge and agree that the Corridor Contract Administrator is directed and authorized to sign the Corridor Contract Novation Agreement and the Corridor Contract Administration Agreement and shall be fully protected in relying thereon.