Executing Party definition
Examples of Executing Party in a sentence
In case this Agreement is signed by the Executing Party as a nominee or trustee, then any reference to “▇▇▇▇▇” hereunder shall refer to such affiliate, as if an original party hereof, and the Executing Party shall have no further rights or obligations hereunder.
Whenever the Affected Party is intending to perform work in the Proximity Area a notice of at least [seven (7)] days shall be given to the Executing Party in order for its representative to board the relevant ship or craft performing work in the Proximity Area.
The Executing Party shall provide detailed daily progress reports to the Affected Party.
The Executing Party shall be notified of any claims under GTC Articles 7.1 and 7.4, second paragraph related to events having occurred within the twenty-four (24) month period as soon as reasonably practicable after the event is made known to the Affected Party.
Execution of this Lease by either party (“First Executing Party”) shall not be binding on the First Executing Party notwithstanding any time interval, until the other party has in fact signed and delivered this Lease to the First Executing Party.
The Executing Party shall maintain and operate any facility installed under the Proximity Operation at the Proximity Point(s) in a way which ensure the safety and security of the Affected Pipeline and that no damage is caused to the Affected Pipeline by any facility installed under the Proximity Operation.
All such policies shall provide for a waiver of all rights of recovery or subrogation against the Executing Party and the Affected Party respectively (including their Participants, their Affiliates, and its Contractors, Subcontractors and Agents).
The Affected Party shall provide detailed daily progress reports to the Executing Party.
All information and announcements to the public relating to any facility installed under the Proximity Operation shall be performed by the Executing Party.
Upon the Parties’ mutual agreement of such terms, such Patent Right or other Intellectual Property will be treated as “Controlled” by the Executing Party hereunder to the extent, and only to the extent that and for so long as, the Electing Party agrees and does pay to the Executing Party in accordance hereunder all such applicable payments to such Third Party licensor arising out of the grant and exercise of the license to the Electing Party hereunder.