Examples of Existing Indemnity Agreement in a sentence
Nothing herein or in the Sale Agreement shall be deemed to provide Argonaut’s consent to the substitution of any principal under any Existing Surety Bond or Existing Indemnity Agreement.
Except as provided for herein, the Purchaser shall not be (a) liable for any Existing Surety Bonds and/or obligations arising under the Existing Indemnity Agreement to the extent they relate to any assets that are not transferred to the Purchaser or (b) deemed a substitute principal under any Existing Surety Bond or an indemnitor under the Existing Indemnity Agreement.
Nothing in this Order, the Sale Agreement, or any documents related to any of the foregoing shall be construed to authorize or permit the assumption and assignment of the Existing Surety Bonds or the Existing Indemnity Agreement.
The Allottee hereby further agrees to pay for the said supply in accordance with the rates and charges laid down in the Schedule of tariff, prescribed by PSPCL from time to time.
The Existing Collateral Agent hereby assigns and transfers to the Collateral Agent, its successors and assigns, all of the Existing Collateral Agent’s right, title, and interest, as Existing Collateral Agent, in and to the Existing Indemnity Agreement.
From and after the date of this Agreement, the Parties shall use reasonable best efforts to (a) enter into, prior to Closing, an amendment to the Existing Indemnity Agreement, pursuant to which Seller shall be fully and unconditionally released from, and Buyer shall assume, all of the obligations of Seller under the Existing Indemnity Agreement and (b) obtain all third party Consents required in respect thereof.
The Debtors’ and the Guarantor’s obligations under the Existing Indemnity Agreement, the Guarantee and the Existing Surety Bonds are secured by certain cash collateral in possession of and/or controlled by Argonaut (the “Surety Collateral”).
All non-exempt employees are required to report a minimum combination of forty (40) hours per week including time worked, holiday hours and leave time.
Upon request of any of the Sureties, New Holdco and/or New Holdco Sub, as applicable, shall execute a new indemnity agreement in a form substantially similar to the applicable Existing Indemnity Agreement with such Surety or otherwise on terms acceptable to the applicable Surety and New Holdco and/or New Holdco Sub, as applicable.
Nothing in this Order, the Sale Agreement, any amendments thereto, or any other document, agreement or instrument contemplated by any of the foregoing, shall be deemed to provide for the transfer or assignment of any of the Existing Surety Bonds, any Existing Indemnity Agreement, or any Surety Collateral to the Purchaser.