Definition of FET Resources


FET Resources means FET Resources Ltd., a corporation amalgamated under the ABCA which is an indirect wholly-owned subsidiary of Focus;

Examples of FET Resources in a sentence

Each of Focus and FET Resources irrevocably waives any right it may have to raise as a defence that any such liquidated damages are excessive or punitive.
Focus and FET Resources agree to keep Enerplus and EnerMark fully appraised in a timely manner of every circumstance, action, occurrence or event occurring or arising after the date hereof that would be relevant and material to a prudent operator of the business and operations of Focus and FET Resources.
Without limitation, representatives of Enerplus and EnerMark will be permitted to attend FET Resources' weekly operations meetings.
Focus and FET Resources shall confer with and obtain Enerplus' approval (not to be unreasonably withheld or delayed), prior to taking action (other than in emergency situations) with respect to any material operational matters involved in its business.
For greater certainty, the Parties agree that the payment of the amount pursuant to this Article 6 is the sole monetary remedy of Enerplus and EnerMark provided, however, that this limitation shall not apply in the event of fraud or wilful breach of this Agreement by Focus and/or FET Resources.