Examples of F&G Agreement in a sentence
That is, the F&G Agreements specifically concern themselves only with the financial responsibility of the buyer — not that of the seller.Mobil argues that it is unreasonable for Unocal to withhold consent because if Mobil is in no better a position than Forest Oil to satisfy the F&G Agreement liabilities then Unocal is not disadvantaged by the sale.
Unocal has filed a cross motion for summary judgment on this issue, claiming that a comparison of ForestOil’s and Mobil’s credit worthiness is not required by the plain language of the F&G Agreements, which concern themselves only with the buyer’s ability to perform the F&G Agreement obligations regardless of the seller’s ability or inability to do so.Unocal has also moved for summary judgment on its affirmative claims against Mobil, asking the court to declare that it validly purchased the Cook stock.
Indeed, once the buyer assumes the F&G Agreement obligations, which both Unocal and Forest Oil have agreed to do, Mobil ceases to be the primary obligor.
But Mobil wants more than that — it wants a release from Unocal (in the form of an agreement that Forest Oil has adequate financial responsibility to assume Mobil’s F&G Agreement obligations) that would require Unocal, as the only other remaining Cook shareholder, to assume all of the liability if Forest Oil defaults on its share.
The consummation of the transaction is conditioned on whether TOLIC, in its sole discretion, is able to assure that Sarbanes Oxley clearance by its Steering Committee is granted with respect to the F&G Agreement and the Scottish Re Agreements, so as to allow TOLIC to exercise appropriate controls and to allow access to adequate and sufficient data for purposes of life reinsurance administration.
This plan is expected to be completed in the next two years.Further, the Company is making its foray into the power sector in a big way by taking up an ambitious plan to set up 625 MW captive thermal power plant at its existing plant site at Champa.
Pursuant to the CVP FG Agreement dated 20 November 2018, the Company agreed to acquire 52% interest in Hackett from CVP Financial Group at a total consideration of HK$462.8 million, of which 60% of the consideration will be settled by the Company by allotting and issuing 504,872,727 consideration shares to CVP Financial Group at an issue price of HK$0.55 per consideration share.
As at the date of this report, the CVP FG Agreement has not yet been completed.
For properties with higher rate bills these arrangements will cease to apply if the property changes occupation, and they do not (unless the property consists of advertising rights) apply to properties with a rateable value on 1st April 1990 of less than £500.Unoccupied property rating: Owners of unoccupied non-domestic properties may be liable to empty property rates, which are charged at 50% of the normal liability.
The Purchasers shall have received written documentation, in form and substance reasonably satisfactory to the Purchasers, evidencing (i) the full settlement and discharge of all claims and Actions asserted by Fox and Xxxxxxx against Novamedix and its Affiliates on or prior to the Closing, and (ii) the termination of the F&G Agreement and the release of all Liabilities thereunder.