Four Party Agreement definition
Examples of Four Party Agreement in a sentence
The parties hereto acknowledge that the terms of the Four Party Agreement allow the Insurers to request an assignment of the relevant Receivable Interests from the Banks as a condition to payment of a claim under the Insurance Policy.
As among SSA, SERA and the NL Companies, the only valid basis for SSA or the NL Companies to make a Removal Objection objecting to the SSA Removal Notice shall be that SSA was not, in fact, removed by SERA as the party performing the remediation in connection with the Assumed Environmental Liabilities pursuant to the Four Party Agreement.
SSA may request that SERA and the NI, Companies agree to a reduction of the Set Aside Fund to an amount equal to the remaining estimated costs (as defined pursuant to the Four Party Agreement) in accordance with Paragraph 3(c) below.
Lender agrees not to exercise the rights set forth in this subsection (b) until the earlier to occur of (i) an Event of Default or (ii) a Trigger Date (as defined in the Four Party Agreement).
The Reduction Request shall be accompanied with a certification and supporting documentation from SSA's environmental consultant, along with written approval from SERA and the NL Companies (or an affidavit from SSA that such approval has been deemed approved pursuant to the Four Party Agreement).
Such access shall be provided on at least a semi-annual basis and on a quarterly basis if the Trigger Date (as defined in the Four Party Agreement) has occurred.
Notwithstanding the foregoing, it is understood that the existing rights of the parties to the July 1, 1985, Four Party Agreement by and between VELCO, Central Vermont Public Service Corporation, Green Mountain Power Corporation and Citizens Utilities Company, or under other agreements by and between such parties, are not abridged or altered by this Appendix B.
Borrower, NL Companies, Sayreville Economic and Redevelopment Agency and County of Middlesex are all parties to that certain Reinstated and Amended Settlement Agreement and Release, dated as of June 26, 2008, as amended by that certain Amendment to "Reinstated and Amended Settlement Agreement and Release dated September 25, 2008 (the "Four Party Agreement").
Nothing in this Agreement is intended to modify or amend the Four Party Agreement.
In the event of a default by KGC in its obligations to make a KG Loan, the Bank shall have the right, under the Four Party Agreement, to cause the Company or WKA, respectively, to exercise such available rights and remedies with respect thereto as the Bank shall determine.