Nexen definition
Examples of Nexen in a sentence
If the outcome of such action, proceeding or inquiry establishes that the Indemnified Party were not entitled to indemnification of such costs, charges and expenses, then the Indemnified Party shall repay to Nexen all amounts paid by it to or for the benefit of such Indemnified Party under this paragraph 4(f) for which there was no entitlement to indemnification.
Nexen shall provide the Indemnified Party with a copy of the insurance policies, if requested, and shall provide the Indemnified Party with prompt written notice if such insurance is not maintained for any reason.
Employees transported to the Syncrude Aurora site, or the Albian Sands site, or the CNRL site, or the Nexen site, from Ft. ▇▇▇▇▇▇▇▇ will be entitled to receive the current inconvenience allowance being paid by the appropriate Client.
Upon receipt of the notice of the Claim, Nexen shall, at its expense and in a timely manner, contest and defend against the Claim or cause the relevant Corporation to contest and defend against the Claim and take all such steps as may be necessary or proper to prevent the resolution thereof in a manner adverse to the Indemnified Party.
Nexen covenants and agrees that it shall not, without the consent of the Indemnified Party, transfer of dispose of all or substantially all of its assets or business to any entity that does not agree to assume all of the obligations of Nexen under this Agreement.
Such assumption, payment or reimbursement shall be made continuously and promptly after the Indemnified Party has advised Nexen of such costs, charges and expenses.
The Indemnified Party shall fully cooperate with Nexen in taking all such steps.
The duties and obligations of Nexen under this Agreement shall be binding upon, and enforceable by the Indemnified Party, against Nexen and its successors and assigns, including any corporation with which Nexen is merged or amalgamated.
BANK shall cause CUSTODIAN to promptly forward to DEPOSITOR trust receipts via regular mail, or will provide such trust receipts and reporting on the Nexen Internet service made available to DEPOSITOR, covering all such collateral held for DEPOSITOR by CUSTODIAN, including substitute collateral substituted in accordance with this Agreement.
The Indemnified Party covenants and agrees that, upon becoming aware of any facts or circumstances which may give rise to the Indemnified Party becoming a party, directly or indirectly, to any action, proceeding or inquiry referred to in paragraph 4(a) (a "CLAIM"), the Indemnified Party shall provide written notice to Nexen setting out in reasonable detail the nature of the facts relating to such Claim.