Novate definition

Novate or "novation" shall be construed as an assignment of rights and an assumption of obligations;

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Novate and “Novation” shall have that meaning as set forth in the Federal Acquisition Regulation at Subpart 42.12 wherein a Governmental Entity may, when in its interest, recognize a third party as the successor in interest to a U.S. Government Contract when the third party’s interest in the Contract arises out of the transfer of all of the contractor’s assets, or the portion of the assets involved in performing the Contract. It shall also mean and include the assignment or other transfer of other Contracts that require the consent of or notice to the applicable counterparty to such Contracts, including without limitation. Customer Contracts to perform work for non-U.S. Government Customers (i.e., when the other contracting party is not a U.S. Governmental Entity), and Contracts to perform and/or procure work for the benefit of U.S. Government Customers or other Customers (e.g., in the case of subcontracts executed by a prime contractor that support performance of a U.S. Government Contract).

Novate means to substitute, with the consent of all parties to the access contract and with effect on and from a date nominated as the effective date of the novation, an assignee for an assignor as a party to an access contract, with the result that:

Examples of Novate in a sentence

• The Parties will use best efforts to Novate the Contracts in Categories B and D to New SAIC.

• Novate asap but within 18 months for WS related IT Tele- communications 1.

• Leidos and New SAIC shall work cooperatively to Novate the requested Incidental Project Management Agreement(s) to New SAIC.

• Nothing in this Exhibit J requires Clearwire to Novate or Assign additional contracts to Supplier, and nothing in this Exhibit J requires Supplier to agree to that any additional contracts will be Novated or Assigned.

• Contractor Risks in Design, Novate and Construct Contracts, International Journal of Project Management, Vol 2.

• If the Policyholder does not accept such MAC Renewal Offer, such Coinsured Contract, including in connection with any continuation of insurance, conversion and/or portability provisions set forth in the Coinsured Contract, and any renewals thereof with the Ceding Company shall remain subject to Reinsurer’s obligation to assume and Novate each Coinsured Contract as its direct obligation in accordance with the terms herein and of the Assumption Agreement.

• Supplier will use best efforts to Novate the contracts and will keep Clearwire informed as to the progress during this process.

• Termination Option for Canada CAs The parties may choose to not Novate or replace a Canada CA.

• The Data Controller is ChemService S.r.l. Controls and Searches with registered office in Street Fratelli Beltrami 15 - 20026 Novate Milanese (Mi).

• Any request by the Service Provider for permission to Assign or Novate the Contract shall be addressed to the Authorised Officer in writing, 28 days before the event.

More Definitions of Novate

Novate means to reassign the rights and obligations of your lease contract. All your rights and obligations of the contract are taken over by Optus for the term of the lease: other than those which relate to termination or early expiry of the lease, i.e. the residual value. A Novation agreement between you and Optus allows a portion of the running and finance costs to be deducted from your salary pre tax.

Novate or “Novated” means the Parties have agreed to fully transfer the rights and obligations of the entire contract from Clearwire to Supplier. It is understood that until such novation is complete for a specific contract Clearwire is still the legal party to that contract.