Examples of Novation Agreements in a sentence
The Depositor hereby directs the Trustee to enter into and execute the Novation Agreements and the Hedge Agreements on the Closing Date on behalf of the Supplemental Interest Trust.
Each of the builders under the Novation Agreements is a wholly-owned subsidiary of CSSC Group, which is an indirect controlling shareholder of the Company holding approximately 74.99% of the issued share capital of the Company, and therefore is a connected person (as defined in the Listing Rules) of the Company.
The guarantees cover all milestone payments under the Novation Agreements between the subsidiaries and New Times Shipbuilding Co., Ltd.
COSCO SHIPPING and its associates and those who are interested in the Assignment and Novation Agreements and the transactions contemplated thereunder will be required to abstain from voting on the resolution in relation to the Assignment and Novation Agreements and the transactions contemplated thereunder.
In this connection, an Independent Financial Adviser will be appointed by the Company with the approval of the Independent Board Committee to advise the Independent Board Committee and the Independent Shareholders in respect of the Assignment and Novation Agreements and the Shipbuilding Contracts and the transactions contemplated thereunder.