NZR definition
Examples of NZR in a sentence
If a player is a front row player and is under 19 years of age as at the first match of the competition, they are being selected for, then that player must obtain prior written approval (using the approval form provided by NZR) from the Provincial Union before they can participate in a senior women’s rugby match.
If a player is a non-front row player and is under 18 years of age as at the first match of the competition they are being selected for, then that player must obtain written approval (using the approval form provided by NZR) from the Provincial Union before they can participate in a senior women’s rugby match.
The player, a parent/guardian, a secondary school rugby coach (if applicable), the player’s medical practitioner and the Provincial Union must sign an approval form (provided by NZR) before a player can participate in a senior women’s rugby match.
Each of China VC and Covenantors further warrants and undertakes that the business and affairs of NZR shall be managed and controlled by its board of directors which shall not consist of more than five (5) members, of whom four (4) shall be nominated by PIHK and the remaining one (1) shall be nominated by China VC, unless otherwise agreed between China VC and PIHK.
Each member of the NZR Group Companies has not lent any money to any parties which has not been repaid to it or owns the benefit of any debt (whether present or future) other than debts accrued to it in the ordinary course of its business.
The NZR Group Companies have not granted any power of attorney or similar authority which remains in force as at the date of this Agreement.
NZR Group Companies are the respective legal and beneficial owner of assets as set out in the NZR Accounts free from all Encumbrances.
As soon as (1) the EJV shall have sufficient cash on hand for its business operation as determined by the Board from time to time; and (2) there shall not be any unsettled loan owed by the EJV as referred to in Section 8.2(3), the Board shall based on the Board’s resolution declare and pay dividends of certain percentage of the EJV’s distributable profits to PIHK and NZR proportional to their respective equity holding in the EJV.
The business and affairs of NZR shall be managed and controlled by the board of directors of NZR.
Without prejudice to any other rights or remedies which PIHK may have under this Agreement or otherwise, each of China VC, NZR and the Covenantors hereby agrees to indemnify and keep indemnified PIHK in full from and against all liabilities, losses, damages, claims which PIHK may suffer through or arising from any breach of any of the China VC, NZR and Covenantors Warranties.