Pool Agent definition
Examples of Pool Agent in a sentence
The Parties will then negotiate in good faith an arrangement for the sharing of expenses and income related to the other Blood Pool Agent, unless the Party receiving the notice does not desire to enter into such arrangement, in which case the Party acquiring the Other Blood Pool Agent shall be free to proceed on its own.
In such case, if the Party acquiring the Other Blood Pool Agent desires to develop and market such Other Blood Pool Agent, such Party shall provide prompt notice thereof to the other.
The Executive Committee shall ensure that the Initial Settlement and Reconciliation Agent and (if the Executive Committee considers it appropriate) any other Pool Agent is advised as soon as is reasonably practicable after a notification given by the Settlement System Administrator pursuant to Clause 61.5.4(a) is received by the Chief Executive, the Pool Chairman or the Secretary.
The Parties contemplate that during the term of this Agreement either Party may acquire or in-license Blood Pool Magnetic Resonance Contrast Agents in addition to the Second Generation Agent, the SHU 555C Agent and the Gadomer-17 Agent (hereinafter an "Other Blood Pool Agent").
The Shareholders and MRASCO acknowledge and agree that, unless and until the Shareholders, the Pool Agent and SESL unanimously agree otherwise in writing, the business of MRASCO shall be confined to the Business.
If a Pool Agent becomes a Party it shall continue to be bound by its obligations of confidence in its terms of engagement referred to in Clause 70.1 unless the Pool Agent and the Executive Committee agree that the provisions of Clause 69 shall apply to it instead.
The Executive Committee shall have the right, after consultation with the Grid Operator, to notify the Pool Agents (or any of them) of any matter arising from any such report or recommendation of the said auditor, giving reasonable details thereof, which the Executive Committee believes is or would be of concern to the Pool Agents (or the relevant one of them) in the performance of their or its obligations under their respective Pool Agent Contracts.
Expenditure by MRASCO shall be authorised by MEC, submitted to the Secretariat for payment, and reimbursed by the parties (other than the Pool Agent and SESL) in accordance with the provisions of Clause 8 of this Agreement and, for the avoidance of doubt, neither the Pool Agent nor SESL shall be required to reimburse MRASCO in respect of any such expenditure.
On the MRASCO Completion Date each of the parties (other than the Pool Agent and SESL), the Shareholders and MRASCO shall perform its obligations set out in, and comply with the provisions of, Annex 1 to this Schedule and procure that the subscribers and the first directors of MRASCO shall comply with the provisions of the same Annex 1.
The Executive Committee shall require the Pool Auditor and the auditor carrying out the Scheduling and Despatch Review to disclose to the Executive Committee the existence and nature of all audit assignments with any Party or Pool Agent.