SCBL definition
Examples of SCBL in a sentence
The Equity Investors Group is comprised of ▇▇▇▇▇▇▇▇▇ HHBH, ▇▇▇▇▇▇▇▇▇ HHBG and SCBL.
The Parties agree that each shall bear its own costs and expenses in connection with the drafting, preparation and implementation of this Agreement provided that all taxes payable by SCBL arising from the payments received under Clauses 6.1 and 6.2 of this Agreement shall be borne by SCBL.
ANST hereby agrees that SCBL shall be entitled in its discretion to perform its obligations hereunder through one or more of its Related Corporations and such performance shall constitute full discharge by SCBL of such obligations Provided always that SCBL shall remain liable to ANST for the performance of any obligations of SCBL under this Agreement.
Each of CRL and ANST jointly and severally covenants with and undertakes to SCBL that it shall not, and shall procure that each of CRL’s subsidiaries shall not, without the prior written consent of SCBL, at any time induce or attempt to induce any person who is at the time of this Agreement or who later becomes an employee of SCL or any of its Related Corporations in their businesses to terminate his or her employment with SCL or its Related Corporations (as the case may be).
CRL shall not be exonerated or discharged from liability under this guarantee by time being given to ANST by SCBL or by any other indulgence or concession to any person granted by SCBL and time given to ANST by SCBL or any other indulgence or concession granted by SCBL to any person shall not be construed as a waiver of any of the rights of SCBL under this Agreement.
The opinion of SCBL’s independent external auditors shall be final, conclusive and binding on CRL and SCBL.
If such disputed amount is resolved by agreement between ANST and SCBL, or by an order of court or an arbitral award, in ANST’s favour, SCBL shall repay to ANST such amount agreed between ANST and SCBL or, as the case may be, set out in the order of court or arbitral award.
SCBL has agreed to enter into this manufacturer’s representative agreement pursuant to which SCBL shall perform the Services (as defined below) for the benefit of ANST for the consideration and upon the terms and conditions set out in this Agreement.
The SCL Undertaking is a continuing undertaking and shall remain in full force and effect until all the obligations of SCBL under Clause 4.1 shall have been performed in full or discharged.
ANST hereby appoints SCBL as its non-exclusive manufacturer’s representative to provide the Services subject to the terms and conditions of this Agreement and SCBL hereby accepts such appointment.