Examples of Shell Contract in a sentence
Within 7 Business Days of the date of this Assignment, in connection with the Shell Contract, and promptly upon its entry into any new Drilling Contract, the Assignor shall give notice, substantially in the form attached hereto as Exhibit 1, of this Assignment to the counterparty to such contract, as applicable.
The Assignor hereby covenants and undertakes that, notwithstanding the assignment herein contained, it shall punctually perform all its material obligations under the Shell Contract or any other Drilling Contract to which it is a party.
Tenant shall deliver to Landlord or the Beneficiary either an amendment to the Letter of Credit, or a replacement Letter of Credit, in the increased TI Required Amount within ten (10) days after Tenant enters into the last of the Warm Shell Contract and the Tenant Improvement Contract.
All Warm Shell Improvements shall be constructed by Devcon Construction pursuant to the Warm Shell Contract, and all Tenant Improvements shall be constructed by the Tenant Improvement Contractor pursuant to the Tenant Improvement Contract, and Tenant shall be responsible for project management with respect to construction of the Warm Shell Improvements and the Tenant Improvements.
No litigation by any entity (private or governmental) shall be pending or threatened as of any Draw Down Date with respect to the Transaction, the Shell Contract or other transactions contemplated by this Agreement or any documentation executed in connection therewith, or which the Purchasers shall determine could reasonably be expected to have a materially adverse effect on the financial condition, business, operations or prospects of the Company.
The proceeds of the Securities shall be used for working capital and to complete the Company’s obligations under the Shell Contract.
Either the Company or Shell Exploration & Production Co. shall have ceased performing its respective obligations in accordance with the terms of the Shell Contract for a period of thirty (30) days.
The Shell Contract is to provide HVAC systems through and including the terminal boxes, with interior distribution and control elements to be handled in individual Tenant Finish-out Contracts.
Simultaneously with Tenant's execution of the Tenant Improvement Contract and the Warm Shell Contract, Tenant shall enter into, and shall cause each of the Warm Shell Contractor and the Tenant Improvement Contractor to enter into, an agreement with Landlord and Tenant, in form and substance reasonably satisfactory to Landlord (the "Three Party Agreement").
In addition, the Company shall have completed the Initial Test Drilling under the Shell Contract prior to the Second Draw Down and the Second Test Drilling under the Shell Contract prior to the Final Draw Down, and each of such tests shall have met the standards for success set forth in Section II of such contract.