Signing Protocol definition
Examples of Signing Protocol in a sentence
Furthermore, no single agreement pursuant to which the Target Group occupies and uses more than 450 Mast Sites is capable of termination for convenience by the landlord or licensor within 36 months of the date of the Signing Protocol, which would materially compromise the right of the members of the Vodafone Target Group to use the Mast Sites.
In particular, each Seller shall procure that no member of its Target Group will undertake, and each Seller warrants that no member of its Target Group has undertaken since the date of the Signing Protocol, any of the acts or matters listed in Schedule 5 (Conduct of business before Completion) without the prior written consent of the other Seller identified as being for the purposes of this sub-clause 5.1 (such consent not to be unreasonably withheld or delayed).
Furthermore, no single agreement pursuant to which the Target Group is granted rights to use the Liberty Global Cable Network is capable of termination for convenience by the grantor of those rights within 36 months of the date of the Signing Protocol, which would materially compromise the right of the members of the Liberty Global Target Group to use the Liberty Global Cable Network.
The restructuring provisions at Completion shall be reduced by an amount equal to €27 million less “Spend” (where “Spend” is the value of any restructuring costs paid out between the date of the Signing Protocol and Completion up to a maximum of €27 million).
If the Parties cannot agree in good faith on any such alterations before the Long Stop Date, clause 2.2 of the Signing Protocol shall apply.
Since execution of the CTA, the Parties hereby acknowledge that each of the Sellers has, after the date of the Signing Protocol, incorporated, directly or indirectly, new Subsidiaries, details of which are contained at Schedule 2 of this Agreement.
The agreed form of the notification required to satisfy the Condition set forth in clause 1.1(b) of this Signing Protocol is attached as Exhibit 1 hereto.
The Parties hereby agree that the changes made to the CTA pursuant to clause 2.1 of this Agreement shall not (i) have any effect on the Fiscal Unity Warranty as given at the date of the Signing Protocol; and (ii) for the avoidance of doubt, imply any repetition of the Fiscal Unity Warranty or any other Warranty (other than any Warranty which is expressly repeated under the terms of the CTA) based on the facts existing at the date of this Agreement or at completion.
Attached to this Signing Protocol as Annex 4 is the index of the Data Room.
The Parties acknowledge that the provisions in the Draft MPA regarding the transfer of the Premium Juice Business have not been fully finalised, as the PJ Transfer Date Accounts and the ▇▇ ▇▇▇▇ Flow Statement are not yet available as per the moment of signing of this Signing Protocol.