Sponsored Party definition

Sponsored Party means a person who holds a current Sponsorship Certificate validly issued under Part 3 of this Act, that person’s representatives or officers, and any person or persons to whom the Sponsorship Certificate may lawfully have been assigned;

Sponsored Party means a person who holds a current Sponsorship Certificate issued under section 28 of this Decree and includes that person’s representatives or officers, and any person or persons to whom the Sponsorship Certificate may lawfully have been assigned;

Sponsored Party. – means a person who holds a

Examples of Sponsored Party in a sentence

• A Sponsorship Certificate can be renewed by the Authority with the Minister’s consent for successive periods of up to five years each, provided an application for renewal is received from the Sponsored Party by the Authority at least nine months before the expiry date of any initial term.

• The Authority will inform the Sponsored Party of whether the renewal has been granted or refused within three months of the receipt of the application for renewal, and until that decision is communicated the Sponsorship Certificate shall be deemed to continue in force.

• It is revoked by the Authority in accordance with section 97 of this Act,and upon termination all rights granted to the Sponsored Party by Tuvalu shall cease and determine.

• A Sponsored Party shall at all times keep Tuvalu indemnified against all actions, proceedings, costs, charges, claims and demands which may be made or brought by any third party in relation to its Seabed Mineral Activities.

• A decision by an official organ of the ISA to grant to Sponsored Party a contract may be considered by the Authority as evidence in relation to its Sponsorship Certificate decision-making.

• Any obligations which are to be observed and performed by the Sponsored Party shall at any time at which the Sponsored Party is more than one person be joint and several obligations.

• Surrender of sponsorshipA Sponsored Party may at any time surrender a Sponsorship Certificate without penalty by giving to the Authority not less than six months' prior notice in writing to that effect.

• The Sponsored Party shall be responsible for the performance of all Seabed Mineral Activities carried out within the Contract Area, and their compliance with the Rules of the ISA; and will be liable for the actual amount of any compensation or damage or penalties arising out of its failure so to comply, or out of any wrongful acts or omissions and those of its employees, officers, subcontractors, and agents in the conduct of the Seabed Mineral Activities.

• Where an Incident occurs in respect of Seabed Mineral Activities under the Sponsorship of Tuvalu, the Sponsored Party shall inform the ISA and copy all information provided to the ISA to the Authority.

More Definitions of Sponsored Party

Sponsored Party. – means a person who holds a Sponsorship Certificate, and that person’s representatives or officers.

Sponsored Party means the party specified in Item 2 of the Schedule and includes, where appropriate, its employees or agents or other authorised persons. Supplier means the party who gives a taxable supply under this Agreement (where the expression in italics has the meaning given in the GST Act).