Examples of State Entity in a sentence
The privatisation, insolvency, liquidation, reorganisation or any change in the viability, ownership, organisational structure or legal existence of any State Authority or State Entity party to any Project Agreement shall not affect the obligations of the Host Government hereunder.
Each State shall fully support the implementation and execution of the Project Activities contemplated by this Agreement and shall ensure that its State Authority and/or State Entity take all actions necessary for such implementation and execution.
The Host Government shall, throughout the entire term of the above-mentioned Project Agreement to which any State Authority or State Entity is a party, ensure that the obligations of that State Authority or State Entity under the Project Agreement are always vested in and undertaken by an Entity authorised to perform and capable of performing such obligations, failing which, the Host Government itself shall perform directly all such obligations of such State Authority or State Entity.
The Project Investors shall have no liability under paragraph 1 if, and to the extent, the Loss or Damage is caused by, or arises from, any breach by the Host Government or any State Authority and/or State Entity of any duty or obligation arising under this Agreement or any Project Agreement.
The Project Investors' liability to any third party (other than the Host Government or the State Authority and/or any State Entity) for Loss or Damage suffered by such third party as a result of the Project Investors' conduct of any Project Activities shall be as provided in the applicable laws and/or under the terms of any application agreement.