VGV definition
Examples of VGV in a sentence
VGV, hereby indemnifies and holds harmless Shield and each of its members, managers officers, employees and agents from and against any and all losses, liabilities, claims, causes of action, suits, expenses (including but not limited to attorney's fees and expenses), costs (including costs of investigation), interest, fines ad penalties incurred by Shield as a result or by virtue of any breach of any representation, warranty or covenant made by each of VGV herein.
Council officers will also commission an updated valuation in early 2020 for comparison to the valuation provided by the VGV.
In addition to and notwithstanding any right to indemnification hereunder, if VGV shall fail to cure the breach or default prior to the expiration of the Cure Perod, VGV shall be liable to make payment of the Payment Amount to Shield within thirty (30) days of receipt of the co mputation of the Payment Amount provided for by Section 6 hereof.
DHHS will also have the VGV undertake a current rental valuation prior to finalising any new lease agreement.
Both Shield and VGV, and each of their respective affiliates, shareholders, members, directors, officers, employees and agents) agrees to hold the Confidential Information in the strictest confidence, both during and after the termination of this Agreement.
As compensation for the services provided by Shield under this Agreement, VGV shall compensate Shield compensation which is standard in the industry for said placement of insurance for and on behalf of VGV.
DHHS has previously advised the VGV would undertake a current rental value of the site prior to entering into any new lease agreement.
The parties hereto shall be entitled to assign any of its rights and obligations hereunder, (i) in the case of Shield, only with the prior written consent of VGV.
Right to purchase: VGV further agrees that Shield shall have the right to purchase 100% of all VGV, at the fair market value of VGV, at any time during three year period following the execution of this Agreement.
The commencing rent for DHHS under the current lease agreement was determined by a valuation undertaken by the Valuer-General Victoria (VGV).