ZNG definition

ZNG shall be as defined in the Recitals; "ZNG INTERESTS" shall be as defined in the Recitals; and "ZNG WARRANTIES" means the Warranties given by SEG in relation to ZNG as set out in Section A of Part I of Schedule 3.
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ZNG shall be as defined in the Recitals;
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Examples of ZNG in a sentence

  • The parties shall procure that prior to production and drilling of any oil and gas reserves by ZNG, ZNG shall enter into an operating agreement with BP on terms to be agreed by the Board of the Company (on behalf of ZNG) and BP pursuant to which BP shall be engaged to provide production and drilling and related services to ZNG.

  • ZNG is not a party to any contract entered into otherwise than in the ordinary and usual course of ZNG's business.

  • So far as SEG is aware, no person is infringing any Intellectual Property in which ZNG has a beneficial interest.

  • Notwithstanding the foregoing, on completion of the Work Programme (as such term in defined in the Loan Agreement) to the satisfaction of Lend Co, the parties shall consult with each other whether further amounts should be advanced to ZNG under the Loan Agreement, provided that neither BP nor Lend Co shall be under any obligation to provide such further funding.

  • No bid, tender, proposal, or offer given or made by ZNG on or before the date hereof is capable of giving rise to a contract merely by unilateral act of another person.

  • In particular, BP and SEG shall each enter into agreements for management services with the Company on terms to be agreed by the parties and the parties shall procure that the Company shall enter into an agreement for consultancy services with ZNG and shall register for United Kingdom VAT.

  • SEG undertakes (except only as may be necessary to give effect to this Agreement or except with the prior written consent of BP) that it will not and will procure that ZNG will not do, allow or procure any act or omission before Completion which would constitute a breach of or would be inconsistent with any of the Warranties if given at any time prior to Completion.

  • This guarantee is a continuing guarantee and will extend to the ultimate balance of sums payable by ZNG under the Loan Agreement, regardless of any intermediate payment or discharge in whole or in part.

  • CONFIDENTIAL INFORMATION 11.1 ZNG does not own, use, require to use or infringe any Intellectual Property.

  • If security is required by BP, ZNG shall grant the same as soon as shall reasonably be practicable thereafter.