Examples of Exiting Party in a sentence
Each Current Party [(and each Exiting Party in relation to whom clause 10 continues to apply by virtue of clause 10.2)] submits to the non-exclusive jurisdiction of the English courts and agrees that the Agreement is to be governed and construed according to English law.
Each Current Party [(and each Exiting Party in relation to whom clause 10 continues to apply by virtue of clause 10.2)] warrants to the other that it has not relied on any representation or agreement (whether written or oral) not expressly set out or referred to in the Agreement.
The Current Parties [(and each Exiting Party in relation to whom clause 10 continues to apply by virtue of clause 10.2)] intend for the dispute resolution procedures set out in the Primary Care Network Agreement to apply to this Agreement.
In the event that this Agreement expires, is terminated (whether in full or in part) or a Party leaves the Collaborative (the "Exiting Party"), the Parties agree to co- operate to ensure an orderly wind down of their joint activities as set out in this Agreement.
Notwithstanding anything in Section 3(a) to the contrary, the “Released Claims” expressly exclude, and the provisions of Section 3(a) shall in no event release, waive or otherwise diminish, the obligations, liabilities and rights of any Party under this Agreement or under any other Contract entered into on or after the date of this Agreement to which a Released Exiting Party or a Released Continuing Party, as applicable, is a party (whether in connection with the Transactions or otherwise).
Prior to the Actual Leaving Date (in the case of each Voluntary Exit Party), and prior to or (at the latest) on the Expulsion Date (in the case of each Expelled Party), the Remaining Parties and the relevant Exiting Party shall determine a detailed plan of prerequisites and actions or omissions that must be effected by the Remaining Parties and such Exiting Party.
On 28 October 2009, SI has required the non-proportional de-merger of Telco S.p.A. (“Telco”), pursuant to Article 11(b) of the Shareholders Agreement, thereby becoming an Exiting Party in relation thereto.
The break-up fee paid by the Exiting Party is meant to compensate the other for the cost of the time and resources expended in negotiating the original agreement and also for the loss of opportunity.
CHAPTER 11 BREAK-UP FEES PAYABLE BY THE TARGET COMPANY Break-up fee is a fee that requires a party (the "Exiting Party") to pay the other if the Exiting Party backs out of a deal.
The Exiting Party wishes to transfer, by way of novation, its rights and obligations under the Contract to the Incoming Party and to be released and discharged from its obligations and liabilities under the Original Contract, in accordance with the terms of this Deed.