IT IS HEREBY AGREED THAT Clause Samples
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IT IS HEREBY AGREED THAT. The Company as of the date hereof hereby assigns all its rights and benefits and transfers and novates all its obligations and responsibilities pursuant to the Drillship Master Agreement to the New Issuer in consideration of the aggregate amount of USD 99,024,000, the non-refundable prepayments in respect of the four option drillships, and the New Issuer hereby agrees to and P/4 Optional Drillships/ Novation Agreement accepts such assignment of rights and benefits and assumption of all obligations and responsibilities pursuant to the Drillship Master Agreement and the Company shall be released from any of its obligations and liabilities under the Drillship Master Agreement.
IT IS HEREBY AGREED THAT. In consideration of the payment to the Licensor of the Licence Fee the Licensor shall grant licence to the Licensee (but no other person) to store goods in the Self Storage Unit (which includes the container, lock and fitment and any other equipment loaned or hired to the Licensee by the Licensor) (“the Unit”) situate on the self store depot at Wharfside Container Park, Irlam ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇ (“the Site”) for the purpose of storage of goods and/or chattels.
IT IS HEREBY AGREED THAT. At the request of Party A, the Parties agree to renew the term of the Original Business Operation Agreement for ten (10) years (“Renewal Term”). Prior to the expiry of the Renewal Term agreed herein, unless Party A requests in writing to terminate the Original Business Operation Agreement, the term of the Original Business Operation Agreement will automatically renew for ten (10) years without limitation on the number of times of renewal.
IT IS HEREBY AGREED THAT. Upon HHYC’s acceptance of a request by the Hirer submitted by way of a J80 Booking Form, HHYC shall let the J80 on bareboat charter to the Hirer for the duration of the Hire Period.
IT IS HEREBY AGREED THAT. (1) Notwithstanding and without prejudice to any other remedies and powers herein contained or otherwise available to the Lessor if the rents the Principal Charge and the Supplementary Charge or any other payments hereby reserved or any part thereof shall be unpaid for fourteen days after becoming payable (whether formally demanded or not) or if any covenant on the Lessee's part herein contained shall not be performed or observed or if there shall be an event of corporate insolvency when the Lessee for the time being hereunder or the Surety thereof (if any) is a company or if there shall be an event of personal insolvency when the Lessee for the time being hereunder is an Individual or being more than one individual an event of personal insolvency in respect of any one of them or the Surety of any-one of them (if any) or if the Lessee or if there shall be more than one any one of them shall enter into any composition with his or their creditors or suffer any distress or execution to be levied on his or their goods then and in any such case it shall be lawful for the Lessor at any time thereafter to re--enter upon the demised premises or any part thereof in the name of the whole and thereupon this demise shall absolutely determine but without prejudice
IT IS HEREBY AGREED THAT. The Appointment
IT IS HEREBY AGREED THAT. In pursuance of this agreement and in consideration of the sum of ............................ per guard per month to be paid per each month, the Contractor shall provide security services of variable number of security guards to the Employer for ................................ within ..................................
IT IS HEREBY AGREED THAT. At the request of Party A, the Parties agree to renew the term of the Original Equity Interests Disposal Agreement for ten (10) years (“Renewal Term”). Prior to the expiry of the Renewal Term agreed herein, unless Party A requests in writing to terminate the Original Equity Interests Disposal Agreement, the term of the Original Equity Interests Disposal Agreement will automatically renew for ten (10) years without limitation on the number of times of renewal.