Total Transaction. (a) Parent shall keep the Company informed reasonably promptly and in reasonable detail of the status of the Total Transaction and provide copies of all executed documents provided to or received from Total or any of its representatives in connection with the Total Transaction to the Company (including true and complete copies of all amendments, modifications, side letters and supplements to the MOU or the Definitive Total Documentation) as promptly as practicable. (b) Each Party acknowledges and agrees that the completion of the Total Transaction, or any alternative or similar transaction, is not a condition to the completion of the Arrangement. (c) Parent will not agree to, and will not agree that SPI (208) Limited (as defined in the CVR Agreement) will agree to, SPI (208) Limited (i) assigning, transferring, waiving or limiting its rights under the Total Sale Agreement (as defined in the CVR Agreement); (ii) amending the Total Sale Agreement in any way that affects the timing of the completion of the Interim Resource Certification (as defined in the CVR Agreement) or the determination of the PRL 15 2C Resources (as defined in the CVR Agreement); or (iii) terminating the Total Sale Agreement, in each case whether directly or indirectly, by amendment or side agreement, arrangement, or understanding.
Appears in 2 contracts
Sources: Arrangement Agreement (Interoil Corp), Arrangement Agreement (Interoil Corp)