Waiver of upstream contractual rights Sample Clauses

Waiver of upstream contractual rights. The Buyer unconditionally and irrevocably waives and must procure that each Sale Company waives, any rights, contractual or otherwise, that any Sale Company or the Buyer has or may have arising out of an agreement executed prior to the Completion Date, either now or in the future, in respect of any: Share Sale and Purchase Agreement | 29 (a) Petroleum (as defined in the Oil and Gas Act) produced from any licence area the subject of a licence issued under the Oil and Gas Act (excluding the PPFL), to which any InterOil Group Member or any joint venturer of any InterOil Group Member has any interest; and (b) other rights they may have in respect of the upstream oil and gas business and assets of any InterOil Group Member (other than any such assets subject to clause 8.6).
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Related to Waiver of upstream contractual rights

  • WAIVER OF CONTRACTUAL RIGHT The failure of either party to enforce any provision of this Agreement shall not be construed as a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Agreement.

  • Contractual Rights The right to be indemnified or to receive advancement of Expenses under this Agreement (i) is a contract right based upon good and valuable consideration, pursuant to which Indemnitee may ▇▇▇, (ii) is and is intended to be retroactive and shall be available as to events occurring prior to the date of this Agreement and (iii) shall continue after any rescission or restrictive modification of this Agreement as to events occurring prior thereto.

  • Other Contractual Rights Nothing contained in this Article shall affect any right to indemnification to which Persons other than Trustees and officers of the Trust or any subsidiary thereof may be entitled by contract or otherwise.

  • Contractual Rights to Benefits This Agreement establishes and vests in the Executive a contractual right to the benefits to which he is entitled hereunder. However, nothing herein contained shall require or be deemed to require, or prohibit or be deemed to prohibit, the Company to segregate, earmark, or otherwise set aside any funds or other assets, in trust or otherwise, to provide for any payments to be made or required hereunder.

  • SUBCONTRACTUAL RELATIONS 5.3.1 By written agreement, the Contractor shall require each Subcontractor, to the extent of the Work to be performed by the Subcontractor, to be bound to the Contractor by the terms of the Contract Documents, and to assume toward the Contractor all the obligations and responsibilities