Nominated Entity definition
Examples of Nominated Entity in a sentence
On Closing, Seller 1 and the Purchaser or a Nominated Entity shall enter into an agreement regarding the transfer to, and assumption by, the Purchaser or a Nominated Entity of the SWE Executives Services Agreements, the SWE Executives Liabilities and the SWE Executives Filial Agreements, in each case with debt discharging effect for Seller 1 from and with effect from the Closing Date, in the form as set forth in Annex 4.2 (the “SWE Executives Transfer Agreement”).
The Purchaser shall (or shall procure that the Nominated Entity shall) accept such sale and assignment of the P7S1 Receivables on Closing.
If the relevant understated or omitted P7S1 Receivable was interest-bearing, then, in addition, the Receivables Excess Amount shall be increased (or the Payables Excess Amount reduced) by the interest accrued on the relevant amount of the understatement or omission as from the Locked-box Date until (but excluding) the Closing Date and such difference amount shall be paid by the Purchaser or the Nominated Entity to P7S1.
The parties acknowledge that the Nominated Entity will be responsible for administering the obligations in accordance with this Clause 13 on behalf of the State.
The Purchaser Guarantor hereby waives any rights which it may have to require the Sellers to first proceed against or claim payment, if any, from Purchaser and/or any Nominated Entity to the effect that the Purchaser, any Nominated Entity and the Purchaser Guarantor shall be liable jointly and severally under this Section 17.
Furthermore, in the event of an omission, the Parties shall procure that the relevant P7S1 Receivable will be assigned to the Purchaser or the Nominated Entity for nil consideration without delay.
The Company may assign this SAFT at any time, without notice, to a Nominated Entity.
The performance by the Nominated Entity of the obligations of the Company under this SAFT will duly discharge the Company from the obligations to the Purchaser.
The performance by the Nominated Entity of the obligations of the Company under this agreement will duly discharge the obligations of the Company to the Purchaser.
SIGNED NAME DATE Nominated Entity Form Section 10 Nominated Entity Form INVESTEC CONTACT: EXISTING REFERENCE NO.: Entity Details REGISTERED ADDRESS POSTCODE COUNTRY OF INCORPORATION DATE OF INCORPORATION ACTIVITIES PRIMARY CONTACT LEGAL ENTITY IDENTIFIER (LEI)* LEI EXPIRY DATE *If the entity does not currently have a Legal Entity Identifier (LEI), we will be unable to allow dealing authority to be granted.