OBLIGATION TO ENTER INTO A NEW CONTRACT Clause Samples

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OBLIGATION TO ENTER INTO A NEW CONTRACT. If the Guaranteed Agreement is terminated for any reason, whether by the Beneficiary or the Supplier, or if the Guaranteed Agreement is disclaimed by a liquidator of the Supplier or the obligations of the Supplier are declared to be void or voidable for any reason, then the Guarantor will, at the request of the Beneficiary enter into a contract with the Beneficiary in terms mutatis mutandis the same as the Guaranteed Agreement and the obligations of the Guarantor under such substitute agreement shall be the same as if the Guarantor had been original obligor under the Guaranteed Agreement or under an agreement entered into on the same terms and at the same time as the Guaranteed Agreement with the Beneficiary.
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OBLIGATION TO ENTER INTO A NEW CONTRACT. If the Guaranteed Agreement is terminated for any reason, whether by the Beneficiary or the Supplier, or if the Guaranteed Agreement is disclaimed by a liquidator of the Supplier or the obligations of the Supplier are declared to be void or voidable for any reason, then the Guarantor will (either itself or, with the consent of the Beneficiary which shall not be unreasonably withheld or delayed, and provided that the Guarantor will nonetheless remain fully responsible for the performance of the Guaranteed Obligations, by an Affiliate or other third party), at the request of the Beneficiary enter into a contract with the Beneficiary in terms mutatis mutandis the same as the Guaranteed Agreement and the obligations of the Guarantor under such substitute agreement shall be the same as if the Guarantor had been original obligor under the Guaranteed Agreement or under an agreement entered into on the same terms and at the same time as the Guaranteed Agreement with the Beneficiary.
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OBLIGATION TO ENTER INTO A NEW CONTRACT. If the Call-Off Contract is terminated or if it is disclaimed by a liquidator of the Supplier or the obligations of the Supplier are declared to be void or voidable, the Guarantor will, at the request of the Buyer, enter into a Contract with the Buyer in the same terms as the Call-Off Contract and the obligations of the Guarantor under such substitute agreement will be the same as if the Guarantor had been original obligor under the Call-Off Contract or under an agreement entered into on the same terms and at the same time as the Call-Off Contract with the Buyer. Any demand or notice served by the Buyer on the Guarantor under this Deed of Guarantee will be in writing, addressed to: [Enter Address of the Guarantor in England and Wales] [Enter Email address of the Guarantor representative] For the Attention of [insert details] or such other address in England and Wales as the Guarantor has notified the Buyer in writing as being an address for the receipt of such demands or notices. Any notice or demand served on the Guarantor or the Buyer under this Deed of Guarantee will be deemed to have been served if: ● delivered by hand, at the time of delivery ● posted, at 10am on the second Working Day after it was put into the post ● sent by email, at the time of despatch, if despatched before 5pm on any Working Day, and in any other case at 10am on the next Working Day In proving Service of a notice or demand on the Guarantor or the Buyer, it will be sufficient to prove that delivery was made, or that the envelope containing the notice or demand was properly addressed and posted as a prepaid first class recorded delivery letter, or that the fax message was properly addressed and despatched. Any notice purported to be served on the Buyer under this Deed of Guarantee will only be valid when received in writing by the Buyer. Beneficiary’s protections The Guarantor will not be discharged or released from this Deed of Guarantee by: ● any arrangement made between the Supplier and the Buyer (whether or not such arrangement is made with the assent of the Guarantor) ● any amendment to or termination of the Call-Off Contract ● any forbearance or indulgence as to payment, time, performance or otherwise granted by the Buyer (whether or not such amendment, termination, forbearance or indulgence is made with the assent of the Guarantor) ● the Buyer doing (or omitting to do) anything which, but for this provision, might exonerate the Guarantor This Deed of Guarantee will be a cont...
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OBLIGATION TO ENTER INTO A NEW CONTRACT. If the Call-Off Contract is terminated or if it is disclaimed by a liquidator of the Supplier or the obligations of the Supplier are declared to be void or voidable, the Guarantor will, at the request of the Buyer enter into a Contract with the Buyer in the same terms as the Call-Off Contract and the obligations of the Guarantor under such substitute agreement will be the same as if the Guarantor had been original obligor under the Call-Off Contract or under an agreement entered into on the same terms and at the same time as the Call-Off Contract with the Buyer.
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OBLIGATION TO ENTER INTO A NEW CONTRACT. 3.1 If the Guaranteed Agreement is terminated for any reason, whether by the Beneficiary or the Agency, or if the Guaranteed Agreement is disclaimed by a liquidator of the Agency or the obligations of the Agency are declared to be void for any reason, then the Guarantor will, at the request of the Beneficiary, enter into a contract with the Beneficiary on similar terms to the Guaranteed Agreement. The obligations of the Guarantor under such substitute agreement will be the same as if the Guarantor had been original obligor under the Guaranteed Agreement.
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OBLIGATION TO ENTER INTO A NEW CONTRACT. If the engagement of the Alliance Member under the Guaranteed Provisions and/or under the FAC- 1 Contract is terminated for any reason, whether by the Beneficiary or the Alliance Member, or if the engagement of the Alliance Member under the Guaranteed Provisions is disclaimed by a liquidator of the Alliance Member or the Guaranteed Obligations are declared to be void or voidable for any reason, then the Guarantor will, at the request of the Beneficiary enter into a contract with the Beneficiary in terms mutatis mutandis the same as the Guaranteed Provisions and the obligations of the Guarantor under such substitute agreement shall be the same as if the Guarantor had been original obligor in respect of the Guaranteed Provisions or under an agreement entered into on the same terms and at the same time as the Guaranteed Provisions with the Beneficiary.
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OBLIGATION TO ENTER INTO A NEW CONTRACT. If a Guaranteed Agreement is terminated for any reason (other than termination of a Call-Off Agreement for convenience by a Beneficiary pursuant to Clause 45.1(a)(iii) (Termination by the Customer) of the Standard Terms, or termination of a Call-Off Agreement by the Contractor pursuant to Clause 45.4(a)(i) (Termination by the Contractor) of the Standard Terms), whether by the Beneficiary or the Contractor, or if a Guaranteed Agreement is disclaimed by a liquidator of the Contractor or the obligations of the Contractor are declared to be void or voidable for any reason, then the Guarantor will or will procure that an Affiliate of the Guarantor will, at the request of the Beneficiary enter into a contract with the Beneficiary in terms mutatis mutandis the same as the Guaranteed Agreement and the obligations and liabilities of the Guarantor or such Affiliate (as the case may be) under such substitute agreement shall be the same as if the Guarantor or such Affiliate (as the case may be) had been original obligor under the Guaranteed Agreement or under an agreement entered into on the same terms and at the same time as the Guaranteed Agreement with the Beneficiary. Where such substitute agreement is entered into by an Affiliate of the Guarantor, the Guarantor shall guarantee such Affiliate's performance of such substitute agreement on terms mutatis mutandis the same as the terms of this Deed of Guarantee.
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OBLIGATION TO ENTER INTO A NEW CONTRACT. If a Guaranteed Agreement is terminated due to an Insolvency Event in relation to, or breach by, the Contractor, or if a Guaranteed Agreement is disclaimed by a liquidator of the Contractor or the obligations of the Contractor are declared to be void or voidable for any reason, then the Guarantor will (or will procure that an Affiliate (as such term is defined in the Guaranteed Agreement) reasonably acceptable to the Framework Authority, and which is subject to a guarantee from the Guarantor in terms mutatis mutandis the same as this Deed of Guarantee, shall) at the request of the Beneficiary enter into a contract with the Beneficiary in terms mutatis mutandis the same as that Guaranteed Agreement and the obligations of the Guarantor under such substitute agreement shall be the same as if the Guarantor had been original obligor under the Guaranteed Agreement or under an agreement entered into on the same terms and at the same time as the Guaranteed Agreement with the Beneficiary.
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OBLIGATION TO ENTER INTO A NEW CONTRACT. If the Call Off Contract is terminated for any reason, whether by the Beneficiary or the Consultant, or if the Call Off Contract is disclaimed by a liquidator of the Consultant or the obligations of the Consultant are declared to be void or voidable for any reason, then the Guarantor will, at the request of the Beneficiary enter into a contract with the Beneficiary in terms mutatis mutandis the same as the Call Off Contract and the obligations of the Guarantor under such substitute agreement shall be the same as if the Guarantor had been original obligor under the Call Off Contract or under an agreement entered into on the same terms and at the same time as the Call Off Contract with the Beneficiary.
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Related to OBLIGATION TO ENTER INTO A NEW CONTRACT

  • Amendment of Contract This agreement contains the whole of the agreement between the Company and the Consultant and there are no other warranties, representations, conditions or collateral agreements except as set forth in this agreement. Any modification to this agreement must be in writing and signed by the parties hereto or it shall have no effect and shall be void.

  • Authority to Enter into Agreement Each Party represents and warrants that it has the right, power, and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms.

  • Extension of Contract The Director of Procurement Services may, with the consent of the contractor extend the Contract period beyond the indicated expiration date.

  • Assignment of Contract A. No assignment by a party hereto of any rights under or interests in the Contract will be binding on another party hereto without the written consent of the party sought to be bound; and, specifically but without limitation, moneys that may become due and moneys that are due may not be assigned without such consent (except to the extent that the effect of this restriction may be limited by law), and unless specifically stated to the contrary in any written consent to an assignment, no assignment will release or discharge the assignor from any duty or responsibility under the Contract Documents.