What Is A Local Country Agreement

(ii) In parallel with the implementation of an agreement on a local country, this global Master Services Agreement, amended and reinstated, is agreed by the parties, including, but not limited to, changing the timetables in force at the time and adding appropriate timetables applicable to a given land agreement. These additional schedules are to be designated in the following format: Schedule X.X (x) (LCA[country name]) or Schedule X (LCA-[Country Name]). Each party has the possibility, but not the obligation, to terminate the agreement in its entirety without paying a termination fee if the other party (i) becomes insolvent or is unable to repay its debts when it matures, (ii) files a voluntary bankruptcy application or seeks a restructuring or concludes a plan or other agreement with creditors; (iii) presents a response or other plea, or the essential assertions of an involuntary petition filed against it on the basis of a Congressional record of bankruptcy, agreement or reorganization (iv) as liquidator or transfer in favour of its creditors in general, (v) seeks approval or acceptance when appointing a bankruptcy administrator or agent for all or substantial portion of its assets. , or vi) such a beneficiary or agent is appointed and cannot be dismissed within thirty (30) days from the date of that appointment. EDS has the ability, but not the obligation to hire an EDS provider, and Coors has the option, but not the obligation, to compel a Coors beneficiary to fully terminate its existing contract for the local country without paying a termination fee if the other party to such a Local Country Agreement (i) becomes insolvent or is unable to meet its debts if they are outstanding. (ii) file a voluntary bankruptcy application or seek restructuring, or enter into a plan or other agreement with creditors, or make a liquidation decision, or when a competent court orders the liquidation or dissolution of the other party to a local country agreement, (iii) presents a response or other plea in which , or the essential assertions of an involuntary petition , which is filed against it because of an act of Congress or local law concerning bankruptcy, insolvency, agreement or reorganization, (iv) to be tried as a liquidator or to proceed with an assignment in favour of its creditors in general, (v) requests the designation of a beneficiary, accepts or approves. , the beneficiary or agent is designated for all or part of his assets or (vi) such a beneficiary, director or administrative beneficiary and cannot be dismissed within thirty (30) days of the date of this appointment.

This entry was posted in Geen categorie. Bookmark the permalink.