Tripartite Agreement Sample Format
What is a tripartite agreement? A tripartite agreement is essentially just a document outlining the details of an agreement between three separate parties, for example. B in the case of a transaction between two parties in which a bank is guarantor of one of the parties. The bank agrees not to reach an agreement with another party on the implementation of the main responsibility for this tripartite agreement without the prior written approval of the CLIENT. CONSIDERANT that XRF and TNF entered into a share purchase agreement as of December 24; 2019 (the « original SPA ») under XRF 37.985.203 Class A common shares at a purchase price of $0.193 per share (the « XRF shares purchased ») and 3. 465,574 Class B common shares at a purchase price of $0.193 per share (the « original Class B shares ») were issued and sold at a total purchase price of $8,000,000. In return for the acquired XRF shares and the original Class B shares, TNF issued a priority secured debt (the « Note ») dated December 24, 2019 in the amended version of XRF and promised to pay the principal amount of $8,000,000. Notwithstanding agreements 6, 7 and 8, this tripartite agreement between THE CLIENT, the contractor and the bank is automatically terminated by the transmission of a written notification to the Bank if the contracts are not renewed or terminated. This tripartite contract automatically ends at the end of the deadline (6). In accordance with the rules relating to the execution of discretionary investment transactions by Securities Investment Trusts and Securities Investment Consulting Enterprises and other relevant laws and regulations, Part A authorizes Part B to make discretionary investments in securities and places private equity in the retention of Part C, issues relating to account opening, retention of funds and securities , settlement of transactions, account management and exercise of equity rights.
The parties to this agreement agree that this « skeleton » agreement is an indicative model of routine planning obligations. It is not intentional to be definitive. Changes may be necessary to address local-specific issues or to take into account other legal or practical developments. Tuwharetoa Maori Trust Board (TMTB) Taupo District Council Infrastructure (TDC) The Proprietors of Hauhungaroa No.6 (The Incorporation) That the following aspirations are recognized by the other parties and enshrined in a legal agreement, To allow access to the proposed development at Whareroa North, continue to support the proposed residential construction in Whareroa North to maintain the « legal title » of the creek bed – Expect the terms of the deed (signed between the Crown and the TMTB on 10th – To understand and approve The project, the location and the ferry of the bridge and related services – To understand and be satisfied that the environmental risks associated with a road bridge and supply services have been properly addressed and mitigated across the country – TDC to occupy the land without payment (but to allow a peppercorn rent if, for each tripartite agreement (« TPA ») , an agreement is reached between and between the parties to the contract below and a member of a dispute resolution commission. The identical TPA is used for all DB members. PandaTip: Simply put, a tripartite agreement is an agreement between three parties. You could have a tripartite confidentiality agreement, a tripartite non-competition agreement – you call it. However, tripartite agreements are most common when banks are involved in a transaction. That is why we have taken a little free hand and created here a model for such a tripartite agreement.