Any tripartite agreement (« TPA ») is an agreement between the parties to the contract mentioned below and a member of a dispute resolution commission. The identical TPA is used for all DB members. In consideration for the acquired RFA shares and original Class B shares, TNF issued a debt loan (the « Bond ») on December 24, 2019, as amended, to RFA, in which it promised payment of the principal amount of USD 8,000,000. This « skeleton » agreement is an indicative model for routine planning obligations. It is not the intention to be definitive. Modifications may be necessary to address site-specific issues or other legal or practical developments. PandaTip: Quite simply, a tripartite agreement is an agreement between three parties. You could have a tripartite confidentiality agreement, a tripartite non-compete 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 freedom and developed a model for this type of tripartite agreement here.
In this tripartite agreement, the bank is the guarantor of the contractor and assumes certain obligations regarding the transaction between the contractor and the customer. We have no doubt that this tripartite agreement needs some additional adjustments for your specific purpose, as there are endless possibilities. Be sure to have the assistance of your legal advisor. This agreement did that……. Day of ………. 2018 between the employer, i.e. DAKSHIN HARYANA BIJLI VITRAN NIGAM (hereinafter « owner or DHBVN whose expression includes its directors, company under the Companies Act, 1956) on the one hand, and the tendering partner/channel M/S ………….. If the contracts are not renewed or terminated, this tripartite agreement between the customer, the contractor and the bank is automatically terminated after notification of written notice to the bank, without prejudice to Covenants 6, 7 and 8.
This Tripartite Agreement shall terminate automatically upon expiry of the term indicated in (6) above. . . . .