AGCO Corporation | |
By: | /s/ Andrew H. Beck |
Andrew H. Beck Senior Vice President and Chief Financial Officer |
a) | This Letter Agreement shall be deemed to have come into effect on 1st March 2015 and shall be valid for a period of 5 years (this is upto Feb. 2020) unless terminated by either party giving 2 years (two years) prior written notice of termination to the other party except in circumstances mentioned in Clause 8 (b) below. Thereafter this Letter Agreement may be renewed by mutual consent for a further period of five years. |
b) | This Agreement may be terminated at TAFE’s sole discretion by the issue of three months’ notice in writing, in the event of AGCO issuing to TAFE 60 days’ notice also in writing of its intention to source the MF Heritage Products from its own manufacturing locations, as stated in Clause 3 above. |
c) | In the event of change in beneficial ownership or control of AGCO or TAFE, the respective other party shall have the option to terminate this Letter Agreement by giving six months’ written notice. |
M/s. Tractors and Farm Equipment Limited | M/s. AGCO International GmbH |
By:/s/ Mallika Srinivasan | By: /s/ Frédéric Devienne |
Vice President Finance, EME &APA | |
Its Authorised signatory | Its Authorised signatory |
Date: 14th July 2017 | Date: 19th July 2017, Neuhausen |
Chennai | |
By:/s/ R.N. Batkin | |
Its Authorised signatory | |
Date: 24th July 2017 |
/s/ Mallika Srinivasan | /s/ Frédéric Devienne |
Ms/. Tractors and Farm Equipment Limited | Vice President Finance, EME &APA |
M/s. AGCO International GmbH | |
/s/ R.N. Batkin | |
24 July 2017 |
a) | This agreement shall be deemed to have come into effect on 29th Oct.2014 and shall be valid for a period of 5 years (this is upto Oct. 2019) unless terminated by either party giving 2 years (two years) prior written notice of termination to the other party except in circumstances mentioned in clause 8 (b) below. Thereafter this Letter Agreement may be renewed by mutual consent for a further period of five years. |
c) | In the event of change in beneficial ownership or control of AGCO or TAFE, the respective other party shall have the option to terminate this Letter Agreement by giving six months written notice. |
M/s. Tractors and Farm Equipment Limited | M/s. AGCO International GmbH |
By:/s/ Mallika Srinivasan | By: /s/ Frédéric Devienne |
Vice President Finance, EME &APA | |
Its Authorised signatory | Its Authorised signatory |
Date: 14th July 2017 | Date: |
Chennai | |
By:/s/ R.N. Batkin | |
Its Authorised signatory | |
Date: 24 July 2017 |
a) | This agreement shall be deemed to have come into effect on 1st March 2015 and shall be valid for a period of 5 years (this is upto Feb.2020) unless terminated by either party giving 2 years (two years) prior written notice of termination to the other party except in circumstances mentioned in clause 8 (b) below. Thereafter this Letter Agreement may be renewed by mutual consent for a further period of five years. |
b) | This Letter Agreement may be terminated at TAFE’s sole discretion by the issue of three months’ notice in writing, in the event of AGCO issuing to TAFE 60 days’ notice also in writing of its intention to source the MF Heritage Products from its own manufacturing locations as stated in Clause 3 above. |
c) | In the event of change in beneficial ownership or control of AGCO or TAFE, the respective other party shall have the option to terminate this Letter Agreement by giving six months written notice. |
M/s. Tractors and Farm Equipment Limited | M/s. AGCO International GmbH |
By:/s/ Mallika Srinivasan | By: /s/ Frédéric Devienne |
Vice President Finance, EME &APA | |
Its Authorised signatory | Its Authorised signatory |
Date: 14th July 2017 | Date: 19th July 2017, Neuhausen |
Chennai | |
By:/s/ R.N. Batkin | |
Its Authorised signatory | |
Date: 24th July 2017 |
a. | The second paragraph of Clause 1 commencing “In the first phase” to “upon signing this agreement”, |
b. | in the third paragraph of Clause 1, all words other than “TAFE will continue its existing operations in other territories of Africa”; |
c. | Clauses 6.b and 6.c; |
d. | Clause 7.c; |
M/s. Tractors and Farm Equipment Limited | M/s. AGCO International GmbH |
By:/s/ Mallika Srinivasan | By: /s/ Frédéric Devienne |
Vice President Finance, EME &APA | |
Its Authorised signatory | Its Authorised signatory |
Place: Chennai | Place: Neuhausen |
Date: 14th July 2017 | Date: 19th July 2017 |
/s/ R.N. Batkin | |
24th July 2017 | |