Examples of TRA Agreement in a sentence
The Parties hereby acknowledge and agree that the Borrower will pay to the Trustee Bank mutually agreed fee for services performed by the Trustee Bank pursuant to this TRA Agreement (the "Fee") and to pay/reimburse all out-of-pocket, legal, traveling and other costs, charges and expenses (the "Expenses") incurred by the Trustee Bank in the discharge of its duties under this TRA Agreement.
Addresses The address for notices and communication in respect of this TRA Agreement shall be as follows: For the Host [•] Registered Office Address: [•] Tel.
The obligations of the Borrower under this Clause 10 to indemnify and keep indemnified the Trustee Bank shall survive the satisfaction, discharge or other termination of this TRA Agreement and the resignation or removal of the Trustee Bank under this TRA Agreement.
The Corporate Taxpayer may withhold payments under this TRA Agreement to collect amounts due under the preceding sentence.
For clarity, the operation of this Section 3.5 with respect to any particular TRA Party shall not affect the rights or obligations of any other TRA Party under this TRA Agreement.
Failure by any Party at any time to enforce any provision of this TRA Agreement or to require performance by the other Parties of any provision of this TRA Agreement shall not be construed as a waiver of such provision and shall not affect the validity of this TRA Agreement or any part of it or the right of the relevant Party to enforce any provision in accordance with its terms.
This TRA Agreement shall be binding on and shall inure to the benefit of the Parties hereto and their respective successors in title and permitted assigns.
Any notice, demand or other communication under the TRA Agreement to Transferee shall be given to Transferee at the address set forth on the signature page hereto in accordance with Section 7.1 of the Tax Receivable Agreement.
Notwithstanding the preceding sentence, if the matter is not resolved before any payment that is the subject of a disagreement would be due (in the absence of such disagreement) or any Tax Return reflecting the subject of a disagreement is due, the undisputed amount shall be paid on the date prescribed by this TRA Agreement and such Tax Return may be filed as prepared by the Corporate Taxpayer, subject to adjustment or amendment upon resolution.
The headings and captions used in this TRA Agreement and the table of contents to this TRA Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this TRA Agreement.