Infinet Sample Clauses
The 'Infinet' clause establishes the terms and conditions governing the use of a specific network or digital platform, typically referred to as 'Infinet.' It outlines the rights and responsibilities of users, such as permitted activities, access limitations, and any security or compliance requirements associated with the network. For example, it may specify who can access the network, how data is transmitted, and what actions are prohibited to maintain system integrity. The core function of this clause is to ensure proper and secure use of the Infinet platform, thereby protecting both the service provider and users from misuse or unauthorized activities.
Infinet. The Consultant has or shall provide the following Consulting Services to Infinet to the extent requested by Infinet:
2.1 advice to Infinet of a strategic and business development nature;
2.2 advice to Infinet with respect to the formation, structuring, business planning and capitalization thereof; and
2.3 advice to Infinet with respect to the leveraging of IMH’s relationship and strategic partnering with IMH.
Infinet. During the Employment Period, Executive shall serve as the Chief Financial Officer of Infinet. In this capacity, Executive shall have such duties, authorities and responsibilities commensurate with the duties, authorities and responsibilities of persons in similar capacities in similarly-sized companies, and such other duties, authorities and responsibilities as the Board of Directors of Infinet (the “Infinet Board”) and the Chief Executive Officer of Infinet shall reasonably designate that are consistent with Executive’s position as the Chief Financial Officer of Infinet. Executive shall report exclusively to the Chief Executive Officer of Infinet. In addition to serving as the Chief Financial Officer of Infinet, Executive shall become a member of the Infinet Board from and after the Effective Date, subject to customary board election practices. In the event that IMH requests that Executive resign as the Chief Financial Officer of Infinet and become a full-time executive officer of IMH, Executive shall promptly do so.
Infinet. On and after the date hereof, Borrower shall, and shall cause the applicable Borrower Subsidiary to, cause the ownership, operation and management of Infinet to be self-funded, separately operating, insured in a reasonable and customary manner and operating in accordance with the business plan delivered to Lender on or prior to the date hereof or as Lender may otherwise approve in writing from time to time thereafter. In furtherance of the foregoing, and subject to the terms of the Cash Management Agreement, Borrower shall be permitted to commit up to $1,000,000 to be invested by Borrower in Infinet, in the aggregate, from the proceeds of the Loan.
Infinet. Subject to applicable law and the provisions of ------- any agreement among FFG and any of the stockholders of InfiNet, FFG shall take any and all actions reasonably requested by NatWest Plc to facilitate any transfer or redemption of any or all shares of InfiNet held by Holdings (including but not limited to support for any amendment to, or waiver or consent under, InfiNet's certificate of incorporation or by-laws submitted for stockholder approval relating to any such transfer or redemption).
Infinet will comply with all applicable federal, state and local laws in the performance of its obligations hereunder, including but not limited to laws concerning student and financial disclosures.
Infinet. Commencing on the Effective Date and ending thirty (30) days after Infinet’s written notice of termination of this Agreement to the Consultant as to Infinet, in consideration for the Consulting Services rendered to Infinet through the date thereof, Infinet shall pay the Consultant during the Term an annual fee of $250,000, or the Infinet Base Consulting Fee, or a monthly fee of $20,833.33 (the “Infinet Base Monthly Fee”), payable monthly in advance. Partial months shall be prorated on the basis of a 30-day month.
Infinet. Nelnet shall give ten-business-days' written notice of an examination and the name of each representative conducting the examination. In no event shall an examination be conducted contrary to any privacy or other confidentiality obligations imposed by law or agreement with a third party.
Infinet the Consultant shall receive an aggregate annual base consulting fee of Two Hundred Fifty Thousand Dollars ($250,000) (the “Infinet Base Consulting Fee”). The IMH Base Consulting Fee and the Infinet Base Consulting Fee shall collectively be referred to as the “Base Consulting Fees”).
Infinet represents and warrants that: (
Infinet reserves for itself and its licensors all right, title and interest in and to the INFINET Products, the Confidential Information of INFINET (as defined in Section 11), including, without limitation, all copyrights, patents and other intellectual proprietary rights. All rights not expressly granted in this Agreement are reserved.