New Paragraph 11 Sample Clauses

New Paragraph 11. A new Paragraph 11 shall be added to the Change of Control Agreement, as follows.
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New Paragraph 11. This Agreement shall terminate upon the dissolution or termination of Rackspace, Ltd., including but not limited to any dissolution or termination resulting from the merger of Rackspace, Ltd. into any other entity, or any dissolution or termination resulting from the sale of all or substantially all of the assets of Rackspace, Ltd. In addition, the rights of first refusal contained in Paragraph 1 shall no longer apply to the Trout Interests if Trout is no longer a limited partner of Rackspace, Ltd. and shall no longer apply to the membership interests in Macroweb, LC if Macroweb, LC is no longer the general partner of Rackspace, Ltd. The above notwithstanding, to the extent that Rackspace, Ltd. is dissolved or terminated as a result of a merger or other combination wherein the same or substantially the same owners own the successor entity (the "Successor") as own Rackspace, Ltd., this Agreement shall continue in effect, and shall continue until the earlier to occur of the dissolution or termination of the Successor, or a public offering of the shares of the Successor.

Related to New Paragraph 11

  • Sole Paragraph The Concessionaire will not be entitled to any kind of exclusivity; neither will it be able to claim any rights as to the admission of new providers of the same service, in the public or private regimen.

  • FIRST PARAGRAPH THE LESSEE authorizes THE LESSOR without implying an obligation or responsibility for himself, so that THE LESSEE hires insurance or renewals on her account and risk, and or pays the respective insurance premiums with the purpose of maintaining effective policies protecting the equipment. In the case that THE LESSOR pays on behalf of THE LESSEE the insurance policies, THE LESSEE has the obligation to pay THE LESSOR within a term of two (2) following days from receipt of the collection xxxx the amount of money paid on his account. The non compliance to any of the obligations assumed under this CLAUSE will be a cause so that THE LESSOR can terminate this Contract with the consequences contained in Clause Twenty Sixth. SECOND PARAGRAPH Any total or partial disaster shall not suspend neither it will interrupt nor change expiration of terms.

  • PARAGRAPH TWO The amount determined in accordance with the provisions of item I, clause “b” or item II shall be payable quarterly, on the fifteenth (15th) day of February, May, August, and November of each year, during the period between November 15, 2014 and February 15, 2017, and monthly, beginning on and including March 15, 2017, together with the principal amount repayment installments, and at the maturity or settlement of this Agreement, subject to the provisions of Section Eighteen. FIVE

  • Paragraph 1st If, after the procedure foreseen in this clause, Anatel considers inconvenient or unfeasible the implementation of the specific universalization goal by means of the Concessionaire, it will hire the responsibility from another, doing it by means of specific grants and delimiting the service, complying with the economic parameters obtained in the procedure foreseen in this clause.

  • Paragraph 2nd The changes mentioned in the present clause do not exclude the possibility of revision, at any time, of the present Contract as a result of the supervenience of relevant fact, at Anatel’s criterion.

  • Original Lease The single executed original of this Lease marked "THIS COUNTERPART IS THE ORIGINAL EXECUTED COUNTERPART" on the signature page thereof and containing the receipt of the Lessor therefor on or following the signature page thereof shall be the Original Executed Counterpart of this Lease (the "Original Executed Counterpart"). To the extent that this Lease constitutes chattel paper, as such term is defined in the Uniform Commercial Code as in effect in any applicable jurisdiction, no security interest in this Lease may be created through the transfer or possession of any counterpart other than the Original Executed Counterpart.

  • hereinbelow If Landlord provides its consent within the time period specified, Tenant shall be free to complete the assignment and/or sublet such space to the party contained in Tenant’s notice, subject to the following conditions:

  • Additional Defined Terms Section 1.01 of the Credit Agreement is hereby further amended and supplemented by adding the following new definitions, which read in their entirety as follows:

  • Paragraph 3rd It is up to Anatel to assure the protection of the economic situation of the Concessionaire, as per terms of Chapter XIII of this Contract.

  • Additional Negative Covenants Not to, without the Bank's written consent:

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