Operating Companies. Operating Companies" are the subsidiaries of the Company.
Operating Companies. The programs advertised in this brochure are operated by Contiki Holidays (Australia) Pty Ltd and Travel Corporation NZ Limited.
Operating Companies. Except as otherwise specifically provided in this Article 9, no Exempt Operating Company shall be subject to any Taxes with respect to MEP Activities. For purposes of this Article 9 (including the defined terms used in this Article 9), an Exempt Operating Company will be treated as an Operating Company, and not as a Contractor, with respect to its provision of works or services (including goods or technology provided pursuant to works or services) to the MEP Participants or the Overall Operating Company in connection with MEP Activities.
Operating Companies. Any Operating Company shall be entitled to all the exemptions and privileges accorded to the MEP Participants under this Article 8 and shall have no Profit Tax liability or compliance or filing obligations.
Operating Companies. The shareholdings of the Operating Companies shall not be transferred, pledged, otherwise disposed of to any third party or become subject to any Encumbrance without the prior written consent of TIC;
Operating Companies. Pursuant to the Services Agreement, the Operating Companies will be providing the Services to Athena. The Parties acknowledge, however, that AHS Philippines has not been formed as of the Support Agreement Effective Date. Once AHS India forms AHS Philippines, AHS India will cause AHS Philippines to sign an agreement, which contains terms and obligations substantially similar to the terms and obligations of AHS India as set forth in Section 3 of this Agreement.
Operating Companies. The programmes advertised in this brochure are owned and operated by: Contiki Holidays Latin America, Travel House, Rue Du Manoir, St Xxxxx Port, Guernsey, GY1 2JH Channel Islands. Please note that Contiki utilises ground handlers to assist with the operation of our products. These ground handlers include: Journey Mexico (Mexico, Belize, Guatemala), Galakiwi (Ecuador & Galapagos Islands), Natural Discovery (Costa Rica), Altura Travel (Argentina, Bolivia, Brazil & Peru), Adsmundo (Chile) and Latin Encounters (Columbia).
Operating Companies. The Company and its Subsidiaries have full legal and beneficial title to 20% of the outstanding shares of stock of Khalda Petroleum Company and 25% of the outstanding shares of stock of Qarun Petroleum Company formed under the Egyptian Agreements (the "Operating Companies"). The stock in the Operating Companies owned by the Company and its Subsidiaries is free and clear of all liens, security interests, mortgages, pledges, claims, charges or other encumbrances except for the security interests and encumbrances created in connection with the IFC Loan Agreement. To the knowledge of the Company, the Operating Companies are in compliance with their respective organizational documents. The transactions contemplated by this Agreement shall not adversely affect the rights of the Company and its Subsidiaries with respect to its ownership interest in the Operating Companies.
Operating Companies. 11.3 a. The Manager shall agree to consult regularly, but at least once a month, with the management of Galenica and Confedera regarding the state of affairs within the Corporations and the policy to be carried out regarding the Companies.
Operating Companies. Schedule 3.4 sets forth a true and complete list of the following with respect to each Operating Company: (a) the name and jurisdiction of organization of such Operating Company, (b) the form of organization of such Operating Company, (c) the issued and outstanding Equity Interests of such Operating Company directly owned by the Company or any other Operating Company and (d) the directors, managers and officers of such Operating Company. No Operating Company owns, directly or indirectly, any Equity Interests in any Person other than as set forth on Schedule 3.4. Other than as set forth on Schedule 3.4, there are no outstanding options, warrants, Contracts, calls, puts, rights to subscribe, conversion rights or other similar rights to which any Operating Company is a party or which are binding upon any Operating Company providing for the issuance, disposition or acquisition of any Equity Interests of any Operating Company. No Operating Company is subject to any obligation (contingent or otherwise) to repurchase or otherwise acquire or retire any of the Operating Companies’ Equity Interests.
