Operating Companies. Operating Companies" are the subsidiaries of the Company.
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. The programs advertised in this brochure are operated by Contiki Holidays (Australia) Pty Ltd and Travel Corporation NZ Limited.
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. 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 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. The AYE Operating Company, the West Virginia Operating Company and the Ohio Operating Company.
Operating Companies. Each Operating Company (a "Contributing Operating Company") agrees (subject to Section 3) that, in the event a payment shall be made by any other Operating Company under the OPNY Guarantee Agreement or assets of any other Operating Company shall be sold pursuant to any Collateral Document to satisfy a claim of any Secured Party and such other Operating Company (the "Claiming Operating Company") shall not have been fully indemnified by the Borrower as provided in Section 1, the Contributing Operating Company shall indemnify the Claiming Operating Company in an amount equal to the amount of such payment or the greater of the book value or the fair market value of such assets, as the case may be, in each case multiplied by a fraction of which the numerator shall be the Adjusted Net Assets (as defined below) of the Contributing Operating Company on the date that such obligation(s) supporting such claim were incurred under the OPNY Guarantee Agreement and the denominator shall be the aggregate net worth of all the Operating Companies on such date. Any Contributing Operating Company making any payment to a Claiming Operating Company pursuant to this Section 2(a) shall be subrogated to the rights of such Claiming Operating Company under Section 1 to the extent of such payment.
Operating Companies. The “Operating Companies” identified in the Share Exchange Agreement shall be SIF Dank LLP, CGE, LLP and Kor-Tazh LLP.
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.
