Operating Companies Clause Samples
The 'Operating Companies' clause defines which entities within a corporate group are considered as the primary parties responsible for carrying out the business operations under the agreement. This clause typically lists or describes the specific subsidiaries or affiliates that will perform obligations, deliver goods or services, or otherwise participate in the contract. By clearly identifying the relevant operating companies, the clause ensures that all parties understand which legal entities are bound by the agreement, thereby reducing confusion and potential disputes over responsibility.
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Operating Companies. Operating Companies" are the subsidiaries of the Company.
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. 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. 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 programs advertised in this brochure are operated by Contiki Holidays (Australia) Pty Ltd and Travel Corporation NZ Limited.
Operating Companies. Local Matters acknowledges that the Customer has entered into this Agreement for its own benefit and for the benefit of the Operating Companies. The parties agree that the Customer’s losses under this Agreement will be deemed to include any losses suffered by any Operating Company rightfully receiving a right to use the Deliverables or any of the services or other documentation provided by Local Matters under this Agreement, whether arising in contract, in tort (including negligence) under any statute or otherwise, provided that the losses, liabilities, damages, costs, charges and expenses suffered by the Operating Company (“Losses”) would have been recoverable by the Operating Company if it had been a party to this Agreement in the place of Customer, and Local Matters will not under any circumstances be liable twice for the same Losses.
Operating Companies. (a) The General Partner intends to organize and capitalize one or more Operating Companies for the purpose of pursuing investments in Fund Assets. Each Partner who participates in an Operating Company shall be deemed to participate in each Fund Asset held by such Operating Company pro rata based on the portion of the Funded Commitment of such Partner with respect to or that relates to such Operating Company. The General Partner shall in good faith make all determinations as to the amount required to fund an Operating Company and the amount of each Partner’s Funded Commitment attributable to each Fund Asset.
Operating Companies. Sofinov and HBT intend to create and own a variety of operating companies. Each operating company shall sublicense from PHS the right to use the Licensed UOB-TM- Patents, the UOB-TM- Technology, the Tradenames and the Trademarks in the exploitation of a specified field of use for the UOB-TM- Technology. All of the terms, conditions, rights, obligations, and requirements described in this Section 8 shall apply to each of the operating companies so formed, including PGS, and shall be set forth in the operating agreement and/or other appropriate operational or organizational document for each of the operating companies as required.
Operating Companies. APP and ASI may from time to time form and establish Entities as are authorized by the laws of any individual State or of the United States of America ("Operating Companies") which shall enter into contracts with End Users to perform Services associated with individual Projects which are to be developed jointly by the Parties.