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. 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. 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. 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 “Operating Companies” identified in the Share Exchange Agreement shall be SIF Dank LLP, CGE, LLP and Kor-Tazh LLP.
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. 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. 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.