Services and Personnel Provided to the Partnership Group. On and as of the Closing Date, (i) all of Compressco’s U.S. employees will become employees of the General Partner and be dedicated to managing the Partnership Entities’ operations and conducting the Partnership Group’s business on a full-time basis and (ii) the Partnership Group’s operations in Mexico will be supported on a part-time basis by the employees and consultants of Mexico-based TETRA Entities (such TETRA Entities, the “Mexico-based TETRA Entities”). The Partnership will reimburse the General Partner and TETRA for all direct and indirect expenses incurred by the General Partner, the Mexico-based TETRA Entities and TETRA on the Partnership Group’s behalf on the following terms:
Appears in 4 contracts
Samples: Omnibus Agreement (Tetra Technologies Inc), Omnibus Agreement (Compressco Partners, L.P.), Omnibus Agreement (Compressco Partners, L.P.)
Services and Personnel Provided to the Partnership Group. On and as of the Closing Date, (i) all of Compressco’s U.S. employees will become employees of the General Partner and be dedicated to managing the Partnership Entities’ operations and conducting the Partnership Group’s business on a full-time basis and (ii) the Partnership Group’s operations in Mexico will be supported on a part-time basis by the employees and consultants of TETRA de Mexico-based , S.A. de C.V., an indirect wholly owned subsidiary of TETRA Entities (such “TETRA Entities, the “de Mexico-based TETRA Entities”). The Partnership will reimburse the General Partner and TETRA for all direct and indirect expenses incurred by the General Partner, the Mexico-based TETRA Entities de Mexico and TETRA on the Partnership Group’s behalf on the following terms:
Appears in 1 contract