Trico Undertakings Clause Samples

Trico Undertakings. In addition to its other obligations set forth in this Agreement, Trico hereby covenants and undertakes to: (a) provide any relevant documents and materials necessary for the establishment of the Company; (b) provide its expertise with respect to the Services to the Trico Vessels and marine support service industry trends as well as world-class marketing and managerial skills; (c) other responsibilities as may be agreed upon by the Parties from time to time; and (d) in support COSL’s desire to include the accounts of the Company in the consolidated accounts of COSL or its Affiliates in accordance with Hong Kong GAAP, effect a change to the pro rata shareholding of the Company, such that COSL shall subscribe for five hundred and ten thousand (510,000) Shares, and Trico shall subscribe for four hundred ninety thousand (490,000) Shares, representing 51% and 49% of the issued and outstanding Shares, respectively.