Amyris Brasil definition
Examples of Amyris Brasil in a sentence
Amyris Brasil or the Amyris Designate will have full control over any action taken, including, without limitation, the right to select counsel, to settle on any terms it deems advisable in its discretion, to appeal any adverse decision rendered in any court, to discontinue any action taken by it, and otherwise to make any decision in respect thereto as it in its discretion deems advisable.
For purpose of clarification USM and Amyris Brasil shall always have the same number of shares, notwithstanding the amounts invested by them in the Company.
ROFR: Company shall have the right to be offered all the contracts/orders that Amyris Brasil (and Amyris Brasil Affiliates) has for farnesene for performance chemicals products (or other Amyris Brasil products if the orders for farnesene for performance chemicals are not sufficient) until its full capacity is complete before Amyris Brasil offers such capacity to other Amyris Products manufacturers.
As long as each Shareholder holds fifty percent (50%) of the Company’s capital stock, the Shareholders shall alternate the appointment of the chairman of the Board of Directors as between Amyris Brasil Members and São Martinho Members.
A quorum for installation of any meeting of the Board of Directors shall require the presence of at least one (1) São Martinho Member and one (1) Amyris Brasil Member.
The final structure of any such contribution shall be mutually agreed by the Parties before the first contribution is made by Amyris Brasil following the incorporation of the Company.
Amyris Brasil, as long as the Master Offtake Agreement remains in force, if USM so chooses, the price applicable to the JV Product shall not be in less favorable conditions than the ones applicable to other third parties’ ▇▇▇▇▇.
Amyris Brasil is an Affiliate of ABI and is a joint stock company (sociedade por ações) duly organized and validly existing under the laws of Brazil and has the corporate power to own its assets and carry on its business as now being conducted.
In case of termination of the Joint Venture prior to the actual payment of such amounts to USM, such amounts should be paid to USM and the consideration that Amyris Brasil shall pay to USM under the terms of this Agreement shall be reduced by such amounts.
The eventual additional funding to be provided by Amyris Brasil under this Section 4.10.1 shall not cause any dilution of USM’s ownership interest in the Company.