BT Parties definition
Examples of BT Parties in a sentence
For purposes of this Section or any arbitration initiated pursuant hereto, (i) the TI Parties shall always act together as a block and shall be deemed to be a single party, and (ii), prior to the Date of Merger, the BT Parties shall always act together as a block and shall be deemed to be a single party.
This Agreement shall, upon its execution by the BT Parties, constitute valid and binding obligations of each such BT Party, enforceable against such BT Party, as the case may be, in accordance with its terms.
The BT Parties shall, prior to the Date of the Merger, use their best efforts to cause all guaranties granted by BTC, either in the form of personal guaranties (garantias fidejussórias) or in the form of collateral (garantias reais) in respect of any third parties’ obligations to be released by the respective creditors.
Any dispute, controversy or claim between the TI Parties, on the one side, and the BT Parties, on the other, arising out of or relating to this Agreement and to the Protocol (including the breach, termination or invalidity hereof or thereof) shall be finally settled by binding arbitration in accordance with the Rules of Arbitration (the “Rules”) of the International Chamber of Commerce – ICC (the “Chamber”), in accordance with the provisions of this Section.
No agent, broker, person or firm acting on behalf of any TI Party or any of its Affiliates or related parties is, or will be, entitled to any commission or broker’s or finder’s fees from any of the BT Parties or any of the BT Parties’ respective Affiliates, in connection with any of the transactions contemplated by this Agreement.
The BT Parties represent and warrant that (i) all material agreements of BTC have been made on arms’ length bases, reflecting normal market conditions, providing for adequate compensation, and that (ii) BTC has entered into no agreements, assumed no liabilities, commitments to pay or obligations, or given any guarantees, surety bonds, endorsements, insurance or the like in excess of an amount equivalent to € 10 million on the date hereof.
Each of the AT&T Parties and the BT Parties hereby waives the application of any of the provisions of the Thistle BV Charter Documents which if enforced would block or delay any Transfer of the shares of Thistle BV that is permitted or required to be made by this Agreement and agrees to vote all of its shares of Thistle BV in favor of the approval of any such Transfer.
Any dispute, controversy or claim between the TI Parties, on the one side, and the BT Parties, on the other, arising out of or relating to this Agreement and to the Protocol (including the breach, termination or invalidity hereof or thereof) shall be finally settled by binding arbitration in accordance with the Rules of Arbitration (the "Rules") of the International Chamber of Commerce – ICC (the "Chamber"), in accordance with the provisions of this Section.
T Parties and the BT Parties acknowledge and agree that they are entering into this Agreement and forming the Newco Group in reliance upon the unique skills and expertise of the other.
No agent, broker, person or firm acting on behalf of any TI Party or any of its Affiliates or related parties is, or will be, entitled to any commission or broker's or finder's fees from 13 any of the BT Parties or any of the BT Parties' respective Affiliates, in connection with any of the transactions contemplated by this Agreement.