Joint Israeli Administrators definition
Examples of Joint Israeli Administrators in a sentence
The Purchaser acknowledges and agrees that in the negotiation and the completion of this Agreement the Joint Administrators and the Joint Israeli Administrators are acting only as agents for and on behalf of the EMEA Debtors and the Israeli Company, respectively, and without any personal Liability whatsoever.
The Purchaser acknowledges and agrees that in the negotiation and the completion of this Deed the Joint Administrators and the Joint Israeli Administrators are acting only as agents for and on behalf of the EMEA Debtors and the Israeli Company, respectively, and without any personal Liability whatsoever.
On 7 October 2009 the EMEA Sellers, the Joint Administrators, the Joint Israeli Administrators and the Purchaser entered into an Asset Sale Agreement (the “EMEA Agreement”) whereby the EMEA Sellers agreed to sell and transfer to the Purchaser the EMEA Assets (as defined in the EMEA Agreement) for the consideration and upon the terms and subject to the conditions set out in the EMEA Agreement.
Administrators, NNSA Office Holders and the Joint Israeli Administrators and Directors of EMEA Non-Debtor Sellers.
The Joint Administrators, the Joint Israeli Administrators and the NNSA Office Holders, in their individual capacities, shall be party to this Agreement solely for the purposes of Sections 3.1, 3.6, 3.7, 3.10 and 3.14.
The EMEA Sellers, the Joint Administrators, the Joint Israeli Administrators and the Purchaser will enter into the EMEA Asset Sale Agreement providing, inter alia, for the sale to the Purchaser (or the EMEA Designated Purchasers) of the EMEA Business.
On 7 October 2009 the EMEA Sellers, the Joint Administrators, the Joint Israeli Administrators and the Purchaser entered into an Asset Sale Agreement (the “Agreement") whereby the EMEA Sellers agreed to sell and transfer to the Purchaser the EMEA Assets (as defined in the Agreement) for the consideration and upon the terms and subject to the conditions set out in the Agreement.
For the avoidance of doubt, the intent of Parties and the EMEA Sellers is that the obligations and any liabilities of the EMEA Sellers, the Joint Administrators and the Joint Israeli Administrators under this Agreement will arise concurrently with the obligations and liabilities of the Sellers under this Agreement.
The EMEA Expense Reimbursement shall be paid by wire transfer or other means acceptable to the Purchaser not later than two (2) Business Days following the receipt by the Joint Administrators and the Joint Israeli Administrators of a written notice from the Purchaser describing the fees and expenses which constitute the EMEA Expense Reimbursement in reasonable detail.
Notwithstanding the foregoing in this Section 5.05, the Parties intend that for Nortel Networks Limited, Nortel Networks Inc., the EMEA Sellers (as defined on Exhibit I to the Nortel IPLA), the Joint Administrators (as defined in the Nortel IPLA) and the Joint Israeli Administrators (as defined in the Nortel IPLA) to be express and intended third-party beneficiaries to Section 2.01 hereof and the partial assignment described therein.