Examples of KSL Company in a sentence
The parties agree that neither KSL nor any KSL Company is entitled to deduct any amounts with respect to the KSL Options granted pursuant to the Distribution Agreement except to the extent that the KSI Option that is substituted in part by such KSL Option was granted in consideration for services performed for KSL or a KSL Company by the optionee.
The parties agree that neither KSL nor any KSL Company is entitled to deduct any amounts paid under or with respect to either of the KSI Deferred Compensation Plans, other than amounts paid under or with respect to the portion of the applicable KSI Deferred Compensation Plan that is in consideration of services performed for KSL or a KSL Company.
KSL agrees to use commercially reasonable efforts to obtain the release of any guarantees or other financial assurances provided by KSI or any of its Affiliates on behalf of any KSL Company.
No officer or director of any KSL Company is a defendant in any Action commenced by any equityholder of any KSL Company with respect to the performance of his duties as an officer or a director of any KSL Company under any applicable Law.
There are no material pending or, to the Knowledge of KSL, threatened, labor disputes, work stoppages, requests for representation, pickets, work slow-downs due to labor disagreements or any legal actions or arbitrations that involve the labor or employment relations of any KSL Company.
The KSL Companies, in the aggregate, have good and valid title to, or a valid interest in, all of their respective tangible personal assets, free and clear of all Liens, other than (i) Permitted Liens or (ii) Liens that individually or in the aggregate, do not materially interfere with the ability of any KSL Company to conduct its business as currently conducted.
Each KSL Company is qualified to own and operate the Owned Vessels under applicable Laws, including the Laws of each Owned Vessel's flag state, except where such failure to be qualified would not have a KSL Material Adverse Effect.
Except as set forth in Section 5.14 of the KSL Disclosure Letter, there is no Action pending or, to the Knowledge of KSL, threatened against any KSL Company.
There are no material claims individually or in the aggregate by any KSL Company pending under any of the Policies as to which coverage has been questioned, denied or disputed by the underwriters of such Policy, as applicable, in writing or in respect of which such underwriters have reserved their rights in writing.
There is no material unsatisfied judgment, penalty or award against any KSL Company.