Operating Affiliates definition
Examples of Operating Affiliates in a sentence
The terms of this Contract shall also apply to Purchase Orders issued by Operating Affiliates and by Owner, for and on behalf of its Related Operators, provided that in each case, the Purchase Orders are made pursuant to and incorporate by reference the terms of this Contract.
The knowledge of Sellers for all purposes hereunder shall include the knowledge of the Senior Supervisory Personnel of the following entities: BPZ E&P, BPZ Resources, Inc., and, until the Completion Date, Newco (collectively, the Sellers’ Knowledge Group); and the knowledge of Buyer for all purposes hereunder shall include the knowledge of the Senior Supervisory Personnel of the Buyer Operating Affiliates.
The Seller covenants with Buyers and for the benefit of each of their Affiliates that until the expiration of thirty-six (36) months from the Closing, it shall not, and it shall procure that the Seller’s Operating Affiliates shall not, directly or indirectly, carry on or be engaged or interested in a Competing Business except that it may hold for investment up to 5% of any class of securities of a Competing Business.
The parties shall endeavor to agree on the terms of, and enter into, supply arrangements between the Buyers or any of their Affiliates (which, for the avoidance of doubt, shall include the Target Group after the Closing Date) and the Seller or any member of the Retained Group, pursuant to which Buyers or any of their Affiliates would supply the rolled goods needle felt used by Seller or any of Seller’s Operating Affiliates in carrying on the Hydro-finishing Business.
Xx. Xxxxxxxx agrees to devote his entire professional time, energy, and ability to the proper and efficient performance of professional services for the Companies and their Operating Affiliates.
Xx. Xxxxxx agrees to devote his entire professional time, energy, and ability to the proper and efficient performance of professional services for the Company and their Operating Affiliates.
In instances where Purchase Orders are placed by an Operating Affiliate or a Related Operator such Operating Affiliate or Related Operator shall receive all of the rights and benefits of the Owner hereunder with respect to all Products and Services furnished by Vendor to such Operating Affiliates or Related Operators, including without limitation the full benefits or all Warranties, software licensing arrangements, Software Upgrades, Software Enhancements, Equipment Upgrades and Equipment Enhancements.
Charges for Shared Services and Benefits are based upon each Operating Affiliate's (and its subsidiaries') share of actual costs (including direct and indirect costs) incurred by Company in the performance of such Shared Services and Benefits.
Such measures must also be notified to the Spanish Ministry of Development (Ministerio de Fomento) through the DGAC, the United Kingdom Civil Aviation Authority and the other competent authorities regarding any operating rights held or enjoyed by the Operating Affiliates.
At any Operating Affiliate's request, Company shall provide to such Operating Affiliate copies of records pertaining to the Services provided to it or its subsidiaries.