QRC Entities definition
Examples of QRC Entities in a sentence
QRC further agrees and acknowledges that any member of the Partnership Group may, in addition to the other remedies that may be available to the Partnership Group, file a suit in equity to enjoin the QRC Entities from such breach, and consent to the issuance of injunctive relief under this Agreement.
The Company shall, and shall cause the Group Members to, conduct their respective businesses and operations separate and apart from those of any other Person (including the QRC Entities), except the Company and/or one or more members of the Group Members, in accordance with this Section 2.07.
Failure by the Company to comply with any of the obligations set forth above shall not affect the status of the Company as a separate legal entity, with its separate assets and separate liabilities or restrict or limit the Company from engaging or contracting with the QRC Entities for the provision of services or the purchase or sale of products, whether under the Omnibus Agreement or otherwise.
Each material contract between the Company or the Partnership, on the one hand, and any member of the QRC Entities, on the other hand, shall be in writing.
Without limiting the provisions hereof, QRC agrees and acknowledges that any violation of this Section 8.2 by any of the QRC Entities or by any of its respective Representatives shall be deemed to be a breach of this Section 8.2 by QRC.
Each of the QRC Entities has fulfilled and performed all its material obligations with respect to such rights-of-way and no event has occurred that allows, or after notice or lapse of time would allow, revocation or termination thereof or would result in any impairment of the rights of the holder of any such rights-of-way, except for such revocations, terminations and impairments that would not have a QRC Material Adverse Effect.
Since December 31, 2008, (a) except as otherwise required or expressly provided for in this Agreement, the businesses of the QRC Entities have been conducted, in all material respects, in the ordinary course of business consistent with past practice and (b) there has not been a QRC Material Adverse Effect.
None of such rights-of-way contains any restriction that is materially burdensome to the QRC Entities, taken as a whole.
Upon a Change of Control of QRC, the right of first offer granted to the Partnership Group in Section 5.01 will only apply to Subject Assets owned by the QRC Entities as of the date of such Change of Control.
The Parties desire by their execution of this Agreement to evidence their agreement, as more fully set forth in Article II, with respect to the non-competition obligations of the QRC Entities (as defined herein).