Valero Group definition

Valero Group means Valero, each Subsidiary of Valero immediately after the Distribution Date and each Affiliate of Valero immediately after the Distribution Date (in each case other than any member of the Corner Store Group).
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Valero Group means Valero and its Affiliates, excluding any entity that is a member of the Corner Store Group.
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Valero Group means, excluding members of the MLP Group, (i) each Affiliate of Valero Energy Corporation in which Valero Energy Corporation owns (directly or indirectly) an Equity Interest and (ii) each natural person that is an Affiliate of any Person described in (i) above solely because of such natural person's position as an officer (or person performing similar functions), director (or person performing similar functions) or other representative of any Person described in (i) above, but only to the extent that such natural person is acting in its capacity as an officer, director or representative of such Person.
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Examples of Valero Group in a sentence

  • Valero agrees to indemnify and hold harmless each member of the Corner Store Group and its directors, officers and employees from and against any fine, penalty, or other cost or expense of any kind attributable to a member of the Valero Group having supplied, pursuant to this Section 8, a member of the Corner Store Group with inaccurate or incomplete information in connection with a Tax liability.

  • Corner Store shall reimburse Valero for all reasonable costs and expenses incurred by the Valero Group in obtaining a Ruling or Unqualified Tax Opinion requested by Corner Store within ten Business Days after receiving an invoice from Valero therefor.

  • The Tax treatment reported on any Tax Return for which Corner Store is the Responsible Party shall be consistent with that on any Tax Return filed or to be filed by Valero or any member of the Valero Group or caused or to be caused to be filed by Valero, in each case with respect to periods prior to the Distribution Date or with respect to Straddle Periods (“Valero Group Transaction Returns”), to the extent Valero notifies Corner Store in writing of such Tax treatment.

  • Corner Store shall be liable for, and shall indemnify and hold harmless the Valero Group from and against any liability for, Taxes which are allocated to Corner Store under this Section 2.

  • In the event that an insurance policy aggregate is exhausted, or believed likely to be exhausted, due to noticed claims, the Corner Store Group, on the one hand, and the Valero Group, on the other hand, shall be responsible for their pro rata portion of the reinstatement premium, based upon the losses of such Group submitted to Valero’s insurance carrier(s) (including any submissions prior to the Distribution Date).

  • Valero shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth in this Agreement or in any Ancillary Agreement to be performed by any member of the Valero Group.

  • In furtherance thereof, in the event of any dispute or disagreement (other than a High-Level Dispute) (a “Tax Advisor Dispute”) between any member of the Valero Group and any member of the Corner Store Group as to the interpretation of any provision of this Agreement or the performance of obligations hereunder, the Tax departments of the Companies shall negotiate in good faith to resolve the Tax Advisor Dispute.

  • The parties agree that Corner Store, and not Valero, shall be ultimately responsible for all third-party costs and expenses incurred by, and for reimbursement of such costs and expenses to, any member of the Valero Group or Corner Store Group associated with the Corner Store Financing Arrangements.

  • Each member of the Valero Group shall execute and deliver to Corner Store (or such member of the Corner Store Group as Corner Store shall designate) any power of attorney or other similar document requested by Corner Store (or such designee) in connection with any Tax Contest (as to which Corner Store is the Controlling Party) described in this Section 10.

  • In the event that a member of the Valero Group, on the one hand, or a member of the Corner Store Group, on the other hand, suffers a Tax detriment as a result of a Transfer Pricing Adjustment, the Companies shall cooperate pursuant to this Section 8 to seek any competent authority relief that may be available with respect to such Transfer Pricing Adjustment.


More Definitions of Valero Group

Valero Group means the Company Group as that term is defined in the Distribution Agreement.
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Valero Group is defined in the Recitals to this Agreement.
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Valero Group has the meaning set forth in the Separation Agreement.
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Related to Valero Group

  • SpinCo Entities means the entities, the equity, partnership, membership, limited liability, joint venture or similar interests of which are set forth on Schedule IV under the caption “Joint Ventures and Minority Investments.”

  • SpinCo Group means (a) prior to the Effective Time, SpinCo and each Person that will be a Subsidiary of SpinCo as of immediately after the Effective Time, including the Transferred Entities, even if, prior to the Effective Time, such Person is not a Subsidiary of SpinCo; and (b) on and after the Effective Time, SpinCo and each Person that is a Subsidiary of SpinCo.

  • Remainco Group means RemainCo and its Subsidiaries, other than the SpinCo Group.

  • SpinCo shall have the meaning set forth in the Preamble.

  • Xxxx Group means collectively Xxxx Capital Fund V, L.P., Xxxx Capital Fund V-B, L.P., BCIP Associates, BCIP Trust Associates, L.P. and Xxxxxxxx Street Partners.

  • ITT has the meaning given to it in the recitals to this Framework Agreement;

  • Participating Company Group means, at any point in time, all corporations collectively which are then Participating Companies.

  • DBS Group means DBS Bank Ltd, its subsidiaries, affiliates, branches and related companies.

  • Xxxxx Group means Xxxxx and any Affiliate of Xxxxx.

  • SAP Group means SAP Parent and any of its Associated Companies.

  • Spinco Subsidiaries means all direct and indirect Subsidiaries of SpinCo, after giving effect to the Reorganization.

  • Parent Group has the meaning set forth in Section 8.03(c).

  • Affiliated Group means any affiliated group within the meaning of Code Section 1504(a) or any similar group defined under a similar provision of state, local or foreign law.

  • Tax Group means any federal, state, local or foreign consolidated, affiliated, combined, unitary or other similar group of which the Acquiror Company is now or was formerly a member.

  • Brookfield Group means Brookfield and any Affiliates of Brookfield, other than any member of the BREP Group;

  • MPC means the Main Press Centre.

  • RemainCo shall have the meaning set forth in the Preamble.

  • Combined Group means a group of corporations or other entities that files a Combined Return.

  • NGC means the Nevada Gaming Commission.

  • Designated Group means - i) Black designated groups; ii) Black People; iii) Women; iv) people with disabilities or v) Small enterprise, as defined in Section 1 of National Small Enterprise Act, (102 of 1996)

  • Participating Companies means any insurance company (including Insurance Company) that offers variable annuity and/or variable life insurance contracts to the public and that has entered into an agreement with one or more of the Funds.

  • Participating Subsidiaries means the Subsidiaries that have been designated as eligible to participate in the Plan, and such other Subsidiaries that may be designated by the Committee from time to time in its sole discretion.

  • Company Group means the Company and its Subsidiaries.

  • Xxxxxx Group shall have the meaning set forth in Section 9.2(b) hereof.

  • Cendant means Cendant Corporation, a Delaware corporation.

  • Minority Group means any of the following racial or ethnic groups: