Examples of VTTI Operating in a sentence
As per the execution of the Deed of Transfer whereby the First Partnership Contribution is effectuated, the Partnership is admitted to VTTI Operating as a shareholder of VTTI Operating and agrees that it is bound by the VTTI Operating Charter as a shareholder of VTTI Operating, and VTTI Operating continues without dissolution with the Partnership as a shareholder.
As per the execution of the Deed of Transfer whereby this contribution is effectuated, (i) VTTI Holdings is admitted as a shareholder of VTTI Operating and agrees that it is bound by the VTTI Operating Charter, (ii) the Partnership ceases to be a shareholder of VTTI Operating, and (iii) VTTI Operating continues without dissolution with VTTI Holdings as a shareholder.
As per the execution of the Deed of Transfer whereby the Second Partnership Contribution is effectuated, (i) the Partnership’s participation in the share capital of VTTI Operating is increased by the Second Partnership Contribution, (ii) the General Partner ceases to be a shareholder of VTTI Operating and (iii) VTTI Operating continues without dissolution with the Partnership as a shareholder.
If VTTI fails to make the payments contemplated by Section 5.1 within 15 days after the end of each calendar month, then Vitol and MISC, jointly and severally, agree to pay the VTTI Guarantee Amount to VTTI Operating no later than the second business day after such failure to pay.
Each of VTTI, the Partnership and VTTI Operating agree that the transfer of the Subject Assets shall take place as promptly as reasonably practicable after the Closing Date.
VTTI Operating has been duly incorporated and is validly existing as a private limited liability company under Dutch law.
Except for Evercore Group L.L.C., the fees and expenses of which will be paid by VTTI Holdings, neither VTTI Holdings nor any of its Affiliates has incurred any liability, contingent or otherwise, for any brokerage fee, commission or financial advisory fee in connection with the transactions contemplated by this Agreement for which Sponsor or VTTI Operating or any of their respective Affiliates will be liable.
Sponsor is not in breach or default under the terms of the VTTI Operating Charter.
Except as reflected on the Financial Statements or as would not, individually or in the aggregate, have a material adverse effect on any of the VTTI Operating Entities, (a) the VTTI Operating Entities are and have been in compliance with applicable environmental, health and safety laws and (b) there has been no release of hazardous substances at or from any of the VTTI Operating Entities’ assets.
Following the completion of the Acquisition, the Partnership indirectly owns a total economic interest of 51.0% and a 51.0% indirect voting interest in VTTI Operating.