VTTI Operating definition
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.
Any rights of Editas or Allergan, as the case may be, not expressly granted to the other Party pursuant to this Agreement shall be retained by such Party.
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.
All Taxes, whether or not shown on such Tax Returns, owed by the VTTI Operating Entities which are or have become due have been paid in full.
To the knowledge of Sponsor, VTTI Operating is qualified to conduct business in each jurisdiction where the nature of its business or the ownership of its properties require it to be qualified.
Sponsor owns the Interests free and clear of all liens, pledges, security interests, restrictions (other than restrictions, if any, imposed by the VTTI Operating Charter), encumbrances and claims.
VTTI Operating has no capital stock or other equity interests issued or outstanding other than such Profit Shares and Voting Shares and there are no options, warrants or rights to acquire any ownership interest in VTTI Operating (other than rights, if any, set forth in the VTTI Operating Charter).
To the knowledge of Sponsor, the ownership and operation of the VTTI Operating Entities have been in compliance in all material respects with all applicable laws, rules, regulations and orders; and neither Sponsor nor any of the VTTI Operating Entities has received notice from any Governmental Authority asserting any act of non-compliance.