WEG definition
Examples of WEG in a sentence
Holding assigned, transferred and conveyed all of its limited liability company interest in the Company to ▇▇▇ and WNGL on November 15, 2002, and thereafter the name of the Company was changed to WEG GP, LLC on November 14, 2002 and changed again to WEG GP LLC on November 15, 2003.
A default judgment as to both the Company and the Ashdown LLC was entered on July 26, 2009, which obligation was expressly assumed by WEG in connection with the closing of the sale of the Company’s interest in the Ashdown LLC on May 13, 2009.
Further, pursuant to the partially binding LOI entered into with WEG regarding the potential settlement of the outstanding note we hold by WEG, we anticipate that WEG will assume full responsibility for any liabilities resulting from the dispute with Tetra, however, there can be no assurance that the promissory note will be settled under those terms.
As of the current date, it is our understanding that WEG has negotiated a settlement with DMC Mining with respect to such obligation and that we will be indemnified and held harmless for any liability or obligation to DMC Mining in connection with the sale of our interest in the Ashdown LLC.
NPS will use all reasonable efforts to minimize any interference with the normal operations of the WEG Group.