Xxxxxx Oil definition
Examples of Xxxxxx Oil in a sentence
Each of Alliance and Xxxxxx Oil has been duly formed and is validly existing in good standing as a limited liability company under the Massachusetts Limited Liability Company Act with full limited liability company power and authority to own or lease its properties and conduct its business.
Xxxxxx Oil Corporation has caused this instrument to be duly executed.
Neither Xxxxxx Oil nor Xxxxxx USA will be required to guarantee any minimum sale price for the fractional shares.
Except as specifically provided otherwise in this Agreement or any Ancillary Agreement, all costs and expenses incurred by the Xxxxxx Oil Group in connection with the Distribution and related transactions shall be paid by Xxxxxx Oil, and all costs and expenses incurred by the Xxxxxx USA Group in connection with the Distribution and related transactions shall be paid by Xxxxxx USA.
Xxxxxx Oil shall mail the Information Statement to the holders of Xxxxxx Oil Common Stock as of the Record Date.
Notwithstanding any provision of this Agreement to the contrary, the Xxxxxx Oil Board of Directors may, in its sole discretion and without the approval of Xxxxxx USA or any other Person, at any time prior to the Distribution terminate this Agreement and/or abandon the Distribution, whether or not it has theretofore approved this Agreement and/or the Distribution.
Nothing contained herein shall be construed to be an attempted assignment of or a change to any part of the ownership of the Xxxxxx Oil Policies or shall be construed to waive any right or remedy of any member of the Xxxxxx Oil Group in respect thereof.
Xxxxxx USA shall provide advance notice to Xxxxxx Oil of any such claims.
Prior to the Distribution, each of the entities described below is wholly owned, directly or indirectly, by Xxxxxx Oil.
Xxxxxx Oil and Xxxxxx USA will use their reasonable efforts to obtain the consent of any Third Party or any Governmental Authority, if any, required in connection with the transfer or assignment pursuant to Section 2.03 of any such asset or any such claim or right or benefit arising thereunder and the assumption of any Liability associated therewith.