Anticipated Transactions Clause Samples

Anticipated Transactions. It is recognized that the Members and the officers have other legal and financial relationships and that they will participate in business ventures other than the Company that may be in direct competition with the Company.

Anticipated Transactions. It is anticipated that the members and manager may have other legal and financial relationships, whether a conflict or not. Representatives of this Company, along with representatives of other entities, may from time to time participate in the joint development of contracts and transactions designed to be fair and reasonable to each participant and to afford an aggregate benefit to all participants. Such relationships shall be subject to the provisions of Section 2.2(d).

Anticipated Transactions. Notwithstanding the provision of Section 9.5, it is anticipated that the Members and Officers will have other legal and financial relationships.

Anticipated Transactions. Notwithstanding the provisions of Section 12.2 above, it is recognized that the Members and the Manager of the Company have other legal and financial relationships and that they will participate in business ventures other than the Company, including oil and gas related ventures, which may be in competition with the Company. The parties hereto acknowledge and agree nothing contained herein shall restrict the Manager or any Member from participating in any business ventures other than the Company, including oil and gas related ventures.

Anticipated Transactions. Notwithstanding the duties of undivided loyalty of the Members and Managers to the Company, it is anticipated that the Members and Managers will have other legal and financial relationships. Members and Managers of this Company, along with representatives of other entities, from time to time may participate in the joint development of contracts and transactions designed to be fair and reasonable to each participant and to afford an aggregate benefit to all participants. Therefore, it is anticipated that this Company will desire to participate in these contracts and tranactions and, after ordinary review for reasonableness, that the participation of the Company in these contracts and transactions may be authorized by the Members.

Anticipated Transactions. 8.3.1. The Lender acknowledges and agrees that (a) one or both Borrowers may transfer any assets forming part of the BL Business to a member of the Target Group that is a Guarantor and (b) the merger, de-merger, amalgamation, dissolution, liquidation or consolidation of one or both Borrowers with or into one or more Guarantors that are members of the Target Group (with the Guarantor being the surviving entity); provided that in no event shall any part of the BL Business be transferred outside of the Target Group (other than transfers in the ordinary course of the BL Business that are expressly permitted by the ICA or the Credit Agreement). 8.3.2. Each Borrower undertakes and represents towards the Lender that: a. in the event of the merger or de-merger of one or both Borrowers with or into one or more Guarantors that are members of the Target Group (with the Guarantor being the surviving entity) in accordance with title 7 of Book 2 of the Dutch Civil Code, it shall procure that the notarial deed(s) of merger or de-merger, as the case may be, will explicitly provide that this Agreement will transfer to the surviving entity under universal title; and b. in the event of: (i) the merger or de-merger other than pursuant to title 7 of Book 2 of the Dutch Civil Code; or (ii) amalgamation, dissolution, liquidation or consolidation of one or both Borrowers with or into one or more Guarantors that are members of the Target Group (with the Guarantor being the surviving entity); or (iii) a transfer of any assets forming part of the BL Business from a Borrower to a member of the Target Group, it shall, and shall procure that the surviving and/or receiving member(s) of the Target Group shall, immediately prior to such merger, de-merger, amalgamation, dissolution, liquidation, consolidation or transfer of assets, jointly enter into a Dutch law governed deed of transfer and assignment (akte van contractsoverneming) with the Lender which will provide for the transfer and assignment of this Agreement in accordance with section 6:159 of the Dutch Civil Code to any such member(s) of the Target Group. Any deed of transfer and assignment of this Agreement by a member(s) of the Target Group, which is not a mere transfer of all rights and obligations of this Agreement to the surviving and/or receiving member(s) of the Target Group in accordance with section 6:159 of the Dutch Civil Code, shall be subject to the consent rights of the Administrative Agent and the Required Lenders (...