Dealer of Record Sample Clauses

Dealer of Record. In accordance with Manufacturer Rules, and subject to the prior approval of the Board, AAG Member shall designate an individual, who shall be an equity owner of AAG Member or its Affiliate, to (i) represent the Company with respect to all interactions with Manufacturers and (ii) control the daily operations of the Dealership in accordance with, and to the extent required by, the DA (the “Dealer of Record”). The Members and Board acknowledge and consent to the designation of Xxxx Xxxxxxxx as the initial Dealer of Record. The Dealer of Record shall comply with all related Manufacturers requirements, including relevant automotive industry background and material individual direct or indirect investment in the Company. The Dealer of Record shall have the authority to (i) act on behalf of the Company with respect to the Company’s dealings with Manufacturers and (ii) to appoint and terminate the General Managers of the Dealerships. LMP Member shall have the right to terminate the Dealer of Record only for Good Cause. The Dealer of Record may only be replaced as result of Good Cause, his death, or his voluntary resignation. The purported removal of Xxxx Xxxxxxxx as the initial Dealer of Record hereunder for Good Cause prior to the fifth anniversary of the Closing Date, if disputed in writing by the AAG Member, shall be suspended and enjoined unless the Company or the LMP Member obtain a judicial determination of a likelihood of success on the merits in an injunction or preliminary relief motion in a court of competent jurisdiction until a final judicial determination regarding the validity of Xxxx Xxxxxxxx’x removal as Dealer of Record is rendered in connection with such litigation. Notwithstanding the foregoing, the rights of the respective parties as set forth in Section 7.5 (b) hereof shall remain in full force and effect. In the event the AAG Member disputes the removal of Xxxx Xxxxxxxx as the Dealer of Record and it is later determined that Good Cause then existed to remove Xxxx Xxxxxxxx as the Dealer of Record, the AAG member will indemnify, defend and hold harmless the Company and its Affiliates from and against any and all Liabilities resulting from such dispute and any resulting delay in Xxxx Xxxxxxxx’x removal as Dealer of Record. AAG HOLDING CO3, LLC Limited Liability Company Operating Agreement
AutoNDA by SimpleDocs

Related to Dealer of Record

  • Importer of Record (This clause applies only if this Contract involves importation of Work into the United States.)

  • Owner of Record The Seller is the owner of record of each Mortgage and the indebtedness evidenced by each Mortgage Note, except for the Assignments of Mortgage which have been sent for recording, and upon recordation the Seller will be the owner of record of each Mortgage and the indebtedness evidenced by each Mortgage Note, and upon the sale of the Mortgage Loans to the Purchaser, the Seller will retain the Mortgage Files with respect thereto in trust only for the purpose of servicing and supervising the servicing of each Mortgage Loan;

  • Holder of Record Each person in whose name any Warrant for shares of Common Stock is issued shall, for all purposes, be deemed to be the Holder of record of such shares on the Date of Exercise of this Warrant, irrespective of the date of delivery of the Common Stock purchased upon the Exercise of this Warrant. Nothing in this Warrant shall be construed as conferring upon Holder any rights as a stockholder of the Company.

  • Clearing of Record Any letter of reprimand, suspension or any other sanction will be removed from the record of an employee eighteen (18) months following the receipt of such letter, suspension or other sanction provided that such employee’s record has been discipline free for one year. All leaves of absence in excess of ten (10) calendar days will not count toward either of the above periods.

  • Transfer of Records In accordance with Sections 2.1 and 3.1, the Receiver assigns, transfers, conveys and delivers to the Assuming Institution, whether located on Bank Premises occupied or not occupied by the Assuming Institution or at any other location, any and all Records of the Failed Bank, other than the following:

  • Review of Records Business Associate agrees to make internal practices, books, and records relating to the use and Disclosure of PHI received from, or created or received by Business Associate on behalf of Covered Entity available to Covered Entity, or at the request of Covered Entity to the Secretary, in a time and manner designated by Covered Entity or the Secretary, for purposes of the Secretary determining Covered Entity’s compliance with the HIPAA Regulations. Business Associate agrees to make copies of its HIPAA training records and HIPAA business associate agreements with agents and subcontractors available to Covered Entity at the request of Covered Entity.

  • Identifying of Records The Servicer shall identify its master data processing records relating to Pool Receivables and related Contracts with a legend that indicates that the Pool Receivables have been pledged in accordance with this Agreement.

  • Marking of Records At its expense, the Seller will xxxx its master data processing records evidencing Pool Receivables and related Contracts with a legend evidencing that Receivable Interests related to such Pool Receivables and related Contracts have been sold in accordance with the Agreement.

  • Notices of Record Date In the event of any taking by the Company of a record of the holders of any class of securities for the purpose of determining the holders thereof who are entitled to receive any dividend (other than a cash dividend which is the same as cash dividends paid in previous quarters) or other distribution, the Company shall mail to the Holder, at least ten (10) days prior to the date specified herein, a notice specifying the date on which any such record is to be taken for the purpose of such dividend or distribution.

  • Return of Records Upon termination of this Agreement, the Consultant shall deliver all records, notes, and data of any nature that are in the Consultant's possession or under the Consultant's control and that are of the Client's property or relate to Client's business.

Time is Money Join Law Insider Premium to draft better contracts faster.