Operating Companies Sample Clauses

Operating Companies. Operating Companies" are the subsidiaries of the Company.
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Operating Companies. The programs advertised in this brochure are operated by Contiki Holidays (Australia) Pty Ltd and Travel Corporation NZ Limited.
Operating Companies. The shareholdings of the Operating Companies shall not be transferred, pledged, otherwise disposed of to any third party or become subject to any Encumbrance without the prior written consent of TIC;
Operating Companies. Any Operating Company shall be entitled to all the exemptions and privileges accorded to the MEP Participants under this Article 8 and shall have no Profit Tax liability or compliance or filing obligations.
Operating Companies. Pursuant to the Services Agreement, the Operating Companies will be providing the Services to Athena. The Parties acknowledge, however, that AHS Philippines has not been formed as of the Support Agreement Effective Date. Once AHS India forms AHS Philippines, AHS India will cause AHS Philippines to sign an agreement, which contains terms and obligations substantially similar to the terms and obligations of AHS India as set forth in Section 3 of this Agreement.
Operating Companies. Except as otherwise specifically provided in this Article 9, no Exempt Operating Company shall be subject to any Taxes with respect to MEP Activities. For purposes of this Article 9 (including the defined terms used in this Article 9), an Exempt Operating Company will be treated as an Operating Company, and not as a Contractor, with respect to its provision of works or services (including goods or technology provided pursuant to works or services) to the MEP Participants or the Overall Operating Company in connection with MEP Activities.
Operating Companies. 11.3 a. The Manager shall agree to consult regularly, but at least once a month, with the management of Galenica and Confedera regarding the state of affairs within the Corporations and the policy to be carried out regarding the Companies.
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Operating Companies. (a) The General Partner intends to organize and capitalize one or more Operating Companies for the purpose of pursuing investments in Fund Assets. Each Partner who participates in an Operating Company shall be deemed to participate in each Fund Asset held by such Operating Company pro rata based on the portion of the Funded Commitment of such Partner with respect to or that relates to such Operating Company. The General Partner shall in good faith make all determinations as to the amount required to fund an Operating Company and the amount of each Partner’s Funded Commitment attributable to each Fund Asset.
Operating Companies. The AYE Operating Company, the West Virginia Operating Company and the Ohio Operating Company.
Operating Companies. Each Operating Company (a "Contributing Operating Company") agrees (subject to Section 3) that, in the event a payment shall be made by any other Operating Company under the OPNY Guarantee Agreement or assets of any other Operating Company shall be sold pursuant to any Collateral Document to satisfy a claim of any Secured Party and such other Operating Company (the "Claiming Operating Company") shall not have been fully indemnified by the Borrower as provided in Section 1, the Contributing Operating Company shall indemnify the Claiming Operating Company in an amount equal to the amount of such payment or the greater of the book value or the fair market value of such assets, as the case may be, in each case multiplied by a fraction of which the numerator shall be the Adjusted Net Assets (as defined below) of the Contributing Operating Company on the date that such obligation(s) supporting such claim were incurred under the OPNY Guarantee Agreement and the denominator shall be the aggregate net worth of all the Operating Companies on such date. Any Contributing Operating Company making any payment to a Claiming Operating Company pursuant to this Section 2(a) shall be subrogated to the rights of such Claiming Operating Company under Section 1 to the extent of such payment.
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