ACTOIL definition
Examples of ACTOIL in a sentence
This Agreement shall be binding upon and inure solely to the benefit of each Party and such Party’s permitted successors and assigns, and nothing in this Agreement, express or implied, is intended to confer upon any other Person any rights or remedies of any nature whatsoever under or by reason of this Agreement; provided, that ACTOIL shall be an express third party beneficiary of this Agreement for the purposes of Section 7.2(b).
It is understood that HoldCo shall be responsible for any post-IPO accounting with ACTOIL, LLC (“ACTOIL”) in accordance with that certain letter agreement dated November 13, 2013, between OpCo and ACTOIL (the “ACTOIL Letter Agreement”).
As used in this Agreement, the following terms shall have the meanings set forth below: “ACTOIL” shall mean ACTOIL, LLC, a Delaware limited liability company and grantee under the RSP NPI Conveyance.