Agbar definition
Examples of Agbar in a sentence
In the case of a sale of Equity Securities pursuant to a public offering registered under the Act, the Company shall provide Agbar with written notice of such prospective issuance at least 20 days prior to the initial filing of the related registration statement.
In the event that the Company's Projects require capital investment in facilities such as pipelines, water purification facilities, pumps or other facilities, and the Company intends to seek external equity financing for such facilities, it will give Agbar a right of first refusal to provide such financing for such facilities on terms proposed by the Company.
To the extent Agbar is interested in exploring and developing such opportunities, the Company shall provide all reasonable assistance, including appropriate introductions, to Agbar in connection with Agbar's pursuit of such opportunities, provided that such assistance does not unreasonably interfere with the Company's activities in developing its projects involving the wholesale distribution and storage of water.
The Company will provide office space and support for a reasonable number of Agbar employees, upon terms to be mutually agreed upon by the Company and Agbar from time to time, who may be sent to the United States, and will integrate such employees into its activities so that the Agbar employees are trained and become familiarized with the U.S. water market as a result of working at the Company.
The Company will also promptly provide Agbar with any additional information that Agbar may reasonably request with respect to any such project(s).
Agbar may assign its rights to acquire shares of Preferred Stock pursuant to this Section 1 to any of its majority-owned subsidiaries.
Except as otherwise provided in this Section 5, the Company shall not use any of such proceeds to finance any activity of the Company not within the scope of the water-related projects approved by Agbar pursuant to the provisions of Sections 2 and 4 of this Agreement.
Agbar has received (i) the Company's Annual Report on Form 10-K for the year ended March 31, 1998 and the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 1998 and (ii) a copy of the Certificate of Designations of the Company that fixes and determines the rights, preferences, privileges and restrictions relating to the Preferred Stock, and has read and is familiar with the terms and provisions thereof.
The Company and Agbar desire to establish a strategic relationship to facilitate the development of the Company's and Agbar's water-related businesses.
The Company acknowledges that Agbar is interested in, among other things, opportunities involving the retail sale and distribution of water and water treatment projects and that the Company is not interested in such business opportunities.