ANEXCO definition
Examples of ANEXCO in a sentence
The ANEXCO Interest represents all of the interests in ANEXCO owned by or owing to, directly or indirectly, Sterling or its affiliates, and Sterling has not sold, assigned or transferred all or any portion of any interest in ANEXCO to any person or entity.
The execution and performance of this Separation Agreement will not violate the terms of, or operate as a default under, any contract or agreement to which ANEXCO is a party.
ANEXCO has the power to conduct its business as presently conducted and to own and hold the properties used in connection therewith.
The CPA Firm, acting as experts and not as arbitrators, shall review the objections set forth in the Disagreement Notice that have not been resolved by ANEXCO and Sterling (collectively, the "Differences") as well as any responsive statements to the Differences in the Disagreement Notice made by ANEXCO.
In addition, notwithstanding anything to the contrary contained herein or in any of the other AN Agreements, both parties will be entitled, during the Wind up Period, to solicit orders from customers in the Joint Venture Territory (including ANEXCO customers) for delivery of AN after the termination of the AN Agreements.
ANEXCO has taken or will take all necessary and appropriate actions to authorize, execute and deliver this Separation Agreement and to consummate the transactions contemplated hereby.
In the event BP elects not to buy Sterling's interest in ANEXCO, or fails to make an election on or before the date on which the AN Agreements terminate, the parties will * * in the manner set forth in Section 3.7.8 below.
The parties hereto acknowledge and agree that, for purposes of this Section 1.1.2, any funds received by ANEXCO from Customer A from and after the date of this Separation Agreement shall be applied to the outstanding balance due ANEXCO as of the date of this Separation Agreement, irrespective of any allocation of such funds by Customer A or ANEXCO to any other purpose.
Effective as of the Effective Date of this ER Agreement, the ANEXCO JV Agreement is modified as set forth in this Section 4.2.
O&D, BP, ANEXCO and Sterling agree that any agreement or contract to which Sterling, on the one hand, and any of the other parties, on the other hand, is a party and that is related to AN, any raw material for AN and/or the AN Plant which is not specifically mentioned in Section 3.1 or 3.2 above (the "Other AN Agreements") will automatically terminate at Closing, and none of the parties will have any further rights or obligations thereunder.