API Group definition
Examples of API Group in a sentence
API shall, and shall cause the other members of the API Group to, purchase materials and equipment from members of the TDS Group on the same basis as materials and equipment are purchased by members of the TDS Group from other members of the TDS Group.
Except as otherwise provided in this ----------------------- Agreement, each member of the API Group and the APW Group shall be liable for its own Taxes required to be shown in a separate return of such member for any period filed with any Tax Authority.
To the extent that any such expenses are paid by members of the API Group, TDS shall promptly reimburse API therefor.
TDS shall not dispose of any securities of API held by it if the disposition would directly cause any member of the API Group to lose any authorizations or licenses the loss of which would have a material adverse effect on the API Group taken as a whole.
For purposes of this Article III, the term "Information" means any books, records, contracts, instruments, data, facts and other information in the possession or under the control of either the members of the TDS Group or of the API Group necessary or desirable for use in legal, administrative or other proceedings and, in the case of Information to be provided by the API Group to TDS, for auditing, accounting and tax purposes.
The foregoing shall not apply, however, in the case of a member of the API Group that is a partnership if the member of the API Group that is the partner of the partnership does not have the contractual right or power to select the firm of independent public accountants to be engaged by the partnership for the foregoing purposes.
Services provided hereunder to the TDS Group by members of the API Group shall be provided on request of any officer of TDS desiring Services to be provided to the members of the TDS Group.
Without the prior written consent of TDS, API shall not, nor shall API permit any member of the API Group to, sell, merge or transfer assets or property representing more than 15% of the consolidated assets of the API Group as reflected on the most recent consolidated balance sheet of the API Group, unless the other party to the sale, merger or transfer agrees to be subject to the provisions of this Article II and enters into an appropriate agreement to that effect with TDS.
With respect to Services, the parties acknowledge that certain agreements relating to specific services to be provided and the terms of payment therefor have been, and may in the future be, entered into between members of the API Group and members of the TDS Group.
The covenants made in this Agreement are made by the Filtran Principal acknowledging that he has specific knowledge of the affairs of the API Group and that the API Group carries on and intends to carry on business throughout the Restricted Territory.