Assignees or Designees definition
Assignees or Designees. Any one or more of the subsidiaries or affiliates which Barrick controls to which Barrick assigns any or all of its rights and obligations under this Agreement. Control as used herein shall mean not less than 51% ownership of the entity's equity and voting rights (but only if such percentage is adequate to control the day to day operations and elect a majority of the entity's governing body, and if not, such greater percentage necessary to do so).
Examples of Assignees or Designees in a sentence
Seller agrees that Purchaser or its Assignees or Designees shall have an option and right to first refusal to acquire the El ▇▇▇▇▇▇ Assets pursuant to the terms of the agreement attached hereto as Schedule 2.5.