BV Group definition
Examples of BV Group in a sentence
The Parent and the Seller agree and covenant never to ▇▇▇ or otherwise look to the BV Companies or any other member of the BV Group or any officer, director, employee, consultant or attorney, past or present, of the companies so released, for payment or satisfaction of such released claims, controversies, demands, rights, disputes or causes of action.
The bonus shall consist of four components weighted as follows: 20% shall be based on achievement of BV Group financial results, 30% on achievement of Company financial results, 20% on implementation of specific goals and 30% on Executive achieving personal objectives.
The Agreement provides that, in connection with such sale, the Parent Group shall release all claims that it may have against any member of the BV Group with respect to the Businesses prior to the Closing Date.
Executive shall have such additional duties of an executive nature with respect to other segments of the business of the BV Group in the United States engaged in the same or related fields as Company is engaged in, as well as such other duties of an executive nature, as the Board of Directors of the Company may from time to time assign to Executive.
The BV Companies accepting this Release on behalf of each member of the BV Group are the BV Companies, the Securities of which are, pursuant to the Agreement, being sold and purchased at the Second Closing.
Executive shall render to Company or to any other member of the BV Group designated by it such reports of the activities undertaken by Executive or conducted under Executive’s direction pursuant hereto during the Term as such company may reasonably request.
The BV Companies, for themselves and on behalf of each other member of the BV Group, acknowledges and agrees that, from and after the date hereof, none of the Parent or any other member of the Parent Group shall have any liability, obligation, duty or debt whatsoever to the any member of the BV Group with respect to Intercompany Indebtedness.
The Agreement provides that, in connection with such sale, each of the members of the Parent Group shall release all claims that they may have against any member of the BV Group that constitute Intercompany Indebtedness as of the Second Closing.
The diagrams attached as an annexure to the formalities certificate delivered pursuant to the paragraph 1 of Schedule 2 accurately record respectively the structure of the BV Group, the Cypriot Group, the Indian Group as at the date hereof.
The Borrower carries on no financial or commercial activity other than that of the Holding Company of the BV Group (which includes administrative functions and the supply of services for the other members of the Combined Group or other BV Group (as the case may be)) and it has no material liabilities or commitments (actual, contingent, present or future) other than under the Transaction Documents.