GBT Business definition
Examples of GBT Business in a sentence
That seniority date will be used for any reference to seniority date or service related benefits.
Every two (2) weeks (or as the Parties so agree), the relevant management lead from the GBT Business and the TLS Business shall meet (by phone) to discuss current and/or prospective sales strategies relating to air, hotel, and car rental Suppliers.
GBT Holdco shall, on behalf and for the benefit of the TLS Business, perform all of the services, obligations and other responsibilities that the GBT Business has performed prior to the Effective Date with respect to the Co-Brand Agreements, in accordance with and pursuant to the terms and conditions of such Co-Brand Agreements as they existed on the Effective Date, to meet the obligations set forth on Exhibit 1 hereto (collectively, the “Existing GBT Obligations”).
Two (2) times per year, on a global basis, a senior leadership representative from the GBT Business and the TLS Business, together with their respective regional management leaders, shall meet (in person or by phone) to allow the Parties to agree upon the list of Strategic Suppliers (both globally and regionally).
In the event that Amex reasonably determines that additional information, updates, reports, or other communications related to the Co-Brand Agreements are necessary, including such information or materials that may not have been otherwise shared between the GBT Business and Amex prior to the Effective Date, the Parties shall use commercially reasonable efforts to agree on the manner and standards relating to such additional reporting.
With respect to each Supplier Agreement, on or prior to each Payment Date, GBT Holdco shall pay Amex an amount equal to the amount that would be owed to Amex according to the allocation methodology set forth in Exhibit IV hereto, which reflects the allocation methodology used by the TLS Business and the GBT Business as of the Effective Date to determine the TLS Business's share of revenue received by the GBT Business under Supplier Agreements.
Subject to Applicable Law and Section 2.04, GBT Holdco shall provide any and all updates and reports, which shall include at a minimum the content and form specified on the report on Schedule III hereto, and otherwise engage in such other formal or informal communications at a minimum in substantially the same manner and on the same standards (including frequency and media) as provided by the GBT Business to Amex in the ordinary course of business preceding the Effective Date.