AEMEC definition
Examples of AEMEC in a sentence
If AEMEC and MEC are unable to agree on the monthly cash distribution arrangement for any fiscal year, such distributions shall be based on the distribution of the previous year until the parties mutually agree otherwise.
Schedule 2.3 of the Disclosure Schedule lists all lines of business in which AEMEC is participating or is engaged.
MEC acknowledges and agrees that all Confidential Information is confidential to and shall be an remain the sole and exclusive property of AEMEC.
The name of each member, manager and officer of AEMEC on the date hereof, and the position with AEMEC held by each, are listed in Schedule 2.3 of the Disclosure Schedule.
Sellers have prior to the execution of this Agreement delivered to Purchaser true and complete copies of the Articles of Organization and Operating Agreement of AEMEC as in effect on the date hereof.
Neither party shall sell, assign or otherwise transfer any of its interest as specified in this Agreement, without the prior written consent of the other party, except that AEMEC may assign or transfer its interest in AUD in connection with a merger or sale of its capital stock or substantially all of its assets.
AEMEC shall be entitled to reimbursement of one hundred percent (100%) of the direct, incremental costs incurred by AEMEC or any of its affiliates on behalf of AUD, including President Mark ▇▇▇▇▇▇▇▇'▇ ▇▇▇ocation costs and his salary from August 1, 1995 to October 1, 1995 and previously approved by MEC.
The foregoing transfer and assignment shall take place upon a date specified by AEMEC within ninety (90) days of such notice and this Agreement shall thereupon terminate.
AEMEC and MEC shall establish a bank account or accounts in the name of AUD for its operations and fiscal affairs in a bank or banks approved by AEMEC and MEC.
Available cash flow shall take into account reserves for operating shortfalls, as shall be agreed by AEMEC and MEC during the term of the Agreement.