JHIL definition
Examples of JHIL in a sentence
Upon completion of each fiscal quarter, the Chief Financial Officer of JHUSA and the Australian Administrator of JHIL shall total any Other Expenses incurred by one entity in connection with providing facilities or services to the other.
Promptly upon presentation to the Australian Administrator of JHIL by the Chief Financial Officer of JHUSA of the invoice for any Employee Expenses or Other Expenses, JHIL shall pay JHUSA the amount of such Employee Expenses or Other Expenses in full.
JHUSA and JHIL have agreed, as evidenced by their execution hereof, that JHIL shall reimburse JHUSA for Employee Expenses and any Other Expenses incurred by JHUSA in accordance with the terms of the Agreement and JHUSA shall reimburse JHIL for any Other Expenses incurred by JHIL in accordance with the terms of the Agreement.
Promptly upon presentation to the Chief Financial Officer of JHUSA by the Australian Administrator of JHIL of any invoice for any Other Expenses, JHUSA shall pay JHIL the amount of such Other Expenses in full.
This Agreement shall continue in effect until ____, provided that this Agreement shall terminate upon the occurrence of any event that causes JHIL to own less than [50%] of the outstanding voting stock of the Company.
Each Officer shall also record any costs or expenses incurred by JHUSA with respect such Officer while performing duties for JHIL.
Each Officer shall keep a record of any time spent working on behalf of JHIL.