JSES definition
Examples of JSES in a sentence
Basic and Merger Sub hereby agree that neither (i) the execution and delivery of the BEDC Termination Letter by JSES nor (ii) the exercise by JSES of the right to terminate the Incentives Agreement in accordance with the terms of the BEDC Termination Letter (including payment of any amounts due thereunder ), or (iii) any of the effects thereof, has caused or will cause a breach of any representation, warranty or covenant of JetStar made or given pursuant to the Merger Agreement.
JSES and the B▇▇▇▇▇ Economic Development Council (the “BEDC”) are parties to an Incentives Agreement, dated as of February 27, 2006 (the “Incentives Agreement”).
JetStar will pay, or will cause JSES to pay, the costs associated with the termination of the B▇▇▇▇▇ Lease as set forth in the B▇▇▇▇▇ Lease Termination Letter.
Holders are strongly encouraged to forward their voting instructions as soon as possible.
Under the Incentives Agreement, JSES is required to, among other things, maintain and operate a viable oilfield services business in Borger, Texas until at least February 2011.
JetStar hereby agrees to terminate the BEDC Agreement on or prior to the Closing pursuant to the letter agreement between JSES and the BEDC, a copy of which is attached to this Letter Agreement as Exhibit B (the “BEDC Termination Letter”).
JetStar will pay, or will cause JSES to pay, all costs associated with the termination of the Incentives Agreement as set forth in the BEDC Termination Letter.