Examples of Managing Company in a sentence
Notwithstanding the foregoing, if any Use Agreement is not assigned from DE Progress to DE Carolinas but the railcars that are subject thereto are suitable for use by both Operating Companies then Managing Company will nonetheless manage the scheduling and use of such cars for both Operating Companies as if such Use Agreement had been assigned to DE Carolinas; provided, however, DE Progress will remain responsible for all payments to the applicable lessor pursuant to any Use Agreement not assigned.
If Managing Company sells or otherwise disposes of any Reagent that was in inventory at a Station or was in Third-Party Storage pursuant to an Excluded Contract, then the proceeds of such sale or cost of such disposition, as applicable, will be solely for the account of the Operating Company that owned such Fuel.
If Managing Company sells or EXHIBIT A Attachment 1 otherwise disposes of any Fuel that was in inventory at a Station or was in Third-Party Storage pursuant to an Excluded Contract, then the proceeds of such sale or cost of such disposition, as applicable, will be solely for the account of the Operating Company that owned such Fuel.
If Managing Company sells or otherwise disposes of any Other Consumables that were in inventory at a Station, then the proceeds of such sale or cost of such disposition, as applicable, will be solely for the account of the Operating Company that owned such Other Consumables.
Subject to the purposes of this Agreement as set forth in Section 1.1 and the other provisions hereof, as Managing Company, DE Carolinas has the obligation to choose the source and underlying contractual supply or service arrangements through which it will make delivery of such Assets or provide such Services to DE Progress; provided further, that DE Carolinas will at all times comply with applicable Laws.
The intent of the Parties is that, as of the Effective Date and during the Term of this Agreement, the Managing Company will enter into and manage all new contracts, agreements, and transactions for the Fuels, Reagents, Equipment, Other Consumables, and Services needed by the Operating Companies unless and to the extent the Parties mutually agree otherwise.
Furthermore, Managing Company will manage the scheduling and use of any railcars that are owned (not rented or leased) by each of DE Carolinas and DE Progress in the Common Fleet unless otherwise mutually agreed between the Operating Companies and any such railcars may be used for the transportation needs of either DE Carolinas or DE Progress, without regard to the actual ownership thereof.
The cafeteria employee designated by the Managing Company supervisor to fill in for an absent Cafeteria Manager shall be paid a fee of six dollars ($6.00) per day in addition to his/her regular hourly rate commencing the first day of each occurrence.
ENTRY INTO FORCE This Agreement comes into force from the moment of its signing and is valid for Five (5) years from the date of the decision by the General Meeting of Members to transfer the powers of the sole executive body of the Company to the Managing Company of the Company, and in terms of settlements and reporting to the MANAGING COMPANY on the services rendered, until the Parties completely execute their obligations.
Authorisation is carried out by the Managing Company using software and hardware tools.