Examples of MRMI in a sentence
Each of MRMI and the Advisor acknowledges and agrees that there are no oral representations or promises which has induced such party to change its position to its detriment, to partially perform, or to part with value in reliance upon such representation or promise.
MRMI shall not be required to pay any additional consideration for the ongoing advice and assistance to be provided by the Advisor pursuant to Section 1 above.
Catskill and MRMI have executed this Termination as of the Effective Date.
MRMI hereby consents to such disclosure as long as the same, in each instance, is approved in advance and in writing by MRMI.
Each of MRMI and the Advisor agrees that no conflict, omission or ambiguity in this Restated Agreement, nor the interpretation of this Restated Agreement, shall be construed against either party on the basis that such party was responsible for the drafting of this Restated Agreement.
Each of MRMI and the Advisor acknowledges that it received the advice of separate legal counsel in the negotiation of this Restated Agreement, and that the terms of the transactions contemplated by this Restated Agreement are fair and reasonable.
MRMI and the Advisor are parties to a certain Management Services Agreement dated as of June 10, 2009 (the “Original Agreement”).
Without limiting the generality of the foregoing, MRMI and the Advisor agree that such proprietary information shall not be disclosed to any third party other than (i) the New York State Lottery, (ii) any other governmental agency having jurisdiction over the parties’ businesses or the properties, or (iii) as otherwise expressly required by legal requirements applicable to either party hereto.
In consideration for the services previously performed by the Advisor pursuant to the Original Agreement, contemporaneously with the execution and delivery of this Restated Agreement MRMI will pay to the Advisor the fixed sum of (i) Six Hundred and Fifty Thousand Dollars ($650,000.00), plus (ii) the Base Management Fee payable by MRMI to the Advisor under Section 6.01.1 of the Original Agreement for the months of August and September 2009.
Without limiting the generality of the foregoing, in the event that MRMI believes the Advisor to be in breach of its obligation to provide ongoing advice and assistance to MRMI in the manner described in Section 1, MRMI’s only remedy shall be to terminate the Advisor’s engagement to provide such ongoing services prior to the December 31, 2009 expiration date of this Restated Agreement.