MSUK definition

MSUK shall have the meaning set forth in the preamble to this Agreement and shall extend to all permitted successors and assigns of such Persons.
View Source
MSUK qualifies as a "Subsidiary" of MSI but since MSUK is currently in liquidation, MSUK will not be considered a "Subsidiary" for purposes of this Agreement.
View Source

Examples of MSUK in a sentence

  • The events constituting the MINI CHALLENGE Trophy will be defined in the approved Motor Sport UK (MSUK) regulations for the MINI CHALLENGE Trophy.

  • The client, nominated team driver, and team members agree to be bound by the Motor Sport UK (MSUK) regulations and those of the MINI CHALLENGE Trophy.

  • MSUK shall use the proceeds of the initial Revolving Advance under the MSUK Sublimit to repay to MSI the Pounds Sterling equivalent of $2,500,000, which amount shall be applied by MSI against the Intercompany Loan and which amount shall then be repaid by MSI to Agent as a reduction of the Revolving Advances.

  • A certificate as to any additional amounts payable pursuant to the foregoing sentence submitted by such Lender to MSI or MSUK shall be conclusive absent manifest error.

  • The client, nominated team driver, and team members agree to be bound by the Motor Sport UK (MSUK) regulations and those of the MINI CHALLENGE.

  • The events constituting the MINI CHALLENGE will be defined in the approved Motor Sport UK (MSUK) regulations for the MINI CHALLENGE.

  • MSI, MSUK and Sensors each hereby waives notice of non-payment of any of the Receivables, demand, presentment, protest and notice thereof with respect to any and all instruments, notice of acceptance hereof, notice of loans or advances made, credit extended, Collateral or Subsidiary Collateral received or delivered, or any other action taken in reliance hereon, and all other demands and notices of any description, except such as are expressly provided for herein.

  • Declare, pay or make any dividend or distribution on any shares of the common stock or preferred stock of MSI (other than dividends or distributions payable in its stock or split-ups or reclassifications of its stock or membership interests) or apply any of its funds, property or assets to the purchase, redemption or other retirement of any common or preferred stock, or of any options to purchase or acquire any such shares of common or preferred stock of MSI, MSUK, Sensors or of any other Obligor.

  • Neither MSI, MSUK nor any other Obligor has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

  • The Lenders acknowledge that, pursuant to such activities, the Agent or its Affiliates may (i) receive information regarding MSI or MSUK (including information that may be subject to confidentiality obligations in favor of MSI or MSUK) and acknowledge that the Agent shall be under no obligation to provide such information to them, and (ii) accept fees and other consideration from MSI or MSUK for services in connection with this Agreement and otherwise without having to account for the same to the Lenders.