NEICO definition
Examples of NEICO in a sentence
Each of NEICO and the Company acknowledge and agree that the name "Northwind" is proprietary to Unicom and will not be used by NEICO, the Company or any of their respective affiliates without the consent of Unicom or as permitted by the License Agreement.
This may include a suite of prices or adjustments (loadings) for geography, accommodation type, occupancy (individual or group based) or other factors as appropriate.
NEICO hereby subscribes to purchase twenty five (25) Interests for the purchase price of $5.00 per Interest.
Each of Unicom and NEICO will enter into Service Agreements with the Company after the date of this Agreement containing such terms and provisions as the parties shall negotiate in good faith.
This Agreement shall be effective upon the later of the date that it has been executed by Unicom and NEICO or the rate on which the Nevada Secretary of State issues a certificate that the Articles of Organization have been filed.
NEICO hereby acknowledges that Unicom has indicated that it may desire to transfer up to 24 Interests to an entity which is not a Unicom Affiliate, subject to compliance with the applicable requirements of Article IX hereof.
To the extent any such cure is effected by Gaming, Gaming shall be subrogated to the rights of the Noteholders and/or State Street, as applicable; provided, however, that no such subrogation rights shall be enforceable against Northwind, ETT and/or NEICO until such time as all amounts due to the Noteholders under the Note Purchase Agreement have been indefeasibly paid in full.
Unicom and NEICO hereby further acknowledge and agree that the amounts of equity which they (or either of them) contribute to the Company in satisfaction of their respective obligations under the Equity Contribution Agreements shall be Approved Calls hereunder per se and shall not require any Drawdown Notices or other or further action by the Board of Managers, the General Manager or the Members beyond the provisions of this Section 2.03(a).
While Unicom, any "Unicom Affiliates" (as defined in Section 9.01), NEICO and any "NEICO Affiliates" (as defined in Section 9.01) are the only Members of the Company: (i) the number of Managers on the Board shall be four (4); (ii) the holders of a majority of the Unicom Interests shall appoint three (3) Managers; and (iii) the holders of a majority of the NEICO Interests shall appoint one (1) Manager.