New World Subsidiary definition
Examples of New World Subsidiary in a sentence
In connection with such purchase and installation, the parties shall enter into a lease agreement (NWRG or a New World Subsidiary as the titled owner and the lessor, as NWRG may elect) containing the terms set forth in this Section 10.8 and such other terms as shall be mutually agreed upon by the parties.
In the event that the entity which has not paid Supplier in accordance with the prior sentence is NWRG, a New World Subsidiary or a New World Franchisee (if any such New World Franchisee after the date hereof becomes an Authorized Recipient with payment responsibility for the Products), the cessation of supply by Supplier, at Supplier’s sole option, may extend to NWRG, all New World Subsidiaries and all New World Franchisees.
Thus, NWRG or a New World Subsidiary, as the case may be, may serve as a vendor only as to Manhattan Bagels sold to MBC or, as to other Products sold to NWRG or such other New World Subsidiaries, if the parties subsequently mutually agree that NWRG or such other New World Subsidiaries may accept payment responsibility, for billing/payment purposes only, with all such other purchasing functions fulfilled by or through distributors (or others) designated by NWRG as Authorized Recipients.
In the event of any inconsistency between this Agreement and any purchase order, confirmation or similar document or instrument of NWRG, any New World Subsidiary or New World Franchisee or the Supplier, this Agreement shall govern.