NIBH definition
Examples of NIBH in a sentence
NIBH shall be entitled by written notice to the company to appoint 5 (five) directors of the company.
NIBH undertake to use their best endeavours to procure the fulfilment of the suspensive condition referred to in clause 12.
It is recorded that NIBH has undertaken to introduce an empowerment company to market asset management services, and will use reasonable efforts to ensure that the relevant assets will be managed by the company in terms of a service level agreement.
NIBH shall be entitled to remove any such directors appointed and to replace any such director who is so removed or who ceases for any reason other than pursuant to clause 4.2 to be a director of the company.
Simultaneously with or as soon as reasonably possible or convenient after signature of this agreement, arrangements shall be concluded between the company and each of TII and NIBH regulating the terms and conditions applicable to the supply of value added services by each of TII and NIBH to the company.
Set out in ANNEXURE C hereto are the categories of services that it is intended will be provided by each of TII and NIBH, it being recorded that the provision of such value added services which will involve skills and knowledge transfer is essential to the success of the merged business.