Petro Star definition
Examples of Petro Star in a sentence
In addition, Petro Star and EBC shall each assign a project coordinator (i) to act as a conduit for timely transfer of relevant information and progress reports in connection with the Installation and Operation Plan and (ii) to be responsible for managing its day-to-day efforts under the Installation and Operation Plan.
Petro Star will permit EBC and its licensees and prospective licensees to visit and observe the operation of the BDS Unit during normal working hours and subject to Petro Star's standard conditions for such visits.
All Proprietary Technology jointly developed during the term of this Agreement by EBC and Petro Star ("Joint Proprietary Technology") shall be owned jointly by EBC and Petro Star.
If the parties are unable to settle the matter within *** after their first meeting, then upon the demand of either EBC or Petro Star the matter shall be submitted to binding arbitration with a single arbitrator, who shall be qualified in the subject matter of the dispute.
Nothing in this Article I shall be deemed to grant the Management Committee the authority to direct the actions of either EBC or Petro Star.
Any rights of EBC or Petro Star to payments accrued through termination shall remain in effect following termination.
The execution, delivery and performance of this Agreement have been duly and validly authorized by Petro Star, and upon execution and delivery, this Agreement will constitute a valid and binding agreement of Petro Star.
Petro Star and EBC will commit such personnel to the efforts contemplated by this Agreement as may be necessary or appropriate, as determined by the Management Committee in accordance with the Installation and Operation Plan.
In the event of any allegation of breach or question of interpretation relating to this Agreement, EBC and Petro Star shall meet and negotiate in a good faith effort to settle the matter amicably.
Petro Star and EBC acknowledge that the cooperative efforts contemplated by this Agreement will require the coordination of the respective efforts of and communication between the two companies on an ongoing basis.