RECI definition
Examples of RECI in a sentence
Subcontractor ------------- Performance: As set forth in greater detail below, the Prime ----------- Contractor and the Subcontractor intend that the Subcontractor cause the applicable RECI Companies to perform, on a cost-reimbursed basis, all obligations under the Prime Contract.
Raytheon represents and warrants that it is duly authorized and empowered by each of the other Raytheon Parties (other than RECI) to execute and deliver this Agreement on behalf of each such Raytheon Party and that this Agreement constitutes the legal, valid, binding and enforceable obligation of each such Raytheon Party to the same extent as if such Raytheon Party executed and delivered this Agreement on its own behalf.
In the event of any breach of the foregoing representation and warranty, Raytheon and RECI jointly and severally agree to indemnify and hold harmless the WGI Parties from and against any and all liabilities, losses, damages and expenses of every nature and character arising out such breach.
The Disaffiliation Tax Sharing Agreement shall be assumed by WGI and remain the valid obligation of WGI, Raytheon and RECI.
Without limiting the foregoing, since December 31, 1999 to the date of this Agreement, except as set forth on Schedule 5.5, there has been no material -------- --- damage to, or destruction of, or other material adverse change in the physical condition, capacity or operation of, the assets of the RECI Companies taken as a whole, other than such damage, destruction or changes that individually or in the aggregate would not reasonably be expected to have a Material Adverse Effect.
During the performance of the Projects the --------- Subcontractor will and will cause the RECI Subsidiaries to maintain the insurance required under the terms of the Project Agreements consistent with the limits of coverage in place as of the Closing and, with respect to project-specific insurance relating to the Projects, will name the Prime Contractor as a named insured and/or loss payee as their interest may appear.
Raytheon has been duly appointed by -------- -------------- RECI as its agent and attorney-in-fact for all purposes of this Agreement.
Subject to the provisions of Article 3, the Buyer shall prepare (or cause to be prepared) and file (or cause to be filed) on a timely basis any Tax Returns of the RECI Subsidiaries for Income Taxes described in this Section 2.1(b) for applicable Income Tax periods that are due (including all applicable extensions) or that may be filed after the Closing Date.
Promptly following the conclusion of each Interim Ownership Period, the Sellers and the Buyer shall jointly prepare and agree upon an accounting with respect to the net cash transferred by RECI to such Deferred Conveyance Subsidiary or received by RECI from such Deferred Conveyance Subsidiary and shall effect a cash settlement of all amounts due and payable in respect thereof.
RTG is the beneficial owner of all of the issued and outstanding capital stock of the Controlled Purchased Companies on a fully diluted basis (other than Recovery Technology Collection Services, LLC and Prairie Rubber Corporation, where RTG is the beneficial owner of a 95% and 92% equity interest therein, respectively,) and 10% of the outstanding capital stock of RECI on a fully diluted basis.