Schlumberger Group definition
Examples of Schlumberger Group in a sentence
Schlumberger Group" has the meaning set forth in the Master Separation and Sale Agreement.
Schlumberger Business" means the businesses of the Schlumberger Group as of the Separation Date, but specifically excluding the NPT Business.
Third Party" means a Person other than any member of the NPT Group or the Schlumberger Group.
Each of Schlumberger and Sedco Forex shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth in this Agreement to be performed by members of the Schlumberger Group or members of the Sedco Forex Group and their Affiliates, respectively, where relevant.
This Agreement may not be assigned by either party (except by operation of law) without the written consent of the other, and shall bind and inure to the benefit of the parties hereto (including each member of the Schlumberger Group and the Sedco Forex Group and each Affiliate of Schlumberger or Sedco Forex) and their respective successors and permitted assignees.
NPT shall then have sixty (60) days with regard to noncompliance by Authorized Dealers and thirty (30) days with regard to noncompliance by NPT or any Subsidiary after receipt of such notice ("Guideline Initial Cure Period") to correct such noncompliance or submit to the Schlumberger Group a written plan to correct such noncompliance which written plan is reasonably acceptable to the Schlumberger Group.
If a member of the NPTest Group receives a Tax refund with respect to Taxes for which a member of the Schlumberger Group is liable hereunder or receives a Tax Benefit for which STC or SBV is entitled to reimbursement hereunder, NPTest shall pay to STC or SBV, within thirty days after the receipt of the Tax refund or Tax Benefit, an amount equal to such Tax refund or Tax Benefit (or lesser amount required by Section 4.3).
The Schlumberger Group makes no warranty or representation that trademark registrations have been or will be applied for, secured or maintained in the Licensed Marks throughout, or anywhere within, the world.
The licenses and rights granted to NPT in Article III by Schlumberger (or other members of the Schlumberger Group) shall remain in effect for a period of two (2) years from the Effective Date unless earlier terminated as provided below.
Nothing in this Article VI shall be deemed to limit NPT's obligations under Section 4.3 above or to preclude the Schlumberger Group from exercising any rights or remedies under Section 4.3 above.