Service Consideration definition
Examples of Service Consideration in a sentence
The Accounting Arbitrator shall act as an expert for the limited purpose of determining the validity and amount of any disputed Service Consideration amount, Advance Payment Delta amount or Property Cost and may not award interest, damages or penalties to any Party with respect to any matter.
TAR shall pay all applicable taxes with respect to the Service Consideration and any other amounts received by TAR as consideration for its performance of the Services.
AGP shall pay to TAR all Service Consideration amounts and any Advance Payment Delta other than those amounts that are the subject of a dispute notice delivered pursuant to this Section 3.7 by AGP in good faith, in accordance with the terms of this Agreement.
Designee is acquiring the Service Consideration Shares for its own account, for investment purposes only, and not with a view to the resale or distribution thereof in violation of the Securities Act.
Except for the Service Consideration and as otherwise expressly agreed in writing by AGP, TAR shall, at its own expense and cost, and at no charge to AGP, furnish all labor, materials, equipment, insurance, supplies, training and/or other goods and services necessary for the performance of TAR’s obligations under this Agreement.
Upon determination by the Parties (or otherwise pursuant to Section 3.7(b)) of the proper amount payable with respect to the disputed Service Consideration, Advance Payment Delta or Property Costs, the owing Party shall promptly (but in any event within five (5) Business Days after the date of determination) pay the owed Party the final agreed amount of such disputed Service Consideration, Advance Payment Delta or Property Cost (or other payment with respect thereto).
No consent, approval, or authorization of, or filing with, any governmental or regulatory authority or third party is required for the execution, delivery, and performance of this Agreement by the Company, other than as may be required under applicable securities laws for the issuance and registration of the Service Consideration Shares.
In return for the Service Consideration provided by STAR, WORLDPORT shall provide the Services as specified in this Agreement.
Additionally, each Monthly Net Revenue Statement shall include TAR’s calculation of the Service Consideration for such month.
Designee acknowledges that the Service Consideration Shares will be subject to restrictive legends and transfer restrictions as set forth in the Agreement and applicable law.