Skip Sub definition
Examples of Skip Sub in a sentence
The Members hereby establish a management committee (the “Management Committee”) consisting of three representatives (“Representatives”), of which (i) two Representatives shall be appointed by Skip Sub, and (ii) one Representative shall be appointed by CORE Alaska, which Representative must be a United States tax resident.
Gross income (calculated after deduction of cost of goods sold) attributable to sales of Skip Sub Products shall be allocated to Skip Sub, Inc.
The Representatives appointed by Skip Sub shall vote as a group, and the Representatives appointed by CORE Alaska shall vote as a group.
In the event that Skip Sub or CORE Alaska shall fail to pay any amount payable under this Section 4.13, the intended recipient of such payment shall be entitled to either enforce the payment against the defaulting party in the same manner as a Member or the Company may enforce the failure to make a payment of a capital contribution against a Delinquent Member under Section 3.5, or make a request to the Manager under Section 7.3(f).