SPhinX Companies definition
Examples of SPhinX Companies in a sentence
In relation to the sub-clauses i – iv above, the JOLs shall be paid from the Supervisors’ Reserve their reasonable costs and expenses (which shall be consistent with the JOLs’ rates applicable to the liquidations of the SPhinX Companies) following any such request from the Scheme Supervisors.
For the avoidance of doubt (1) the JOLs shall only be required to produce documents or communications between the JOLs and their legal advisers in relation to which the privilege attaching thereto is the privilege of the JOLs personally and is not that of the SPhinX Companies seeking advice through the JOLs; and (2) the JOLs shall be required to produce documents, communications and information only to the extent that the same is available to the JOLs.
Subject to Clauses 15.2.2 and 15.2.4, the Scheme Supervisors shall have the power to manage and control exclusively any Third Party Dispute (and in exercise of this power will act as the agents of the SPhinX Companies).