SPON definition
Examples of SPON in a sentence
Capacity of operations at JWA are governed by a series of settlement agreements entered into among the following parties: The County of Orange, the City of Newport Beach, the Airport Working Group (AWG), and Stop Polluting Our Newport (SPON).
Adjudicated in 1985, the original Settlement Agreement formalized consensus between the County of Orange, the City of Newport Beach, the Airport Working Group (AWG) and Stop Polluting Our Newport (SPON) on the nature and extent of facility and operational improvements that could be implemented at ▇▇▇▇ ▇▇▇▇▇ Airport (JWA) through 2005.
The MANAGEMENT BOARD shall be responsible for filling any vacancies on the MANAGEMENT BOARD caused by the resignation or termination of a SPON- SOR, whether during the initial MANAGEMENT BOARD terms established pur- suant to Section 2.1(b) or thereafter.
A SPONSOR also cannot exercise its rights under this Section 11.1 with respect to NECESSARY CLAIMS that pertain to LICENSED MATERIALS where any individual acting on the SPONSOR’s behalf con tributed such LICENSED MATERIALS with knowledge that such materials likely would be sub ject to the SPONSOR’s NECESSARY CLAIMS, except when the SPON SOR’s NECESSARY CLAIMS have been declared with specificity required by Section 11.1(a)(ii) by the SPONSOR upon the contribution of such LICENSED MATERIALS.
The SPON- SORS also understand that in certain lines of business they are direct competitors and that it is imperative that they and their representatives act in a manner which does not violate any applicable antitrust or competition laws pertaining to monopolistic or anti-com petitive practices.
Each SPONSOR shall have the same number of votes as there are vacancies on the MANAGE- MENT BOARD, and the candidates receiving the most number of votes shall be selected in order to fill such vacancies, provided that at no time may any SPON- SOR have more than one member on the MANAGEMENT BOARD.
The SPON SORS also understand that in certain lines of business they are direct competitors and that it is imperative that they and their representatives act in a manner which does not violate any applicable antitrust or competition laws pertain ing to monopolistic or anti -competitive practices.
Upon its withdrawal, any fees owed by a withdrawing SPON- SOR prior to such SPONSOR's withdrawal shall become immediately due and payable.