Syntek definition
Examples of Syntek in a sentence
Syntek Global’s business relationships with its marketing alliances, vendors, suppliers, Company associates or former employees within or outside the corporate workplace are confidential, proprietary, and not to be circumvented by either the Distributor or the vendor.
No individual may have, operate or receive compensation from more than one Syntek Global business.
Syntek's affiliates will vote all of their Units in favor of the election of such non-affiliate and the non-affiliate shall take office as successor general partner on the same terms as set forth for the Syntek Affiliate under this Agreement.
The amendments to the Partnership Agreement shall be approved by Syntek, as general partner, as appropriate.
Syntek and its affiliates, including but not limited to the ART Group, shall not under any circumstances vote their Units in any manner in an action related to the removal of NRGP as general partner for 36 months from the date NRGP takes office, unless such removal is for cause.
If the Syntek Affiliate does not obtain the required vote to be elected, Syntek shall promptly nominate a non-affiliate to be the candidate as successor general partner.
Syntek is responsible for payment of any and all taxes chargeable to it under any applicable law and to make any tax report or filing required under such law when due with respect to any transfer or issuance of shares herein.
Nor shall any delay or omission by Syntek Global to exercise any right arising from a breach affect or impair Syntek Global’s rights as to that or any subsequent breach.
Syntek Global will consider waiving the six month waiting period under exceptional circumstances.
Upon the election and taking of office by the Successor -------------------- General Partner, Syntek shall assign to the Successor General Partner all of Syntek's rights as general partner under the Agreement of Limited Partnership of the Partnership (the "Partnership Agreement").