TETRA Contract definition
Examples of TETRA Contract in a sentence
During the Temporary Period, TETRA authorizes Buyer, to the extent permitted by applicable Law and the terms of the TETRA Contract, to perform all the obligations and receive all the benefits of TETRA under the TETRA Contract as they relate to a TETRA Contract Project.
Buyer shall comply with the terms of the applicable TETRA Contract with respect to each TETRA Contract Project and any expansion thereof or new job as permitted herein including all insurance requirements as set forth in the TETRA Contract.
Buyer shall, as agent or subcontractor for TETRA, pay, perform and discharge fully the Liabilities and obligations of TETRA under the TETRA Contract as they relate to a TETRA Contract Project during the Temporary Period.
During the Temporary Period, TETRA shall promptly pay over to Buyer, in respect of each TETRA Contract as it relates to a TETRA Contract Project, all money or other consideration received by TETRA net of any actual and documented direct expenses or contractual obligations incurred by TETRA under the terms of such TETRA Contract.
Each such ongoing project or any project expected to be commenced in the Business within ninety (90) days following the Closing Date pursuant to a TETRA Contract is listed on Schedule 2.5(a) (each project is referred to individually as a “TETRA Contract Project” and collectively as “TETRA Contract Projects”).