Examples of UIS in a sentence
This Agreement is made solely and specifically among and for the benefit of the parties hereto, and their respective successors and assigns subject to the express provisions hereof relating to successors and assigns, and no other person shall have any rights, interest or claims hereunder or be entitled to any benefits under or on account of this Agreement as a third party beneficiary or otherwise; provided, however, that the provisions of Section 3 hereof shall inure to the benefit of UIS.
Hirel further acknowledges and agrees that Xxxxxxxxxx does not have any "confidential information," as such term is defined under the Employment Agreement, that does or could relate to the UIS business, and accordingly Hirel agrees that it has no cause or causes of action that may be brought against Xxxxxx or Xxxxxxxxxx as a result of the services to be provided by 2M to Xxxxxx under the 2M Consulting Agreement.
GLADSTONE COMMERCIAL LIMITED PARTNERSHIP Stonewater UIS Funding LLC BY: GLADSTONE COMMERCIAL PARTNERS, LLC BY: ___________________________ NAME: ___________________________ BY: GLADSTONE COMMERCIAL CORPORATION TITLE: AUTHORIZED SIGNATORY BY: _______________________ NAME: XXXXXX X.
As Q subs of UIS, the subsidiaries were included in the U.S. Federal and certain state S corporation income tax returns of UIS.
Hirel and Marketing hereby acknowledge and agree that they have no rights with respect to the acquisition of UIS.
On the Closing Date (as defined in the Purchase Agreement) and upon the execution of this Assignment Agreement by the parties hereto, UIS does hereby assign, transfer and convey the Interest (including, without limitation, any and all rights and interests of the member of Airtex, including any right to distributions from Airtex and all interest in the equity of Airtex) to Assignee free and clear of all Encumbrances (as defined in the Purchase Agreement).
It is estimated that this will assist in rapid deployment and calibration of the UIS systems further enhancing the systems operability.
Accordingly, Hirel hereby agrees that it does not have, and shall not have, any cause or causes of action against Xxxxxx, UIS or Xxxxxxxxxx by virtue of any covenants against competition that may have previously been executed by Xxxxxxxxxx with Hirel, or pursuant to the Consulting Agreement.
As such, the income taxes on the earnings of the Predecessor Company were paid by the sole shareholder of UIS pursuant to an election for Federal income tax purposes not to be taxed as a corporation.
Simultaneous with the closing by Xxxxxx with its proposed acquisition of UIS, and in exchange for the agreement by Hirel to modify its Employment Agreement with Xxxxxxxxxx as provided pursuant to Section 3 hereof, Xxxxxx shall pay to Hirel the sum of $80,000, payable by issuance to Hirel of 200,000 shares of the common stock of Xxxxxx, par value .001 ("Xxxxxx Stock").