USRR definition
Examples of USRR in a sentence
USRR has not terminated any of its key employees prior to Closing.
Except as described on Schedule 4.17, there has not been any material adverse change in the business relationship of USRR with any of its five (5) largest customers or suppliers (in terms of sales or purchases) within the last two (2) years.
Seller has caused USRR to use its best efforts to promote, develop, and preserve its relationships with its vendors, suppliers, employees, customers, and others having business relations with it.
This Agreement shall be binding upon and inure to the benefit of the parties hereto, and their respective successors and assigns, but it shall not be assigned by USRR without the prior written consent of Supplier.
The Fee shall be suspended (but the liability therefore shall continue to accrue), to the extent and during the period that the payment of such compensation would cause USRR to be in violation of any agreement or covenant between USRR and any of its lenders.
Conditioned upon the satisfactory performance of this Agreement as contemplated in paragraphs 1,2,3 and 4 above, DC Investments, Obsidian and USRR hereby release and forever discharge SerVaas and the Trust and SerVaas and the Trust hereby release, and forever discharge Obsidian, USRR and DC Investments from any and all obligations, claims, loss and/or damage arising from the Note, Supply Agreement, Waiver, Stock Pledge, Subordination Agreement and Intercreditor Agreement.
Seller has not allowed USRR to commit to any capital expenditures, nor make any capital expenditures, except for commitments or expenditures within existing operating or capital budgets or otherwise disclosed to Buyer on the Schedules hereto.
An Indemnified Party shall have the right to employ separate counsel in any such action and to participate in the defense thereof, but the fees, charges, and disbursements of such counsel shall be at the expense of such Indemnified Party unless employment of such counsel has been specifically authorized by USRR in writing.
Beurt SerVaas ("SerVaas") joins this Agreement for the purposes of Section IX and 3.12 hereof Seller desires to sell to Buyer, and Buyer desires to purchase from Seller, the USRR Stock (as defined below) according to the terms and conditions of this Agreement.
The principal amount owed to USRR by Seller on the Closing Date shall not exceed the amount set forth in the first sentence of this subsection.