Vectrus definition
Examples of Vectrus in a sentence
The Borrower will use the proceeds of the 2022 Incremental Term Loans to fund (i) the payments contemplated to be made under the Vectrus Merger Agreement in connection with the Vectrus Merger, (ii) the Vectrus Refinancing, (iii) the redemption of the Company Preferred Stock (as defined in the Merger Agreement), (iv) fees, expenses and premiums incurred in connection with the foregoing and transactions related thereto and (v) working capital and general corporate purposes.
This Agreement shall be governed by and construed in accordance with the Laws, but not the Laws governing conflicts of Laws (other than Sections 5-1401 and 5-1402 of the New York General Obligations Law), of the State of New York; provided that the Indiana Business Corporation Law, including the provisions thereof governing the fiduciary duties of directors of a Indiana corporation, shall govern, as applicable, the internal affairs of Exelis and Vectrus, as the case may be.
EXELIS has the right to terminate this Agreement, effective upon notice to Vectrus, if Vectrus or its Covered Affiliates commit an intentional material breach of this Agreement that materially ▇▇▇▇▇ the goodwill of the EXELIS Marks and does not cure same within thirty (30) days after notice from EXELIS.
Vectrus and its Covered Affiliates may sublicense the licenses in Section 2.1 without EXELIS’s consent, solely to advertisers, distributors, vendors, dealers, suppliers and other Persons for use in connection with the operation of Vectrus and its Covered Affiliates’ businesses, but not for such Persons’ unrelated use; provided that Vectrus and its Covered Affiliates had authorized or permitted such Persons to use the EXELIS Marks for such purposes prior to the Distribution Date.
The Plan first became effective as of September 27, 2014 following the spin-off of Vectrus, Inc.
Any notice hereunder shall be in English, shall be in writing and shall be given (and shall be deemed to have been duly given upon receipt) by delivery in person, by overnight courier service or by registered or certified mail (postage prepaid, return receipt requested) to the respective Parties at the following addresses (or at such other address for a Party as shall be specified in a notice given in accordance with this Section 6.2): if to Vectrus, to: Chief Legal Officer Vectrus, Inc.
Vectrus shall be liable hereunder for any act or omission by its Covered Affiliates as if committed by Vectrus.
Notwithstanding anything in this Agreement to the contrary, Vectrus and its Covered Affiliates may use the EXELIS Marks at all times after the Distribution Date (i) in a neutral, non-trademark use to describe the history of their business; or (ii) as required or permitted by applicable law.
Vectrus shall be considered a “related company” under Section 5 of the U.S. ▇▇▇▇▇▇ Act, 15 U.S.C. § 1055, such that its use of the EXELIS Marks and the goodwill generated thereby shall inure to the sole benefit of EXELIS.
Vectrus and its Covered Affiliates shall display on their respective websites a mutually-agreed upon disclaimer as to their lack of current affiliation with EXELIS after the Distribution Date for so long as any such website contains an EXELIS ▇▇▇▇.