Examples of VTTI Holdings in a sentence
The Partnership hereby grants, contributes and bargains, and shall by means of the execution of a Deed of Transfer convey, assign, transfer, set over and deliver to VTTI Holdings, all right, title and interest in and to the Partnership Contribution Interest and the General Partner Contribution Interest, as a capital contribution.
VTTI Holdings hereby accepts such Partnership Contribution Interest and General Partner Contribution Interest as a contribution to the capital of VTTI Holdings.
VTTI Holdings shall provide, or procure the provision of, the Services as directed by the General Partner.
VTTI Holdings may subcontract the Services or second employees in order to fulfill the Services as it deems advisable or appropriate in accordance with Section 5.10 hereof.
VTTI Holdings, and any subcontractors or secondees, shall perform the Services as independent contractors, and the Parties to this Agreement do not intend, and nothing herein shall be interpreted so as, to create a partnership or joint venture relationship or agency relationship between VTTI Holdings and any one or more of the Partnership, General Partner or any other member of the Partnership Group.
VTTI Holdings and its employees may provide services of a nature similar to the Services to any other Person.
There is no obligation for VTTI Holdings to provide the Services to the Partnership on an exclusive basis.
As per the execution of the Deed of Transfer whereby this contribution is effectuated, (i) VTTI Holdings is admitted as a shareholder of VTTI Operating and agrees that it is bound by the VTTI Operating Charter, (ii) the Partnership ceases to be a shareholder of VTTI Operating, and (iii) VTTI Operating continues without dissolution with VTTI Holdings as a shareholder.
VTTI Holdings may freely subcontract or sublicense this Agreement, so long as VTTI Holdings remains responsible and primarily liable for performance of the Services and its obligations under this Agreement.
VTTI Holdings shall, and shall procure that any person to whom performance of any of the Services is subcontracted shall, keep confidential all information it has acquired or developed in the course of providing the Services.