Zaga definition
Examples of Zaga in a sentence
Zaga will provide its help and expertise on all local matters, including, but not limited to, issues associated with locating and constructing the Project in Mexico, complying with any governmental authorities or regulations, and addressing labor issues.
Tepeji del Rio de Ocampo, Hidalgo, Mexico C.P. 42850 Re: Allocation of Selling, General and Administrative Expenses Dear Sirs: Reference is made to that certain Members Agreement dated as of January 5, 2000 between Grupo Industrial Zaga, S.A. de C.V. ("Zaga") and ▇▇▇ River International Ltd.
Zaga shall be entitled to designate three persons to the Board of Managers, and to the extent permitted by applicable law, Zaga shall have the right to cause such managers to be removed.
It is further agreed that the S, G & A expenses of Zaga will be allocated to and paid by Zadar and Danza with respect to any fiscal year of Zaga in an amount equal to 3.5% of Zadar's annual net sales, plus 0.7% of Danza's annual net sales, provided that the total amount of such allocation shall not exceed $1.5 million Dollars.
The amounts owed will be paid to DR and Zaga, as the case may be, as soon as practicable following the end of each of Danza's and Zadar's fiscal quarters, and in any event within 30 Days thereof.
The purpose of this letter agreement (the "Agreement") is to set out the understanding between Zaga and ▇▇▇ River Inc.
Each Member agrees to vote its Capital Interest so as to achieve the results referred to in this Section 4.1. Zaga shall appoint a manager to ----------- serve as chairman of the Board of Managers during the first year, after which control of the chairmanship of the Board of Managers will alternate annually between Zaga and ▇▇▇ River appointed managers.
If Zaga does not duly exercise such right during the applicable period, it shall be deemed to have waived such right.
Contemporaneously with the execution of this Agreement, ▇▇▇ River Inc., the parent company of ▇▇▇ River, and Zaga shall enter into a separate letter agreement for the allocation of certain selling, general and administrative expenses, a copy of which is attached hereto as Exhibit A.
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