YNV definition
Examples of YNV in a sentence
Group Company claims16 Contracts with YNV and Sberbank17 Budgets, Business Plans and financial information26 Powers and duties of the Board of Directors30 Board Reserved Matters30 Appointment of Directors31 Replacement and removal of Directors34 Chair35 Director remuneration35 Board meetings35 Committees of Directors37 Management Team.
Sberbank Nominee has subscribed for a stake in the issued share capital of the Company in order to carry on the Business (as defined below) together with YNV for mutual profit on the terms set out in a separate agreement between Sberbank, the Company and YNV executed on 12 December 2017 (the “Subscription Agreement”).
If the Logins of Sberbank, the Logins of the Company, and/or the Logins of such third parties are so used, the Company shall ensure "end-to-end identification" between such Logins and the principal Login of YNV (and/or its Affiliates), or otherwise ensure the link between such Logins and the principal Login of YNV (and/or its Affiliates), which is compatible with, and accounts for, the Login infrastructure of YNV (and/or its Affiliates).
The Parties acknowledge and agree that YNV may refuse "end-to-end identification" or other link between the Login of YNV (and/or its Affiliates) and any other Login (including the Logins of Sberbank) in case such actions require unreasonable development costs or may jeopardize information security of the Yandex Services, in which case the Login infrastructure of YNV (and/or its Affiliates) shall be used in accordance with Clause 5.11.1.
Without prejudice to YNV’s right to claim damages or other compensation, if, at any time prior to Closing, new Sanctions are introduced and remain in effect against Sberbank or the Sberbank Nominee which prohibit YNV or the Company from consummating the Investment, YNV shall be entitled, prior to Closing, by notice in writing to Sberbank (or the Sberbank Nominee as appropriate), to terminate this Agreement (other than the Surviving Clauses).
YNV undertakes to each of Sberbank and the Company that during the Exclusivity Period, and within the Exclusivity Territory YNV shall (and shall procure that its Affiliates shall): Certain information in this document identified by brackets and three asterisks (“[***]”) has been omitted from this exhibit because it both (i) is not material and (ii) would be competitively harmful if disclosed.
Without prejudice to Clause 6.5, YNV shall notify Sberbank (and the Sberbank Nominee, as applicable) as soon as practicable upon becoming aware that any Leakage has occurred or is likely to occur between the Locked Box Date and Closing.
Sberbank warrants to each of YNV and the Company that the statements set out in Schedule 11 are true and accurate as of the date of this Agreement and will be true and accurate at Closing as if they had been repeated at Closing and on the basis that any express or implied reference in any such statement to the date of this Agreement shall be considered a reference to the Closing Date.
On the Closing Date, each of the Company, YNV and Sberbank (or the Sberbank Nominee, as appropriate) shall comply with their respective obligations specified in Schedule 5.
For the avoidance of doubt, the Parties acknowledge that any Sanctions against Sberbank (or Digital Assets) existing and publicly disclosed and in force as of the date of this Agreement would not prohibit YNV and the Company from consummating the Investment.