Z2Co definition
Examples of Z2Co in a sentence
For the avoidance of doubt, Zenuity shall not have any obligation to preserve for or disclose to VNE or Z2Co any third party data which would be in conflict with the Information Barrier Protocol.
The Shareholders acknowledge that the Manager and the Controller have not been identified and appointed as at the Effective Date, and agree that the services to be performed by the Manager and the Controller pursuant to this Agreement, pending such appointments, shall be performed by Z2Co in accordance with the instructions set out in Clause 5.3.3, on an at cost basis.
For the purpose of sharing the costs and set out the governance principles applying to the Amsterdam Data Cluster, the Cooperation and Cost Sharing Agreement will be entered into between VNE, Z2Co, Zenuity and VCC.
Agreement shall mean the cooperation and cost sharing agreement related to the Amsterdam Data Cluster, to be entered into between VNE, Z2Co, Zenuity and VCC on the Closing Date, in the agreed form set out in Schedule 1.17.
If such contract is related to Zenuity US or Veoneer and Z2Co or VCC jointly, VNE and Z2Co shall each pay 50% of such earn-out payment.
The Shareholders agree that a director of the Board nominated by VNE shall be the Chairman appointed at the Effective Date and shall be replaced by a Z2Co appointed chairman at the first board meeting held following the second anniversary of the Effective Date.
One valuation expert shall be appointed by VNE and one such expert shall be appointed by Z2Co within ten Business Days calculated from when the matter requiring valuation of Shares arose.
Sections 3.3 shall apply mutatis mutandis to such parent guarantee, provided that if such asset or contract is shared or shall remain with Zenuity, VNE and Z2Co shall by jointly liable on a 50:50 basis.
IP License Agreement shall mean the intellectual property license agreement, including all schedules attached hereto, regarding the licensing of Zenuity Owned IP to Z2Co, to be entered into between Zenuity and Z2Co on the Closing Date, in the agreed form set out in Schedule 1.62.
The Parties shall procure that, as soon as possible after the Closing Date, an extraordinary general meeting of the shareholders of Zenuity is held at which resolutions shall be adopted to distribute the maximum amount of distributable profits of the JV Company legally and financially permitted to be distributed, to each of Z2Co and VNE, on a 50:50 basis.