On May 12, 2015, IPSCO entered into a services agreement with TMK Premium, pursuant to which IPSCO agreed to perform certain threaded connection testing services, other scientific research and design work objects testing and manufacturing activities for TMK Premium. This agreement terminates on December 31, 2017. We have recorded approximately $0 and $0.4 million in revenues under this agreement for the six months ended June 30, 2017 and the year ended December 31, 2016, respectively.
Additional Compensation. In the event Executive needs to travel for work on behalf of the company for meetings with testing facilities, vendors, sales and marketing partners, investors, or anything else related to the testing, development, marketing, or sale of Companys product or future products, and/or on behalf of the Companys business, Executive will be compensated $650 per day in addition to the $1500 monthly base salary in section 5.1.
Notwithstanding anything to the contrary contained in this Paragraph 5, Buyer shall not and shall not permit its employees, consultants, engineers and agents to conduct any invasive environmental soil test or sampling, boring, digging or any other physical intrusion of the Property and/or the improvements (collectively, “Testing”) without the prior written consent of Seller to be given or withheld in Seller’s sole and absolute discretion. If Seller consents thereto, Buyer shall furnish to Seller property damage and all liability insurance policies in form and amounts set forth herein prior to commencing any such Testing and shall, upon completion thereof, restore promptly, at Buyer’s own cost and expense, the Property to substantially the same condition existing prior to such Testing.
“Financial Covenant Testing Triggering Event” shall mean, the occurrence of Borrowers failing to maintain at least $20,000,000 in PNC IAM Account on any Business Day.
Notwithstanding the foregoing, for purposes of determining the Fixed Charge Coverage Ratio as of any testing date, Fixed Charges shall be reduced by an amount equal to the lesser of # the aggregate amount of Fixed Charges described in sub-clauses (i) and (ii) of [clause (b) above] that are attributable to, paid or scheduled to be paid in respect of Deferred Acquisition Obligations incurred in connection with Permitted Acquisitions, and # the Available Deferred Acquisition Obligation Netting Amount as of such testing date.
-2 For purposes of testing whether this Plan is top-heavy, the present value of an individual’s accrued benefits and an individual’s Account balances is counted only once each year.
the board of directors (or other comparable governing body) of the target shall have duly approved the transaction; # Borrowers shall have delivered to Agent # to the extent # such acquisition is consummated during the period beginning on the date of a Financial Covenant Testing Triggering Event and ending on the date of the corresponding Financial Covenant Testing Satisfaction Event or # the total costs and liabilities (including without limitation, all assumed liabilities, all earn-out payments, deferred payments and the value of any other stock or
Effective for plan years beginning on or after January 1, 2015, the plan administrator shall calculate the actual deferral percentage for the highly compensated employees using the prior year testing method.
The costs of the third-party testing report, as required by ZTEs clients, provided by suppliers directly supplying materials to ZTEs engineering projects shall be borne by such suppliers;
The Consultant shall provide consulting, design, manufacturing, assembly and testing services to the Company with respect to the Company’s machines and business at the remuneration as provided for in this Agreement.
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