Home

Intelligence

Services

Subscriptions

News

About Us

Sign In

 

Document Preview

Product Marketing and Sales Agreement [Amended and Restated]

 

Click "Add to Cart" button to purchase document. 
Documents are emailed immediately after purchase. 
You can also browse documents by
title, category, or company... or click here for help finding documents.

 

Title:

Product Marketing and Sales Agreement [Amended and Restated]

Entities:

Ethyl Corp.; Octel Corp.; Kirkland & Ellis; Alcor Chemie Vertriebs AG

Date:

2002

Size:

Preview shows 6KB of 69KB total

Price:

$49

ID:

#228652

 

 

► Purchase & Sale ► Sales Agreements ► Misc. Sales Agreements
► Commodities
► Commodities ► Chemical Manufacturing
► Services ► Legal

 

 

Start of Preview




AMENDED AND RESTATED
PRODUCT MARKETING AND SALES AGREEMENT

THIS AMENDED AND RESTATED PRODUCT MARKETING AND SALES AGREEMENT (this
"Agreement") is made as of the 13th day of June, 2001, by and between Alcor
Chemie Vertriebs AG, a corporation organized under the laws of Switzerland,
acting on behalf of itself and its Affiliates (individually and collectively,
"Alcor Vertriebs"), Alcor Chemie AG, a corporation organized under the laws of
Switzerland, acting on behalf of itself and its Affiliates (individually and
collectively, "Alcor Chemie"), NOOFOT GmbH, a limited liability company
organized under the laws of Switzerland, acting on behalf of itself and its
Affiliates (individually and collectively, "Noofot") together with Alcor
Vertriebs and Alcor Chemie, "Alcor") and Ethyl Services GmbH, a limited
liability company organized under the laws of Switzerland, acting on behalf of
itself and its Affiliates (collectively, "Ethyl").

WHEREAS, Alcor and Ethyl each desire to amend and restate the terms of
that certain Product Marketing and Sales Agreement, dated as of January 1, 2000,
by and among Alcor Vertriebs, Alcor Chemie and Ethyl (the "Product Marketing and
Sales Agreement"); and to add Noofot as a Party to the Product Marketing and
Sales Agreement.

WHEREAS, governmental authorities in countries around the world have
promulgated laws and regulations which have effectively banned or severely
limited the amount of lead antiknock compounds which can be used in motor fuels
for health, safety and environmental reasons;

WHEREAS, said governmental authorities have continued to take actions
and plan to take additional measures in the future to further reduce or
eliminate the amount of AK currently used in motor fuels;

WHEREAS, because these actions have accelerated the reduction of demand
for AK, the product life of AK has been significantly reduced as a useful
additive in motor fuel;

WHEREAS, as a result of these actions and other factors, it has and
will continue to become increasingly more expensive and inefficient to market
and to sell the ever decreasing amount of AK throughout the world as this
product reaches the end of its life cycle;

WHEREAS, because of these and other factors, Noofot has entered into
that certain Marketing, Supply and Service Agreement with Veritel Chemicals
B.V., a company organized under the laws of The Netherlands ("Veritel"), and
General Innovative Investments N.V., a company organized under the laws of the
Netherlands Antilles ("GII"), as well as that certain Purchase and Sales
Commission Agreement with Veritel such agreement relating to the supply and
provision of services in the marketing and sale of AK under certain terms and
conditions;

WHEREAS, Noofot has agreed to assign to Alcor in its entirety the
Marketing, Supply and Service Agreement, the Purchase and Sales Commission
Agreement, and all other agreements that Noofot has entered into effective as of
June 13, 2001;

WHEREAS, Alcor and Ethyl believe that significant cost savings and
efficiencies and health, safety and environmental benefits can be realized by
entering into this Agreement to

{PAGE}

market and promote the sale and safe distribution of AK in certain areas of
the world as the demand for AK continues to decline;

NOW, THEREFORE, in consideration of the mutual covenants and promises
contained herein, the Parties agree as follows:

1. Definitions
------------

As used in this Agreement, the following terms shall have the following
meanings:

Affiliates of any Person shall mean any entity controlling, controlled
by or under common control with such Person and in addition if such
Person is a Party, any entity which succeeds to that portion of the
business or ownership of the assets of that Party to which this
Agreement pertains.

Agreement shall mean this Amended and Restated Product Marketing and
Sales Agreement.

Agreement Activities shall mean all of the activities performed by the
Parties pursuant to the terms of this Agreement. It is specifically
agreed that the manufacture of Product is not one of the Agreement
Activities.

Agreement Proceeds shall mean the amount determined pursuant to
Schedule B to this Agreement.

Alcor shall mean individually and collectively Alcor Vertriebs and
Alcor Chemie and their respective Affiliates.

Bulk Distribution Agreement shall mean the Agreement for Bulk
Transportation between The Associated Octel Company Limited and Ethyl
Corporation, dated as of March 25, 1994, as amended.

Bulk Distribution Services shall mean the bulk distribution services
provided by Ethyl described in Paragraph 9(a) of this Agreement.

Change of Control shall mean:

(i) the acquisition by an independent third party(ies) of
more than 50 percent of the outstanding voting stock
of Octel Corp, The Associated Octel Company Limited,
OBO Adler Company Limited, Alcor, Noofot, Ethyl
Corporation or Ethyl but excluding the formation of a
new holding company and inter-group reorganizations
so long as there is no change in the ultimate control
of the applicable company listed above; or

(ii) the acquisition by an independent third party(ies) of
substantially all the AK business assets of Octel Corp.,
The Associated Octel Company Limited, OBO Adler Company

 

End of Preview

 

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC