Ascent Development Corp Sample Clauses

Ascent Development Corp. Subject to the provisions of Section ----------------------- 11.13 hereof: (i) The authorized capital stock of Ascent Development Corp. consists solely of 1,000 shares of common stock, par value $1.00 per share (the "ADC Shares"), of which 1,000 shares are issued and outstanding. There are no ----------- other outstanding shares of capital stock or other securities or other ownership interests in Ascent Development Corp. (ii) AEG has good title to the ADC Shares, free and clear of all Liens other than those created by this Agreement. AEG is the record and beneficial owner of the ADC Shares. (iii) The ADC Shares have been duly authorized and validly issued, are fully paid and nonassessable, were not issued in violation of the terms of any Contract binding upon Ascent Development Corp. or AEG, and were issued in compliance with all applicable Organizational Documents and Applicable Law.
Sample 1
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Ascent Development Corp. (1) The authorized capital stock of Ascent Development Corp. consists solely of 1,000 shares of common stock, par value $1.00 per share, of which 1,000 shares are issued and outstanding. There are no other outstanding shares of capital stock or other securities or other ownership interests in Ascent Development Corp. (2) AEG has good title to the ADC Shares, free and clear of all Liens other than those created by this Agreement. AEG is the record and beneficial owner of the ADC Shares. (3) The ADC Shares have been duly authorized and validly issued, are fully paid and nonassessable, were not issued in violation of the terms of any Contract binding upon Ascent Development Corp. or AEG, and were issued in compliance with all applicable Organizational Documents and Applicable Law.
Sample 1
Ascent Development Corp has good and marketable title to the Development Property subject only to the Permitted Liens. There are no outstanding rights of first refusal, rights of reverter or options relating to the Development Property or any interest therein other than the Permitted Liens. To the Knowledge of AEG, there are no unrecorded or undisclosed documents or other matters which affect title to the Development Property (other than Permitted Liens). Ascent Development Corp. has not leased or subleased any parcel or any portion of any parcel of the Development Property to any other Person other than pursuant to the Conoco Lease.
Sample 1

Related to Ascent Development Corp

  • Joint Development If joint development is involved, the Recipient agrees to follow the latest edition of FTA Circular 7050.1, “Federal Transit Administration Guidance on Joint Development.”

  • Project Development a. Collaborate with COUNTY and project clients to identify requirements and develop a project Scope Statement. a. Develop a Work Breakdown Structure (WBS) for each project. b. Evaluate Scope Statement to develop a preliminary cost estimate and determinate whether project be vendor bid or be executed under a Job Order Contract (JOC).

  • Independent Development Receiving Party may currently or in the future be developing information internally, or receiving information internally, or receiving information from other parties that may be similar to the Disclosing Party's Confidential Information. Accordingly, nothing in this Agreement will be construed as a representation or inference that Receiving Party will not develop or have developed products or services, that, without violation of this Agreement, might compete with the products or systems contemplated by the Disclosing Party's Confidential Information.

  • Staff Development ‌ The County and the Association agree that the County retains full authority to determine training needs, resources that can be made available, and the method of payment for training authorized by the County. Nothing in this subsection shall preclude the right of an employee to request specific training.

  • Employee Development The Employer may provide employees the opportunity to participate in appropriate seminars, workshops or short courses. When possible and appropriate the Employer will provide to all staff information on seminars, workshops or short courses by posting a notice on the Employer’s internal web site.

  • Business Development Company Buyer is a business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940.

  • Subsequent Developments After the date of this Contract and until the Closing Date, Seller shall use best efforts to keep Buyer fully informed of all subsequent developments of which Seller has knowledge (“Subsequent Developments”) which would cause any of Seller’s representations or warranties contained in this Contract to be no longer accurate in any material respect.

  • Skills Development The Company acknowledges the changing pace of technology in the electrical contracting industry and the need for employees to understand those changes and have the necessary skill requirements to keep the Company at the forefront of the industry. The Parties to this Agreement recognise that in order to increase the efficiency, productivity and competitiveness of the Company, a commitment to training and skill development is required. Accordingly, the parties commit themselves to: i) Developing a more highly skilled and flexible workforce. ii) Providing employees with career opportunities through appropriate training to acquire the additional skills as required by the Company. Taking into account; The current and future skill needs of the Company. The size, structure and nature of the Company. The need to develop vocational skills relevant to the Company and the Electrical Contracting Industry. Where, by agreement between the employee and employer, an employee undertakes training providing skills, which are not a company specific requirement, any time spent in the completion of this training shall be unpaid.

  • Status as Business Development Company The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC.

  • Sustainable Development 4.1 The Authority will review the Contractor’s Sustainable Development Policy Statement and Sustainable Development Plan submitted by the Contractor in accordance with the Schedule (Sustainable Development Requirements) and then at least annually thereafter. 4.2 Sustainable Procurement Risk Assessment Methodology (SPRAM) is a tool used by the Authority to identify and mitigate any potential risks to sustainability in contracts. The process requires that each Contract be assessed for its potential social, economic and environmental risks, throughout the various stages of its lifetime. Where risks are identified, appropriate mitigation action is required to reduce or eliminate the risk to sustainability. The Authority may at times require input from the Contractor in order to ensure that this process is given the required levels of consideration.

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