CONSTITUTION AND OPERATION OF THE COMPANY Sample Clauses

CONSTITUTION AND OPERATION OF THE COMPANY. The company EDT - ELECTRONIC DATA TRANSFER is a limited liability company with a registered office at 0 xxxxxx xx Xxxxxxxx, Xxxxxx - 00000, and is filed with the Register of Commerce and Companies of GRENOBLE under number B 352 753 800, as indicated by the K-bis extract attached hereto (ANNEX 1). It validly holds the title of the corporate name EDT-ELECTRONIC DATA TRANSFER, the property of which can not be contested, nor does it infringe the right to principle use by a legal entity, nor the rights of a trademark or trade name holder whatsoever. The Company's business activity is in conformity with those provided for in the Company's bylaws attached hereto (ANNEX 2). The Company's share capital is currently set at 1,000,000F, divided into 10,000 shares of a per value of 100F each, fully paid up. The closing of the Company's fiscal year is on December 31st of each year. The Company is managed by a Board of Directors composed of four members. Xx. Xxxx-Xxxxxxx HIRSCH declares on this date not to be the beneficiary of an employment contract on top of his position as President of the Board of Directors. No Board Member is the beneficiary of an employment contract on top of his/her position at the Board level. The Company's auditors are: - Xx. Xxxxxx XXXXXXX, Principal Auditor, - Mr. Thierry GLENAT, Deputy Auditor, Their term of office expires upon the Annual Shareholders' Meeting to approve the financial statements for the fiscal year ending on December 31, 2001. The minutes of the Board of Directors' and the Shareholders' Meetings and the attendance sheets to such Meetings are in conformity with the current regulations, regularly kept up to date and signed. Since the incorporation of the Company, all formalities of notice resulting from the decisions reached from the very beginning have been followed regularly in accordance with the current regulations.
Sample 1
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Related to CONSTITUTION AND OPERATION OF THE COMPANY

  • Operation of the Company Each Party agrees to take all actions necessary to ensure that the Company shall be operated in accordance with the terms of this Agreement and the other Transaction Agreements, including, without limitation, to vote all Securities held by it (and to cause all Securities held by any of its Affiliates and permitted transferees under Section 13 to be voted) to effect the terms hereof.

  • Formation of the Company The Company was formed as a limited liability company under the Act on April 24, 2008. The Member hereby agrees that the person executing and filing the Certificate of Formation of the Company was and is an “authorized person” within the meaning of the Act, and that the Certificate of Formation filed by such authorized person is the Certificate of Formation of the Company.

  • DURATION OF THE COMPANY The Company shall continue in perpetuity unless terminated sooner by operation of law or by decision of the Member.

  • Organization of the Company The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada.

  • Acquisition of the Company Upon the closing of any Acquisition the successor entity shall assume the obligations of this Warrant, and this Warrant shall be exercisable for the same securities, cash, and property as would be payable for the Shares issuable upon exercise of the unexercised portion of this Warrant as if such Shares were outstanding on the record date for

  • Management and Operation of Business 37 6.1 Management...................................................................................37 6.2 Certificate of Limited Partnership...........................................................38 6.3 Restrictions on General Partner's Authority..................................................38 6.4 Reimbursement of the General Partner.........................................................39 6.5

  • Corporate Organization of the Company (a) The Company has been duly incorporated, is validly existing and in good standing under the Laws of the State of Delaware and has the requisite power and authority to own, lease and operate its assets and properties and to conduct its business as it is now being conducted. The certificate of incorporation and by-laws of the Company previously made available by the Company to Acquiror are true, correct and complete and are in effect as of the date of this Agreement.

  • Dissolution and Termination of the Company (a) The Company shall be dissolved and its business wound up upon the occurrence of any of the following events:

  • Termination of the Company Upon the voluntary termination of the Company upon the consent of the Members, the sale or other transfer of all or substantially all of the Company's assets or any other termination of the Company in accordance with the provisions of this Agreement, the Company shall wind up its affairs and shall then be liquidated as provided in Article 13.

  • Dissolution of the Company The Company shall be dissolved upon the happening of any of the following events, whichever shall first occur:

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