Disclosure of Fundraising. The Stockholders shall disclose to TGLN any fund raising activities, which shall occur prior to the Closing. Further, the Stockholders shall assure that all regulations, rules and laws governing such fundraising are complied with and that such funds will only be used in the furtherance of Sterling’s corporate purpose and business plan. Prior written approval of TGLN is required to use funds for any other purposes.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (TBC Global News Network, Inc.), Purchase and Sale Agreement (TBC Global News Network, Inc.)
Disclosure of Fundraising. The Stockholders TGLN shall disclose to TGLN the Stockholders any fund raising activities, which shall occur prior to the Closing. Further, the Stockholders TGLN shall assure that all regulations, rules and laws governing such fundraising are complied with and that such funds will only be used in the furtherance of SterlingTGLN’s corporate purpose and business plan. Prior written approval of TGLN is the Stockholders shall be required to use funds for any other purposes.. ARTICLE SIX: MUTUAL COVENANTS
Appears in 2 contracts
Samples: Purchase and Sale Agreement (TBC Global News Network, Inc.), Purchase and Sale Agreement (TBC Global News Network, Inc.)
Disclosure of Fundraising. The Stockholders shall disclose to TGLN any fund raising activities, which shall occur prior to the Closing. Further, the Stockholders shall assure that all regulations, rules and laws governing such fundraising are complied with and that such funds will only be used in the furtherance of Sterling’s 's corporate purpose and business plan. Prior written approval of TGLN is required to use funds for any other purposes.
Appears in 1 contract
Samples: Purchase and Sale Agreement (TBC Global News Network, Inc.)
Disclosure of Fundraising. The Stockholders TGLN shall disclose to TGLN the Stockholders any fund raising activities, which shall occur prior to the Closing. Further, the Stockholders TGLN shall assure that all regulations, rules and laws governing such fundraising are complied with and that such funds will only be used in the furtherance of Sterling’s TGLN's corporate purpose and business plan. Prior written approval of TGLN is the Stockholders shall be required to use funds for any other purposes.. ARTICLE SIX: MUTUAL COVENANTS
Appears in 1 contract
Samples: Purchase and Sale Agreement (TBC Global News Network, Inc.)