Bad Events definition
Bad Events means, collectively, the events described in clauses (i) through (vi) of Section 2(t).
Bad Events. During the past five-year period neither Westech nor any officer or manager of Westech, or any successor entity or subsidiary, or Kapl▇▇ ▇▇▇:
(i) been suspended or expelled from membership in any securities or commodities exchange, association of securities or commodities dealers or investment advisors;
(ii) had a license or registration as a dealer, broker, investment advisor or salesman, futures commission merchant, associated person, commodity pool operator, or commodity trading advisor denied, suspended or revoked;
(iii) been enjoined or restrained by any court or government agency from:
(A) the issuance, sale or offer for sale of securities or commodities;
(B) rendering securities or commodities advice;
(C) handling or managing trading accounts;
(D) continuing any practices in connection with securities or commodities;
(iv) been convicted of any crime (other than minor traffic);
(v) used or been known by any other name;
(vi) been the subject of any professional disciplinary proceeding; or
(vii) been adjudged a bankrupt or made a general assignment for benefit of creditors; or been an officer, director or principal of any entity which was reorganized in bankruptcy, adjudged a bankrupt or made a general assignment for benefit of creditors. All items described in clauses (i) through (vii) above are collectively referred to herein as "Bad Events."
Examples of Bad Events in a sentence
During the past five year period neither TURFCLUB, nor any of its officers or directors, nor any person intended upon consummation of the Merger to be nominated by TURFCLUB to become an officer or director of either TURFCLUB, GLOBAL or IMSCO or any successor entity or subsidiary, has been the subject of any Bad Events.
During the past five year period, no officer or director of Global Mergerco has been the subject of any Bad Events.
During the past five year period, no officer or director of Turfclub Mergerco has been the subject of any Bad Events.