Examples of BFTC in a sentence
So long as the Trust holds an aggregate Beneficial Ownership interest on a fully diluted basins in KMOC equal to or greater than 10%, KMOC and BFTC shall exercise all authority under applicable law to cause any state of directors presented to the shareholders for election to the KMOC Board to consist of such nominees that if elected, would result in the KMOC Board consisting of one director nominated by the Trust (a "Trust Director").
The BFTC approved the disbursement of $150,000 in funds for the Company's development of software and hardware.
The Participating Seller shall have a period of two days from the date of receipt of such notice to inform BFTC of its intention to participate in such Sale to the extent set forth in its Tag Along Commitment.
Upon arranging a new closing date for the Sale, BFTC shall provide notice, Including all relevant information regarding the Sale required to be included in a Tag Along Notice, to each Participating Seller entitled to sell shares in such Sale.
Except for the waiver by each of BFTC and Holdings of their tag-along rights pursuant to Section 7.1 of the Transfer Agreement and the waiver by BFTC of its right of first refusal pursuant to Section 3.3 of the Waldo Shareholder Agreement, the execution, delivery and performance of this Agreement by the Seller will not require any consent, approval, authorization or other action by, or filing with or notification to, any third party or any governmental or regulatory authority.
Our Common Stock is traded in the "pink sheets" under the symbol BFTC.
If BFTC elects to exercise its rights under this Article IV, a notice (the "Drag Along Notice") shall be furnished by BFTC to the Shareholders, The Drag Along Notice shall set forth the principal terms of the Drag Along Sale, the purchase price, the closing date and the name and address of the Drag Along Purchaser.
The Chairman of the KMOC Board, appointed pursuant to Section 5.3 hereof, shall not be deemed a BFTC Nominee.
At any time during the repayment period, the Company can prepay all of its obligations related to the BFTC note payable by paying the original $150,000 funding, plus the cumulative repayment amount for the year during which the prepayment occurs less all prior repayments.
In the event that the Company does not obtain such subordination agreement within thirty (30) days following the Closing, the Company shall promptly repay all amounts owed to BFTC.