CNGT definition
Examples of CNGT in a sentence
CNGT shall notify Contractor immediately of any claim, demand, or suit that may be presented to it by any party, affording Contractor full opportunity to assume the defense of such claim, demand, or suit, and to protect CNGT and itself under the obligations of this Section.
CNGT shall use its best efforts to complete a $5,000,000 placement of equity securities pursuant to Regulation A of the Securities Act of 1933.
Such insurance policies and certificates must provide that at least thirty (30) days' prior written notice will be mailed to CNGT if the policies are materially changed or canceled and, upon receipt of such notice, CNGT shall have the right to promptly cancel this Contract without waiting for the period provided in Section VII below.
No portion of Cannaworx’s assets shall have been destroyed or damaged or taken by condemnation under circumstances where the loss thereof will not be substantially reimbursed to CNGT through the proceeds of applicable insurance or condemnation award.
CNGT agrees to indemnify, defend and hold AVAILA and Cannaworx harmless from and against any and all Losses (as hereinafter defined) arising out of or resulting from the breach by CNGT of any representation, warranty, covenant or agreement of CNGT contained in this Agreement or the schedules and exhibits hereto.
All presently exercisable voting rights in CNGT are vested exclusively in its outstanding shares of common stock, each share of which is entitled to one vote on every matter to come before its Cannaworx.
AVAILA shall transfer title in and to the Cannaworx Shares to CNGT free and clear of all liens, security, pledges, encumbrances, charges, restrictions, demands, and claims of any kind or nature whatsoever, whether direct or indirect or contingent.
Said policies shall further contain endorsements naming CNGT as an additional insured under said policies and waive the underwriters' rights of subrogation in favor of CNGT, its affiliates, subsidiaries, parent, co-owners, co-lessees and joint venturers.
Upon the establishment of Gansu Hongye, 404 Company and CNGT, a subsidiary of the Company, will hold 60% and 10% equity interests in Gansu Hongye, respectively, and Gansu Hongye will become a subsidiary of 404 Company.
Notwithstanding the foregoing provisions of this Section, no claim for indemnification shall be made by CNGT under this Section unless and until the aggregate amount of all Losses of CNGT in respect thereof shall exceed $5,000.