Examples of IPC Shares in a sentence
The Parties further agree that the Purchase Price shall be allocated for income Tax purposes among the IPC Shares and the assets of FCC Environmental in accordance with the methodology set forth on Schedule 2.7 (the “Allocation”).
The Parties agree that the transfer of the Securities pursuant to the terms of this Agreement shall be treated for federal, state and local income Tax purposes as a sale by Seller and a purchase by Buyer of the IPC Shares and the assets of FCC Environmental, subject to the liabilities of FCC Environmental, in exchange for the Purchase Price (the “Intended Tax Treatment”).
The Validus Amalgamation Offer, the Scheme and the Exchange Offer are alternative methods for Validus to acquire all of the issued and outstanding IPC Shares (not already held by Validus or its subsidiaries) on the same economic terms.
Other than the IPC Shares, there are no (i) shares of capital stock or other equity interests in IPC, (ii) securities of IPC or of any other Person convertible into or exchangeable for any shares of capital stock or other equity interests in IPC or (iii) options or other rights to acquire from IPC, or other obligation of IPC to issue, or which otherwise relate to, any capital stock or other equity interests in IPC.
The Buyer has had access to such financial and other information concerning the Company and the IPC Shares as the Buyer deems necessary in order to make a decision to acquire the IPC Shares, including an opportunity to ask questions of and receive information from the Company.
Buyer desires to purchase from Seller, on the following terms and conditions, the IPC Shares (as defined below) of Information Products Center, Inc., a New Jersey corporation (the "Company" or "IPC"); and Seller desires to sell to Buyer, on the following terms and conditions, the IPC Shares.
Buyer acknowledges that the sale of the IPC Shares hereunder has not been registered or qualified under the Securities Act of 1933, as amended, or under any state securities laws, and that transfer of the IPC Shares by the Buyer will accordingly be restricted.
The certificates representing the IPC Shares will bear a legend to the effect that the IPC Shares may not be transferred except in a transaction registered or qualified under applicable securities laws or in a transaction exempt from such registration or qualification, as evidenced by an opinion of counsel or other evidence satisfactory to the Company and its counsel.
Seller is the record and beneficial owner of the IPC Shares, free and clear of any and all Liens and any other limitations or restrictions (including any restrictions on the right to vote, sell or otherwise dispose of the IPC Shares) and will transfer and deliver to Buyer at the Closing valid title to the IPC Shares free and clear of any and all Liens and such other limitations or restrictions.
All of the IPC Shares have been duly authorized, validly issued and are fully paid and non-assessable.