Examples of SELLER OPTION AGREEMENT in a sentence
The execution and delivery of this Agreement and the Seller Option Agreement and the consummation of the transactions contemplated hereby and thereby have been duly and validly approved by the Board of Directors of the Seller.
The Board of Directors of Seller has directed that this Agreement and the transactions contemplated hereby be submitted to the stockholders of the Seller for approval at a meeting of such stockholders and no other corporate proceedings on the part of Seller are necessary to consummate any of the transactions so contemplated by this Agreement or the Seller Option Agreement.
This Agreement (including the documents and the instruments referred to herein) constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof other than the Seller Option Agreement.
As a condition to, and immediately after the execution of, this Agreement, Acquirer and Seller are entering into the Stock Option Agreement (the "Seller Option Agreement") in substantially the form attached hereto as Exhibit A, pursuant to which Seller will grant Acquirer an option exercisable upon the occurrence of certain events.
As of the date hereof, except for the Seller Option Agreement, there are no outstanding contractual obligations of the Seller to repurchase, redeem or otherwise acquire any shares of capital stock of the Seller or any the Seller subsidiary.
Paragraph 5.5 of Part 5 provides procedures to ensure protection against failure under cyclic loading.
Purchaser has the requisite corporate power and authority and has taken all corporate action necessary in order to execute and deliver this Agreement, the Seller Option Agreement and the Plan of Bank Merger and to consummate the transactions contemplated hereby or thereby.
The execution and delivery of this Agreement, Seller Option Agreement and the Plan of Bank Merger, and, subject to the approval of this Agreement by the stockholders of Seller, the consummation of the transactions contemplated hereby and thereby, have been duly authorized by all necessary corporate actions on the part of Seller and the Association.
In the event of termination of this Agreement and the abandonment of the Merger pursuant to this Article VIII, no party to this Agreement shall have any liability or further obligation to any other party hereunder except (i) as set forth in Sections 8.03 and 9.01, and (ii) that termination will not relieve a breaching party from liability for any willful breach of this Agreement giving rise to such termination; PROVIDED, HOWEVER, that any termination shall not affect the Seller Option Agreement.
On June 29, 2007, TUV received an inquiry from IIBI, a Dominican Republic company, concerning Metro Tech’s ISO 17025 accreditation status.