SMC definition
Examples of SMC in a sentence
At the Closing, upon the terms and subject to the conditions of this Agreement, Buyer and/or SMC, as applicable, will execute and deliver, or cause to be executed and delivered, to Seller (or the appropriate Person), each of the following documents, where the execution or delivery of documents is contemplated, and will take or cause to be taken the following actions, where the taking of actions is contemplated, in each case in form and substance reasonably acceptable to Seller: (i) Escrow Payment.
At the Closing, upon the terms and subject to the conditions of this Agreement, Seller will execute and deliver, or cause to be executed and delivered, to Buyer and SMC, each of the following documents, where the execution or delivery of documents is contemplated, and will take or cause to be taken the following actions, where the taking of actions is contemplated, in each case in form and substance reasonably acceptable to Buyer or SMC, as applicable: (i) W-9.
Seller is acquiring the SMC Common Stock contemplated in this Agreement for its own account as an investment, and not with a view to sell, transfer or otherwise distribute in violation of any securities Laws.
Except as would not, individually or in the aggregate, reasonably be expected to result in a Summit Material Adverse Effect, no member of the Summit Companies is in breach of or default under, and, to the Knowledge of Buyer, there is no event or circumstance that constitutes or, with notice or lapse of time or both would constitute, a breach of or event of default under the terms of any SMC Material Contract.
All corporate action for the authorization, issuance, transfer and delivery of the SMC Common Stock to Seller (or their designee(s)) has been validly taken, and no other authorization by any Person is required therefor.