Examples of Stuart Energy in a sentence
Stuart Energy undertook to repay future royalty payments until such time as CA$17,400 (the “Repayable Loan Amount”) was paid.
The amended agreement required Stuart Energy to commence making royalty payments against the Repayable Loan Amount on the earlier of revenues of Stuart Energy reaching a minimum of CA$90,000 or April 1, 2007.
In accordance with the terms of the agreement, Stuart Energy was required to commence payments to TPC at 0.53% of Stuart Energy’s annual gross business revenues for a period of 12 years or until the Repayable Loan Amount was fully repaid.
Pursuant to an amendment to the TPC Agreement, Stuart Energy received an additional CA$1,410 of funding.
This agreement was amended in 2003 to expand the scope of work and resulted in Stuart Energy receiving a total of CA$5,873 of funding from TPC.
HCo, Stuart Energy and Test Systems shall be responsible for reviewing their respective returns and, if acceptable, filing such returns as required under applicable Laws.
Severance payments made to pre-merger Stuart Energy employees were established by Hydrogenics upon the completion of the acquisition.
These costs were recognized as a liability assumed in the Stuart Energy purchase price allocation, and accordingly, have resulted in an increase to goodwill.
On January 6, 2005, our offer to acquire Stuart Energy was completed and resulted in us acquiring 31,377,339 or 86% of the issued and outstanding shares of Stuart Energy.
Further to the acquisition of Stuart Energy Systems Corporation (“Stuart Energy”) on January 6, 2005, the Corporation recorded $6,615 of restructuring costs in connection with combining the pre-merger Stuart Energy organization, including employee severance, facility consolidation costs and contract termination costs.