Subco definition
Examples of Subco in a sentence
Purchaser shall, in its capacity as the sole stockholder of Subco, approve the Merger as soon as reasonably practicable with the intent that the same shall be completed on or before the date that is 60 days following the date hereof.
Any notice required or permitted to be given hereunder shall be in writing and shall be effectively given if (i) delivered personally, (ii) sent prepaid courier service or (iii) sent by registered or certified mail (return receipt requested) addressed as follows: in the case of notice to Purchaser or Subco: Icanic Brands Company Inc.
Purchaser will take all action necessary to cause Subco to perform its obligations under this Agreement and to consummate the Merger on the terms and conditions set forth in this Agreement.
Purchaser and Subco, as applicable shall deliver or cause to be delivered to the Company, the closing documents as set forth in Section 9.3 in a form satisfactory to the Company, acting reasonably.
Purchaser covenants and agrees that Subco shall not carry on any business, shall not enter into any contracts, agreements, commitments, indentures or other instruments prior to the Closing Date other than as required to effect the Merger and shall be debt free as of the time of the Merger.