Examples of Target Member in a sentence
The Surviving Corporation shall pay, within thirty (30) days after any request for advancement, all expenses, including attorneys’ fees, which may be incurred by any Target Member Indemnitee in enforcing this Section or any action involving a Target Member Indemnitee resulting from the transactions contemplated by this Agreement.
No fractional shares shall be issued to the Buyco Shareholders nor the Target Members in connection with the foregoing procedure (after aggregating all fractional entitlements for a particular Buyco Shareholder or Target Member, as applicable) and fractions shall be rounded down to the next nearest whole share.
Unless otherwise required by law, no Target Member has any agreement or other arrangement (binding or otherwise) with any trade union or other body representing its employees or any of them nor does it recognize any trade union or other body representing its employees or any of them for negotiating purposes.
Other than under the Sponsorship Agreements and Disclosed in the Target SEC Filings, no Target Member or Cord Blood Bank is provided or has received any technical support in the conduct of its business from any third party.
Each Target Member and Cord Blood Bank is currently in compliance with all Environmental Laws in all material respects and is in possession of all required environmental Permits.
Each Target Member understands that the Consideration Shares may not be sold, transferred, or otherwise disposed of without registration under the 1933 Act or an exemption there from, and that in the absence of an effective registration statement covering the Consideration Shares or any available exemption from registration under the Securities Act, the Consideration Shares must be held indefinitely.
All components of all material buildings, structures, fixtures and other improvements in, on or within the Real Property and Leased Properties are in reasonably good operating condition and repair for use by the relevant Target Member in its business.
Purchaser may conclusively and absolutely rely, without inquiry, and until the receipt of written notice of a change of the Target Representative under Section 1.3(i)(iii), may continue to rely, without inquiry, upon the action of the Target Representative as the action of each Target Member in all matters referred to in Section 1.3(i).
The issuance and sale of the Notes and Conversion Shares shall not result in a right of any holder of any securities of any Target Member to exercise any preemptive rights, rights of first refusals or other rights, or to adjust the exercise, conversion, exchange or reset price under any of such securities.
There are no circumstances whereby, following a change in the control of any Target Member or in the composition of the board of directors of a Target Member, any of the principal customers of or suppliers to any Target Member would cease to remain customers or suppliers to the same extent and of the same nature as prior to the date hereof.