Verenium Biofuels definition
Examples of Verenium Biofuels in a sentence
Promptly after the Closing Date, Purchaser shall take all actions necessary to change the name of Verenium Biofuels to one that does not include the word “Verenium” and that is sufficiently dissimilar to the Company’s and its Non-Biofuels Subsidiaries present names.
Purchaser and the Company shall jointly elect under § 338(h)(10) of the Code with respect to the purchase of the stock of Verenium Biofuels under this Agreement, on IRS Form 8023 or in such other manner as may be required by the IRS, and shall jointly make an election in the manner required under any analogous provisions of state, local, or foreign law (collectively, the “Section 338 Election”).
Prior to the Closing, Verenium Biofuels shall have transferred to the Company all of the capital stock, membership interests and other equity interests of each BCI Entity.
As of the Effective Date, the Company is the sole member of Verenium Biofuels Texas LLC, a Delaware limited liability company (“Beaumont”).