Washington Entity definition
Examples of Washington Entity in a sentence
Each Washington Entity Owner owns, of record and beneficially, the Washington Entity Stock set forth next to such Company Stockholder’s name in Section 3.03(c) of the Disclosure Schedule, free and clear of all Liens.
Except as set forth in Section 3.09 of the Disclosure Schedule since the organization of each of the Companies and each of the Washington Entities, none of the Companies, nor any Washington Entity has been subject to any Governmental Order, and there is no Governmental Order pending or, to the Company’s Knowledge, threatened against any of the Companies or any Washington Entity.
The WA Interests Consideration Shares shall be allocated among the Washington Entity Owners holding the Licensee Interests as set forth in Section 5.07(a)(iii) of the Disclosure Schedule, or provided to the Washington Entities, as applicable.
No spousal consent is required under applicable Laws to vest Parent with good and valid title to all of the Company Capital Stock, the membership interests in the California Entities and the Iowa Entity or the Washington Entity Capital.
None of the Companies nor any Washington Entity has received notice of any claim that it is a joint employer or co-employer for any third party with which it has contracted for labor during the last three years.
None of the Companies nor any Washington Entity, is in material default under or in material breach of, or in receipt of any written claim of default or breach or any notice of any intention to terminate, any Material Contract.
Each Washington Entity holds a Permit issued by the Washington State Liquor and Cannabis Board that entitles the holder to operate a marijuana retail dispensary in the state of Washington.
The Washington Entity Capital was not issued in violation of the Organizational Documents of the Washington Entities, or any other agreement, arrangement or commitment to which the Washington Entity Owners is a party and are not subject to or in violation of any preemptive or similar rights of any Person.
Other than the Organizational Documents of the Companies and Washington Entities, there are no voting trusts, proxies or other agreements or understandings in effect with respect to the voting or transfer of any of the Company Capital Stock, the Subsidiaries Interests, the membership interests in the California Entities and the Iowa Entity or the Washington Entity Capital.
The Companies and the Washington Entity have disclosed on their federal income Tax Returns all positions taken therein that could give rise to a substantial understatement of federal income Tax within the meaning of Code Section 6662.