Investment Center. On December 20, 2001 the Company applied for an approved enterprise status from the Investment Center of the Israeli Ministry of Trade and Industry. Approval was granted on March 24, 2002. On October 19, 2004 the Investment Center approved an extension of the plan until March 23, 2005. On July 27, 2005 the Investment Center approved an extension of the plan until March 23, 2006 Schedule 2.28 List of Insurance Policies Negevtech maintains the following valid insurance policies: Medical Insurance Policy The policy covers the medical insurance of Israeli employees during their stay abroad for short periods and for relocation periods Professional & Product Liability Insurance Policy $5,000,000 Directors & Officers Liability Insurance Policy $5,000,000 Marine Cargo Insurance Policy $5,000,000 Property in business interruption to cover Negevtech Property $1,050,000 - $8,000,000 The coverage is for Negevtech Ltd., for more details please see Xxxxxx'x Hi-Tech Business Insurance Policy Third Party Liability $5,000,000 Employer Liability $9,000,000 Employees' Loyalty $250,000 Electronic Equipment $50,000 - $700,000 Business and Personal Property Insurance Policy Commercial Umbrella and Business & Personal Property Insurance policy $2,500 - $250,000 $5,000,000 The coverage is for Negevtech Inc. and Negevtech Ltd., for more details please See The Hatford's Policy Schedule 3.5 A Venture Capital Fund Poalim Ventures Ltd. Poalim Ventures I Ltd. Poalim Ventures II L.P. SVE Star Ventures Enterprises Gmbh & Co. No. IX KG. Star Management of Investments No. II (2000) L.P. Star Growth Enterprise, a German Civil Law Partnership (with limitation of liability) Genesis Partners II, L.D.C. Genesis Partners II (Israel) L.P. Wellington Partners Ventures III Technology Fund L.P Amadeus III Amadeus III Affiliates Fund LP Schedule 3.5 B Non Israeli Resident Intel Atlantic, Inc. Schedule 4.5 Xxxxx Xxxxx Xxxx Xxxxx-Eldar Xxxxxx X. Xxxxxx* Xxxxxx Xxxxxxxxx (Keroub) Xxxxx Xxxxxxx Xxxxx Xxxxxxxxx Xxxxx Mor* Xxxxx Xxxxxx-Xxxxxx Xxxx Xxxxxxx Xxx Xxxxx Xxxxx Xxxxxx Xxxx Xxxxxxxx Xxxxxx Xxxxx Xxxx Xxxx September 28, 2006 * Also member of the Ref: 739/82 New York State Bar TO: The Investors Listed on Annex A Hereto Dear Sirs:
Investment Center. “Investment Center” shall have the meaning set forth in Section 2.13(b) of the Agreement.
Investment Center. Section 2.6,........................ 11 IRS.............................................................................. Section 2.11(a),.................... 15 ISOs ............................................................................ Section 1.10(a),.................... 5
Investment Center. Approval Promptly after the execution of this Agreement, the Company shall apply for approval of the Transactions from the Investment Center, subject to the prior review and approval of such applications by Parent. 8.3
Investment Center. DHG hereby warrants that it is an “Approved Enterprise” under the Law for Encouragement of Capital Investments, 1959, with respect to the following approved investment plans and corresponding certificate of approval: investment plan no. 99-1506-0-10553, and is in material compliance with the terms and provisions of such plan. As the Buyer is interested in assuming the rights and obligations of DHG under this plan as part of the transactions contemplated under this Agreement, the parties shall cooperate in order to receive any approvals required to be received from the Investment Center of the Israeli Ministry of Trade & Industry (“Investment Center”) for such transfer and assignment, to the extent possible (“Investment Center Approval”). Sellers shall bear all costs and expenses related to the assignment of its Approved Enterprise to the Buyer. Notwithstanding the aforesaid, DS and/or DHG shall be responsible for any breach by them of the terms and conditions of the aforementioned plan, including as a result of the transactions contemplated hereunder. It is hereby clarified that failure to obtain such approval shall not be deemed as a breach of this Agreement by DHG or by any Seller and shall not entitle Buyer to any remedies whatsoever.
Investment Center. “Investment Center” means the Israeli Investment Center of the Israeli Ministry of Trade & Industry.
Investment Center. “Investment Center” means the Investment Center of the Ministry of Economy and Industry established under the Israel Law for the Encouragement of Capital Investments, 1959.
Investment Center. Borrower shall provide Lender with a copy of the approval of the Israeli Investment Center of the Ministry of Industry, Trade and Labor to the transactions contemplated hereby (the “IC Approval”) no later than thirty (30) days from the date hereof.
Investment Center. The Company shall have received the written consent of the Investment Center to the consummation of this Agreement and the transactions contemplated hereby.
Investment Center. The Company shall have received the approval of the Investment Center of the Israeli Ministry of Economy (previously, the Ministry of Industry, Trade & Labor) (the “Investment Center”) for the Acquisition and consequential change of ownership of the Company contemplated hereunder.
