Participation in the Company Sample Clauses

Participation in the Company. The Parties hereby acknowledge and agree that the terms and conditions of the sale, transfer and delivery of the Company Shares to AUL, being a wholly-owned subsidiary of Asiarim as set forth in the Participation Agreement shall be integrally replaced by the following terms and conditions: 1.1 Reunite hereby sells and transfers to AUL and AUL hereby purchases and acquires from Reunite, one hundred eighty (180) shares in the share capital of the Company, representing all outstanding shares in the capital of the Company. 1.2 Van Wijhe hereby sells and transfers to AUL and AUL hereby purchases and acquires from Van Wijhe, the rights on the issuance and delivery of seventy (70) shares in the share capital of the Company. 1.3 Van Os hereby sells and transfers to AUL and AUL hereby purchases and acquires from Van Os, the rights on the issuance and delivery of seventy (70) shares in the share capital of the Company; 1.4 Each of Reunite, Van Wijhe and Van Os hereby warrant and represent to AUL with respect to the respective (rights on) Company Shares held by each of them, that: (i) they have the rights and the (corporate) authorities to sell and transfer the full legal title to and the full beneficial interest in their respective share interest to AUL in accordance with the terms and conditions of this Agreement; (ii) there are no agreements, arrangements or options under which any person may now or at any time call for the sale or transfer of their respective Company Shares and that their respective (rights on the issuance and delivery of the) Company Shares are free from any encumbrance or whatsoever. 1.5 The total purchase price amounts to fifteen million five hundred twenty thousand (15,520,000) shares, par value $0.001, in the capital stock of Asiarim, in respect to this transaction totally valued at one hundred fifty five thousand two hundred (155,200) United States Dollars or $0.01 per share. Eleven million twenty thousand (11,020,000) shares have already been delivered to various parties acknowledged and assigned by Reunite, Van Wijhe and Van Os respectively. The remaining balance of four million five hundred thousand (4,500,000) shares, valued at forty five thousand (45,000) United States Dollars or $0.01 per share, shall be issued and delivered by Asiarim for and on behalf of AUL as follows: (i) One million five hundred thousand (1,500,000) shares shall be issued and delivered by Asiarim to one or more parties to be acknowledged and assigned by Reunite; ...
Sample 1
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Participation in the Company. 1.1. Asiarim and the Company shall procure that (the board of directors of) the Company shall issue and deliver new shares in the share capital of the Company in such a manner that the total outstanding share capital of the Company shall amount to ten thousand (10,000) Hong Kong Dollars, divided in ten thousand (10,000) shares, par value HKD 1. The new shares shall be issued and delivered in such a manner that each of the Parties will hold the following: (i) Five thousand one hundred (5,100) shares, or fifty one percent (51%) of the outstanding shares in the Company, shall be held by Asiarim; (ii) Four thousand nine hundred (4,900) shares, or forty nine percent (49%) of the outstanding shares in the Company, shall be held by Ascenda. 1.2. The above mentioned shares shall be issued and delivered to the Parties on any date within thirty (30) days from the date of this Agreement (hereinafter called: the "Closing Date"). 1.3. Each of the Parties shall pay-in the nominal value of one (1) Hong Kong Dollar per share with respect to the shares to be delivered to them on or before the Closing Date. 2. Participation(s)
Sample 1
Participation in the Company 
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Related to Participation in the Company

  • COOPERATIVE PURCHASING PROGRAM PARTICIPATION Arkansas' Purchasing Law provides that local public procurement units (counties, municipalities, school districts, certain nonprofit corporations, etc.) may participate in state purchasing contracts. The contractor therefore agrees to sell to Cooperative Purchasing Program participants at the option of the program participants. Unless otherwise stated, all standard and special terms and conditions listed within the contract must be equally applied to such participants.

  • Participation in Benefit Plans The Executive shall be eligible to participate in the employee benefit plans and programs maintained by the Company from time to time for its executives, or for its employees generally, including without limitation any life, medical, dental, accidental and disability insurance and profit sharing, pension, retirement, savings, stock option, incentive stock and deferred compensation plans, in accordance with the terms and conditions as in effect from time to time.

  • Non-Participation in Insurance Your initials on this clause of the Agreement acknowledges the Patient’s understanding that neither the CLINIC, nor its Physician, participate in any health insurance or HMO plans or panels and cannot accept Medicare eligible patients. We make no representations that any fees that You pay under this Agreement are covered by your health insurance or other third party payment plans. It is the Patient’s responsibility to determine whether reimbursement is available from a private, non-governmental insurance plan and to submit any required billing. (Initial)

  • No Participation in Management No Limited Partner (other than a General Partner if it has acquired an interest of a Limited Partner) shall take part in the management of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership.

  • Participation in Plans Notwithstanding any other provision of this Agreement, the Executive shall have the right to participate in any and all of the plans or programs made available by the Company (or it subsidiaries, divisions or affiliates) to, or for the benefit of, executives (including the annual stock option and restricted stock grant programs) or employees in general, on a basis consistent with other senior executives.

  • Obligations to the Company During his Employment, the Executive (i) shall devote his full business efforts and time to the Company, (ii) shall not engage in any other employment, consulting or other business activity that would create a conflict of interest with the Company, (iii) shall not assist any person or entity in competing with the Company or in preparing to compete with the Company and (iv) shall comply with the Company’s policies and rules, as they may be in effect from time to time.

  • Financial Participation Prohibited Under Section 2155.004, Texas Government Code (relating to financial participation in preparing solicitations), Contractor certifies that the individual or business entity named in this Contract and any related Solicitation Response is not ineligible to receive this Contract and acknowledges that this Contract may be terminated and payment withheld if this certification is inaccurate.

  • Participation in Future Financing (a) From the date hereof until the date that is the 12 month anniversary of the Effective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

  • Joint Participation The parties hereto participated jointly in the negotiation and preparation of this Release, and each party has had the opportunity to obtain the advice of legal counsel and to review and comment upon the Release. Accordingly, it is agreed that no rule of construction shall apply against any party or in favor of any party. This Release shall be construed as if the parties jointly prepared this Release, and any uncertainty or ambiguity shall not be interpreted against one party and in favor of the other.

  • Successors and Assigns; Participations; Purchasing Lenders (a) This Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Lenders, the Administrative Agent, all future holders of the Notes and their respective successors and assigns, except that the Borrower may not assign or transfer any of its rights or obligations under this Credit Agreement or the other Credit Documents without the prior written consent of each Lender.

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