Reliance on Key Personnel Sample Clauses

Reliance on Key Personnel. Our success depends to a large extent on the efforts of Txx Xxxx, Ip. There is no assurance that she will not voluntarily terminate her employment with ALTB. The loss of any of our key personnel could be detrimental to our ongoing operations. Our success will also depend on our ability to attract and retain qualified personnel in order to manage our existing operations as well as our future growth.
Sample 1
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Reliance on Key Personnel. The operations of the Company will be largely dependent upon the personal efforts of key personnel. There is no guarantee that the Company will be able to identify, attract, motivate, train and retain highly skilled managerial, financial, technical, business development, sales and marketing and other personnel. Competition for these employees is intense.
Sample 1
Reliance on Key Personnel. Lorilei's operations are dependent on the efforts, experience and relationships of Gerald R. Cunningham, Leigh A. Cunningham and Lorilei's other essential staff. Furthermore, Lorilei will likely be dependent on the senior management of any businesses acquired in the future. If any of these individuals become unable to continue in their role Lorilei's business or prospects could be adversely affected. Although Lorilei has entered into an employment agreement with each of Lorilei's executive officers, there can be no assurance that such individuals will continue in their present capacity for any particular period of time. Reliance on FCC Rules. Lorilei utilizes FCC rules mandated by Section 612 of the Communications Act in order to gain access to cable systems. If these rules are repealed or modified by Congress, or in the event the FCC drastically alters its rules on leased access, these events could have a material adverse effect on Lorilei's business, financial condition and results of operations. Control of Existing Management Pursuant to the terms of the reorganization agreement between Lorilei and the Registrant, Lorilei's current management will have the right to elect a majority of the members of its board of directors for the foreseeable future, unless Lorilei fails to attain at least 70% of its EBITDA projections. Such requirement may prevent or delay AmeriNet from taking actions to correct problems with Lorilei's management and such inability may materially impair Lorilei's operations. Item 504. Use of Proceeds Set forth below is Lorilei's anticipated use of the cash available to Lorilei after deduction of estimated remaining offering expenses of $12,500. Pursuant to the Reorganization Agreement, Lorilei would receive $487,500 of net proceeds from this reorganization after deduction of the expenses of the reorganization. The net proceeds of this offering will be used: To pay existing accounts receivable and personal property and real estate taxes.; To repair existing equipment and purchase new equipment To employ additional support staff To pay advertising and marketing costs, and To provide working capital. The amounts and timing of expenditures for each purpose is subject to the broad discretion of the management and will depend on factors such as the amount of net proceeds available to Lorilei and the effects of competition, many of which are beyond Lorilei's control. Accounts Payable and Taxes $198,854.00 Equipment 8,000.00 Salaries 30,646.00 ...
Sample 1
Reliance on Key Personnel. ATC has exclusive responsibility for trading Commodity Interests for the Fund. ATC depends on the services of a limited number of key persons. If they cannot or will not provide those services, it could adversely affect ATC’s ability to trade for the Fund. If this occurs, the Fund and/or the Sponsor may terminate the contract with ATC.
Sample 1
Reliance on Key Personnel. The Company’s success is, and will continue to be, substantially dependent upon the continued services of its current management. The inability or unwillingness of existing management to continue to operate in their respective capacities would materially and adversely affect the Company’s operating results and the ability of the Company to manage its operations.
Sample 1

Related to Reliance on Key Personnel

  • Reliance on Advisors The General Partner may consult with legal counsel, accountants, appraisers, management consultants, investment bankers and other consultants and advisers selected by it, and any act taken or omitted to be taken in reliance upon the opinion of such Persons as to matters which the General Partner reasonably believes to be within such Person’s professional or expert competence shall be conclusively presumed to have been done or omitted in good faith and in accordance with such opinion.

  • Reliance on Information For purposes of its obligations under this Section, the Primary Servicer shall be entitled to rely on the following information to the extent that such information relates to mortgage loans that are not serviced under this Agreement: (i) the final prospectus supplement prepared by the Depositor with respect to the offering of the securities issued by the ABS Issuing Entity and (ii) any reports delivered from time to time by the Master Servicer, the master servicer for the ABS Issuing Entity (if such party is not the Master Servicer), the trustee for the ABS Issuing Entity and/or the paying agent, certificate administrator or other similar party for the ABS Issuing Entity.

  • Reliance on Company Statement Whenever in the performance of its duties under this Warrant Agreement, the Warrant Agent shall deem it necessary or desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved and established by a statement signed by the President or Chairman of the Board of the Company and delivered to the Warrant Agent. The Warrant Agent may rely upon such statement for any action taken or suffered in good faith by it pursuant to the provisions of this Agreement.

  • Reliance on Third Parties The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person, and shall not incur any liability for relying thereon. The Administrative Agent may consult with legal counsel (who may be counsel for any Loan Party), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

  • Reliance on Others The Company confirms that it will rely on its own counsel and accountants for legal and accounting advice.

  • Reliance on Third Party Service Providers Each Party may allow Reporting Financial Institutions to use third party service providers to fulfill the obligations imposed on such Reporting Financial Institutions by a Party, as contemplated in this Agreement, but these obligations shall remain the responsibility of the Reporting Financial Institutions.

  • Reliance on Representations Purchaser understands that the Securities are being offered and sold to it in reliance on specific exemptions from the registration requirements of the federal and state securities laws and that the Company is relying in part upon the truth and accuracy of, and such Purchaser’s compliance with, the representations, warranties, agreements, acknowledgments and understandings of such Purchaser set forth herein in order to determine the availability of such exemptions and the eligibility of such Purchaser to acquire the Securities. Purchaser represents and warrants to the Company that any information that Purchaser has heretofore furnished or furnishes herewith to the Company is complete and accurate, and further represents and warrants that it will notify and supply corrective information to the Company immediately upon the occurrence of any change therein occurring prior to the Company’s issuance of the Securities. Within five (5) days after receipt of a request from the Company, Purchaser will provide such information and deliver such documents as may reasonably be necessary to comply with any and all laws and regulations to which the Company is subject.

  • Reliance on Notices Agent shall be entitled to rely upon, and shall be fully protected in relying upon, any Notice of Revolving Credit Advance, Notice of Conversion/Continuation or similar notice believed by Agent to be genuine. Agent may assume that each Person executing and delivering any notice in accordance herewith was duly authorized, unless the responsible individual acting thereon for Agent has actual knowledge to the contrary.

  • Reliance on Reports Except as expressly provided herein, nothing herein shall be construed to impose an obligation on the part of the Global Agent to recalculate, evaluate or verify any report, certificate or information received by it from the Issuer or to otherwise monitor the activities of the Issuer.

  • Reliance on Counsel The Warrant Agent may consult at any time with legal counsel satisfactory to it (who may be counsel for the Company) and the Warrant Agent shall incur no liability or responsibility to the Company or to any Holder in respect of any action taken, suffered or omitted by it hereunder in good faith and in accordance with the opinion or the advice of such counsel provided that such counsel shall have been selected with due care.

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