ABSI definition
Examples of ABSI in a sentence
It is understood and agreed by the parties that, prior to the Closing, the Company shall have transferred to another person or entity all of its ownership interest in and to the capital stock of Advanced Broadcast Systems, Inc., a Delaware corporation ("ABSI"), a subsidiary of the Company engaged in a separate video business, and that neither the shares nor any assets of ABSI shall constitute any part of the sale and purchase transaction under this Agreement.
ABS.I -and IPL-went 'A girl and a boy went.' Under the previous analyses of CCA, in head-final languages, CCA is expected to be with the last conjunct.
Buyer and Seller shall have agreed upon the terms of a Contract for Services between Seller and ABSI, which shall be executed by Seller and ABSI prior to or at the Closing.
The unaudited statements of income of the Company for the twelve months ended December 31, 1996 and for the four months ended April 30, 1997 set forth on Schedule B hereof presents fairly the revenues and expenses of the Company for such periods having been properly extracted from the books and records of the Company; provided that it is understood that a good faith allocation of revenues and expenses has been made by the Company between the Company and ABSI.
From and after the Effective Date, Seller shall have no interest whatsoever in the business operations of ABSI, and Buyer agrees to indemnify, defend, indemnify and hold harmless the Seller from any liability with respect thereto.
Buyer, for itself, its affiliates, successors and assigns, hereby agrees that ABSI assumes and agrees to pay or otherwise satisfy the Gunpark Liabilities and is and shall be solely and exclusively liable therefore and agrees to indemnify, defend and hold harmless the Seller from any further liability with respect thereto.
Concurrently with the execution of this Agreement, and for and in consideration of the issuance to Seller of an additional 900 Shares of Common Stock of GAI, Seller shall sell and GAI shall purchase from Seller all of Seller's right, title and interest in and to the ABSI Receivable.
Within thirty (30) days of the Effective Date, HSB will issue to ABSI common stock in HSB in an amount equal to two hundred and fifty thousand Dollars ($250,000) based on the ten (10) day trailing volume weighted-average price (VWAP).
During the Term, within ten (10) days after each Contract Year, HSB will prepare and provide to ABSI a dossier (or update thereto) with respect to the progress of each Product and respond to any reasonable questions that ABSI may have in relation to the same.
HSB shall be permitted to withhold any tax (including income tax, value added tax and surcharge) imposed on the payments from HSB to ABSI under this Agreement where required to do so by Applicable Law.