ACTI definition
Examples of ACTI in a sentence
ACTI did not as of March 31, 2008 have any debt, liability, or obligation of any nature, whether accrued, absolute, contingent, or otherwise, and whether due or to become due, that is not reflected on Exhibit C.
Each shareholder of ACTI severally and not jointly, represents to UNLTD that he she or it has the right, power, and authority to enter into, and perform his or her obligations under this Agreement, and that all necessary corporate actions needed to transfer shares to UNLTD have been taken.
Exhibit B to this Agreement contains the names and titles of all directors and officers of ACTI.
ACTI is not engaged in any legal action to recover moneys due to ACTI or damages sustained by ACTI.
On the Closing Date, each share of common stock of ACTI then issued and outstanding will be exchanged for fully paid and non-assessable shares of UNLTD and each share of preferred A stock of ACTI then issued and outstanding will be exchanged for fully paid and non-assessable Preferred A shares of UNLTD in accordance with Schedule 1 to this Agreement.
ACTI shall have performed, satisfied, and complied with all covenants, agreements, and conditions required by this Agreement to be performed or complied with by it, on or before the closing.
The acquisition of ACTI shares consequently involves certain risks, which could adversely affect the value of ACTI's shares.
Except as otherwise permitted by this Agreement, all representations and warranties by ACTI in this Agreement or in any written statement that shall be delivered to UNLTD by ACTI under this Agreement shall be true on and as of the Closing Date as though made at those times.
ACTI does not make, nor has it authorized any other person to make, any representation about the future market value of ACTI's shares.
Within the times and in the manner prescribed by law, ACTI has filed all Israeli tax returns required by law and has paid all taxes, assessments, and penalties due and payable.