ADMD definition
Examples of ADMD in a sentence
W&RSETA hereby undertakes to fund ……………………………………………… (name of student) for the 2024/25 International Leadership Development Programme (ILDP | ADMD) at an amount of three hundred and ninety two thousand, eight hundred and thirty five Rands (R 392 835,00) which is inclusive of tuition fees and an international immersion leg.
Subject to the terms and conditions of this Agreement, at the Effective Date, as defined below, all NHTI Shares shall be acquired from UTEK by ADMD in accordance with the respective corporation laws of their states and the provisions of this Agreement and the separate corporate existence of NHTI, as a wholly-owned subsidiary of ADMD, shall continue after the closing.
There is no suit, action or any arbitration, administrative, legal or other proceeding of any kind or character, or any governmental investigation pending or, to the best knowledge of ADMD, threatened against ADMD materially affecting its assets or business (financial or otherwise), and ADMD is not in violation of or in default with respect to any judgment, order, decree or other finding of any court or government authority.
The unaudited financial statements of ADMD attached as Exhibit C present fairly its financial position and the results of its operations on the dates and for the periods shown on such statements; provided, however, that interim financial statements are subject to customary year-end adjustments and accruals that, in the aggregate, will not have a material adverse effect on the overall financial condition or results of its operations.
ADMD agrees and warrants that it has the expertise necessary to and has had the opportunity to independently evaluate the inventions of the Licensed Patents and develop same for the market.
It has had an opportunity to ask questions of the officers and directors of ADMD concerning ADMD Shares and the business and financial condition of and prospects for ADMD, and the officers and directors of ADMD have adequately answered all questions asked and made all relevant information available to them.
ADMD agrees that UTEK shall not be liable under this agreement to ADMD or their respective successor's, assigns or affiliates except where damages result directly from the gross negligence or willful misconduct of UTEK or its employees.
A complete and accurate copies of all material agreements, contracts and commitments of the following types, whether written or oral , to which it is a party or is bound (Contracts), has been provided to ADMD.
ADMD is not an investment company, either registered or unregistered.
ADMD has not engaged in any business not reflected in its financial statements.