AFT Shareholder definition
Examples of AFT Shareholder in a sentence
Each AFT Shareholder understands and agrees that the certificates evidencing the LPME Common Stock shall bear the usual restrictive legend pertaining to Rule 144 under the Securities Act and that the LPME Common Stock will not be transferable except in accordance with applicable rules and regulations of the SEC.
AFT has not made a commitment or agreement (verbally or in writing) to increase the compensation or to modify the conditions or terms of employment of any person listed in Section 3.18 to the AFT Shareholder Disclosure Schedule.
Except as separately identified in Section 3.21 of the AFT Shareholder Disclosure Schedule, no approval or consent of any person is needed so that the interest of AFT in the Intangible Property shall continue to be in full force and effect and enforceable by AFT following the transactions contemplated by this Agreement.
Except as set forth in Section 3.3 to the AFT Shareholder Disclosure Schedule, AFT does not own or hold, directly or indirectly, any equity, debt, or other interest in any entity or business or any option to acquire any such interest.
Except as set forth in Section 3.19 to the AFT Shareholder Disclosure Schedule, there are no employee benefit plans as defined in ERISA (“Plans”) maintained for the benefit of, or covering, any employee, former employee, independent contractor or former independent contractor of AFT, or their dependents or their beneficiaries, or otherwise, now or heretofore contributed to by AFT, and no such Plan is or has ever been subject to ERISA.
Except as set forth in Section 3.24 of the AFT Shareholder Disclosure Schedule, no material government permits, licenses, domain name and other registrations, and other consents and authorizations (federal, state, local and foreign) of any Governmental or Regulatory Body (collectively, “Permits”) are required to be obtained by AFT in connection with its properties or the business of AFT.
The AFT Shareholders will promptly advise LPME in writing from time to time prior to the Closing with respect to any matter hereafter arising and known to them that, if existing or occurring at the date of this Agreement, would have been required to be set forth or described in the AFT Shareholder Disclosure Schedule or would have resulted in any representation of the AFT Shareholders in this Agreement being untrue in any material respect.
Except as set forth in Section 3.22 of the AFT Shareholder Disclosure, AFT is not a party to any agreement with any labor organization, collective bargaining or similar agreement with respect to its employees.
No federal, state, or other regulatory approvals are required to be obtained, nor any regulatory requirements complied with, by AFT or any AFT Shareholder in connection with this Agreement or any action contemplated by this Agreement.