APAD definition
Examples of APAD in a sentence
The shares of APAD Preferred Stock and Common Stock to be delivered pursuant to this Agreement, when issued in accordance with the provisions of this Agreement, will be duly authorized, validly issued, fully paid and nonassessable.
The current Officers and Directors of APAD shall have submitted their resignations as the Officers and Directors of APAD effective on the Closing of this transaction.
The Board of Directors of APAD has taken all action required to authorize the execution and delivery of this Agreement by or on behalf of APAD, the performance of the obligations of APAD under this Agreement and the consummation by APAD of the transactions contemplated under this Agreement.
No action, suit or proceeding before any court or any governmental body or authority, pertaining to the transaction contemplated by this Agreement or to its consummation, shall have been instituted or threatened against APAD on or before the Closing Date.
Copies of such agreements and contracts and documentation evidencing such liabilities and other obligations have been made available for inspection by APAD and its counsel.
APAD is not a party to any suit, action, arbitration, or legal, administrative, or other proceeding, or governmental investigation pending or, to the best knowledge of APAD, threatened against or affecting APAD or its business, assets, or financial condition.
No other corporate proceedings on the part of APAD are necessary to authorize the execution and delivery of this Agreement by APAD in the performance of its obligations under this Agreement.
APAD has full corporate power and authority to enter into this Agreement and to consummate the transactions contemplated by this Agreement.
The Ministry of Transport, through Agensi Pengangkutan Awam Darat (APAD), will supervise and regulate the project.
Prior to the Closing, APAD and BFFI shall each conduct its business in the normal course, and shall not sell, pledge, or assign any assets, without the prior written approval of the other party, except in the regular course of business or as contemplated in previously disclosed contractual obligations.