ASCRP definition
Examples of ASCRP in a sentence
The execution and delivery of this Agreement by the Company and ASCRP, the performance by the Company and ASCRP of its obligations hereunder and the consummation by the Company and ASCRP of the transactions contemplated hereby have been duly authorized by all requisite action on the part of the Company and ASCRP, as the case may be.
This Agreement has been duly executed and delivered by the Purchaser, and (assuming due authorization, execution and delivery by the Company and ASCRP, as the case may be) this Agreement constitutes a legal, valid and binding obligation of the Purchaser enforceable against the Purchaser in accordance with its terms.
All costs and expenses, including, without limitation, fees and disbursements of counsel, financial advisors and accountants, incurred in connection with this Agreement and the Warrant and the transactions contemplated hereby shall be paid by the party incurring such costs and expenses, except that ASCRP or the Company shall pay the reasonable out-of-pocket expenses of the Purchaser in connection with the transactions contemplated by the Agreement and the Warrant.
The ASCRP Common Stock, if and when issued in accordance with the terms of this Agreement, will be duly authorized, fully paid and non-assessable and free and clear of any lien.
Subject to the terms and conditions set forth herein, the Purchaser agrees to purchase, and the Company (subject to its receipt of the Waiver) and ASCRP agree to issue and sell, the securities described below.
Each of the Company and ASCRP is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization, and each of the Company and ASCRP has all necessary corporate power and authority to enter into this Agreement, to carry out its obligations hereunder and to consummate the transactions contemplated hereby.
This Agreement will be duly executed and delivered by the Company and ASCRP, and (assuming due authorization, execution and delivery by the Purchaser) this Agreement constitutes, a legal, valid and binding obligation of the Company and ASCRP enforceable against each of the Company and ASCRP in accordance with its terms.
The Company or ASCRP (as applicable) shall on the Date of Issuance deliver the securities being issued by it hereunder to the Purchaser.
ASCRP, Heavenly Resort Properties, Heavenly Valley, TSI and Cecil's Market, Inc.
Neither the Company nor ASCRP is in default or violation of any Governmental Order, except for such defaults or violations that would not, individually or in the aggregate, be reasonably expected to result in a Material Adverse Effect.