ATRECO definition
Examples of ATRECO in a sentence
In connection therewith, ATAPCO shall deliver to ATRECO for cancellation the share certificate held by it representing ATRECO Common Stock and shall receive new certificates representing the total number of shares of ATRECO Common Stock, reclassified into five series, to be exchanged by ATAPCO in the ATRECO Share Exchange.
ATAPCO, ATRECO and Gateway acknowledge and agree that Schedule 1.1(d) sets forth the Aggregate Valuation as of October 31, 1998.
In the event that New ATAPCO, ATRECO or Gateway employs any of the employees set forth on Schedules 4.2(a)(iv) or 4.2(a)(v), that party agrees to provide reasonable notice to the other parties of its intention to employ such employee and to cooperate with the other parties to provide a reasonable transition period for such employee.
The parties agree that all of ATAPCO's interests in the split dollar insurance Assets and the AFR loan receivable related to such split dollar insurance Assets will be allocated between New ATAPCO and ATRECO in accordance with the terms set forth on Schedule 4.5 and Schedule 1.1(d).
From and after the Effective Time, each of New ATAPCO, ATRECO and Gateway shall have full ownership, and all rights and privileges attendant thereto, to all Assets set forth on Schedule 4.17.
After the Exchange Date, New ATAPCO, ATRECO and Gateway will exercise good faith commercially reasonable efforts to consummate as promptly as practicable all other transactions which must be consummated in order fully to complete the Reorganization and any of the transactions contemplated hereby or by any of the Ancillary Agreements.
Each such certificate shall be for that number of shares of ATRECO Common Stock (of the appropriate series) equal to the number of shares of ATAPCO Common Stock held by the ATRECO Stockholder whose name appears on each stock certificate.
The provisions of this Agreement that assign responsibilities and duties to, and confer rights upon, Baltimore Management shall survive until Baltimore Management has been liquidated or the date on which New ATAPCO, ATRECO and Gateway cease to own in the aggregate among them at least 50% of the equity interests in Baltimore Management (except to the extent that Baltimore Management has assigned such responsibilities and duties to another entity prior to its liquidation).
Any guarantees described in the preceding sentence that can not be so transferred will be retained by New ATAPCO, ATRECO or Gateway, as the case may be.
Baltimore Management will provide New ATAPCO, ATRECO and Gateway with reports on a monthly basis setting forth the disbursements that have been made from the Shared Liability Account.