Avurt definition
Examples of Avurt in a sentence
The Vizer Common Stock and Avurt Common Stock has been validly issued, fully paid and nonassessable.
The execution, delivery and consummation of this Agreement, and all other agreements and documents executed in connection herewith by Vizer and Avurt, have been duly authorized by all necessary action on the part of each Target.
Except as set forth on Schedule 4.1 hereto, neither Vizer nor Avurt owns any capital stock, security, interest or other right, or any option or warrant convertible into the same, of any Person, provided that prior to the Closing, the shareholders of Avurt will contribute all of their Avurt Common Stock to Vizer so that Avurt will be a wholly-owned subsidiary of Vizer at the Closing.
Each of Vizer and Avurt is in good standing and is duly qualified to do business as a foreign corporation in all jurisdictions where the operation of its business or the ownership of its properties make such qualification necessary.
Each of Vizer and Avurt has the requisite right, power and authority to execute, deliver and carry out the terms of this Agreement and all documents and agreements necessary to give effect to the provisions of this Agreement and to consummate the transactions contemplated hereunder.
The Shareholders own all of the Target Common Stock free and clear of Encumbrances in the amounts set forth on Exhibit A attached hereto, provided that prior to the Closing, the shareholders of Avurt will contribute all of their Avurt Common Stock to Vizer so that Avurt will be a wholly-owned subsidiary of Vizer at the Closing.
Each of Vizer and Avurt is a corporation duly incorporated and validly existing under the laws of the State of Colorado.
Vizer owns 100% of the outstanding capital stock of Avurt International, Inc.
In addition, if the Executive terminates this Agreement for good reason, an amount equal to 66.67% of the Executive's pro rata portion of the unearned Earn-Out (as defined in the Plan of Merger dated as of September 3, 2006, by and among the Employer, Vizer Merger Sub, Inc., Vizer Group, Inc., Avurt International, Inc., the Executive, ▇▇▇▇▇ ▇.
Each of Vizer and Avurt has the requisite corporate power and authority to own, lease and operate its facilities and assets as presently owned, leased and operated, and to carry on its respective business as it is now being conducted.