BDIC definition
Examples of BDIC in a sentence
Nothing in this Agreement shall obligate BDIC to engage in a business transaction with the parties introduced by GI.
All actions taken by the incorporators, directors and/or shareholders of BDIC have been valid and in accordance with the laws of the state of Delaware.
The Purchaser acknowledges that it has sufficient business and financial experience, and knowledge concerning the affairs and conditions of BDIC so that they can make a reasoned decision as to this purchase of the Shares and are capable of evaluating the merits and risks of this purchase.
In states where the Device is approved as a breath alcohol ignition interlock device (“B▇▇▇”), BDIC leases these devices to offenders depending upon the sentence received by such offender.
To the best of knowledge of the Seller, BDIC has complied in all material respects, with, and is not in violation of any, federal, state, or local statute, law, and/or regulation pertaining to its corporate organization and its business.
However, BDIC is not currently in good standing with the State of Delaware as a result of not yet completing its financial statements for the year ended December 31, 2017.
BDIC is not a party to any suit, action, arbitration, or legal administrative, or other proceeding, or pending governmental investigation.
BDIC is not a party to or in default with respect to any order, writ, injunction, or decree of any federal, state, local, or foreign court, department, agency, or instrumentality.
To the best of knowledge of the Sellers, there is no dispute of any kind between BDIC and any third party.
At the time that BDIC sold Shares to the Seller, the Company was entitled to use the exemptions provided by the Securities Act relative to the sale of its securities, including, but not limited to, the Shares.