BPZ definition
Examples of BPZ in a sentence
BPZ has all material permits, licenses, orders and approvals of all federal, state, local or foreign governmental or regulatory bodies required for them to conduct their respective business as presently conducted.
There is no agreement with any federal, state or local taxing authority by BPZ that may affect the subsequent tax liabilities of BPZ.
BPZ does not have, maintain or contribute to and never has had, maintained or contributed to, any pension plan, profit sharing plan or employee's savings plan, and neither is otherwise subject to any applicable provisions of the Employee Retirement Income Security Act of 1974 ("ERISA").
All such permits, licenses, orders and approvals are in full force and effect and no suspension or cancellation of any of them is threatened, except as would not reasonably be expected to have a material adverse effect on BPZ, and none of such permits, licenses, orders or approvals will be affected by the consummation of the transactions contemplated by this Agreement.
No approval or authorization of or filing with any governmental authority or any other person or entity on the part of BPZ is required as a condition to the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby other than the filing of any documents contemplated by this Agreement.
In the event of such termination and abandonment, neither Navidec nor BPZ (or any of their respective directors or officers) shall have any liability or further obligations to any other party to this Agreement, except that nothing herein will relieve any party from liability for any willful breach of this Agreement.
Notwithstanding anything in this Agreement to the contrary, if at any Earn-Out Achievement Date the Articles of Incorporation of Navidec have not been amended to accommodate the delivery of the BPZ Earn-Out Shares, the BPZ Earn-Out Shares shall be deemed issued and shall be delivered as soon as necessary corporate action has been taken to amend such Articles of Incorporation to increase the authorized capital as required by Section 8.5 of this Agreement.
At or before Closing, all shares of BPZ Preferred Stock shall convert to BPZ Common Stock.
It is contemplated by the parties to this Agreement that at the effective date of the completion of all transactions contemplated by this Agreement including the finalization of the spin-off of Navidec Financial, effectively Navidec, as of the Closing Date, would have no assets, no liabilities and no effective business other than the businesses of BPZ.
BPZ has permitted, or will permit, Navidec to examine the corporate minute and stock records books of BPZ.