BVCC definition
Examples of BVCC in a sentence
In the event of termination of this Agreement by either BVCC or GLB as provided in Section 8.1, this Agreement shall forthwith become void and have no effect except (i) Sections 6.6(c), 6.8(f) and (g), 8.2 and 9.5 shall survive any termination of this Agreement and (ii) notwithstanding anything to the contrary contained in this Agreement, no party shall be relieved or released from any liability or damages arising out of its willful breach of any of the provisions of this Agreement.
Each of GLB and BVCC shall give prompt notice to the other of any fact, event or circumstance known to it that (i) is reasonably likely, individually or taken together with all other facts, events and circumstances known to it, to result in any Material Adverse Effect with respect to it or (ii) would cause or constitute a material breach of any of its representations, warranties, covenants or agreements contained herein.
BVCC and each of its Subsidiaries have performed in all material respects all the obligations required to be performed by them and are not in default under any contract, agreement, arrangement or commitment relating to any of the foregoing.
Subject to the approval of this Agreement and the Transaction by the holders of not less than a majority of the outstanding shares of BVCC Common Stock (a "BVCC Majority Vote"), this Agreement and the Transaction have been authorized by all necessary corporate action of BVCC and the BVCC Board on or prior to the date hereof.
No Material Adverse Effect shall be existing or shall have occurred and be continuing since the date of this Agreement with respect to BVCC and its Subsidiaries or any of their businesses.
The severance or termination payments that are payable pursuant to such agreements, plans or policies of BVCC are set forth on Schedule 6.11(a)(ii) of the BVCC Disclosure Schedule.
Each employee of BVCC and its Subsidiaries is "at will" and there are, to the knowledge of BVCC, no claims against BVCC and its Subsidiaries by employees or former employees for unpaid wages, wrongful termination, accidental injury or death, sexual harassment or employment discrimination in violation of any Governmental Requirement.
No action has been taken by BVCC or its Subsidiaries that would give rise to any valid claim against any party hereto for a brokerage commission, finder's fee or other like payment with respect to the Transaction, except fees paid or payable as set forth in Schedule 5.3(l) of the BVCC Disclosure Schedule.
The books and records of BVCC and its Subsidiaries have been fully, properly and accurately maintained in material compliance with applicable legal and accounting requirements, and such books and records accurately reflect in all material respects all dealings and transactions in respect of the business, assets, liabilities and affairs of BVCC and its Subsidiaries.
To the knowledge of BVCC, all the Insurance Policies are in full force and effect.