CIBT definition
Examples of CIBT in a sentence
CIBT has full corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder, and no consent or approval of any other Person is required therefor.
The execution and delivery of this Agreement by CIBT, the performance by CIBT of its agreements hereunder and the consummation by CIBT of the transactions contemplated hereby have been duly authorized by all necessary corporate action.
Neither CAG nor CIBT has any current plan or intention to acquire any Remaining Shares (as defined below) other than through the issuance of common shares of CAG as consideration.
The CIBT Shares being issued by CIBT have been duly authorized and when issued upon exercise of the Warrants as herein provided, shall be validly issued in accordance with BC Securities Laws and shall be fully paid and non-assessable.
Notices shall be delivered as follows: If to CIBT or CAG: CIBT Education Group Inc.
Each of CAG and CIBT hereby consents to the taking of all actions necessary to effect the Reorganization and the transactions set forth in this Agreement on the books and records of CAG and CIBT.
CIBT is a corporation duly organized, validly existing and in corporate and tax good standing under the laws of the Province of British Columbia.
Notwithstanding anything to the contrary (including, without limitation, Section 1.1 hereof), the parties acknowledge and agree that CIBT’s obligations under Section 6 of that certain Debenture, dated April 24, 2007, by CIBT School of Business & Technology Corp.
This Agreement constitutes a valid and binding obligation of CIBT, enforceable against CIBT in accordance with its terms.
CIBT shall consider cooperation in other distance education fields and vocational education training.