Examples of Continuing Corporation in a sentence
Without limiting the foregoing, in any case or proceeding in which corporate approval may be required to effectuate any indemnification, the Continuing Corporation or its applicable Subsidiary shall direct, if any Indemnified Party elects, that the determination of permissibility of indemnification shall be made by independent counsel mutually agreed upon between the Continuing Corporation or such Subsidiary and such Indemnified Party.
Any interest or other income resulting from such investments shall be paid to the Continuing Corporation or as directed by the Continuing Corporation.
Without limiting the foregoing, in any case in which corporate approval may be required to effectuate any indemnification, the Continuing Corporation shall direct, if the party to be indemnified elects, that the determination of permissibility of indemnification shall be made by independent counsel mutually agreed upon between the Continuing Corporation and the indemnified party.
After the Effective Date, there shall be no transfers on the stock transfer books of the Company or the Continuing Corporation of the shares of Company Common Stock that were issued and outstanding immediately prior to the Effective Date.
At the Effective Date, the Continuing Corporation shall assume the EVBS Stock Plans; provided that such assumption shall only be with respect to the Assumed Options, and the Continuing Corporation shall have no obligation to make any additional grants or awards under the EVBS Stock Plans.
The NZOC shall wherever practicable consult with the NF, and if relevant, the IF Member, in relation to any matter that affects the Selected Athlete and may involve the NF, the IF Member and/or the International Federation, in any investigations and enquiries, so that the matter can be dealt with in the most effective manner.
Without limiting the generality of the foregoing, from and after the Effective Date, the Continuing Corporation shall possess all rights, privileges, properties, immunities, powers and franchises of StellarOne, and all of the debts, liabilities, obligations, claims, restrictions and duties of StellarOne shall become the debts, liabilities, obligations, claims, restrictions and duties of the Continuing Corporation.
The Continuing Corporation shall be responsible and liable for all the liabilities, obligations and penalties of each of the corporations so merged.
Subject to Section 6.10, at the Effective Time and until thereafter changed in accordance with applicable law and the Organizational Documents of Continuing Corporation, the members of the board of directors of Spirit at the Effective Time shall be the members of the board of directors of Continuing Corporation.
Without limiting the generality of the foregoing, from and after the Effective Time, the Continuing Corporation shall possess all rights, privileges, properties, immunities, powers and franchises of FVCB, and all of the debts, liabilities, obligations, claims, restrictions and duties of FVCB shall become the debts, liabilities, obligations, claims, restrictions and duties of the Continuing Corporation.