Convedia definition
Examples of Convedia in a sentence
Prior to the closing of the Acquisition, on August 31, 2006, Convedia paid the term loan in full and the holder of the credit facilities release its security interest on Convedia’s assets.
On May 12, 2005, Convedia entered into an agreement with a Canadian subsidiary of a major U.S. bank (the “holder”) for the provision of credit facilities.
The Company and Parent shall cooperate to distribute to the shareholders of the Company any supplement or amendment to the Proxy Statement if any event shall occur or any information be discovered which requires such action at any time prior to the Company Shareholders’ Meeting.
The pro forma adjustments do not reflect any operating efficiencies or additional costs that may result with respect to the combined business of RadiSys and Convedia.
To receive the credit accrued through March 2006, Convedia must remain a Canadian-controlled private company.
According to the terms of the Acquisition Agreement, all outstanding Convedia stock options vested and considered exercised immediately upon closing or September 1, 2006.
On September 1, 2006, RadiSys Corporation (“RadiSys”) completed the acquisition of all of the capital stock of Convedia Corporation (“Convedia”), a privately held corporation incorporated under the laws of Canada, under the terms of the Arrangement Agreement (the “Arrangement Agreement”).
Upon the closing of the Acquisition, Convedia ceased to be a Canadian-controlled private company and, as such, this receivable, in the amount of $322 thousand became uncollectible.
The Seller currently has M6 Products, together with Convedia media servers and Intel single-board computers, installed at Seller’s facilities in Texas, Florida and China (the “Seller M6 Products”).
During fiscal 2002, Convedia recorded the difference between the amount received and the maximum amount repayable of Cdn$470 thousand as a financing cost.