F-LLC definition
Examples of F-LLC in a sentence
Without in any manner reducing or otherwise mitigating the representations contained herein, FLLC shall have the opportunity to meet with JII's accountants and attorneys to discuss the financial condition of JII.
FLLC represents as to their respective ownership of FLLC Shares, that they are the owner of record and beneficially of all of the shares of capital stock of the Acquisitions all of which shares are free and clear of all rights, claims, liens and encumbrances, and have not been sold, pledged, assigned or otherwise transferred except pursuant to this Agreement.
On the Closing Date, the present officers and directors of JII (and any other persons) shall resign as officers and directors of JII and the directors and officers designated by FLLC shall be elected by JII.
Simultaneously, JII will deliver certificates representing the JII Shares to FLLC.
FLLC has received from JII financial and other information concerning JII and its promoters, officers and directors, including, but not limited to Prospectus dated June 30, 1993, and Annual Report on Form 10K for the year ended December 31, 1997 and 1998, as filed with the Securities and Exchange Commission, and all other documents and information they have requested.
Notwithstanding any right of JII fully to investigate the affairs of FLLC, JII has the right to rely fully upon the representations, warranties, covenants and agreements of FLLC contained in this Agreement or in any document delivered to JII by the latter or any of their representatives in connection with the transactions contemplated by this Agreement.
There are no outstanding subscriptions, rights, options, warrants or other agreements obligating either FLLC to issue, sell or transfer any stock or other securities of the Acquisitions.
Notwithstanding any right of FLLC fully to investigate the affairs of JII, the former shall have the right to rely fully upon the representations, warranties, covenants and agreements of JII contained in this Agreement or in any document delivered by JII or any of its representatives, in connection with the transactions contemplated by this Agreement.
JII and FLLC hereby agree that FLLC shall, on the Closing Date (as hereinafter defined), exchange all of the issued and outstanding shares of capital stock of ADSI, SEDAI and CNI (the "FLLC Shares") and JII shall issue to FLLC an aggregate of Ten Million (10,000,000) Shares of JII's Class A Common Stock (the "JII Shares").
FLLC owns all of the issued and outstanding shares of the capital stock of AFFORDABLE DEALER SERVICES, INC., a Florida corporation ("ADSI"), SOUTHEAST DEALER ACCEPTANCE, INC., a Florida corporation ("SEDAI") and CARNET, INC., a Florida corporation ("CNI").