FENB definition
Examples of FENB in a sentence
True and complete copies of all outstanding Founder Option Grant Agreements for FENB Founder Options issued under FENB Compensation and Benefit Plans have been made available to CUNB.
All FENB Founder Options shall be exercisable in accordance with the terms of the applicable FENB Compensation and Benefit Plan and shall terminate at the Effective Time.
FENB has duly performed in all material respects all of their material obligations thereunder to the extent that such obligations to perform have accrued; and, to its Knowledge, there are no breaches, violations or defaults or allegations or assertions of such by any party thereunder.
Subject to the prior written consent of CUNB, FENB shall purchase the Tail Policy which provides for the Tail Coverage (as these terms are defined in Section 7.13).
CUNB and CUB shall have received a written resignation from each of the directors of FENB, effective as of the Closing Date.
FENB has indicated it is willing to accept the new guaranty by the Purchaser's financing source in substitution and release Pacific Electric from its $10 million guaranty.
Shareholder hereby consents to and approves the actions taken by the board of directors of FENB in approving the Merger and adopting the Merger Agreement and gives any consents or waivers that are reasonably required for the consummation of the Merger under the terms of any agreement to which Shareholder is a party; provided, however, that Shareholder shall not be required by this Section 7 to give any consent or waiver in his or her capacity as a director or officer of FENB.
FENB has never been the subject of any inspection or investigation relating to its compliance with or violation of the Immigration Laws, nor has it been warned, fined or otherwise penalized by reason of any such failure to comply with the Immigration Laws, nor to the Knowledge of FENB is any such proceeding pending or threatened.
FENB shall maintain insurance in such amounts as are reasonable to cover such risks as are customary in relation to the character and location of their properties and the nature of their business.
Any financial statement contained in any such Regulatory Filing, or other filing that is intended to present the financial position of FENB will fairly present the financial position of FENB and will be prepared in accordance with GAAP consistently applied during the periods involved and regulatory accounting principles and other applicable legal and accounting requirements.