FNTT definition
Examples of FNTT in a sentence
Prior to the Closing Date, there shall not have occurred any material adverse change in the financial condition, business or operations of nor shall any event have occurred which, with the lapse of time or the giving of notice, may cause or create any material adverse change in the financial condition, business or operations of FNTT.
FNTT did not have as of the date of any of such FNTT balance sheets, any liabilities or obligations (absolute or contingent) which should be reflected in a balance sheet or the notes thereto prepared in accordance with generally accepted accounting principles, and all assets reflected therein are properly reported and present fairly the value of the assets of FNTT, in accordance with generally accepted accounting principles.
At the Closing, in return for the FNTT SHARES to be issued under Section 1.2, FNTT shall acquire from OCEANO all of its issued and outstanding shares of capital stock consisting of 1,000 shares of ordinary stock, par value €1.00 per share (the “OCEANO SHARES”) from the SHAREHOLDERS.
It is specifically acknowledged by FNTT that it has no licenses, permits or other governmental authorizations relevant to its business.
This contract is solely among VOSS and FNTT and, except as specifically provided, no director, office▇, ▇tockholder, employee, agent, independent contractor or any other person or entity shall be deemed to be a third party beneficiary of this Agreement.
To the best of FNTT’s knowledge, FNTT has complied with, and is not in violation of, applicable federal, state or local statutes, laws and regulations, including federal and state securities laws, except where such non-compliance would not have a material adverse impact upon its business or properties.
To the best of FNTT's knowledge and belief, FNTT has complied with all applicable statutes and regulations of any federal, state or other governmental entity or agency thereof, except to the extent that noncompliance would not materially and adversely affect the business, operations, properties, assets or condition of FNTT or would not result in FNTT's incurring any material liability.
Watson, Jr. agree that Mr. Watson shall per▇▇▇▇lly assume ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇ any FNTT debt tha▇ ▇▇ ▇▇▇▇▇ntly outstanding as of the date of this Agreement, up to a maximum of $100,000 US dollars.
The consummation of this Agreement, including the issuance of the FNTT common shares to the stockholders of VOSS as contemplated hereby, constitutes the offer and sale of securiti▇▇ ▇nder the Securities Act, and applicable state statutes.
Between the date of this Agreement and the Closing Date, FNTT and OCEANO shall each (a) preserve substantially intact their business organization; and (b) preserve in all material respects their present business relationships and good will.