FPFI definition
Examples of FPFI in a sentence
No such waiver shall be effective unless in writing signed by a duly authorized officer of FPFI.
Each of the FPFI Subsidiaries has the power and authority necessary for it to own, lease and operate its Assets, to incur its Liabilities and to carry on its business as now conducted.
Concurrently with the execution and delivery of this Agreement and effective upon Closing, each non-employee director of FPFI has executed and delivered to Progress a Non-Competition Agreement in the form attached hereto as Exhibit D.
Each of the FPFI Companies owns or possesses valid and binding licenses and other rights to use without additional payment all material patents, copyrights, trade secrets, trade names, service marks, trademarks, computer software and other intellectual property used in its business; and none of the FPFI Companies has received any notice of conflict with respect thereto that asserts the rights of others.
FPFI and FP Bank shall have delivered timely notices as required by Law for the closure of FP Bank’s Huntsville, Alabama branch office no later than April 1, 2017.
Each FPFI Company has in effect all Permits necessary for it to own, lease or operate its Assets and to carry on its business as now conducted, except for those Permits the absence of which are not reasonably likely to have, individually or in the aggregate, a Material Adverse Effect on FPFI, and there has occurred no Default under any such Permit.
Progress shall also use commercially reasonable efforts to obtain all necessary state securities Law permits and approvals required to carry out the transactions provided for in this Agreement, and FPFI shall furnish all information concerning FPFI and the holders of FPFI Common Stock as may be requested in connection with any such action.
The FPFI Board may, at its option, elect to have the final fairness opinion updated immediately prior to the Effective Time in order to account for any Material Adverse Effect that may have occurred with regard to Progress.
Subject to such requisite shareholder approval and required regulatory consents, this Agreement constitutes a legal, valid and binding obligation of FPFI, enforceable against FPFI in accordance with its terms.
Each Election Form shall permit such holder (or the beneficial owner through appropriate and customary documentation and instructions) of FPFI Common Stock to elect to receive cash with respect to no more than ten percent (10%) of such Eligible Shareholder’s FPFI Common Stock.