FTTI definition
Examples of FTTI in a sentence
For each annual occasion that ▇▇▇▇ desires to exercise its option, it shall provide written notice to FTTI within five (5) business days after January 1st and shall exercise the option no later than January 31st.
Each of ▇▇▇▇, FTTI, Intel and Jona shall be entitled to have one (1) representative (in addition to the ▇▇▇▇ Director, FTTI Director and the Jona Director) attend and participate in all functions of the Board of Directors and any committee established by the Board of Directors as an observer, but such observer shall have no voting rights.
Confirmation by Innovatech and FTTI to the effect that all loans or advances that may have been made by either of them to Corporation have been repaid in full.
The Vendors (excluding Innovatech and FTTI) solidarily, without the benefit of division or discussion, represent and warrant to Purchaser as provided in this Section 3.2. Vendors acknowledge and confirm that Purchaser is relying upon such representations and warranties in connection with the purchase by Purchaser of the Purchased Shares.
The Company shall pay the reasonable out-of-pocket expenses incurred by the FTTI Director, the ▇▇▇▇ Director, the Jona Director, and any observer appointed pursuant to Section 2.7 in attending any meeting of the Board of Directors and any committee established by the Board of Directors (excluding in each case a telephonic meeting).
The exchange will be deemed to be effective as of the date hereof, with FTTI to immediately surrender the FTTI Note for cancellation and Jabber to deliver to FTTI within three (3) business days of the date hereof a certificate for the shares of Common Stock being issued in the exchange.
As of the FTTI Effective Date, FTTI shall convert 3,441 shares of its Series B Convertible Preferred Stock of Jabber into shares of Common Stock in accordance with the terms of the Jabber Designation of Rights, Preferences and Limitations of Series B Convertible Preferred Stock (the “Series B Designation”).
In order to further simplify Jabber’s capital structure, ▇▇▇▇ shall offer to each shareholder of Jabber other than ▇▇▇▇ and FTTI, the opportunity to exchange shares of their Jabber securities for shares of ▇▇▇▇’▇ securities.
All information relating to or concerning Jabber set forth in this Agreement or provided to ▇▇▇▇ and FTTI in connection with the transactions contemplated herein is true and correct in all material respects and Jabber has not omitted to state any material fact necessary in order to make the statements made herein or therein, in light of the circumstances under which they were made, not misleading.
In accordance with the conversion of the 3,441 shares of Series B Convertible Preferred Stock, FTTI shall be issued 3,441,000 shares of Jabber Common Stock and shall be issued additional shares of Jabber Common Stock at $1.00 per share for payment in full of all accrued dividends as of the FTTI Effective Date.