HLBC definition
Examples of HLBC in a sentence
HLBC is a corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware.
This Agreement and all of the Exhibits attached hereto constitute the legal, valid, and binding obligation of HLBC.
Notwithstanding the foregoing provisions of this Section, no claim for indemnification shall be made by HLBC under this Section unless and until the aggregate amount of all Losses of HLBC in respect thereof shall exceed $5,000.
The Holder received this Warrant in exchange for Warrant HLBC No. E-[__], which this Warrant replaces in full.
The iSafe Holders shall transfer title in and to the iSafe Securities to HLBC free and clear of all liens, security interests, pledges, encumbrances, charges, restrictions, demands, and claims of any kind or nature whatsoever, whether direct or indirect or contingent, except as noted on Schedule 2.1.7.
HLBC shall have the right to offset any Losses incurred and actually paid pursuant to this Section 6.3.2 against any amounts due from HLBC to the iSafe Entities or the iSafe Holders, however, any offset shall not act as HLBC’s sole remedy.
HLBC shall have the right to offset any Losses incurred and actually paid pursuant to this Section 6.3.2 against any amounts due from Digisort to HLBC, however, any offset shall not act as HLBC’s sole remedy.
HLBC has the full right, power, and authority to enter into this Agreement and to carry out and consummate the transactions contemplated herein.
At the Closing (as defined in Section 4.1), subject to the terms and conditions herein set forth, and on the basis of the representations, warranties, and agreements herein contained, the iSafe Holders shall sell to HLBC and HLBC shall purchase from the iSafe Holders all of the iSafe Securities.
The Closing will be coordinated with the closing of the transactions contemplated by that certain other reorganization agreements by and between ICOR and certain ICOR shareholders/noteholders and dated of even date hereof, as well as the closing of the transactions contemplated by that certain Acquisition and Assumption Agreement by and between ICOR and HLBC Distribution Company, Inc.