Examples of HOC Entities in a sentence
The Company will indemnify and save harmless the HOC Entities and the directors, officers, employees and agents of the HOC Entities (collectively, the “HOC Indemnitees”) from and against all Claims incurred by any one or more of the HOC Indemnitees directly or indirectly resulting from any breach of any covenant, representation or warranty of the Company contained in this Agreement.
The HOC Entities do not have any Liability or obligation to pay any fees, commissions or similar compensation to any broker, finder, or agent with respect to the transactions contemplated by this Agreement for which the Seller or any Affiliate of the Seller will be obligated.
Each of the HOC Entities is a corporation, limited liability company, partnership or other entity duly organized and validly existing under the Laws of the jurisdiction of its formation.
Each of the HOC Entities is duly authorized to conduct business and is in good standing under the Laws of each jurisdiction where such qualification is required, except where the lack of such qualification has not had and would not reasonably be expected to have, individually or in the aggregate, an HOC Material Adverse Effect.
If HOC delivers the Financing Election, one or more of the HOC Entities shall pay the purchase price for, and the Company shall issue, additional Shares, free and clear of all liens and encumbrances.
Each of the HOC Entities has the requisite power and authority necessary to carry on the businesses in which it is engaged and to own and use the properties owned and used by it.