HRAI definition

HRAI means the Heating, Refrigeration and Air Conditioning Institute of Canada;
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Examples of HRAI in a sentence

  • The Agreement may be closed at any time following approval by the Board of Directors of HRAI and the Cobs members.

  • The parties hereby agree that the obligations of HRAI to consummate the Acquisition is subject to the satisfactory completion of a due diligence investigation of the business and affairs of Cobs prior to the closing.

  • Between the date hereof and the Closing Date, HRAI will not furnish any communication to the public generally if the subject matter thereof relates to Cobs or to the transactions contemplated by this Agreement without the prior approval of Cobs as to the content thereof, and subject to each Party’s compliance with applicable law.

  • For purposes of determining the market value of HRAI shares of common stock exchanged in the Acquisition, the market value per share shall be determined by averaging the closing bid price for the shares over a 20 day business period determined to be the 10 business days preceding the date this agreement is signed and the 10 days following the signing of this agreement.

  • The signing of this Agreement and the Closing shall be simultaneous, and a transfer of HRAI shares shall be initiated in the amount of 500,000 shares in the name of the Seller, against delivery of a Deed of General Conveyance, Transfer and Assignment for the Assets and an executed copy of this Agreement and the Exhibits thereto by the Seller and Managing Member to the Purchaser.

  • If HRAI does not notify Cobs in writing that it has completed and approved its due diligence and financial review on or before April 30, 2005, this Agreement may be terminated by either party.

  • The parties agree that the purchase price for the Membership Interests of Cobs shall be $1,300,000 in cash and $250,000 in HRAI stock, and it shall be allocated as set forth below.

  • At Closing, HRAI will cause all personal guaranties of Cobs’ debts or obligations issued by Cobs members to be released and will contribute to Cobs $250,000 in working capital.

  • HRAI will cause all shares of common stock issued at Closing under this Agreement to be registered on or before December 1, 2005.

  • Conditioning Institute of Canada (HRAI) (applicable only to Members offering heating, ventilation and air conditioning [HVAC] systems services).

Related to HRAI

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