HTSC definition
Examples of HTSC in a sentence
HTSC shall retain ownership of all accounts until the date of closing.
VSSI shall provide to HTSC the Services that HTSC subscribes to hereunder in accordance with this Agreement.
Following the signing of this Letter, HTSC shall commence upon drafting and negotiating the Purchase Agreement, which is to be entered into on or prior to the Acquisition Closing.
All notices and other communications required to be given by the parties shall be in writing and sent to the respective parties at the following addresses: HTSC and HNPA Mr. John Daly Humana Trans Services Holding Corp.
Upon the Acquisition Closing, Emcore may continue to be operated as a wholly owned subsidiary, or may be merged with HTSC, as may be determined at the time of the Acquisition Closing or afterwards.
HTSC is responsible for the collection and remittance of all governmental assessments, surcharges and fees pertaining to its purchase and resale of the Services (other than taxes on VSSI’s net income) (collectively, “Taxes”).
VSSI is merely a supplier to HTSC with no relationship to HTSC’s End Users.
In addition, as a condition precedent to the closing of the transaction, a commitment to raise capital in the amount of $5,000,000 must be in place for the issuance of an additional 11% of the issued and outstanding shares of HTSC, for which the 11% will be issued for the raise of capital for the combined entity (the "Additional Shares").
Notwithstanding the foregoing, VSSI may assign this Agreement or its rights or obligations hereunder, in whole or in part, to any of its Affiliates, and HTSC may assign this Agreement or its rights or obligations hereunder, in whole or in part, to a wholly owned subsidiary of Hawaiian Telcom Communications, Inc., without the consent of the other Party hereto.
Each Invoice shall be paid by HTSC via wire transfer or automated clearing house (ACH) in immediately available funds so that the payment is received by VSSI no later than the Due Date, The applicable Service Schedule shall specify the currencies in which payments shall be made for each Service and geographic location and, if not so specified, the currency shall be US Dollars.