IBSF definition
Examples of IBSF in a sentence
Except as affected by the transactions contemplated hereby, IBSF or one or more of its Subsidiaries as lessees have the right under valid and subsisting leases to occupy, use, possess and control all real property leased by IBSF and such Subsidiaries in all material respects as presently occupied, used, possessed and controlled by IBSF and its Subsidiaries.
Notwithstanding the foregoing, HUBCO shall have the right to seek money damages against IBSF for a breach of this Agreement.
I understand that HUBCO has agreed to publish financial results covering at least 30 days of post-Merger combined operations of HUBCO and IBSF as soon as practicable (but in no event later than 30 days) following the close of the first calendar month ending 30 days after the Effective Time.
All contributions required to be made to each IBSF Pension Plan under the terms thereof, ERISA or other applicable law have been timely made, and all amounts properly accrued to date as liabilities of IBSF which have not been paid have been properly recorded on the books of IBSF .
HUBCO shall be entitled to deduct and withhold, or cause the Exchange Agent to deduct and withhold, from funds provided by the holder or from the consideration otherwise payable pursuant to this Agreement to any holder of IBSF Common Stock, the minimum amounts (if any) that HUBCO is required to deduct and withhold with respect to the making of such payment under the Code (as defined in Section 3.8), or any provision of state, local or foreign tax law.
Except as disclosed in the IBSF Disclosure Schedule, neither IBSF nor any IBSF Subsidiary is a party to any order, judgment or decree entered in any lawsuit or proceeding which is material to IBSF or such IBSF Subsidiary.
HUBCO shall furnish IBSF's counsel with copies of all such filings and keep IBSF advised of the status thereof.
To the best knowledge of IBSF, except as disclosed in the IBSF Disclosure Schedule, there are no audits or other administrative or court proceedings presently pending nor any other disputes pending with respect to, or claims asserted for, taxes or assessments upon IBSF or any IBSF Subsidiary, nor has IBSF or any IBSF Subsidiary given any currently outstanding waivers or comparable consents regarding the application of the statute of limitations with respect to any taxes or Returns.
At the Effective Time, the stock transfer books of IBSF shall be closed and there shall be no further registration of transfers of shares of IBSF Common Stock thereafter on the records of IBSF.
The Certificate of Merger shall specify the "Effective Time" of the Merger, which Effective Time shall be a date and time following the Closing agreed to by HUBCO and IBSF (which date and time the parties currently anticipate will be the close of business on the Closing Date).