IDTI definition
Examples of IDTI in a sentence
For any Valuation Date, the per Share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page IDTI <equity> AQR (or any successor thereto) in respect of the period from the scheduled opening time of the Exchange to the Scheduled Closing Time on such Valuation Date (or if such volume-weighted average price is unavailable, the market value of one Share on such Valuation Date, as determined by the Calculation Agent).
With respect to any termination of Employment ------------------ other than those described in Section 6(a) or in Section 2(d)(ii) above, the Executive shall not be entitled to any severance benefits and such terminations shall be governed by Section 5 above.
DEO will not be responsible for payment for Contractor’s idle hours spent during lunch or travel time to and from DEO prior to, and after daily work schedule.
Other than the IDTI Shares, no Seller Subsidiary owns any other asset, and except for Taxes (as defined in Article 7 hereof) and its obligations under this Agreement, no Seller Subsidiary has any liabilities.
No plan of any IDTI Party exists to take actions that would result in such Depositary Receipts making up sixty seven percent (67%) or less of Newco’s assets by value.
There are no, and on the Closing Date there will be no, outstanding obligations or liabilities of IDTI except as specifically set forth in the financial statements and the other attached schedules and exhibits.
On January 29, 2004, IDT Nevada distributed 334,838 shares of Class A IDTI Common Stock, which constituted all of the shares of IDTI capital stock that it owned on such date, to IDT Parent as a distribution pursuant to Section 301 of the Code (the “IDT Nevada Dividend”, and together with the IDT America Dividend, the “Dividends”).
Each of the IDTI Parties possesses all corporate, limited liability company or other applicable organizational powers necessary to engage in its business and operations as now conducted.
Each of Newco and Newco Sub is a direct or indirect wholly-owned subsidiary of IDTI.
IDTI states that there are no and have never been any employee benefit plans, and there are no commitments to create any, including without limitation as such term is defined in the Employee Retirement Income Security Act of 1974, as amended, in effect, and there are no outstanding or unfunded liabilities nor will the execution of this Agreement and the actions contemplated in this Agreement result in any obligation or liability to any present or former employee.