Examples of IITRI in a sentence
This Agreement shall be binding upon and inure to the sole and exclusive benefit of the Company and its successor, IITRI and its successors and the Trust and its successors.
Company and Employee acknowledge that Employee has fully vested in his or her right to receive payments under the Retention Incentive Agreement dated September 1, 2001 entered into by IITRI and Employee, attached as Exhibit A to this Agreement, and that such Retention Incentive Agreement has been assigned to, and assumed by, the Company and remains in effect in its original form and is incorporated herein by reference.
Thus, it is an objective of IIT to encourage coordination, cooperation, and information transfer between IIT and IITRI, thereby optimizing the resources available for the conduct of scientific and engineering activity.
The Company shall use the proceeds of Revolving Loans (as defined in the Bank Credit Agreement) made on the Closing Date of the Bank Credit Agreement to pay fees and expenses incurred in connection with, the IITRI Acquisition, the Bank Credit Agreement and the ESOT Transaction, for Capital Expenditures, and for the additional working capital needs and other general corporate purposes of the Company and its Material Subsidiaries, including, without limitation, the financing of Permitted Acquisitions.
Applied research and the related activities of development, inventions, and commercialization are also important missions of IITRI.
Since September 30, 2001 up to the Closing Date, there has occurred no change in the business, properties, condition (financial or otherwise), performance, results of operations or prospects of IITRI and its consolidated Subsidiaries, the Borrower, any Guarantor, or the Borrower and its Subsidiaries, in each case, taken as a whole or any other event which has had or could reasonably be expected to have a Material Adverse Effect.
The proceeds of the loans made on the Closing Date under the Bank Credit Agreement will be used by the Company to pay certain fees and expenses incurred in connection with the IITRI Acquisition, this Agreement and the Seller Notes and to partially fund the purchase price paid in the IITRI Acquisition, all as further specified on Exhibit 7 attached hereto.
In order to consummate the IITRI Acquisition, the holders have agreed to accept as a portion of the purchase price in Notes and Warrants of the Company on the terms and pursuant to the conditions set forth in this Agreement.
The Company has agreed to acquire substantially all of the assets of IIT Research Institute, a not-for-profit Illinois corporation ("IITRI") for consideration of $117,100,000 (subject to certain adjustments as provided in the Asset Purchase Agreement) pursuant to the Acquisition Documents.
These Codes lays down guidelines and procedures to be followed and disclosures to be made while dealing with securities of the Company and caution about the consequences of violations.