IPC US definition
Examples of IPC US in a sentence
IPC US is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware and has the requisite corporate power and capacity to own its assets as now owned and to carry on its business as it is now being conducted.
Except to the extent reflected or reserved in the IPC US Financial Statements or incurred in the ordinary course since June 30, 2009, IPC Opco has not incurred any outstanding indebtedness or any liabilities or obligations (whether accrued, absolute, contingent or otherwise) in an amount exceeding $15,000 individually or in the aggregate.
Except for the IPC US Permitted Encumbrances, IPC US has good and valid title to, or a valid and enforceable leasehold interest in, all tangible personal property owned or leased, except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
IPC US has complied, in all material respects, with and is not, in any material respect, in violation of any applicable Laws.
True, current and complete copies of the IPC US Plans have been made available to Vasogen.
All such Intellectual Property is sufficient for conducting the business, as currently conducted, of IPC US.
This Agreement has been duly and validly executed and delivered by IPC US and constitutes a legal, valid and binding obligation of IPC US enforceable against IPC US in accordance with its terms, subject to the qualification that such enforceability may be limited by bankruptcy, insolvency, reorganization or other laws of general application relating to or affecting rights of creditors and general principles of equity.
Except as contemplated by the IPC US Merger Agreement, there are no outstanding contractual or other obligations of IPC US to (i) repurchase, redeem or otherwise acquire any of its securities (ii) make any investment in or provide any funds to (whether in the form of a loan, capital contribution or otherwise) any person, or (iii) provide any guarantee with respect to any person.
To the knowledge of IPC US, no inquiry or investigation (formal or informal) of any Securities Authority has been undertaken since September 1, 2004 or is currently in effect or ongoing.
As of the close of business on May 31, 2009, there were issued and outstanding 10,850,000 Special Voting Shares and 6,023,944 IPC US Common Shares of which 1,884,878 are IPC US Free Shares and 4,139,066 are IPC US Restricted Shares; since such date, IPC US has not issued any shares, and there has not been any split, combination or reclassification or redemption or repurchase of IPC US Shares; and there are outstanding no other shares of any class or series in the capital of IPC US.