ISRB definition
Examples of ISRB in a sentence
The issue and sale of the ISRB Securities will not, immediately or with the passage of time, obligate ISRB to issue shares of its securities to any person other than NORe and will not result in a right of any holder of ISRB’s securities to adjust the exercise, conversion, exchange or reset price under such securities.
There is no Action by ISRB or any of its affiliates relating to ISRB currently pending or which ISRB or any of its affiliates intends to initiate.
This Agreement will not be assigned by operation of Law or otherwise, except that NORe may assign all or any of the ISRB Securities and its rights hereunder to any Affiliate of NORe; provided, however, that no such assignment will relieve the assigning party of its obligations hereunder.
There are no unpaid taxes in any material amount claimed to be due by the taxing authority of any jurisdiction, and the officers of ISRB know of no basis for such claim.
Likewise, Dollar shall pay Stratford any and all outstanding amounts due and payable to Stratford under the License Agreement and related and collateral documents executed in connection therewith, consisting of tour voucher payments, credits or payments for inter-city rentals, v.i.p. rentals and other such or related credits, plus pay reasonable estimates of PPA and ISRB, as such terms are defined below and all other items due Stratford under the Master Lease Agreement.
As of the date of this Agreement, there are no outstanding and unexercised warrants issued by ISRB.
There are no outstanding contractual obligations (contingent or otherwise) of ISRB to retire, repurchase, redeem or otherwise acquire any outstanding shares of capital stock of, or other ownership interests in, ISRB or to provide funds to or make any investment (in the form of a loan, capital contribution or otherwise) in any other person.
Neither ISRB nor any of its affiliates, nor any person acting on its or their behalf has conducted any “general solicitation” or “general advertising” (as those terms are used in Regulation D) in connection with the offer or sale of any of the Shares.
On the Closing Date, NORe shall cause to be delivered to ISRB, against receipt of the ISRB Securities, the Exchange Note, duly endorsed to ISRB for transfer.
ISRB and DPH shall be paid the total sum of $450,000.00 as a development fee from the construction budget, which shall be split evenly after payment of ordinary expenses.