IVAX definition
Examples of IVAX in a sentence
IVAX is duly organized and validly existing under the laws of the State of Florida.
The execution and delivery of this Agreement by IVAX and the consummation by IVAX of the transactions contemplated hereby have been duly and validly authorized by all necessary corporate action and no other corporate proceedings on the part of IVAX are necessary to authorize this Agreement or to consummate such transactions.
IVAX has all necessary corporate power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby.
This Agreement has been duly executed and delivered by Bergen and, assuming the due authorization, execution and delivery by IVAX, constitutes a legal, valid and binding obligation of Bergen, enforceable against Bergen in accordance with its terms.
This Agreement, other than the rights and obligations of IVAX and Bergen under Sections 3.01, 3.02 and 5.01 and Article VII, shall terminate on the Termination Date.
This Agreement has been duly executed and delivered by IVAX and, assuming the due authorization, execution and delivery by Bergen, constitutes a legal, valid and binding obligation of IVAX, enforceable against IVAX in accordance with its terms.
Neither IVAX nor any IVAX Subsidiary is in conflict with, or in default or violation of, (i) any Law applicable to IVAX or any IVAX Subsidiary or by which any property or asset of IVAX or any IVAX Subsidiary is bound or affected or (ii) any IVAX Permits, except in the case of clauses (i) and (ii) for any such conflicts, defaults or violations that would not, individually or in the aggregate, have an IVAX Material Adverse Effect.
To the knowledge of IVAX, there are no infringements of any proprietary rights owned by or licensed by or to IVAX or any IVAX Subsidiary that, individually or in the aggregate, would have an IVAX Material Adverse Effect.
The authorized capital stock of IVAX consists of 250,000,000 shares of IVAX Common Stock.
At the Effective Time, the total number of persons serving on the Board of Directors of BBI shall be 17 (unless otherwise agreed in writing by IVAX and Bergen prior to the Effective Time), eight of whom shall be IVAX Directors, eight of whom shall be Bergen Directors and one of whom shall be the Chief Executive Officer of BBI.