KVT definition
Examples of KVT in a sentence
The base purchase price (the "Base Purchase Price") for the KVT Stock, which shall be paid in the manner set forth in Section 1.4, shall be the sum of (i) $16,250,000.00, plus (ii) the net book value of Certain Accounts of KVT on the Closing Date.
KVT has all federal, state and local governmental licenses, permits, approvals and authorizations (collectively, "Permits") that are material to the conduct of its business, and such Permits are in full force and effect and will remain in full force and effect after the Effective Time.
Sellers have heretofore delivered to Buyer complete and correct copies of the Articles of Incorporation and Bylaws of KVT, as currently in effect.
Not less than twenty-five (25) days before the earlier of the due date of any Pre-Closing Tax Return (including amended Tax Returns and refund claims) of KVT or the date on which such Tax Returns are filed, the Sellers shall furnish a draft of such Tax Return (or the portions relating to KVT) to Buyer for its review.
Buyer shall give, and shall cause KVT to give, the Sellers and their professional advisers reasonable access, during normal business hours, to the books, files and records of KVT (and the right to make copies thereof) existing as of or prior to the Closing Date as the Sellers shall from time to time reasonably request.
If The Sellers are required to file a Pre-Closing Tax Return after the Closing Date, Buyer shall cause KVT to permit the Sellers to sign such Pre-Closing Return on behalf of KVT under a limited power of attorney.
All costs and expenses associated with this paragraph shall be borne by KVT.
The provisions of this Tax Agreement shall also apply to any such elections that Buyer or KVT makes for state or local Tax purposes.
KVT does not own, directly or indirectly, any equity or similar interest in, or any interest convertible into or exchangeable or exercisable for, any corporation, partnership, limited liability company, joint venture, or other organization.
As of the date of this Agreement, (i) 200 shares of KVT Common Stock are issued and outstanding, all of which are validly issued, fully paid and nonassessable, and owned of record and beneficially as set forth in Item 3.2(a) of the KVT Disclosure Schedule, and (ii) no shares of KVT Common Stock were held in the treasury of KVT or by subsidiaries of KVT.