LBAS definition
Examples of LBAS in a sentence
Lender may exercise collateral as payment in full for said Note by placing a written request to LBAS transfer agent (▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇) for ownership change upon default.
Upon the opening of such account, LBAS shall cause TranShare to transfer the applicable shares to the applicable account.
Upon the opening of the brokerage account, Constellation shall cause Grant Bettengen to execute and deliver a letter to LBAS providing electronic access to the accounts for monitoring, acknowledging the selling limitations that are contained in Paragraph 3 below, applicable to such account and agreeing not to short or otherwise trade in the stock of LBAS through such shares on deposit in such account or in any other way seek to circumvent the provisions of Paragraph 3 of this Agreement.
To the extent Grant Bettengen is unable or unwilling to perform the functions contemplated by this subparagraph, LBAS and the Redwood Parties shall in good faith agree upon an alternative broker to perform the functions of Grant Bettengen described in this subparagraph.
After the Effective Date of this Agreement, LBAS is authorized under this Agreement to cancel the Warrant.
Each of the Redwood Parties represents and warrants that they have not transferred to anyone, including agents and employees, any LBAS common stock that they are agreeing to return pursuant to paragraph 2(a) of this Agreement.
LBAS shall file a dismissal of the action pending in the United States District Court for the Northern District of California, Case No. CV- 09-1618-WHA (“the Action”) with prejudice as soon as is practicable after LBAS has received executed copies of signature pages of this Agreement from each of the signatories to this Agreement.
In addition, Consultant shall be awarded 50,000 shares of LBAS stock for successfully managing the review and coordination of LBT’s third Quarter SEC filing on-time.
LBAS, on the one hand, and the Redwood Parties, on the other, each agree to maintain in the strictest confidence any confidential or proprietary information each provided the other during the course of their relationship under the Dalsgaard, Consulting Agreement and the FASA Agreements.
The Redwood Parties represent and warrant that they never received the warrant for the purchase of 300,000 shares of LBAS common stock (the “Warrant”), which was granted on or about October 27, 2008 under the written agreement between LBAS and Redwood entitled Consulting Agreement entered into on or about October 26, 2008 (“Consulting Agreement”).