Legal Requirements definition
Examples of Legal Requirements in a sentence
Each of SMTK and Ferrox shall use its commercially reasonable efforts to cause the Registration Statement to become effective as promptly as practicable, and shall take all or any action required under any applicable federal, state, securities and other Legal Requirements in connection with the issuance of SMTK Common Shares in the Contemplated Transactions.
All Ferrox Issued Share Capital is, and immediately prior to Closing, will be, duly authorized, validly issued and fully paid and were issued in compliance with all applicable Legal Requirements.
All outstanding shares of SMTK Capital Stock are duly authorized, validly issued, fully paid and non-assessable and were issued in compliance with all applicable Legal Requirements.
The Company has complied in all material respects with all applicable Legal Requirements relating to the payment and withholding of Taxes in connection with amounts paid or owing to any employee, independent contractor, creditor, equity owner or other third party and has duly and timely withheld and paid over to the appropriate Taxing Authority all amounts required to be so withheld and paid under all applicable Legal Requirements.
Upon the terms and subject to the conditions of this Agreement and in accordance with applicable Legal Requirements, including without limitation the applicable Legal Requirements of the British Virgin Islands, at the Effective Time, Merger Sub shall merge with and into Ferrox, following which the separate existence of Merger Sub shall cease and Ferrox shall continue as the surviving company in the Merger.