LNM definition
Examples of LNM in a sentence
A Reverse-Subsidiary Merger would be intended to be integrated with the LNM Transaction and treated as a transaction described in Section 351(a) of the Code, and, unless waived by the Company, the condition of Section 7.03(d) hereof would relate to the qualification of the acquisition under Section 351(a) of the Code and the condition in 7.02(f) shall be waived.
Parent is entering into an acquisition agreement (the “Richmond Agreement”) with Richmond Investment Holdings Limited, a company organized under the laws of the British Virgin Islands, for the purchase by Parent of all of the issued and outstanding capital stock of LNM Holdings N.V. (“LNM”), a company organized under the laws of The Netherlands Antilles (the “LNM Transaction”).
For the avoidance of doubt, LNM and subsidiaries will be Parent Subsidiaries as of the Effective Time.
The LNM Transaction shall have been consummated on the terms set forth in the Richmond Agreement as in effect on the date hereof, with such amendments thereto as have been entered into with the approval of the parties thereto and the Company.
None of the issued and outstanding LNM Common Shares was issued in violation of any preemptive rights.
No material Action is pending or, to the Knowledge of the Seller, threatened with respect to any Material LNM Plan (other than claims for benefits in the ordinary course) and, to the Knowledge of the Seller, no fact or event exists that could reasonably be expected to give rise to any such material Action.
In consideration for the transfer of the Artwork to LNM as set forth above, LNM shall pay to Contractor a one-time fee of one thousand US-Dollars ($1,000), payable on full execution of this Agreement, provided that all Artwork has been delivered to LNM in a format that is reasonably acceptable to LNM.
Contractor agrees to cooperate with LNM or its designee(s), at LNM’s expense, in the procurement and maintenance of LNM’s rights in the Artwork, and to execute, when requested, any other documents deemed necessary by LNM to carry out the purpose of this Agreement.
The Deed of Incorporation (Akte van oprichting) and the Articles of Association (Statuten) (or any equivalent organizational document), each as amended to date, of LNM and each Material LNM Subsidiary are in full force and effect.
If Contractor has any rights to the Artwork that cannot be assigned to LNM, Contractor unconditionally and irrevocably waives the enforcement of such rights, and all claims and causes of action of any kind against LNM with respect to such rights, and agrees, at LNM’s request and expense, to consent to and join in any action to enforce such rights.