LTII definition
Examples of LTII in a sentence
Accordingly, LTII shall issue the VRC Shareholders LTII common stock in the manner set forth in Schedule 3.2 in two tranches; one issuance of all available shares of LTII Common Stock, on a pro rata basis prior to the increase in the authorized shares of LTII Common Stock and a second tranche,on a pro rata basis subsequent to the increase in the authorized shares of LTII Common Stock.
The representations and warranties made by LTII in this Agreement were true when made and shall be true at the Closing Date with the same force and effect as if such representations and warranties were made at the Closing Date (except for changes therein permitted by this Agreement), and LTII shall have performed or compiled with all covenants and conditions required by this Agreement to be performed or complied with by LTII prior to or at the Closing.
VRC shall be furnished with a certificate, signed by a duly authorized officer of LTII and dated the Closing Date, to the foregoing effect.
This contract is solely between LTII, VRC and the shareholders of VRC and except as specifically provided, no director, officer, stockholder, employee, agent, independent contractor or any other person or entity shall be deemed to be a third party beneficiary of this Agreement.
There are no material contracts or agreements of arrangement between LTII and any person, who was at the time of such contract, agreement or arrangement an officer, director or person owning of record, or known to beneficially own ten percent (10%) or more of the issued and outstanding Common Shares of LTII and which is to be performed in whole or in part after the date hereof.
The stockholders of LTII and VRC holding restricted securities of LTII and VRC as of the date of this Agreement and their respective heirs, administrators, personal representatives, successors and assigns, are intended third party beneficiaries of the provisions set forth herein.
The Board of Directors of LTII shall have approved this Agreement and the transactions contemplated herein.
In exchange for all of the VRC Shares tendered pursuant to Section 3.1, LTII shall issue to the VRCShareholders a total of shares of LTII common stock in the manner set forth in Schedule 3.2 annexed hereto whereby the VRC shareholders shall acquire 90% of the issued and outstanding shares of LTII after this transaction is closed.
Service charges Payable to D.F.=[Difference of Energy Charges of respective HT-II and LT-II consumer category] - Loss Penalty - Other taxes as levied by Govt.
On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans in Loan Group I and Loan Group III received during the related Prepayment Period by REMIC I Regular Interest LTI-XP shall be distributed to REMIC II Regular Interest LTII- XP.