Matec definition

Matec means MATEC Corporation, a Delaware corporation and the sole shareholder of the Seller.
View Source
Matec means Matec Corporation, Delaware corporation, and its successors and assigns. "Notes" shall have the meaning assigned to that term in Section 1.01. "Person" means an individual, corporation, partnership, joint venture, trust, or unincorporated organization, or a government or any agency or political subdivision thereof. "Proxy Statement" means the Proxy Statement, filed by Matec with the Commission for use in connection with ▇▇▇▇▇'s April 26, 1995 meeting of stockholders. "Purchaser" means and shall include not only the Massachusetts Capital Resource Company but also any other holder or holders of any of the Notes or Warrants. "Registrable Shares" means and shall include the shares of Common Stock issued and issuable upon exercise of the Warrants, excluding, however, any such shares of Common Stock which have been: (a) registered under the Securities Act pursuant to an effective registration statement filed thereunder and disposed of in accordance with the registration statement covering them or (b) publicly sold pursuant to Rule 144 under the Securities Act. "Securities Act" means the Securities Act of 1933 or any similar Federal statute, and the rules and regulations of the Commission (or of any other Federal agency then administering the Securities Act) thereunder, all as the same shall be in effect at the time. "Security Agreements" shall have the meaning assigned to that term in Section 2.02(a). "Subsidiary" or "Subsidiaries" means any corporation or trust of which any Company and/or any Subsidiaries (as herein defined) directly or indirectly owns at the time all of the outstanding shares of every class of such corporation or trust other than directors' qualifying shares. "Warrants" shall have the meaning assigned to that term in Section 1.02.
View Source

Examples of Matec in a sentence

  • There are no restrictions on the transfer of shares of capital stock of Matec other than those imposed by relevant state and federal securities laws.

  • The offer and sale of all shares of capital stock and other securities of Matec issued before the Closing complied with or were exempt from all federal and state securities laws.

  • Sufficient shares of authorized but unissued Common Stock of Matec have been reserved by appropriate corporate action in connection with the prospective exercise of the Warrants.

  • If Matec becomes subject to the reporting requirements of either Section 13 or Section 15(d) of the Exchange Act, Matec will use its best efforts to timely file with the Commission such information as the Commission may require under either of said Sections; and in such event, Matec shall use its best efforts to take all action as may be required as a condition to the availability of Rule 144 under the Securities Act (or any successor exemptive rule hereinafter in effect) with respect to such Common Stock.

  • Matec shall maintain a ratio of Consolidated Net Earnings Available for Interest Charges to Interest Charges of not less than 1 to 1 through December 31, 1995, and not less than 2 to 1 thereafter, such ratio to be measured at the end of each fiscal quarter of Matec, commencing on and with the fiscal quarter ending June 30, 1995, as an average of the four (4) most recent fiscal quarters of Matec.

  • The consolidated financial statements of Matec which are included in Matec's Form 10-K present fairly the consolidated financial position of Matec as at the dates thereof and the results of operations for the periods covered thereby and have been prepared in accordance with generally accepted accounting principles consistently applied.

  • Matec will use its best efforts to maintain the effectiveness for up to nine (9) months of any registration statement pursuant to which any of the Registrable Shares are being offered, and from time to time will amend or supplement such registration statement and the prospectus contained therein as and to the extent necessary to comply with the Securities Act and any applicable state securities statute or regulation.

  • The registered holder of a Note shall be that Person in whose name the Note has been so registered by Matec.

  • Except as is set forth in the Proxy Statement, there are no loans, leases, royalty agreements or other continuing transactions between Matec and any Person owning five percent (5%) or more of any class of capital stock of Matec or other entity controlled by such stockholder or a member of such stockholder's family.

  • Matec, on behalf of itself and the other Companies, shall maintain at its principal office a register of the Notes and shall record therein the names and addresses of the registered holders of the Notes, the address to which notices are to be sent and the address to which payments are to be made as designated by the registered holder if other than the address of the holder, and the particulars of all transfers, exchanges and replacements of Notes.