MBPI definition
Examples of MBPI in a sentence
The closing deliveries specified in Section 8.2 shall have been made by MBPI.
The TIDC Shares proposed to be acquired by MBPI hereunder will be acquired for investment for its own account, and not with a view to the resale or distribution of any part thereof, and MBPI has no present intention of selling or otherwise distributing TIDC Shares, except in compliance with applicable securities laws.
The federal income Tax Returns of MBPI have never been audited by the Internal Revenue Service.
Since its inception, MBPI has been conducted solely in the usual and ordinary course.
CAOPU is an “accredited investor” within the meaning of Rule 501 under the Securities Act and was not organized for the specific purpose of acquiring MBPI Shares.
MBPI and TL each have full power, authority and legal capacity to enter into this Agreement and the other Transaction Documents to which they are a party and to perform their respective obligations hereunder and thereunder.
All of the issued and outstanding shares of MBPI Common Stock are duly authorized and validly issued and outstanding, fully paid and non assessable.
CAOPU has the power, authority and legal capacity to sell, transfer, assign and deliver the TIDC Shares as provided in this Agreement, and such delivery will convey to MBPI good and marketable title to the TIDC Shares, free and clear of all Liens.
MBPI shall have obtained written consents of its board of directors and shareholders as required under applicable Law approving, among other items, this Agreement, the other Transaction Documents and the consummation of the transactions contemplated hereby and thereby.
MBPI shall use its best efforts and take all actions necessary to maintain the quotation of its common stock on the Bulletin Board or to become listed on a recognized exchange.