MIAT definition
Examples of MIAT in a sentence
The Seller covenants and agrees to cooperate with the Purchaser and shall use its commercially reasonable efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things, including the making of any SEC disclosures, necessary or desirable under applicable Law as the Purchaser may reasonably request the Seller to take or do in connection with the initial public offering of MIAT or any of its Subsidiaries.
Purchaser shall immediately notify the Sellers if it has determined, for whatever reason, to terminate or otherwise not pursue the initial public offering of MIAT or any of its subsidiaries in which event Sellers shall have a right of termination as provided in Section 9.01.
Except as set forth on Section 6.1(a)(ii) of the Disclosure Memorandum, MIAT has not, or has ever had, any Subsidiaries and MIAT does not own, directly or indirectly, any interest in any other corporation, partnership, limited liability company, limited partnership, joint venture or other business association or entity.
The state run transportation companies include MIAT Airlines, Mongolian Railway Authority, and Autobus 1,2,3.
Other than MIAT and CTA, the Company does not have, and has never had any Subsidiaries and does not, directly or indirectly, own any interest in any other corporation, partnership, limited liability company, limited partnership, joint venture or other business association or entity.
MIAT is a corporation duly organized, validly existing and in good standing under the laws of the State of Michigan, with full power and authority to operate the School as it is currently being operated and to own, lease or license, as applicable, its assets.
This Agreement and each of the Transaction Documents to which the Company or MIAT is a party have been (or will be when executed and delivered on the Closing Date) duly executed and delivered by the Company and MIAT and constitute (or will constitute) a valid and legally binding obligation of the Company and MIAT, enforceable against the Company and MIAT in accordance with the terms hereof, except as enforcement may be limited by the Enforceability Exceptions.
The Seller owns all of the issued and outstanding shares of capital stock of the Company (the “Shares”), and the Company owns all of the issued and outstanding shares of capital stock of MIAT, and MIAT owns and operates the School.
The novation and amendment agreement in respect of one (1) Boeing B737-800 aircraft with manufacturer's serial number 29922 (the “Aircraft”) entered or to be entered into between Seller, Buyer and MIAT Mongolian Airlines (as “Lessee”) (the “Novation”).
Other than holding the issued and outstanding shares of capital stock of MIAT and CTA, the Company has no operations, assets or liabilities in excess of $50,000 in the aggregate.