MicroTel definition
MicroTel means MicroTel International Inc., a Delaware corporation, which owns all of the issued and outstanding capital stock of the Borrowers.
MicroTel. (A) acknowledges that the sale of the securities to which this declaration relates is being made in reliance on Rule 904 of Regulation S under the United States Securities Act of 1933, as amended; and (B) certifies that: (1) the offer of such securities was not made to a person in the United States and either: (a) at the time the buy order was originated, the buyer was outside the United States, or the seller and any person acting on its behalf reasonably believes that the buyer was outside the United States; or (b) the transaction was executed on or through the facilities of The Toronto Stock Exchange and neither the seller nor any person acting on its behalf knows that the transaction has been prearranged with a buyer in the United States; (2) neither the seller nor any person acting on its behalf engaged in any directed selling efforts in connection with the offer and sale of such securities; (3) the sale is bona fide and not for the purpose of "washing off" the resale restrictions imposed because the securities are "restricted securities" (as such term is defined in Rule 144(a)(3) under the ▇▇▇▇ ▇▇▇); (4) the seller does not intend to replace the securities sold in reliance on Rule 904 of the 1933 Act with fungible unrestricted securities; and (5) the contemplated sale is not a transaction, or part of a series of transactions which, although in technical compliance with Regulation S, is part of a plan or scheme to evade the registration provisions of the 1933 Act. Terms used herein have the meanings given to them by Regulation S"; provided, further, that if any such Common Shares are being sold pursuant to Rule 144 of the U.S. Securities Act, the legend may be removed by delivery to Montreal Trust Company of Canada of an opinion of counsel, of recognized standing reasonably satisfactory to the Corporation, to the effect that such legend is no longer required under applicable requirements of the U.S. Securities Act or state securities laws;
MicroTel means Microtel Inns and Suites Franchising, Inc., a Georgia corporation.
More Definitions of MicroTel
MicroTel means MicroTel International, Inc., a body corporate, incorporated pursuant to the laws of the State of Delaware;
MicroTel has furnished the Selling Shareholders with a true and complete copy of (a) MicroTel's Form 10-K for the fiscal year ended December 31, 1996, (b) MicroTel's Form 10-Q for the quarters ended March 31, 1997 and June 30, 1997, and (c) Amendment No. 1 to S-1 Registration Statement dated September 24, 1997 (as such documents have since the time of their filing been amended, "the SEC Documents"). Since January 1, 1997, MicroTel has filed with the Securities and Exchange Commission (the "SEC") all documents required to be filed pursuant to the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules and regulations promulgated thereunder. As of their respective dates, the SEC Documents complied in all material respects with the requirements of the Exchange Act, and the rules and regulations of the SEC thereunder applicable to such SEC Documents, and none of the SEC Documents (as of their respective dates) contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. The financial statements of MicroTel included in the SEC Documents (the "Financial Statements") comply as to form in all material respects with applicable accounting requirements and with the published rules and regulations of the SEC with respect thereto. The Financial Statements are in all material respects accurate, complete and have been prepared in accordance with the books and records of MicroTel and in accordance with generally accepted accounting principles applied on a consistent basis during the periods involved (except as may be indicated in the notes thereto or, in the case of the unaudited statements included in the SEC Documents, as permitted by Form 10-Q of the SEC) and fairly present (subject, in the case of the unaudited statements, to normal, recurring audit adjustments that are not material) the consolidated financial position of MicroTel as at the dates thereof and the consolidated results of its operations and cash flows for the periods then ended. Since June 30, 1997, there has not been any material adverse change in the business, operations, or assets of MicroTel and its subsidiaries taken as a whole.
MicroTel. “Motel 6”, “Ramada”, “La Quinta”, “Best Value Inn”, “Econo Lodge”, and “Days Inn”. IHG and Marriott hotels are preferred. Company must be notified of the lodging name, address, and necessary booking information 14 days prior to the Service Set Up Date Start Time. The reservation should be placed under Company’s service name.
MicroTel has the meaning set forth in the recitals to this Agreement.