MLCI definition
Examples of MLCI in a sentence
MLCI hereby stipulates that the following facts and conclusions of law are true and accurate.
MLCI and MLCI Parent will conduct periodic reviews and testing of its compliance code, policies, and procedures designed to evaluate and improve their effectiveness in preventing and detecting violations of the Relevant Laws and their code, policies, and procedures in the Commodities Business.
During the relevant period, MLCI, together with affiliates, operated global commodities trading businesses that included the trading of precious metals futures contracts and related products.
MLCI and MLCI Parent will implement mechanisms designed to ensure that their compliance code, policies, and procedures are effectively communicated to all directors, officers, and employees in the Commodities Business.
MLCI and MLCI Parent will assign responsibility to one or more senior corporate executives of MLCI and MLCI Parent with oversight of the Commodities Business for the implementation and oversight of their compliance code, policies, and procedures.
MLCI is a corporation duly incorporated, validly existing and in good standing under the laws of the State of California and has all corporate powers and all governmental licenses, authorizations, permits, consents and approvals required to carry on its business as now conducted.
If required by Pacific Western Bank, MLCI shall have provided signed personal guaranties, acceptable to Pacific Western Bank, sufficient to replace ▇▇▇▇▇▇▇ ▇.
As further consideration for selling the Shares, MLCI agrees to use its best efforts to have Gateway file an application with FINRA to become re-listed on The OTC Bulletin Board, and agrees to take all actions within its power so that Gateway gets re-listed on The OTC Bulletin Board as soon as possible, unless such re-listing becomes impossible due to regulatory issues with FINRA and/or the Securities Exchange Commission.
In order to address any deficiencies in the internal controls, compliance code, policies, and procedures regarding compliance with the wire fraud statute (18 U.S.C. § 1343), the securities and commodities fraud statute (18 U.S.C. § 1348), and the anti-spoofing provision of the Commodity Exchange Act (7 U.S.C. § 6c(a)(5)(C)) (collectively, the “Relevant Laws”) in MLCI Parent’s Global Markets’ Commodities Business (the “Commodities Business”), ▇▇▇▇▇▇▇ ▇▇▇▇▇ Commodities, Inc.
The Shareholders will provide MLCI with any relevant information related to Gateway that MLCI requests in writing, and subject to that certain Confidentiality Agreement between the Parties dated October 10, 2008.