MPRC definition
Examples of MPRC in a sentence
MPRC warrants and represents to MAE that each of the statements set out in part 2 of schedule 2 is correct.
MPRC will repeat the warranties and representations on the Exercise Date.
Meridian Arts Commission (MAC) and Meridian Parks & Recreation Commission (MPRC) are interested in elements that can be functional pieces in the park and/or that are highly visible and appropriate to both park users and passersby.
Before the Closing (defined later), the Board of Directors of MPSC and MPRC each will have duly and validly authorized the consummation of the transactions contemplated hereby.
MPRC shall escrow $600,000.00 by bank wire simultaneously upon the signing of this Agreement in a special account of ▇▇▇▇▇' at the Bank of America, Las Vegas, Nevada, under an escrow agreement, attached hereto as Exhibit "B," for the initial well and then MPRC shall escrow $600,000,00, the same as provided for above, before the commencement of each additional well for the costs of drilling and completion.
The conditions precedent to the vesting of options under clause 3 are for the benefit of MAE which may waive any of them by written notice to MPRC.
Should the costs exceed the $600,000,00 escrowed for each well, then MPRC agrees to immediately escrow the needed funds for the additional costs.
MPRC may exercise an option by (a) giving written notice to MAE; and (b) paying to MAE in immediately available funds the exercise price.
If ▇▇▇▇▇ is unable to give an assignment directly to MPRC, then MPRC shall operate by, through and under ▇▇▇▇▇, the same as if MPRC had an assignment.
It is understood by the Parties hereto, then ▇▇▇▇▇ shall not make any warranty of any kind, either expressed or implied, on the lands and leasehold interests being assigned to MPRC.