NATK definition
Examples of NATK in a sentence
NATK is a Delaware corporation duly organized and existing under the laws of the state of Delaware and has the power, authority and legal right to carry on the business now being conducted by it and to enter into, and to engage in the transactions contemplated by, the Loan Documents.
Any material decision or determination relating to the enforcement of the Company's rights against Employee hereunder by the Company shall only be made with the written concurrence or consent of the chief executive officer or other executive officer of NATK.
TTT and TieTek are the only subsidiaries of NATK which own or have rights to assets necessary for or used in the operation of the Business by Borrower.
Except for Borrowers, no subsidiary of NATK conducts any business or activity other than those incidental to its corporate existence or owns any material assets.
The execution and delivery of the Loan Documents and the performance and observance of the provisions thereof have been authorized in accordance with the certificate of incorporation and bylaws of NATK and will have been duly authorized by all necessary actions of the board of directors and shareholders of NATK.
Except as set forth in Schedule 3.1(r) hereto, as of the date hereof, there are no outstanding shareholders or members agreements, voting agreements or other agreements of any nature which in any way restrict or effect the transfer, pledge or voting of any of the equity securities of any subsidiary of NATK or subject any of such securities to any put, call, redemption obligation or similar right or obligation of any nature.
The execution and delivery of the Loan Documents and the performance and observance of the provisions thereof have been authorized in accordance with the certificate of incorporation and bylaws of NATK and will have been duly authorized by all necessary actions of the board of directors and shareholders of NATK as contemplated in the Voting Agreement.
Notwithstanding the provisions of this paragraph (d), in the event NATK or one of its subsidiaries or affiliates does not elect to exercise the Crosstie Purchase Option, as defined in that certain Crosstie Purchase Option and Loan Agreement (the "Crosstie Agreement"), dated as of December 29, 1995, by and among TIETEK, INC., a Texas corporation, NATK, ▇▇▇▇▇▇▇ ▇.
Provided that Lender receives from Borrower all of the Post-Closing Documents within ninety (90) days after the Closing Date, then as soon as practicable but not later than one hundred twenty (120) days after the Closing Date, Lender shall execute and deliver to NATK and TTT documents releasing NATK and TTT from their respective obligations under the Note, the Security Agreement, and the Patent Security Agreement (the "Release Documents").
In addition, from the date hereof and continuing until the Crosstie Purchase Option (as defined in the Crosstie Purchase Option Period) is either exercised or has expired (which occurs first), NATK shall use its best efforts to cause the name of ▇▇.