NPAL definition
Examples of NPAL in a sentence
The directors of NPAL at the Effective Time shall remain the directors of the Surviving Corporation, each to hold office from the Effective Time in accordance with the Certificate of Incorporation and By-Laws of the Surviving Corporation and until his or her successor is duly elected and qualified.
The officers of NPAL at the Effective Time shall remain the officers of the Surviving Corporation, each to hold office from the Effective Time in accordance with the Certificate of Incorporation and By-Laws of the Surviving Corporation and until his or her successor is duly appointed and qualified.
NPAL is a directly owned "controlled" U.S. subsidiary of TNCL within the meaning of Section 368(c) of the Code.
NPAL shall be the surviving corporation in the Merger (hereinafter sometimes referred to as the "Surviving Corporation").
In the event that LMC elects not to consummate the Merger in reliance on this paragraph, all obligations of TNCL, NPAL and LMC under this Agreement shall terminate.
Each of TNCL and NPAL agrees that, at and prior to the Effective Time, it will not take or cause to be taken (or fail to take or cause not to be taken) any action that would cause any of the statements in the Tax Certificate to be false or incorrect.
NPAL is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware.
Upon the execution and delivery of the Exchange Agreement by NPAL at the Closing, the Exchange Agreement will constitute the legal, valid and binding obligation of NPAL, enforceable against NPAL in accordance with its terms.
Each of Fox Kids, NPAL, each Material NPAL Subsidiary, TNCL and each Material TNCL Subsidiary is a corporation, partnership or other legal entity duly organized, validly existing and, if applicable, in good standing under the laws of the jurisdiction of its incorporation or organization.
NPAL owns, directly or indirectly, not less than 75% (in value and voting power) of the equity securities of the Subsidiaries listed on Schedule 5.8 hereto, except to the extent otherwise specified in such schedule.