NRS definition
Examples of NRS in a sentence
As of the date of this Agreement, no “fair price,” “moratorium,” “control share acquisition” or other antitakeover Law or similar domestic or foreign Law (including Sections 78.378 to 78.3793, inclusive, and Sections 78.411 to 78.444, inclusive, of the NRS) applies with respect to SPAC in connection with this Agreement or the Arrangement (including the Share Exchanges).
For purposes of NRS 92A.105, the name and jurisdiction of the Constituent Entity is IB Acquisition Corp., a Nevada corporation, and the name and jurisdiction of the Resulting Entity is IB Acquisition Corp., a Delaware corporation.
The indemnification provided by this Section 1 shall be mandatory and not permissive to the fullest extent permitted by the NRS and shall apply regardless of whether such indemnification is also available under the Company’s articles of incorporation, bylaws or any other agreement or arrangement.
To the fullest extent permitted by Chapter 78 of the Nevada Revised Statutes, including without limitation NRS 78.7502 and 78.751, as the same exists or may hereafter be amended (the “NRS”), the Company shall indemnify and hold harmless Indemnitee as set forth in this Agreement.
It is understood that the parties hereto intend this Agreement to be interpreted and enforced so as to provide, in each instance, indemnification and advancement of expenses to Indemnitee to the fullest extent permitted by the NRS, as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the Company to provide broader indemnification rights than the NRS permitted the Company to provide prior to such amendment).