NTPH definition
Examples of NTPH in a sentence
There has been no material pollution, contamination or leakage or release of hazardous substances exceeding the limits permitted under applicable environmental Laws, with respect to the real properties to be used by NewCo, the assets to be transferred to NewCo under the Company Split and the assets owned or used by NTPH.
Further, with respect only to the soil contamination of the assets owned or used by NTPH, there has been no material pollution, contamination or leakage or release of hazardous substances exceeding the limits permitted under the standards for industrial soil set by the United States Environmental Protection Agency and the relevant Governmental Authority could issue a clean-up order or any order to take remedial measures, or otherwise impose any sanction or penalties in NTPH in reference to such standards.
Seller (only in connection with the Volt Business), NewCo and NTPH have obtained and complied with, in all material respects, the terms and conditions of each Governmental Authorization issued, granted or required pursuant to the relevant environmental Laws.
Seller shall (x) obtain from the proper Regional District Office of the Bureau of Internal Revenue of the Philippines the CAR on the transfer of the NTPH Shares from Seller to NewCo under the Company Split, and (y) deliver such CAR to NewCo as soon as practicable.
Promptly upon obtaining the CAR relating to the transfer of the NTPH Shares from Seller to NewCo under the Company Split, Purchaser shall cause NTPH to record in NTPH’s stock transfer book the transfer of the NTPH Shares from Seller to NewCo.
There are no outstanding unpaid wages to the employees to be transferred to NewCo under the Company Split and to the Share Transfer Subsidiaries (other than NTPH and NTEU) under the Volt Business Transfer Agreements and the employees of NTPH and NTEU.
NewCo will on the Closing Date legally and beneficially own, all the NTPH Shares (save for the shares that will be legally owned and held in trust by the directors of NTPH), NTEU Shares, NewCo (AM) Shares and NewCo (HK) Shares, free and clear of any Liens and will be the sole owner of these shares.
The execution and performance of the Volt Business Transfer Agreements or the Non-Volt Business Transfer Agreement by the relevant Volt Operating Companies (other than Seller and NTPH) and the relevant Share Transfer Subsidiaries (other than NTPH) do not violate any of the terms of the articles of incorporation or other internal rules of each party thereto and the applicable Laws.
There is no material violation of any Law, Governmental Authorization, Judgment, recommendation, guidance, warning, caution, notice, indication, or any other communication similar to any of the foregoing made by a Governmental Authority relating to environmental matters in connection with the lands, buildings and any other real properties used by Seller in connection with the Volt Business and those used by NTPH.
Accounts receivable will not be transferred except for the accounts receivable related to the Volt Business owed by Seller to NTEU and the accounts receivable of NTPH and NTEU.