NVOC definition
Examples of NVOC in a sentence
The execution and delivery of this Agreement, the Ancillary Agreements to which Seller, NVOC and OCC are parties and the consummation of all of the transactions provided for herein and therein have been or, in the case of NVOC and OCC, will be duly authorized by the Board of Directors of each of Seller, NVOC and OCC and no other corporate or stockholder approval is required to be obtained prior to the Closing.
Each Material Contract assigned or to be assigned (i) by Seller to the Company pursuant to the ACA, (ii) by NVOC to the Company pursuant to the NVOC Asset Purchase Agreement, or (iii) by OCC to the Company pursuant to the OCC Asset Purchase Agreement, is valid and in full force and effect according to its terms.
Each of Seller, NVOC and OCC has the corporate power and authority to execute and deliver this Agreement and/or the Ancillary Agreements (as applicable) and to perform its obligations hereunder and thereunder.
To the Knowledge of Seller, the Company, NVOC or OCC (as applicable), the other parties to any of the Material Contracts are not in material default or breach under any such Material Contract nor has Seller, the Company, NVOC or OCC received notice that with notice or lapse of time or both such other parties would be in violation or breach of or default under any such Material Contract.
Except in regard to collective bargaining agreements (which is the subject of Section 2.15), each of Seller, the Company, NVOC, or OCC (as applicable) has duly performed all of its material obligations under such Material Contracts to the extent those obligations to perform have accrued and no material violation of, or material default or breach under, such Material Contracts by Seller, the Company, NVOC or OCC (as applicable) has occurred.
No claim, legal action, suit, arbitration, governmental investigation, action or other legal or administrative proceeding is pending or, to the knowledge of Seller, threatened against Seller, the Company, NVOC or OCC which would enjoin or delay the transactions contemplated hereby.
Neither Seller nor the Company, NVOC or OCC is subject to any order, judgment or decree which would prevent the consummation of the transactions contemplated hereby.
The parties --------------------------------------------- acknowledge that, pursuant to agreements dated September 29, 1998, the Company has purchased certain assets from, and has assumed certain liabilities of, ▇▇▇▇▇-▇▇▇▇▇▇▇ (Japan) Ltd., OCC and NVOC (the "Subsidiary Asset Purchase Agreements").
There are no unsatisfied judgments against the Assets or Seller, the Company, NVOC or OCC.
On the Closing Date, Seller shall cause NVOC and Buyer shall cause the Company to and the Company shall execute and deliver an agreement, substantially in the form attached hereto as Exhibit F (the "▇▇▇▇▇▇▇ Facility Supply Agreement"), pursuant to which NVOC shall supply heavy yarns to the Company through NVOC's facility in ▇▇▇▇▇▇▇, Belgium (the "▇▇▇▇▇▇▇ Facility") on the terms and subject to the conditions set forth therein.