OREX definition
Examples of OREX in a sentence
The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of OREX under the Loan Agreement or any of the other Loan Documents.
The Shareholders covenant, warrant and represent that none of the OREX Shares issued to the Shareholders will be offered, sold, assigned, pledged, hypothecated, transferred or otherwise disposed of except after full compliance with all of the applicable provisions of the Securities Act and the rules of regulations of the Commission and applicable state securities laws and this Agreement.
The Company has made available to OREX correct and complete copies of the minute book, articles of incorporation and bylaws of the Company, as amended to date.
The existence of any claim or cause of action by the Shareholders against OREX, whether predicated upon this Agreement or otherwise, shall not constitute a defense to the enforcement by OREX, or any of OREX's successors and assigns or Affiliates and such Affiliates' successors and assigns, but shall be litigated separately.
As of the Effective Time, the directors and officers of OREX immediately prior to the Effective Time shall be the directors and officers of the Surviving Corporation.
The OREX Shares to be acquired by the Shareholders pursuant to this Agreement are being acquired solely for his own account, for investment purposes only and with no present intention of distributing, selling or otherwise disposing of them in connection with a distribution other than in compliance with the Securities Act.
At the Closing, the Company shall cause to be delivered to OREX the written resignations of all of the directors and officers of the Company, which resignations shall be unconditional and effective as of the Closing Date.
Subject to applicable law, following surrender of any such Certificate, there shall be paid to the record holder of the Certificate representing whole OREX Shares issued in exchange therefor, without interest, at the time of such surrender, the amount of dividends or other distributions with a record date after the Closing payable with respect to such whole OREX Shares.
None of the actions, suits, proceedings, hearings, and investigations set forth in Section 3.19 of the Disclosure Schedule is likely after the Closing to result in any Adverse Consequences change in the business, financial condition, operations, results of operations, or future prospects of OREX and the Surviving Corporation.
Nothing in this Agreement shall be construed as an obligation or commitment of OREX to effectuate an Initial Public Offering at any time.