PCLP definition
Examples of PCLP in a sentence
The authorized capitalization of PCLP consists of 30,000,000 shares of common stock, par value $.01 per share, and 10,000,000 shares of preferred stock, par value $.01 per share, of which 3,649,543 shares are designated as Series A Preferred Stock.
PCL&P shall pay each Invoice, by the method specified in the Invoice, no later than ten (10) days after PCL&P’s receipt of the Invoice.
To the extent that PCL&P fails to timely perform its obligations hereunder, O&R, in addition to and not in lieu of any other rights and remedies available to it, including termination of this Agreement pursuant to Section 5, may draw upon the Cash Security or PCL&P L/C, as applicable, to satisfy, in whole or in part, such obligations.
As of the date hereof, PCLP has 8,196,523 common shares issued and outstanding, and 3,649,543 Series A Preferred Stock shares issued and outstanding.
Each of O&R and PCL&P shall appoint one representative as its primary point of operational contact for the administration and operation of this Agreement (the “Contact Managers”).
Cash furnished to O&R or PCL&P shall be by wire transfer to an account specified by the party that is to receive the cash.
Decreases (i.e., because the Required Amount has decreased) in the amount of the PCL&P L/C remaining for drawing upon by O&R to a level equal to the then applicable Required Level shall be made by PCL&P furnishing to O&R a Substitute PCL&P L/C that accomplishes such decrease and O&R countersigning such Substitute PCL&P L/C.
The consummation of this Agreement, including the issuance of the PCLP common shares to the Shareholders of ASI as contemplated hereby, constitutes the offer and sale of securities under the Securities Act, and applicable state statutes.
Seller, Clinsite, PCLP and their authorized representatives shall execute such confidentiality agreements with respect to such inspections as shall be reasonably requested by Purchaser.
On the Closing Date, all previously issued and outstanding common shares of ASI shall be transferred to PCLP, so that ASI shall become a wholly owned subsidiary of PCLP.