Penril definition

Penril means Access Beyond, Inc., a Delaware corporation.
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Penril means Access Beyond, Inc., a Delaware corporation to which Penril has assigned all of its rights, duties, liabilities and obligations under the Agreement pursuant to Section 13.06 thereof. The parties desire to further amend the Agreement as follows.
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Examples of Penril in a sentence

  • Any notice, request, demand, claim, or other communication hereunder shall be deemed duly delivered two business days after it is sent by registered or certified mail, return receipt requested, postage prepaid, or one business day after it is sent via a reputable nationwide overnight courier service, in each case to the intended recipient as set forth below: If to the Company: Copy to: Penril DataComm Networks, Inc.

  • The litigation arises out of a contract in which Penril agreed to develop certain computer hardware and software to NSC's specifications.

  • Each and every obligation of Seller and Penril under this Agreement to be performed on or before the Closing Date shall be subject to the satisfaction, on or before the Closing Date, of each of the following conditions, unless waived in writing by Seller and Penril.

  • Instrument of Assumption of Liabilities made as of _____, 1996 by EMI Holding Corp., a Delaware corporation ("Obligor"), in favor of Electro-Metrics, Inc., a Delaware corporation ("Seller"), pursuant to an Asset Purchase Agreement dated November 13, 1996 (the "Agreement") among Obligor, Seller and Penril DataComm Networks, Inc.

  • Except for liabilities incurred pursuant to this Agreement, Penril has not, in its capacity as sole stockholder of Seller, directly incurred any liabilities on behalf of Seller, which did not directly benefit Seller.

  • Purchaser shall have furnished Seller and Penril with such certificates of its officers to evidence compliance with the conditions set forth in this Article XI as may reasonably be requested by Seller and Penril.

  • Ct. MD, No. 106878) (the "Penril Litigation") but only to the extent and subject to the terms described on Schedule 2.3(e).

  • By reason of the violation of the covenants in Sections 5.5 and 5.6 of the Credit Agreement for its fiscal quarter ended July 31, 1995, Penril is in Default under the 1995 Credit Agreement.

  • NSC IS seeking rescission of the contract, restitution of monies paid by NSC to be Penril, compensatory damages of $5,000,000 and punitive damages in an unspecified amount.

  • Prior to the Distribution, Penril will transfer to Access Beyond as of that date all of its and its subsidiaries rights, titles and interests in and to (i) the Assigned Assets and (ii) the Assumed Liabilities and those employees of Penril other than those listed on Schedule 1 (the "Transfer").