Phoebus definition
Examples of Phoebus in a sentence
Phoebus is duly qualified, licensed, authorized or admitted to do business and is in good standing under the laws of each jurisdiction in which the ownership, use, operation or leasing of its properties and assets, or the conduct or nature of its business, requires such qualification, licensing, authorization or admission.
Each of LFG and Phoebus holds of record and owns beneficially the TIDC Shares set forth opposite each of their names on Schedule 2.1(a) hereto free and clear of any restrictions on transfer (other than any restrictions under applicable state or federal securities laws), Taxes, Liens, options, warrants, Purchase Rights, contracts, commitments, equities, claims, and demands.
This Agreement has been duly executed and delivered by LFG and Phoebus and constitutes valid and binding obligations of LFG and Phoebus, enforceable against each of them in accordance with its terms.
Neither LFG nor Phoebus is a party to any voting trust, proxy, or other agreement or understanding with respect to the voting of any capital stock of TIDC.
All other Transaction Documents executed and delivered by LFG and/or Phoebus shall constitute valid and binding obligations of LFG and/or Phoebus, enforceable against each of them in accordance with their terms.
The MBPI Shares proposed to be acquired by each of LFG and Phoebus hereunder will be acquired for investment for its own account, and not with a view to the resale or distribution of any part thereof, and neither LFG nor Phoebus has a present intention of selling or otherwise distributing MBPI Shares, except in compliance with applicable securities laws.
LFG and Phoebus each have full power, authority and legal capacity to enter into this Agreement and the other Transaction Documents to which they are a party and to perform their obligations hereunder and thereunder.
Phoebus is duly organized, validly existing and in good standing under the laws of the British Virgin Islands and has all requisite power and authority to own, lease, use and operate its properties and assets and to carry on its business as and in the jurisdictions such properties and assets are owned, leased, used and operated and as such business is presently conducted.
Other than those which have been obtained by LFG and/or Phoebus, no Consent is required on the part of LFG or Phoebus to enable each of them to enter into and deliver this Agreement or the Transaction Documents, and to carry out all of the transactions contemplated hereby or thereby or the compliance by LFG and Phoebus with any of the provisions hereof or thereof.
CAOPU, LFG and Phoebus shall have obtained written consents of its board of directors and shareholders as required under applicable Law approving, among other items, this Agreement, the other Transaction Documents and the consummation of the transactions contemplated hereby and thereby.