PHSL definition
Examples of PHSL in a sentence
PHSL is the owner of 99.5% of the members interest in Media Billing Company, L.L.C., a New York limited liability company (“Media Billing”) and Dr. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇.
Simultaneous with the execution and delivery of this Agreement, each of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇ ▇▇▇▇▇ shall execute and deliver to PHSL their undated resignations as officers and directors of IBD and each subsidiary of IBD, which undated resignations may be accepted at any time by PHSL.
In addition, PHSL shall have the sole right at any time following the Closing Date to designate the Persons who shall constitute the three (3) independent directors to the IBD Boards.
Until the next meeting of stockholders of IBD called, in whole or in part for the purpose of electing directors, the boards of directors of IBD and each of its Subsidiaries shall consist of eight persons, of which (i) three (3) persons shall be designed by PHSL, (ii) two (2) persons shall be designated by ▇▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇., and (iii) the remaining three (3) directors shall be independent directors within the meaning of the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002.
This Development/Operating Agreement (“Agreement”) is dated March 15, 2018, for execution purposes only and is entered into between (i) the City of Seaside (“City”), a California municipal corporation, and PHSL LLC., DBA Sugar Leaf Trading Company (ii) (“Owner”), a California Limited Liability Company.