PMSV definition
Examples of PMSV in a sentence
Glazer PMSV HOLDINGS LLC By:________________________________ Name: Paul A.
If PMSV shall desire to sell or lease the Stockbridge Property and shall receive a bona fide written offer to acquire or lease the same, PMSV shall promptly transmit a copy of such offer to AMSO and shall offer to convey or lease the Stockbridge to AMSO, at the price and on the terms and conditions set forth in such bona fide offer.
In the event of a default or failure on behalf of PMSV under the Supply Agreement or the performance or non-performance by PMSV of any of its covenants and obligations under the Supply Agreement, Vermont Pure shall enforce its rights under the Supply Agreement for the benefit of Purchaser and shall cooperate fully with Purchaser in the event that it seeks to enforce any of its rights hereunder as a third party beneficiary under the Supply Agreement.
PMSV shall sell to AMSO and AMSO shall purchase from PMSV all of AMSO's requirements for spring water from PMSV's spring located on property in Stockbridge, Vermont (the "Water").
If any federal, state or local governmental authority imposes any requirements in connection with the sale of Water to AMSO which would require testing or equipment in addition to that presently performed or used by PMSV, AMSO shall so notify PMSV and PMSV shall immediately purchase the required equipment and/or commence the required testing.
Pursuant to a letter agreement between BlueStone and the Company, dated October 29, 1998, Bluestone granted PMS&V a priority with respect to piggyback registration of its shares over other security holders of the Company who have piggyback registration rights, including the shares issuable upon exercise of this Warrant.
AMSO shall be responsible for arranging for the transportation of all Water purchased from PMSV and PMSV shall have no liability or obligations with respect thereto.
Further PMSV grants AMSO the right and license to enter the Stockbridge Property (as defined in Section 11 below) to take and purchase Water in accordance with the terms of this Agreement.
PMSV shall immediately notify AMSO of any changes in permits, provisions, restrictions or laws that would prohibit AMSO from taking Water during the times and days specified above, and AMSO shall have no liability to PMSV with respect to the foregoing indemnification until PMSV has so notified AMSO of any such changes.
If AMSO does not so accept, PMSV shall have the right to transfer or lease the Stockbridge Property to the person or entity and at the price and upon the terms and conditions set forth in such bona fide offer received by PMSV, but only so long as such transfer or lease is effected within ninety (90) days after the date on which AMSO received such offer form PMSV.