PPPD definition
Examples of PPPD in a sentence
No consent of any Person is required to be obtained by PPPD to the execution, delivery and performance of this Agreement or the consummation of the sale of the PPPD Shares, including, but not limited to, consents from parties to leases or other agreements or commitments, except for any consent which the failure to obtain would not be likely to have a material adverse effect on the business and financial condition of PPPD.
The buildings, plants, structures and material items of equipment and other personal property owned or leased by PPPD are, in all respects material to the business or financial condition of PPPD, in good operating condition and repair (ordinary wear and tear excepted) and are adequate in all such respects for the purposes for which they are being used.
PPPD is not subject to any judgment, order or decree that is likely to have a material adverse effect on the business or financial condition of PPPD, or which would require a payment by PPPD in excess of $2,000 in the aggregate.
There is no action, suit, proceeding, investigation, audit, claim, demand, deficiency or additional assessment in progress, pending or threatened against or with respect to any Tax attributable to PPPD or its assets or operations.
The operations of PPPD have been conducted in accordance with all applicable laws and regulations of all Governmental Bodies having jurisdiction over them, except for violations thereof which are not likely to have a material adverse effect on the business or financial condition of PPPD, or which would not require a payment by PPPD in excess of $2,000 in the aggregate, or which have been cured.
In the event the Closing does not occur on or before January 31, 2005, (i) the Escrow Agent shall return the Escrowed PPPD Founder Shares to PPPD; (ii) the Escrow Agent shall return the Cash Payment to the party providing such payment, and (iii) the Escrow Agent shall return the Escrowed FDA Shares to the shareholders of FDA.
This activity is not allowable if staff who deliver services part-time in a LGA service provider setting, such as a clinic, are performing PP&PD activities relating to the service provider setting in which they deliver services.
Prior to Closing, PPPD will timely file a consolidated federal income tax return for the taxable year ended December 31, 2004 and such return shall include and reflect the income, activities, operations and Transactions of PPPD for the taxable period then ended, and hereby expressly covenants and agrees to file a consolidated federal income tax return, and to include and reflect thereon the income, activities, operations and Transactions of PPPD for the taxable period through the Closing Date.
PPPD has all material licenses, permits, orders or approvals from the Governmental Bodies required for the conduct of its business, and is not in material violation of any such licenses, permits, orders and approvals.
PPPD shall prepare and file, or cause to be prepared and filed, all such consolidated or combined Tax Returns that are required or permitted to include the income, or reflect the activities, operations and Transactions, of PPPD, with respect to any taxable year or the portion thereof ending on or prior to the Closing Date, including, without limitation, PPPD's consolidated federal income tax return for such taxable years.