PPRT definition
Examples of PPRT in a sentence
Immediately after the P-PRT Contribution, P-PRT will be dissolved and its assets distributed to Dakota, LLC in complete liquidation.
P-PRT INTENDS THIS PROXY TO BE IRREVOCABLE (UNTIL THE END OF THE VOTING PERIOD) COUPLED WITH AN INTEREST AND SHALL TAKE SUCH FURTHER ACTIONS AND EXECUTE SUCH OTHER INSTRUMENTS AS MAY BE NECESSARY TO EFFECTUATE THE INTENT OF THIS PROXY AND HEREBY REVOKES ANY PROXY PREVIOUSLY GRANTED BY P-PRT WITH RESPECT TO THE OWNED SHARES.
Pohlad's Board of Directors have approved, or will approve prior to the Closing, as the case may be, this Agreement and the transactions contemplated hereby, including, but not limited to, the Exchange, the formation of DakBev, the DakBev Merger, the formation of Dakota, LLC, the Pohlad Contribution and the P-PRT Contribution.
This Agreement constitutes a valid and binding agreement of P-PRT, enforceable against P-PRT in accordance with its terms.
In the event of any stock split, stock dividend, merger, reorganization, recapitalization or other change in the capital structure of PPR affecting the PPR Stock, or the acquisition of additional shares of PPR Stock or other securities or rights of PPR by P-PRT, the number of Owned Shares shall be adjusted appropriately, and this Agreement and the obligations hereunder shall attach to any additional PPR Stock or other securities or rights of PPR issued to or acquired by P-PRT.
P-PRT further warrants that there are no outstanding options, warrants or rights to purchase or acquire, or agreements relating to, any of the Owned Shares.
The Lessor declares that to his knowledge, the Building is not as of this date located in an area covered by a prescribed or approved PPRT or NRPP, or a NRPP for which some provisions have been made effective immediately or within a seismic zone.
Neither the execution and delivery of this Agreement by P-PRT nor the consummation by P-PRT of the transactions contemplated hereby shall conflict with or constitute a violation of or default under any contract, commitment, agreement, arrangement or restriction of any kind to which P-PRT is a party or by which P-PRT is bound.
As used herein, "Dakota Reorganization" shall mean, collectively, (i) the formation of each of DakBev and Dakota, LLC, (ii) the DakBev Merger, (iii) the Pohlad Contribution and (iv) the P-PRT Contribution.
P-PRT currently has good, valid and marketable title to the Owned Shares, free and clear of all security interests, liens, claims, charges, encumbrances, equities and options of any nature whatsoever, and with no restriction on the voting rights pertaining thereto.