Private Subsidiary definition
Examples of Private Subsidiary in a sentence
None of the Company’s or its Private Subsidiaries’ employees is a member of a union that relates to such employee’s relationship with the Company or such Private Subsidiary, and neither the Company nor any of its Private Subsidiaries is a party to a collective bargaining agreement, and the Company and its Private Subsidiaries believe that their relationships with their employees are good.
The Commission has not issued any stop order or other order suspending the effectiveness of any registration statement filed by the Company or any Private Subsidiary under the Exchange Act or the Securities Act.
Neither the Company nor any Private Subsidiary is in violation nor default of any of the provisions of its respective certificate or articles of incorporation, bylaws or other organizational or charter documents.
Neither the Company nor any Private Subsidiary nor, to the Company's knowledge, any director, officer, agent, employee or affiliate of the Company or any Private Subsidiary is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”).
The issuance and sale of the Securities will not obligate the Company or any Private Subsidiary to issue shares of Common Stock or other securities to any Person (other than the Purchasers).
Neither the Company nor any Private Subsidiary is in default with respect to any Indebtedness.
With the exception of the engagement of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & Co. LLC, neither Boston Private nor any Boston Private Subsidiary nor any of their respective officers or directors has employed any broker, finder or financial advisor or incurred any liability for any broker’s fees, commissions or finder’s fees in connection with the Merger or related transactions contemplated by this Agreement.
None of, and neither the Company nor any Private Subsidiary has received a notice (written or otherwise) that any of, the Intellectual Property Rights has expired, terminated or been abandoned, or is expected to expire or terminate or be abandoned, within two (2) years from the date of this Agreement except as would not reasonably be expected to have a Material Adverse Effect.
Neither the Company nor any Private Subsidiary, nor, to the knowledge of the Company, any director or officer thereof, is or has been the subject of any Action involving a claim of violation of or liability under federal or state securities laws or a claim of breach of fiduciary duty.
Neither the Company nor any Private Subsidiary has any knowledge of any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.