PRWT definition
Examples of PRWT in a sentence
All notices or communications hereunder shall be in writing, addressed as follows: To the Company: PRWT Services, Inc.
The Executive understands, acknowledges and agrees that prior to being able to receive any post-termination severance payments or other benefits referenced herein, Executive must deliver to PRWT, in writing, a general release in form and substance satisfactory to PRWT releasing PRWT and its subsidiaries from all liability.
The Executive understands, acknowledges and agrees that prior to being able to receive any post-termination severance payments or other benefits referenced herein, Executive must deliver to PRWT within such time as may be reasonably established by the Company subject to the requirements of applicable law, in writing, a general release in form and substance satisfactory to PRWT releasing PRWT and its subsidiaries from all liability.
Thereafter, this Agreement may be extended by the mutual consent of PRWT and KHAC for additional successive one year terms.
PRWT shall use its commercially reasonable best efforts to require each of its officers, directors, employees, agents, advisors, contractors, associates, clients, customers and representatives, to comply with the foregoing requirement.
Each of KBL and PRWT shall also take any and all actions required to satisfy the requirements of the Securities Act and the Exchange Act.
PRWT has heretofore made available to KBL or KBL’s counsel true and complete copies of the forms of documents used for the issuance of PRWT Stock Options and a true and complete list of the holders thereof, including their names and the numbers of shares of PRWT Common Stock underlying such holders’ PRWT Stock Options.
This Agreement and the consummation of the Merger and other transactions contemplated hereby have been duly and validly approved by the holders of the necessary outstanding PRWT Common Stock as required under the Applicable Pennsylvania Law.
The Audited Financial Statements were prepared in accordance with generally accepted accounting principles of the United States (“U.S. GAAP”) applied on a consistent basis throughout the periods involved (except as may be indicated in the notes thereto), and each fairly presents in all material respects the financial position of PRWT and its Subsidiaries at the respective dates thereof and the results of their operations and cash flows for the periods indicated.
The term “Agreement” as used herein refers to this Agreement and Plan of Reorganization, as the same may be amended from time to time, and all schedules hereto (including the PRWT Schedule and the KBL Schedule, as defined in the preambles to Articles II and III hereof, respectively).