PTBI definition
Examples of PTBI in a sentence
The foregoing notwithstanding, the Company's Board of Directors may, by written notice (a "Conditional Notice") to the Grantee, inform the Grantee that it (or PTBI or another Exercising Person) intends to exercise the Mabesa Option but only if the Grantee intends to exercise this Option, in which event the Exercise Event shall be deemed to have commenced on the date that the Grantee receives the Conditional Notice.
If the Grantee elects to exercise this Option following the delivery of a Conditional Notice, the Company must, unless otherwise required by law or other legal impediment or expressly permitted by the Grantee, at its sole discretion, exercise (or cause PTBI or another Exercising Person to exercise) the Mabesa Option.
The Seller has delivered to PTBI an unaudited balance sheet of Juliette (the "Juliette Balance Sheet") on and as of the Closing Date (the ---------------------- "Juliette Balance Sheet Date"), attached as Schedule 2.3 hereto.