PTCF definition
Examples of PTCF in a sentence
If PTCF does not elect a form of consideration in the Acceleration Notice then the Purchaser shall be entitled to make such determination.
PTCF members will be appointed to scheduled laboratory instruction positions on a prorated basis determined by the number of hours included in that instruction.
Upon First Completion or Second Completion (as the case may be) the Sellers shall (and PTCF shall if it exercises its right under clause 10.1) be deemed to have given to the Purchaser the Title Covenants in respect of the First Completion Sale Shares and the Second Completion Sale Shares (as applicable).
PTCF is the sole legal and beneficial owner of that number of the Sale Shares as is set against its name in columns 2 and 5 of the table in Part A of Schedule 1 (the “PTCF Shares”).
No claim has been made in respect of the PTCF Shares by any person to be entitled to the benefit of any such Encumbrance.
LIMITED, a company limited by shares organised and existing under the laws of the Commonwealth of Australia and having its registered office at 3▇ ▇▇▇▇▇▇ ▇▇▇▇▇, 11th Floor, Sydney 2000 NSW, Australia (“BGL”), IIL, Rikonus and PTCF, collectively the “Sellers” and each a “Seller”; the Sellers and the Purchaser, each a “Party” and together the “Parties”.
The relevant notice must specify the proportion (expressed as a percentage) of the total Second Consideration to be received by PTCF in cash and/or in Consideration Shares.
The execution and performance by PTCF of this Agreement and the documents referred to in it will not breach or constitute a default under PTCF’s articles of association (or equivalent constitutional documents), or any agreement, instrument, order, judgment or other restriction which binds PTCF.
The PTCF Shares are fully paid or credited as fully paid and there is no Encumbrance on, over or affecting any of the PTCF Shares.
The Purchaser may, by notice in writing to the Sellers, waive in whole or in part the Conditions set out in clauses 5.1(A), 5.1(B) and 5.1(C) and IIL may, by notice in writing to the Purchaser and PTCF, waive in whole or in part the Conditions set out in clause 5.1(D).