PTIC definition
Examples of PTIC in a sentence
Supplier understands that PTIC will introduce prospective Buyers (herein referred to as 'Buyers') and agrees not to circumvent PTIC, not to discuss pricing or sell to Buyers directly or through third party.
Upon request from PTIC, Supplier may demonstrate and discuss item's condition and history with ▇▇▇▇▇▇.
Upon purchase, PTIC will first apply purchase funds toward the open bank liens on item(s) and balance will be paid to Supplier.
If agreeable between Parties, Supplier may accept from PTIC a lower price for Item(s) than indicated herein.
This Agreement supersedes any and all prior representations, conditions, warranties, understandings, proposals of previous agreements between Supplier and PTIC, oral or written, relating to the subject matter hereof and constitutes the complete agreement between the Parties.
The purchase price for the PTIC Purchased Securities shall be payable in full in cash or by certified cheque without withholding, deduction or set-off in any manner whatsoever (other than any withholding required or expressly permitted by applicable tax law).
Upon payment by Newco of the purchase price for the Zarlink Purchased Securities, the PTIC Purchased Securities or the EdgeStone Preferential Purchased Securities, as the case may be, the Corporation shall have no further obligations to Zarlink under Section 6.6, to PTIC under Section 6.7 or to EdgeStone under Section 6.8, as the case may be.
It is the intention of the parties hereto that Seller shall not be an “affiliate” (as such term is defined in Rule 405 under the Securities Act) of the Counterparty including PTIC or the Combined Company following the closing of the Business Combination, as a result of the transactions contemplated hereunder.
PTIC has total assets as of the date hereof and expects to have as of the closing of the Business Combination of at least USD $5,000,001.
In no event shall the aggregate amount payable to PTIC pursuant to clause (i) and (ii) above for all of the Shares issued or issuable to PTIC on the date hereof exceed $16,000,000.