PTSC definition
Examples of PTSC in a sentence
Upon the consummation of the transactions set forth in that certain Stock Purchase Agreement (the “SPA”), dated as of even date herewith, among the Company, PTSC Sub One, Inc., Mosaic ImmunoEngineering, Inc.
The number of Directors that each such Shareholder shall have the right to nominate shall be calculated by first dividing the Shareholder's percentage ownership of all issued and outstanding Shares of PTSC by the number nine (9), then rounding any resulting fraction up or down to the nearest whole integer (a resulting fraction of one-half shall be rounded up).
PTSC shall be managed by a Board of Directors to be elected at the General Meeting of Shareholders.
If the Expansion is not granted the applicant may appeal to the Chair of PTSC.
The Board of Directors may call such payments, subject to approval by the General Meeting of Shareholders, in U.S. Dollars at such times and in such amounts as may be necessary to meet the expenditures of PTSC in accordance with the Financial Plan.
If, after the Commencement of Commercial Operations, the Board of Directors shall determine that PTSC should increase its authorized capital, the Board of Directors shall give notice to the Shareholders and set a General Meeting of Shareholders for approval of the authorized capital increase.
PTSC was incorporated with an initial authorized capital (the "Initial Authorized Capital") of Rp 191,275,000,000 (One Hundred Ninety-One Billion, Two Hundred Seventy-Five Million Rupiah) [US$87,500,000 (Eighty-Seven Million, Five Hundred Thousand United States Dollars)], divided into Shares of par value Rp218,600 (Two Hundred Eighteen Thousand, Six Hundred Rupiah) [US$100 (One Hundred United States Dollars)] each.
The number of Commissioners that each such Shareholder shall have the right to nominate shall be calculated by first dividing the Shareholder's percentage ownership of all issued Shares of PTSC by the number twenty (20), then rounding any resulting fraction up or down to the nearest whole integer (a resulting fraction of one-half shall be rounded up).
While the Parties intend that each Party shall be free to compete with each other Party and with PTSC, the Parties agree that none of the Project Information or other information which has been obtained concerning the Project or PTSC shall be used by any Party to the detriment of the other Parties or PTSC, or otherwise in contravention of Article 18.
Nor shall any Party, without the written consent of the other Parties or except in the case of a Transfer pursuant to Section 5.4, 5.7 or 5.8, make any Transfer of less than all of its Shares to a single transferee as a result of which either the transferring Party or its transferee shall own less than five percent (5%) of all Shares of PTSC then issued.