Recoton definition
Examples of Recoton in a sentence
A complete set of counterparts shall be lodged with each of Recoton and the Administrative Agent.
A copy of such agreement is on file with the Secretary of Recoton.
On or after the Effective Time, any certificates presented to the Exchange Agent, Recoton or the Surviving Corporation for any reason shall be converted into the Merger Consideration.
Acquisition Sub and Recoton are each corporations duly organized, validly existing and in good standing under the laws of their states of incorporation and have the requisite corporate power and authority to own, lease and operate their assets and properties and to carry on their businesses as they are now being conducted.
Notwithstanding the foregoing, no representation is made by ▇▇▇▇▇▇ with respect to information supplied by Recoton or Acquisition Sub or their representatives specifically for inclusion in the Proxy Statement.
If Recoton does not exercise the Bring-Along Right or if it proposes to sell less than all of its stock in the Company, the Optionee shall have the right, exercisable within ten days after receipt of the Sale Notice, to require the proposed purchaser to purchase a pro rata portion of the Optionee's stock, at the same time, at the same price and on the same terms and conditions as Recoton's stock is sold (the "Tag-Along Right").
This Agreement has been duly and validly executed and delivered by Recoton and Acquisition Sub, and, assuming the due authorization, execution and delivery hereof by ▇▇▇▇▇▇, constitutes a valid and legally binding agreement of Recoton and Acquisition Sub enforceable against them in accordance with its terms.
Employees of the Surviving Corporation shall be given credit for prior service with ▇▇▇▇▇▇ for purposes of crediting periods of service for eligibility and vesting of all such substitute employee benefits offered by Recoton or the Surviving Corporation.
Recoton and its subsidiaries have all material permits, licenses, franchises and other governmental authorizations, consent and approvals necessary to conduct their businesses as presently conducted.
Payments due under this Agreement or any other agreements or obligation between Recoton (or any affiliate thereof) and ▇▇▇▇▇▇ (or any affiliate thereof) may, at the election of either party, be set off against each other including by way of (but not limited to) cancellation of outstanding notes.