RETC definition
Examples of RETC in a sentence
The issuance of all of the shares of RETC described in this Section 2.2 have been, or will be, as applicable, in compliance with U.S. federal and state securities laws and state corporate laws and no stockholder of RETC has any right to rescind or bring any other claim against RETC for failure to comply with the Securities Act, or state securities laws.
RETC shall have performed and complied in all material respects with all agreements and covenants required by this Agreement to be performed or complied with on or prior to the Closing Date.
The execution and delivery of the Agreements by RETC and the consummation by RETC of the transactions contemplated hereby and thereby, have been duly authorized by all necessary corporate action of RETC, and no other corporate proceedings on the part of RETC are necessary to authorize the Agreements or to consummate the transactions contemplated hereby and thereby.
In no event shall any such indemnification payments exceed $50,000 in the aggregate from RETC.
All claims of RETC pursuant to this Section 7.2 shall be brought by RETC on behalf of RETC and those Persons who were stockholders of RETC immediately prior to the Closing Date.
This Agreement and any certificate attached hereto or delivered in accordance with the terms hereof by or on behalf of RETC in connection with the transactions contemplated by this Agreement, when taken together, do not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements contained herein and/or therein not misleading.
All the accounts, books, registers, ledgers, RETC Board minutes and financial and other records of whatsoever kind of RETC have been fully, properly and accurately kept and completed; there are no material inaccuracies or discrepancies of any kind contained or reflected therein; and they give and reflect a true and fair view of the financial, contractual and legal position of RETC.
RETC has all corporate power and authority to execute and deliver this Agreement and all agreements, instruments and other documents to be executed and delivered in connection with the transactions contemplated by this Agreement (collectively the “Agreements”) to perform its obligations hereunder and to consummate the transactions contemplated hereby and thereby.
There is no Action pending or, to the knowledge of RETC, currently threatened against RETC or any of its affiliates, before any court or by or before any governmental body or any arbitration board or tribunal, nor is there any judgment, decree, injunction or order of any court, governmental department, commission, agency, instrumentality or arbitrator against or relating to RETC or any of its affiliates.
There shall not have been any event, occurrence or development that has resulted in or could result in a Material Adverse Effect on or with respect to RETC.