San Telmo definition
Examples of San Telmo in a sentence
San Telmo has not incurred (and will not incur) any obligation or liability, contingent or otherwise, for brokerage fees, finder's fees, agent's commission, financial advisory fees, legal fees, printing costs or other similar costs with respect to the transactions contemplated hereby which shall exceed $350,000.
All Taxes shown to be payable on the Returns or on Assessments with respect thereto have been paid in full on a timely basis, and no other Taxes are payable by San Telmo or the Subsidiary with respect to items or periods covered by such Returns.
Both Brian Bass, who is the President and Chief Executive Officer of San Telmo and a director of both.
San Telmo believes that the AJM Report reasonably presents the quantity and pre-tax present worth value of estimated future net revenue values of oil and natural gas reserves of San Telmo and the Subsidiary as at the effective date thereof in respect of reserves information therein based upon information available in respect of such reserves at the time such report was prepared and the price assumptions contained therein.
The average sales volumes for San Telmo from April 30, 2005 to September 30, 2005 for oil and natural gas liquids is 75 boe/d and for natural gas, is 2,250 mmcf/d.
San Telmo has made available to AJM prior to the issuance of the AJM Report, for the purposes of preparing such report, all information requested by AJM which information did not contain any material misrepresentation at the time such information was so provided.
All outstanding San Telmo Shares have been duly authorized and validly issued, are fully paid and non-assessable and all San Telmo Shares issuable upon exercise of outstanding San Telmo Options in accordance with their respective terms will be duly authorized and validly issued, fully paid and non-assessable.
The minute books of San Telmo and the Subsidiary are and will be at Closing correct and contain the minutes of all meetings and all resolutions of the directors and shareholders thereof and there will be no unanimous shareholder agreements among the San Telmo Shareholders.
As of the date hereof, San Telmo is not aware that any of the San Telmo Securityholders are proposing to exercise Dissent Rights in connection with any of the transactions contemplated by this Agreement.
As of the date hereof, 3,700,000 San Telmo Shares are issuable pursuant to the exercise of outstanding San Telmo Options and 1,833,262 San Telmo Shares are issuable pursuant to San Telmo Warrants.