SBID definition
Examples of SBID in a sentence
Neither SBID nor SC have taken any action which would give rise to any claim by any person for a brokerage commission, placement agent or finder’s fees or similar payments by SBID or SC relating to this Agreement or the transactions contemplated hereby.
SBID and SC have full corporate power and authority to enter into this Agreement and this Agreement has been duly and validly authorized, executed and delivered by SBID and SC and is a valid and binding obligation of SBID and SC, enforceable against SBID and SC in accordance with its terms, except as such enforcement may be limited by the bankruptcy laws and laws effecting creditors’ rights, generally.
The Parties agree that in consideration of the grant of the Participation Right, the Note is hereby terminated and cancelled effective the date hereof without any obligation on the part of SBID or other persons to pay principal or interest thereon.
SBID and SC have been duly organized, validly exist and are in good standing under the laws of their respective jurisdictions of formation.
SBID should refer to the Service Delegation and Asset Transfer document for the Salisbury Transfer, and agree with Salisbury City Council a similar Baseline Agreement for services.
Notwithstanding the foregoing, the City may retain from the collected assessments ten percent (10%) of the collected assessments for administration of the BID and SBID as provided in this Agreement.
As soon as the Buyer and/or SBID becomes aware of a fact or circumstance which shall result or may reasonably be expected to result in a delay of timely satisfaction of the Condition Precedent or the Condition Precedent not being satisfied at all or the fact that the Condition Precedent has been satisfied, the Buyer and/or SBID shall promptly notify the Seller and the Company accordingly.
At Closing, the Buyer or SBID, as the case may be, shall deliver statements from the transfer agent evidencing that the SBID Stock have been transferred to and registered in the name of the Seller.
For parking initiatives and schemes the SBID can review parking arrangements and come to conclusions on outcomes for them to fund.
The Buyer and SBID shall use their best efforts to satisfy the Condition Precedent and the Buyer shall use its best efforts to consummate the Transaction as soon as reasonably possible after the date of signing of this Agreement and in any event no later than 29 September 2014 (the ‘Long Stop Date’).