Scoa definition
Examples of Scoa in a sentence
This is also compounded by the fact that budget allocations for all infrastructure including Information Communication and Technology (ICT) are spread in different budget lines and there are no relevant items in the Standard Chart of Accounts (SCOA).
Prior to the Closing Date DRC shall permit SCOA reasonable access, during normal business hours and in a manner which will not unreasonably disrupt the conduct of DRC's business in the ordinary course, to its books and records, business operations, management personnel and providers of professional services so as to allow SCOA to complete any due diligence SCOA deems necessary in order for the final approvals within SCOA to proceed to the Closing to be obtained.
The Warrants are nontransferable; provided, however, that should SCOA dissolve or merge with another entity that is the survivor, the Warrants may be transferred in accordance with the plan of dissolution or the applicable merger agreement, but not otherwise.
SCOA represents and warrants that is experienced and sophisticated investors industry, that it is familiar with the financial condition of DRC, the operation of the assets owned by DRC or one of its subsidiary entities, and that it is entering into this transaction based upon its own due diligence and knowledge of the DRC without reliance on any representation or warranty of DRC other than those expressly set forth in this Agreement.
Upon SCOA's exercise of so much of the SCOA Warrant so that SCOA will have acquired not less than 1,500,000 shares of Common Stock in accordance with the provisions of this Agreement and the Warrant Agreement and for so long as the Marketing Agreement is in effect, SCOA shall have the right, but not the obligation, to nominate one additional candidate for appointment and election to DRC's Board of Directors.
DRC agrees to nominate as a director and shall use its best efforts (including recommending the election of such additional nominee to DRC's stockholders) to cause SCOA's additional nominee to remain as a director of DRC by SCOA.
In the event of any adjustment pursuant to this Paragraph 4.4, no fractional shares of Common Stock shall be issued in connection with the exercise of the SCOA Warrant.
This Agreement represents the final agreement between SCOA and DRC with respect to the subject matter hereof and may not be contradicted by evidence of prior, contemporaneous, or subsequent oral agreements of SCOA and DRC.
For such period of time as SCOA has but one (1) director appointed in accordance with the provisions of this Paragraph 6.3, SCOA shall be entitled to nominate a SCOA employee or officer (the "Observer") to attend the meetings of DRC's Board of Directors and DRC's Board of Directors agrees to and shall permit such Observer to attend all meeting of DRC's Board of Directors, in a non-voting capacity only.
SCOA shall promptly make all filings required by the '34 Act which may be required as a result of its entering into the Transaction Agreements or by reason if an officer, employee or a nominee being appointed to DRC's Board of Directors.