SDWW definition
Examples of SDWW in a sentence
The parties also agree that neither SDWW nor GOLV shall incur any additional indebtedness, except in the ordinary course of business.
Prior to the consummation or termination of the Reorganization and the sale of shares of GWWI, GOLV and SDWW will conduct their respective businesses only in the ordinary course and none of their respective assets relating to their respective businesses shall be sold or disposed of except in the ordinary course of business or as contemplated by this MOU and/or the Reorganization.
The parties and their respective agents, attorneys, and representatives have had full and free access to the properties, books, and records of SDWW and GOLV for due diligence purposes.
The parties agree that prior to the Closing or the termination of this MOU, neither GOLV nor SDWW shall, other than as set forth above in this MOU, issue additional securities or rights to acquire any securities without the consent of the other parties to this MOU.
The execution and delivery of this MOU and the consummation of the transactions contemplated hereby have been duly and validly authorized and no other proceedings on the part of SDWW are necessary to authorize the MOU and the transactions contemplated by the MOU.
Except for required present or future filings under state and federal securities laws, no authorization, consent or approval of, or filing that has not been duly made with, any governmental body or authority, and no authorization, consent or approval of any third party, is necessary for the consummation by SDWW of the transactions contemplated by this agreement.
GOLV shall bear the cost of having its counsel draft the required documents and agreements to effect the consummation of the Reorganization and the raising of the GOLV Capital, no portion of which shall be borne by SDWW or GWWI.
At the Closing, SDWW shall be a public "shell company" with no material assets or liabilities, other than those liabilities disclosed on Exhibit "A", attached hereto and incorporated herein by reference.
Upon the Closing, SDWW will change its name to "Greens Worldwide, Inc." or such other name as the parties agree to use.
On January 2, 2002, SDWW shall transfer all of the assets relating to its "Sedona Spa" business, inclusive of the proceeds of the "Initial Ball Shares", to ILX in consideration of the forgiveness of any and all of SDWW's indebtedness to ILX, with the intention that on January 2, 2002, and at the Closing, SDWW shall be a "shell company" with no material assets or liabilities.