SFNTC definition
Examples of SFNTC in a sentence
RJR Tobacco, SFNTC and American Snuff Co. have entered into agreements to indemnify certain distributors and retailers from liability and related defense costs arising out of the sale or distribution of their products.
In accordance with GAAP, RAI and its subsidiaries, including RJR Tobacco, American Snuff Co. and SFNTC, as applicable, record any loss concerning litigation at such time as an unfavorable outcome becomes probable and the amount can be reasonably estimated on an individual case-by-case basis.
RJR Tobacco, SFNTC and American Snuff Co. believe that the indemnified claims are substantially similar in nature and extent to the claims that they are already exposed to by virtue of their having manufactured those products.
Additionally, SFNTC has entered into an agreement to indemnify a supplier from liability and related defense costs arising out of the sale or use of SFNTC’s products.
SFNTC is duly incorporated, validly existing and in good standing under the laws of the State of New Mexico and has full corporate power and authority to own property and to conduct its business as described in the Registration Statement, the Time of Sale Information and the Prospectus.
In June 2011, RJR Tobacco submitted a reply to Walgreen’s counsel, and SFNTC submitted a reply in July 2011.
RJR Tobacco and SFNTC each believes that it has valid defenses to Walgreen’s claims.
During the Term, RJRT agrees to purchase, and Supplier agrees to sell to RJRT, ***** of RJRT’s filter tow requirements from Supplier, with such purchases, together with any purchases of filter tow by SFNTC from Supplier pursuant to Subsection 4 of Section VI (Other), ***** (such amount, as may be adjusted pursuant to the terms of the immediately succeeding paragraph, the “RJRT Allotment”) without Supplier’s and RJRT’s prior written mutual agreement.
Before the Closing Date, Seller GP shall cause SFNTC Japan to prepare a certified copy of the shareholder register of SFNTC Japan reflecting Buyer as the holder of the Interests of SFNTC Japan and on the Closing Date immediately following the Closing, Seller GP shall provide such copy to Buyer.
SFNTC owns: (i) the Purchased IP; and (ii) all of the issued and outstanding equity interests in Santa Fe Natural Tobacco Company: Germany GmbH (“SFNTC Germany”).