Sican definition
Examples of Sican in a sentence
Each of the Company and its subsidiary, Sican Corporation (the "Subsidiary"), has all necessary corporate power and authority and currently holds all licenses, permits, and authorizations necessary to carry on the businesses in which it is engaged and to own and use the properties owned and used by it.
All of the issued and outstanding shares are held in sued and outstanding shares of Sican II Common Stock have been duly authorized, are validly issued, fully paid, and nonassessable, and are held of record by the respective Parties set forth in Section 4.6 of the Disclosure Schedule.
Each of ChiCol and Sican II holds of record and owns beneficially the number of shares of DO Group Common Stock set forth next to its name in Section 4.8 of the Disclosure Schedule, free and clear of any restrictions on transfer (other than any restrictions under the Securities Act and state securities laws), Taxes, Security Interests, options, warrants, purchase rights, contracts, commitments, equities, claims, puts, calls and demands.
Other than ChiCol, Sican II, and the other indirect Subsidiaries listed on Section 4.2.6 of the Operating Personnel Disclosure Schedule, Holding has no Subsidiaries.
ChiCol does not control directly or indirectly or have any direct or indirect equity ownership in any Person other than DO Group and Sican II.
There are no voting trusts, proxies, or other agreements or understandings with respect to the voting of the capital stock of Sican II.
All of the ChiCol Common Stock and the Sican II Common Stock have been duly authorized and are validly issued, fully paid, and nonassessable.
The Majority Shares constitute all of the issued and outstanding shares of capital stock of ChiCol and all of the issued and outstanding shares of capital stock of Sican II (other than the Sican II Common Stock held of record and owned beneficially by ChiCol).
Following the Minority Share Purchase, the DO Group Common Stock held of record and owned beneficially by ChiCol and Sican II will constitute all of the DO Group Common Stock not held of record and owned beneficially by Mity-Lite.
Section 4.2.6 of the Operating Personnel Disclosure Schedule sets forth for each of ChiCol and Sican II: (i) its jurisdiction of incorporation, (ii) the number of shares of authorized capital stock and the class thereof, (iii) the number of issued and outstanding shares of each class of capital stock, and (iv) the number of shares of capital stock held in treasury.