SICC definition
Examples of SICC in a sentence
It is beside the point that ▇▇▇▇▇▇ could not ascertain the position with ▇▇ ▇▇▇▇▇▇▇; as the SICC noted, it could have taken other measures, and furthermore, it is precisely when the facts are difficult to ascertain that a party would tend to reserve its position.
The decision of the SICC that there was not a forgery was soundly based on the evidence before it and plainly correct.
Except as disclosed on Schedule 6.8, SICC and its Subsidiaries shall not increase the compensation (in whatever form) or the benefits payable or to become payable to any officer, director, consultant, or employee, except for increases in salaries for employees for the year 2006 consistent with past practice and in amounts (individually and in the aggregate) not be more than the standard, customary increases given to such employees in years prior to 2006.
In case any written claim, demand or deficiency with respect to any Tax is asserted or any action is commenced or written notice is given by any Taxing authority against SICC or Buyer, in respect to which indemnity may be sought against the Shareholders in accordance with Section 10.1 of this Agreement, Buyer shall give prompt written notice to the Shareholders.
No new elections with respect to Taxes or any changes in current elections with respect to Taxes affecting SICC or its Affiliates shall be made by SICC, its Affiliates or the Shareholders after the date of this Agreement without the prior written consent of Buyer which consent shall not be unreasonably withheld.
Neither SICC nor any Subsidiary currently is the beneficiary of any extension of time within which to file any report or return.
Neither SICC nor any Subsidiary is in violation of any term of its Articles of Incorporation or its Bylaws, and the Articles of Incorporation and Bylaws of SICC and its Subsidiaries are valid, binding and in full force and effect.
The parties agree that if this First Refusal Right is exercised in accordance with the provisions of Section 6.19 and the sale of SICC’s interest in RSA 6 & 7 has closed and the RSA 6 & 7 Value has been distributed to the Shareholders, the Purchase Price shall be adjusted to be reduced by an amount equal to the sum of (x) the RSA 6 & 7 Value, plus (y) any federal, state and local tax liability of SICC (on a consolidated basis) resulting from, and solely from such sale (the “RSA 6 & 7 Tax Liability”).
SICC shall be deemed to be in compliance with this Section 4.9 if SICC and its Subsidiaries spends on an average monthly basis at least [****](7) for advertising and promotional activities, consistent with past practice for the same months in 2005, for the period from the execution of this Agreement through the Closing Date.
No representations or warranty made by SICC or any of the Shareholders in this Agreement and no statement made in any document, schedule or exhibit referred to herein and furnished by SICC or the Shareholders contains or will contain any untrue statement of a material fact, or omits or will omit to state a material fact necessary to make the statements contained therein, in light of the circumstances in which they were made, not misleading.