Sinomar definition
Examples of Sinomar in a sentence
Sinomar is not a “non-resident” of Canada for the purposes of the Tax Act.
The Closing shall be closed in escrow subject to the closing of the sale of the Sinomar Common Shares pursuant to the Financing.
This Agreement is a legal, valid and binding obligation of Sinomar, enforceable against it in accordance with its terms subject to: (i) bankruptcy, insolvency, moratorium and other laws relating to or affecting the enforcement of creditor’s rights generally, and (ii) the fact that equitable remedies, including the remedies of specific performance and injunction, may only be granted in the discretion of a court.
At the Closing, options to purchase Sinomar Common Shares at an exercise price of $0.30 per share shall be granted to directors, officers, employees and/or consultants of Sinomar and/or CCSA for such number of options as shall be designated by the Shareholders.
The representations and warranties of Sinomar contained in this Agreement or in any document delivered in order to carry out the transactions contemplated hereby shall be true and accurate on the date hereof and at the Closing Time with the same force and effect as though such representations and warranties had been made as of the Closing Time regardless of the date as of which the information in this Agreement or other document made pursuant hereto is given.
Sinomar has good right, full corporate power and absolute authority to enter into this Agreement and to perform all of its obligations under this Agreement.
The conditions contained in Section 5.5 hereof are inserted for the mutual benefit of the Shareholders, CCSA and Sinomar and may be waived in whole or in part with the consent of all parties.
Sinomar is not in default with respect to any judgment or order of any court, governmental authority or arbitration board or tribunal.
At the Closing, the Shareholders shall enter into an escrow agreement in relation to the Sinomar Common Shares acquired by the Shareholders, as contemplated in Section 2.1, as may be required by the Exchange.
Prior to the date of filing of the Filing Statement by Sinomar with the Exchange, the Shareholders shall have conducted a due diligence examination of Sinomar and shall be satisfied with the results thereof, or shall promptly notify Sinomar that it is not so satisfied.