SKM definition
Examples of SKM in a sentence
SKM is a corporation duly ------------------------------------- organized, validly existing and in good standing under the laws of the Republic of Korea and has the corporate power and authority to enter into this Agreement and to perform its obligations hereunder.
If the Holders do not resolve such matters in writing within such sixty (60) days, Liquid Audio shall have the option to purchase the Shares of SKM or to have SKM purchase all of the Shares then held by Liquid Audio, pursuant to Section 5.6.
Prior to Liquid Audio's subscription for ------------------------- Shares as set forth in Section 2.5, SKM shall procure that the current Articles are amended so that they are substantially the same as Exhibit A.
LAK and SKM covenant that from the date of this Agreement --------- until the Closing Date, (i) LAK shall remain as a dormant company and (ii) no shares or any other type of securities of LAK shall be issued (other than that provided under Section 2.5) nor any option or pre-emptive rights be granted to any party over any shares of LAK.
SKM shall have a limited license to use the LA Materials internally for the purpose of furthering the contemplated joint venture between the parties in a manner subject to the mutual approval of both parties, and for no other purpose.
The Lodger undertakes to pay the SKM the price for accommodation (dormitory fee) and fees for services related to the accommodation properly and on time.
If SKM undergoes a Change in Control, Liquid ------------------ Audio shall have the right to terminate this Agreement by giving notice thereof in writing to all other Holders.
Providing business consulting and support; (collectively, the "Services") In respect of the Services, SKM acknowledges that the Services have been provided since 1 October 1998 and that such Services shall continue until 31 December 1998.
Liquid Audio is willing to render such consulting and advisory services to SKM.
This Agreement constitutes a valid, legally binding and enforceable obligation of Liquid Audio, assuming due authorization and delivery hereof by SKM and LAK.