SUT definition
Examples of SUT in a sentence
All issued and outstanding shares of Texas SUT Common Stock and Ordinary Shares of Superior Cables Holding are duly authorized, validly issued, fully paid and non-assessable.
In the event that this Agreement is terminated by the Sellers in accordance with the provisions of Section 10.1.6(b) or (e), then Alpine shall reimburse SUT for all of such amounts within two business days after such termination.
The total amount of funds required by SUT to consummate the Offer and the Merger (including the refinancing of certain indebtedness of Superior and Essex International) and to pay related fees and expenses is estimated to be approximately $1.30 billion.
If Buyer timely objects to the proposed determination or allocation, Buyer and SUT agree to attempt in good faith to resolve such disagreement.
There is no claim, litigation, investigation, hearing, action, suit or proceeding pending or, to the knowledge of SUT, threatened by or against any member of the DNE Group, at law or in equity, by or before any Governmental Authority, with respect to the DNE Group, that would materially impair or delay the ability of SUT to perform its obligations under this Agreement or to consummate the transactions contemplated by this Agreement.
If the Closing occurs, Alpine shall reimburse all of such amounts to SUT at the Closing.
Prior to the execution and delivery of this Agreement, SUT has paid or caused to be paid to persons designated by Alpine or Buyer an aggregate of $400,000 representing actual, reasonable, documented out-of-pocket expenses incurred by Alpine or Buyer in connection with the transactions contemplated hereby.
Buyer shall not make any election under Section 338 of the Code (or any similar election under state, local or other tax law) with respect to the acquisition of the DNE Shares, the Texas SUT Shares or the Superior Cables Holding Shares.
If any such disagreement is not resolved within 10 days following SUT's receipt of notice from Buyer of Buyer's objection, the disagreement shall be submitted to a public accounting firm (the "Expert") mutually agreed upon by Buyer and SUT.
There is no claim, litigation, investigation, hearing, action, suit or proceeding pending or, to the knowledge of SUT or STI, threatened by or against Texas SUT or Superior Cables Holding, at law or in equity, by or before any Governmental Authority, with respect to the Superior Israel Group, that would materially impair or delay the ability of SUT or STI to perform their respective obligations under this Agreement or to consummate the transactions contemplated by this Agreement.