SYCI definition
Examples of SYCI in a sentence
The copies of the Articles of Incorporation and bylaws of SYCI (collectively, the "Organizational Documents") that have been delivered to DSFX and SCHC prior to the execution of this Agreement are true and complete and have not been amended or repealed.
Except as set forth in the SYCI Disclosure Schedule, (a) all such inventories are of such quality as to meet in all material respects the quality control standards of SYCI, (b) all such inventories are recorded on the books at the lower of cost or market value determined in accordance with GAAP, and (c) no write-down in inventory has been made or should have been made pursuant to GAAP during the past two years.
Neither SYCI nor any other Person on behalf of SYCI (a) has executed or entered into a closing agreement pursuant to Section 7121 of the Code or any predecessor provision thereof or any similar provision of provincial, local or foreign law; or (b) has agreed to or is required to make any adjustments pursuant to Section 481(a) of the Code or any similar provision of provincial, local or foreign law.
SYCI has not received any notice and have no knowledge of any pending or threatened cancellation, revocation or termination of any of its Material Contracts to which it is a party, and there are no renegotiations of, or attempts to renegotiate.
SYCI has made available to DSFX a copy of each material written inspection report, questionnaire, inquiry, demand or request for information received by SYCI from (and the response of SYCI thereto), and each material written statement, report or other document filed by SYCI with, any Governmental Body since January 1, 2003.
Except as would not have a Material Adverse Effect, SYCI is not in breach or default of any of its Material Contracts to which it is a party and, to the knowledge of SYCI, no other party to any of its Material Contracts is in breach or default thereof.
All of such policies (a) taken together, provide adequate insurance coverage for the properties, assets and operations of SYCI for all risks normally insured against by a Person carrying on the same business as SYCI, and (b) are sufficient for compliance with all applicable Laws and Material Contracts of SYCI.
There are no outstanding contractual obligations (contingent or otherwise) of SYCI to retire, repurchase, redeem or otherwise acquire any outstanding shares of capital stock of, or other ownership interests in, SYCI or to provide funds to or make any investment (in the form of a loan, capital contribution or otherwise) in any other entity.
The Material Contracts of SYCI are valid and binding agreements of SYCI, as applicable, and are in full force and effect and are enforceable in accordance with their terms.
Neither SYCI nor the Shareholders has received any written notice from any Governmental Body or any other Person regarding: (a) any actual, alleged, possible or potential contravention of any Permit; or (b) any actual, proposed, possible or potential revocation, withdrawal, suspension, cancellation, termination of, or modification to, any Permit.