Team Enterprises definition
Examples of Team Enterprises in a sentence
Team Enterprises hereby agrees and covenants that it shall (and if the merger referenced above is consummated, it shall cause the LLC to) maintain the insurance policies set forth on Section 3.20 of the Disclosure Schedules on the same terms and conditions and consistent with past practice until all Environmental Claims have been resolved.
The Investor understands that the Team Enterprises Shares have not been and will not be registered under the Act and have not been and will not be registered or qualified in any state in which they are offered, and thus the Investor will not be able to resell or otherwise transfer his, her or its Team Enterprises Shares unless they are registered under the Act and registered or qualified under applicable state securities laws, or an exemption from such registration or qualification is available.
Parent, the Acquirors, Team Enterprises, ▇▇▇▇ Hop, Team Equipment, FSI and the Shareholders have executed and delivered this Agreement or have caused this Agreement to be executed and delivered by their respective officers thereunto duly authorized, all as of the date first written above.
The acquisition by the Investor of any of the Team Enterprises Shares shall constitute confirmation of the representation by the Investor that the Investor does not have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participations to such person or to any third person, with respect to any of the Team Enterprises Shares.
Parent and Purchasers acknowledge that, subject to Section 6.11, Team Enterprises may liquidate or dissolve after the Closing, thereby distributing the Team Enterprises Shares to the Team Enterprises Shareholders.
The Investor has no immediate need for liquidity in connection with this investment, does not anticipate that the Investor will be required to sell his, her or its Team Enterprises Shares in the foreseeable future other than as may be required pursuant to the Escrow Agreement.
Each Investor agrees that no Investor nor any Investor’s controlling persons, officers, directors, partners, agents, or employees of shall be liable to any other Investor for any action heretofore or hereafter taken or omitted to be taken by any of them in connection with the issuance and sale of the Team Enterprises Shares contemplated hereunder.
Team Enterprises shall not, and the Team Enterprises Shareholders shall not permit Team Enterprises to, dissolve or otherwise terminate its corporate existence until the third anniversary of the Closing.
The issuance of the Team Enterprises Shares (the “Shares”) in accordance with Article II hereof has been duly authorized by all necessary corporate action by Parent and the Shares when issued pursuant to the terms hereof will be legally and validly issued and will be fully paid and nonassessable and no other person will have any preemptive rights with respect thereto.
The Investor further represents that it has had an opportunity to ask questions and receive answers from Parent regarding the terms and conditions of the offering of the Team Enterprises Shares and the business, properties, prospects and financial condition of Parent.