Tech Industries definition
Examples of Tech Industries in a sentence
Borrower will not and will not permit any of its Restricted Subsidiaries to make any Investment in or transfer any properties to any of the Inactive Subsidiaries (except for Investments in Tech Industries U.K. Ltd.
Without limiting the generality of the foregoing, Borrower will cause Tech Industries to report, to the extent required by and in accordance with the requirements of the Rhode Island Department of Environmental Management, elevated arsenic and TPH in ground water at Tech Industries’ facilities in Woonsocket, Rhode Island.
Each Warrant entitles the holder thereof (the “Holder”), at its option and subject to the provisions contained herein and in the Warrant Agreement referred to below, to purchase from Global Tech Industries Group, Inc., a corporation (including any successor thereto, the “Company”), one share of common stock, par value of $0.001 per share, of the Company (the “Common Stock”) at the per share exercise price of $2.75 (the “Exercise Price”).
In connection with the foregoing, Buyer shall not communicate with employees of Tech Industries, Inc., other than ▇▇▇▇▇ ▇.
The Partnership is subject to no obligations or liabilities (fixed or contingent) that will survive the Closing other than those of record running with title to the Property, the Tech Industries, Inc.
There are no possessory interests in, or obligations running with title to, the Property, other than the occupancy rights of Tech Industries, Inc., the easements, rights-of-way and other matters of record, any encroachments or boundary discrepancies that would be revealed by an accurate survey and all Permitted Encumbrances (as defined below).
The Buyer shall deduct from such amount (i) the amount of $1,122,293, and pay such amount for the account of the Tech Industries Sellers to EVP Securities LLC (as designee of Edgeview Partners LLC), and (ii) the amount of $100,000, and pay such amount for the account of the 84 Fairmount Street Sellers to Citizens Bank of Rhode Island, as Escr▇▇ ▇▇▇▇▇ (▇▇▇ "▇▇▇▇ow Agent") under the Environmental Escrow Agreement of even date herewith (the "Escrow Agreement").
Except for and with respect to the Company's dividend or other distribution to the Sellers of (a) cash and cash equivalents of the Company, and (b) outstanding shares of capital stock or assets of the Company's Subsidiary, Tech Industries Holland, B.V. ("Tech Holland"), or Tech Industries Ireland Limited, a wholly-owned Subsidiary of Tech Holland, the Sellers shall not permit the Company to declare or pay any dividends on, or make any other distribution in respect of, any shares of its capital stock.
Reference is hereby made to Section 3 of the Tech Industries Purchase Agreement.
On the date hereof, the Buyer and ▇▇▇▇▇▇▇ ▇▇▇▇ ("▇▇▇▇") have entered into that certain Stock Purchase Agreement of even date herewith (the "Tech UK Purchase Agreement"), pursuant to which the Buyer has agreed to purchase, and Wang has agreed to sell, all of the issued and outstanding shares of capital stock (the "Tech UK Stock") of Tech Industries U.K. Ltd., a Rhode Island corporation.