Technetics definition
Examples of Technetics in a sentence
Other than Technetics, neither Celerit nor Celerit Solutions owns any Equity Securities of any other Person.
To the Knowledge of the Shareholder, no proceeding has been instituted in any jurisdiction revoking, limiting or curtailing or seeking to revoke, limit or curtail the power and authority or qualification of Technetics within such applicable jurisdiction.
Celerit, Celerit Solutions and Technetics may be referred to herein collectively as the “Company Entities”.
Upon such adjustment, Technetics shall assign such uncollected accounts to Sellers, who shall be given full power to collect the same as part of the assignment.
The purchase price to be paid by the Buyer for the Shares, together with all other shares of Technetics outstanding, shall consist of cash of $275,000, subject to adjustment as described below (the "Cash Purchase Consideration"), and $150,000 aggregate principal amount of secured promissory notes in the form attached hereto as Exhibit 1.2 (the "Secured Notes" and, collectively with the Cash Purchase Consideration, the "Purchase Consideration"), subject to adjustment pursuant to Section 1.4 hereof.
Technetics is duly qualified and entitled to carry on its business in each other jurisdiction where the failure to so qualify would have a material adverse effect on Technetics.
Following the date hereof and prior to Closing, the parties shall use commercially reasonable efforts to negotiate in good faith the terms and conditions of a supply agreement between the Business and Technetics Group, LLC.
Neither Technetics, nor any fiduciary of any Qualified Plan, nor any agent of any of the foregoing, has taken any action that would adversely affect the qualified status of a Qualified Plan or the qualified status of any related trust.
Technetics is not liable for any amounts in respect of debts, wages, salaries or fees, accrued vacation, personal time off, or other normally accrued benefits (other than for the current pay period) due and owing to any of the officers, directors or employees of Technetics that are not reflected in the Pre-Closing Financial Statements.
The Sellers, jointly and severally, shall indemnify and hold the Buyer harmless for any federal, state and local income tax liabilities and payroll liabilities incurred by Technetics prior December 31, 1998 which are not appropriately reflected on the Year-End Balance Sheet as audited, or incurred by Technetics after December 31, 1998 and prior to the Closing Date which are not appropriately reflected on the Closing Balance Sheet.