Tecon definition
Examples of Tecon in a sentence
Consent to sale of the Shares from the holder of the indebtedness under that certain Master Loan Agreement between Tecon Water Company, L.P. and CoBank, ACB dated May 1, 2002, as amended by that certain Amendment to Master Loan Agreement dated July 29, 2003.
Since the date of the Supplement, the Company has changed its name from Tecon Water Company, L.P. to Monarch Utilities I L.P. The parties now desire to amend the Supplement to reflect the change in the Company’s name.
Execution of this Plan and performance by Tecon hereunder have been duly authorized by all requisite corporate action on the part of Tecon, and this Plan constitutes a valid and binding obligation of Tecon and performance hereunder will not violate any provision of the Articles of Incorporation, Bylaws, agreements, mortgages or other commitments of Tecon.
Each of the Consultants hereby accepts employment by Tecon for the services performed pursuant to this Agreement.
Tecon has no knowledge of any assertion by any governmental agency or other regulatory authority of any environmental lien, action or proceeding, or of any cause for any such lien, action or proceeding related to the business operations of Tecon or Tecon' predecessors.
In the event this Agreement is terminated in accordance with the terms hereof, Purchaser shall be subject to Section 2B of the October 22, 2003 Confidentiality Agreement between Purchaser and Tecon Water Company, L.P., which for purposes hereof shall also apply to Purchaser’s dealings with employees of Seller’s Affiliates.
The Proceeds of the Term Loan shall be used for the Tecon Acquisition.
All services performed at the request of Tecon by the Consultants shall have been performed within 120 days from the date hereof, at which time this Plan shall terminate, unless otherwise provided herein; provided, however, this Plan may be extended for an additional 120 day period by written agreement of Tecon and any of the Consultants.
Tecon and the Consultants agree to indemnify and hold the other harmless for any loss or damage resulting from any misstatement of a material fact or omission to state a material fact by the other contained herein or contained in the S-8 Registration Statement of Tecon to be filed hereunder, to the extent that any misstatement or omission contained in the Registration Statement was based upon information supplied by the other.
Such invoice shall be paid by Tecon in accordance with Section 1.4 above, subject to (i) the satisfaction of the management of Tecon that the services have been performed, and to the extent performed, that the performance was in a satisfactory manner; and (ii) prior completion of an Agreement and Plan of Reorganization between Tecon, BuyIt.com, a Califo▇▇▇▇ ▇▇▇▇oration ("BuyIt"), and the stockholders and subscribers to purchase shares of common stock of BuyIt (the "BuyIt Plan").