Teldar definition
Examples of Teldar in a sentence
Effective on the Closing Date, all of the officers and directors shall have resigned as an officer, director and employee of Teldar.
To the best of Shareholder and Teldar's knowledge and belief, Teldar is not subject to any judgment, order or decree that is likely to have a material adverse effect on the business or financial condition of Teldar.
The Buyer is purchasing the Teldar Shares solely for his own account for the purpose of investment and not with a view to, or for sale in connection with, any distribution of any portion thereof in violation of any applicable securities law.
The authorized capital stock of Teldar consists of 100,000,000 authorized shares of common stock, par value $.0001, and 20,000,000 preferred shares, par value $.0001, of which 5,000,000 common shares and no preferred shares are presently issued and outstanding.
On the signing of this Agreement, via a duly executed Mutual Termination Agreement, dated January 11, 2002, Teldar canceled its agreement, dated April 10, 2001, with Shareholder, which provided for Shareholder to locate business transaction candidates for Teldar, and a Shareholder Agreement, of even date, with Shareholder.
No consent of any Person is required to be obtained by the Buyer to the execution, delivery and performance of this Agreement or the consummation of the sale of the Teldar Shares to the Buyer.
The delivery of certificates to the Buyer provided in Section 2.2 will result in the Buyer's immediate acquisition of record and beneficial ownership of the Teldar Shares, free and clear of all Encumbrances subject to applicable State and Federal securities laws.
To the best of Shareholder and Teldar's knowledge and belief, there is no action, suit, inquiry, proceeding or investigation by or before any court or Governmental Body pending or threatened in writing against or involving Teldar which is likely to have a material adverse effect on the business or financial condition of Teldar and its Subsidiaries, taken as whole.
The number of Teldar Shares required for issuance are duly authorized and reserved for issuance and, when issued, paid for and delivered as contemplated by this Agreement, will be validly issued, fully paid and nonassessable.
At the Closing, the Buyer shall pay an aggregate total of $25,000 (the "Purchase Price") in consideration for the Teldar Shares to Shareholder by cashier's check made payable to the order of the Shareholder.