TFSB definition
Examples of TFSB in a sentence
Other than in connection with the provisions of the Securities Exchange Act and the state securities laws, TFSB, TFSI or TFS does not need to give any notice to, make any filing with, or obtain any authorization, consent, or approval of any government or governmental agency in order for the Parties to consummate the transactions contemplated by this Agreement.
Each of TFS, TFSI and TFSB has the corporate power and authority to carry on the businesses in which it is engaged and to own and use the properties owned and used by it.
In the event of a breach by TFS, TFSB or TFSI, IDW's sole remedy shall be to offset the amount of such damages incurred by IDW or IDW HK(as a result of such breach) against the amount owed and due to TFS and TFSI under the provisions set forth under Section 2(c)(i) relating to the Earn-Out Payment and Section 2(c)(iii) relating to the Inventory Payment.
TFSI has contributed one hundred percent (100%) of the equity interest in TFSB, and is the lawful owner of one hundred percent (100%) of the registered capital of TFSB.
Each of TFSB, TFSI and TFS has the corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder.
TFSB will not engage in any activity or take any actions that could have a Material Adverse Effect on the business of TFSB.
TFSB will obtain all required consents necessary to consummate the transactions contemplated herein, which shall include, but not be limited to, obtaining the necessary approvals from the Approval Authorities and amending the incorrect name of the shareholder in the TFSB articles of association and business license.
In addition, there are issues or pending claims relating to TFSB' warranties or defective products.
TFS does not have Knowledge of any executive, key employee, or group of employees that has plans to terminate employment with TFSB.
TFSB currently is not the beneficiary of any extension of time within which to file any Tax Return.