TODI definition
Examples of TODI in a sentence
There are no options, warrants, calls, convertible securities or other rights, agreements or commitments obligating TODI to issue, deliver or sell shares of its capital stock or obligating TODI to grant, extend or enter into any such option, warrant, call or other such right, agreement or commitment.
Subject to Section 2.3, Tath▇▇ Offshore shall sell for $60 million to DeepTech or an Affiliate of DeepTech (i) all of the outstanding capital stock of TODI and (ii) all of the right, title and interest of Tath▇▇ ▇▇▇shore under the Drilling Order as it relates to the substitute rig in such agreement.
The authorized capital stock of TODI consists of 1,000 shares of common stock, par value $.01, of which 1 share is validly issued and outstanding, which is owned by Offshore.
If any adjustment is made with respect to a Tax Return which includes TODI and at least one other member of the Offshore Group, Offshore shall pay, indemnify and hold harmless Company and TODI against any Taxes resulting from such adjustment.
Bagi penawar-penawar yang berminat adalah dikehendaki mendeposit sepuluh peratus (10%) daripada harga rizab atau minimum RM2,000.00 yang mana paling tinggi dalam bentuk Bank Draf atau Kasyier Order di atas nama AmBank (M) Berhad untuk akaun TODI ASHISH pada hari lelongan awam.
Notwithstanding anything herein to the contrary, Adjustment Requests with respect to any Company Pre-Contribution Federal Consolidated Return, any Company Pre-Contribution State Combined Return, or any Separate Tax Return of TODI for periods beginning before the Contribution Date, shall be made at the sole discretion of Company.
In the absence of controlling change in law or circumstances, all Tax Returns filed by Company, TODI, Offshore or DeepFlex (or required to be prepared by DeepFlex under Sections 2.02 and 2.03) after the date of this Agreement shall be prepared on a basis consistent with the elections, accounting methods, conventions, and principles of taxation used for the most recent taxable periods for which Tax Returns involving similar items have been filed.
No member of the DeepFlex Group shall be entitled to any payment or benefit as a result of the receipt of any Tax refund received by any member of the Company Group, and TODI shall not be entitled to any payment or benefit as a result of the receipt of any Tax refund received by any member of the Offshore Group or the DeepFlex Group.
Offshore will not settle any such audit in a manner which would adversely affect TODI after the TODI Payment Date without the prior written consent of Company.
All intending bidders are required to deposit with the Auctioneer, prior to the auction sale, ten per cent (10%) of the reserve price OR a minimum of RM2,000.00 whichever is higher by Bank Draft or Cashier’s Order only in favour of AmBank (M) Berhad for the a/c of TODI ASHISH.