Tri-Flow definition
Examples of Tri-Flow in a sentence
Buyer shall have obtained certificates of existence and good standing issued by the appropriate state official of the state of incorporation of Ladder and Tri-Flow and each state in which Ladder and Tri-Flow are qualified to conduct business.
Tri-Flow is qualified to do business as a foreign corporation and is in good standing under the laws of each state or other jurisdiction in which the ownership or use of its properties and assets or the nature of its activities requires such qualification.
Each Seller shall deliver to Buyer the certificate(s) representing the issued and outstanding shares of Stock of Ladder and Tri-Flow owned by such Seller, duly endorsed in favor of Buyer, or accompanied by appropriate stock powers duly executed in blank assigning the Stock.
The authorized capital stock of Tri-Flow consists of 500 shares of $1.00 par value common stock, of which 334 shares are issued and outstanding.
Tri-Flow is a corporation duly organized, validly existing and in good standing under the laws of the State of Oklahoma, its state of incorporation, and has full corporate power and authority to carry on its business as now being conducted, to own and use its properties and assets, and to perform all of its obligations under the agreements and instruments to which it is a party and to which it is bound.
One Hundred Fifty Thousand and No/100 Dollars of the Purchase Price shall be allocated to the acquisition of the Stock of Tri-Flow and the remainder of the Purchase Price shall be allocated to the acquisition of the Stock of Ladder.