USOL definition
Examples of USOL in a sentence
Buyer will cooperate with Seller in its efforts to obtain the items described in this Section 8.3(b) by providing USOL with the Grande Financial Information.
USOL is not engaged in discussions or negotiations with any Person or Persons with respect to, and has not solicited or furnished any information to any Person or Persons who, to USOL's knowledge, is or are currently contemplating negotiations or an offer regarding, a consolidation or merger or other business combination, recapitalization, liquidation, or similar transaction, or any other transaction which could be conditioned upon, or otherwise require, the termination of this Agreement.
Seller and Buyer agree that any changes in such Article VI information, even if such changes are considered material as they generally relate to Seller or to USOL Holdings, Inc.
Notwithstanding anything to the contrary contained in this Agreement, the provisions of this Section 6.12 shall survive the Effective Time and are intended to be for the benefit of, and shall be enforceable by, each present and former director and officer of USOL and shall be binding on all successors and assigns of the Surviving Corporation.
FLCI and USOL further agree that all rights to indemnification now existing in favor of the present or former directors or officers of USOL in any indemnification agreement between such Person and USOL shall survive the Merger and continue in full force and effect in accordance with the terms of such agreement.
FLCI has delivered to USOL for inspection all Tax Returns of, and all examination reports and statements of deficiency assessed against or agreed to by, FLCI for which the applicable statute of limitations has not expired.
FLCI will give full credit to each such FLCI employee for all service performed for USOL by such employee.
There are no obligations, contingent or otherwise, of USOL or any of its Subsidiaries to repurchase, redeem or otherwise acquire any shares of USOL Common Stock or the capital stock of any Subsidiary or to provide funds to or make any investment (in the form of a loan, capital contribution or otherwise) in any such subsidiary or any other entity other than guarantees of bank obligations of Subsidiaries entered into in the ordinary course of business.
The FLCI Other Warrants which will be issued hereunder shall be identical to the terms of the USOL Other Warrants.
The Merger Consideration delivered upon the surrender of USOL Certificates in accordance with the terms hereof shall be deemed to have been delivered in full satisfaction of all rights pertaining to such USOL Certificates, and there shall be no further registration of transfers on the records of the Surviving Corporation of shares of USOL Stock which were outstanding immediately prior to the Effective Time.