Examples of VBI Subsidiary in a sentence
Schedule 5.8 to the Disclosure Letter lists each Employee Benefit Plan or other plan maintained for employees of VBI or any VBI Subsidiary (a "VBI Plan") and true and complete copies of each such VBI Plan have heretofore been delivered to HIG.
Schedule 5.20 to the Disclosure Letter contains a true, correct and complete list of all real property owned by VBI or any VBI Subsidiary.
VBI and the VBI Subsidiary maintain and will continue to maintain a standard system of accounting established and administered in accordance with generally accepted accounting principles.
Sworn employees of the fire department: the work period shall begin at 12:00 a.m. Monday and runs 28 consecutive days until 11:59 p.m. Sunday.
The VBI Financial Statements fairly present in all material respects the financial condition and operating results of VBI and the VBI Subsidiary as of the dates, and for the periods, indicated therein, subject in the case of the unaudited VBI Financial Statements to normal year-end audit adjustments and footnote disclosures.
In accordance with the directions of the Company’s Board of Directors, the Company will use the proceeds from the sale of the Shares hereunder to provide the required unencumbered cash to VBI pursuant to the Merger Agreement and thereafter for general working capital of the Company, VBI and the VBI Subsidiary, following the Merger.
VBI or a VBI Subsidiary is the holder of good, indefeasible and marketable fee simple title to such real property free and clear of all Liens, except for such Liens which would not have a Material Adverse Effect on VBI.
Except as otherwise shown on such balance sheets (including the notes thereto), pledged in the ordinary course of business or listed on Schedule 5.5 to the Disclosure Letter and except as disposed of in the ordinary course of business since that date, VBI or a VBI Subsidiary owns as of December 31, 1995 the properties and assets reflected on the December 31, 1995 consolidated balance sheet, free and clear of any Liens.
As soon as reasonably available, but in no event more than thirty (30) days after the end of each month, VBI will deliver to Acquirer the unaudited financial statements of VBI and each VBI Subsidiary as of the end of each such month.
Except as set forth in Section 4.9 of the VBI Disclosure Schedule with respect to the VBI Subsidiary, the property and assets that VBI owns are free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, except for statutory liens for the payment of current taxes that are not yet delinquent and encumbrances and liens that arise in the ordinary course of business and do not materially impair VBI’s ownership or use of such property or assets.