Vitrix definition
Examples of Vitrix in a sentence
This Agreement has been duly authorized, executed, and delivered by Vitrix, has been duly executed and delivered by the Shareholders, is the legal, valid, and binding obligation of Vitrix and the Shareholders, and is enforceable as to them in accordance with its terms (subject to applicable bankruptcy, insolvency, other laws affecting the enforceability of creditors' rights generally, and to the discretion of the court with respect to granting equitable remedies).
For purposes of this Agreement, Mr. Shumway shall be ▇▇▇▇▇▇ ▇▇ ▇ompete with Vitrix if he takes any measures, actively or passively, directly or indirectly, to obtain employment, or should accept any employment with any of the Company's competitors as an employee, consultant, or otherwise.
This Agreement shall be assigned automatically to any entity merging with or acquiring Vitrix or its business.
For the purpose of determining the number of FBR Shares to be issued to the Vitrix Shareholders in this transaction, no effect is given to capital stock issuable upon the exercise of the currently outstanding and unexercised stock purchase warrants or options of either FBR or of Vitrix.
No representation or warranty by Vitrix or any Shareholder made in this Agreement (including the Schedules hereto) contains or on the Closing Date will contain any untrue statement of a material fact.
The Shareholders who are parties to this Agreement shall own, in the aggregate, not less than ninety percent (90%) of the capital stock of Vitrix outstanding at the Closing and shall have tendered the same pursuant to this Agreement.
FBR is acquiring the shares of Vitrix from the Shareholders for its own account and not with a view to the resale or distribution thereof and with no present intention of distributing the same or selling the same for distribution.
Except as disclosed in Schedule 2.7 attached hereto, there is no litigation, arbitration, claim, governmental or other proceeding (formal or informal) or investigation pending or threatened (or any basis therefor known to Vitrix or any Shareholder) with respect to Vitrix, any Shareholder (to the extent material to this Agreement or the transaction contemplated hereby) or any of its or his, to the extent material to this Agreement, business, properties, or assets.
Vitrix has, and will continue to have as a subsidiary of FBR, the full right to conduct its business as it is now and as it is proposed to be conducted after the Closing hereunder free of any rights or equities in any other person.
The Board may terminate Employee's employment by Vitrix prior to the expiration of the term of employment for cause upon written notice to the Employee stating the facts constituting such cause, provided that Employee shall have 20 days following such notice to cure any conduct or act, if curable, alleged to provide grounds for termination for cause hereunder.