VPSB definition
Examples of VPSB in a sentence
The Surviving Corporation will (i) maintain separate debt instruments and maintain its own corporate and debt credit rating, as well as a rating for long-term debt and (ii) absent approval by the VPSB, not declare or pay any dividends on its capital stock if such dividends would result in a capital structure that would reduce the percentage of equity below the percent reflected in the capital structure in the Surviving Corporation’s most recent forecasted capitalization to the VPSB.
The Surviving Corporation will continue to provide service consistent with the Service Quality and Reliability Performance, Monitoring, and Reporting Plan adopted by the Company, as revised and most recently approved by the VPSB in Re Central Vermont Public Service Corporation, Docket No. 6865, Order entered December 14, 2005, 2005 WL 3729980 (Vt. P.S.B.).
The approval of the Merger and the other transactions contemplated by this Agreement from the VPSB shall not contain any term that has the effect of reducing the Merger Consideration to be received by the holders of Shares in their capacity as such, and any Company Required Governmental Approval that would reasonably be expected to contain such a term shall have been obtained by Final Order.
No consent or approval of, or exemption by, shareholders or any Governmental Body is required to authorize, or is required in connection with the execution, delivery and performance of, this Agreement and the Notes, or is required as a condition to the validity or enforceability of this Agreement and the Notes, except for the approval of the VPSB referred to in paragraph 5.6.
Only parties may appeal from, or seek reconsideration of, the VPSB Order.
The VPSB is not currently conducting and has not conducted within the five (5) year period immediately preceding the date hereof, an investigation of the Company or any of its Subsidiaries, other than an investigation conducted by the VPSB in its routine general supervisory role of the Company as a public utility company.
None of the Directors, Major Shareholders or persons connected with the Directors or Major Shareholders of the Company have any interest, directly or indirectly, in the Acquisition save that Datin Yap Ai Choo and Ng Jer Yiing, who are directors of MERSB are also directors of VPSB and they have abstained from deliberation and voting.
VPSB owns all faculty and student accounts and their content, and may, at any time, suspend or delete an account for violations of the Acceptable Use Policies.
We note that before any of the Administrative Agent, Lenders and Collateral Agent take any action under the Collateral Agreement or other Transaction Documents to acquire, sell, or exercise voting or other consensual rights with respect to ten percent or more of the outstanding voting securities of the Company it or they must obtain the approval of the VPSB as provided in Section 107 of Title 30 of the Vermont Statutes Annotated.
Subject to paragraph 2.17, the Agent shall have received true copies for each Bank of the order or orders of the VPSB approving this Agreement in the form executed and delivered to the Agent by the Company and each Bank with no material changes to this Agreement.