WEBN definition
Examples of WEBN in a sentence
The parties hereby (i) irrevocably submit to the exclusive jurisdiction of any federal or state court sitting in the Borough of Manhattan, the City of New York, (ii) waive any objection to laying of venue in any such action or proceeding in such courts, and (iii) waive any objection that such courts are an inconvenient forum or do not have jurisdiction over any party.
If a WEBN is required by law to make such a disclosure, it must first provide to FAVE the content of the proposed disclosure, the reasons that such disclosure is required by law, and the time and place that the disclosure will be made.
In the event that any of the information received from WEBN to FAVE is misrepresented, inaccurate, false or misleading, FAVE shall have the right to immediately terminate this agreement upon 5 days written notice to WEBN.
In the event that WEBN determines to make a public comment, statement, or communication concerning the acquisition of WEBN, the form and content of such public comment, statement or communication shall be approved by FAVE.
During the period from the Signing Date until the Termination Date, the WEBN shall each operate their businesses in the ordinary course.
The FAVE will directly acquire 100% of the shares of stock of WEBN in exchange for $5,000 cash and 50,000 grant of restricted shares, 25,000 upon signing and 25,000 a year later based on performance of one million dollars ($1,000,000) in total sales volume.
It is intended that WEBN would continue to market and sell the programming in the production division of FAVE.
FAVE the parent company will take over all accounting and non day-to-day administrative functions of WEBN.
The parties intend that WEBN will combine with the production division of FAVE, named Net Video Networks or any other name approved by FAVE, for the purpose of forming and growing a larger production division.
Except as and to the extent required by law, without the prior written consent of FAVE, WEBN will direct its representatives not to make, directly or indirectly, any public comment, statement, or communication with respect to, or otherwise to disclose or to permit the disclosure of the existence of discussions regarding the acquisition of WEBN or any of the terms, conditions, or other aspects of the transaction in this agreement.