Westek definition

Westek or the “Assignor”), Medical Diagnostic Innovations Ltd. (the “Assignee”), and In Veritas Medical Diagnostics, Inc. (the "Company").
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Examples of Westek in a sentence

  • The Parties hereto do hereby acknowledge that the Majority Shareholder is a professional trustee that holds interests as a trustee in businesses and entities, in addition to the Westek Employee Trust, and as trustee of the Westek Employee Trust will not become involved in the management of either of the Corporations, HEMP or Sports Information.

  • The HEMP Preferred Stock are owned of register and (with the exception of the Majority Shareholder, which holds the relevant shares on trust for the Westek Limited Employee Trust) beneficially by the Majority Shareholder and those Minority Shareholders listed on SECTION 1.1(a) TO THE DISCLOSURE SCHEDULE annexed hereto, and the HEMP Common Stock is owned by the HEMP Shareholders as listed on SECTION 1.1(b) TO THE DISCLOSURE SCHEDULE.

  • In Veritas Medical Diagnostics, Inc., a Colorado corporation (the "Company"), and Westek Limited ("Westek") entered into a certain Loan Agreement dated as of June, 2004 (the "Loan Agreement").

  • Stockholders (as defined in the HEMP Share Purchase Agreement) arranging the additional financings (as also defined in the HEMP Share Purchase Agreement), all contractual or other obligations, if any, of Westek to continue to fund any of the operations of either of the Corporations shall be cancelled and deemed to be of no further force or effect.

  • Subject to the following, to the extent that the Financing Group Stockholders do not arrange the additional financings, Westek will provide or procure that any of such shortfall that is required by Jopejo is provided.

  • Westek hereby waives any and all rights and remedies under the Loan Agreement to require the Company to make principal or interest payments, or to enforce its security interest, prior to the Extended Maturity Date.

  • Westek shall, by reason of this Section 4.03(q), be under no obligation to provide or procure funding to a greater extent than it would have otherwise been under an obligation to provide.

  • Notwithstanding the foregoing, Westek may elect to convert the quarterly interest payment into shares of the Company's common upon five (5) days written notice to the Company.

  • Subject to Westek providing or procuring the payment of such shortfall, its contractual or other obligations to continue to fund any of the operations of either of the Corporations shall be cancelled and deemed to be of no further force or effect.

  • If Westek elects to convert the quarterly interest payment into shares of common stock, the number of shares to be issued to Westek shall be determined by dividing the quarterly interest payment by the average closing price of the Company's common stock during its most recently completed fiscal quarter.

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