Xethanol definition
Examples of Xethanol in a sentence
If such excess costs exceed the Royalties payable under the Amended Sublicense, then Xethanol shall, in addition to the right of set off described above, be entitled to exercise all other legal and equitable remedies in respect of the Event of Default giving rise to the License set forth in this Section 3.2. Xethanol shall not have the right to sell the Additive except as a component of Product that it sells.
Upon transfer of the Shares to Holdings by Xethanol, Holdings will have good and marketable title to the Shares free and clear of all Liens.
Holdings and H2Diesel shall also deliver such other documents as may reasonably be requested by Xethanol to further document the termination and release occurring effective as of the Closing.
At the Effective Date of the Merger, all shares of Xethanol common stock into which the Non-Dissenting Shares of Zen Pottery common stock are to be converted pursuant to the Merger shall be validly issued, fully paid and nonassessable and shall be issued in full satisfaction of all rights pertaining to the corresponding shares of Zen Pottery common stock.
Xethanol, as the Surviving Corporation in the Merger, will continue to be governed by the laws of the State of Delaware and the separate corporate existence of Xethanol and all of its rights, privileges, immunities and franchises, public or private, and all of its duties and liabilities as a corporation organized under the DGCL will continue unaffected and unimpaired by the Merger.
At that time all rights, franchises and interests of Xethanol and Zen Pottery, respectively, in and to every type of property, whether real, personal or mixed, and choices in action shall be transferred to and vested in Xethanol by virtue of the Merger without any deed or other transfer.
The address for such notices and communications shall be as follows: If to the Company: Xethanol Corporation ▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Facsimile: (▇▇▇) ▇▇▇-▇▇▇▇ Attention: President With a copy to: Boylan, Brown, Code, ▇▇▇▇▇▇ & ▇▇▇▇▇▇, LLP ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Facsimile: (▇▇▇) ▇▇▇-▇▇▇▇ Attention: ▇▇▇▇▇▇ ▇.
At the end of such thirty (30) business day period, Xethanol shall deliver to H2Diesel a certificate of an executive officer of Xethanol that states that all such materials have been returned or destroyed.
At any time before the Effective Date of the Merger, this Merger Agreement may be terminated and the Merger may be abandoned for any reason whatsoever by the Board of Directors of either Zen Pottery or Xethanol, or by both, by the adoption of appropriate resolutions and written notification thereof to the other party to the Merger, notwithstanding the approval of this Merger Agreement by the stockholders of Zen Pottery or Xethanol, or by both.
Xethanol acknowledges that all information received by it from H2Diesel concerning the Additive, including the Know-How and the Improvements, constitutes Confidential Information belonging to H2Diesel or Licensor.