Examples of Xxxxxxxx Islands Business Corporations Act in a sentence
Except as described in the Time of Sale Memorandum, the Final Memorandum, the TGP LPA and the TOO LPA, there are no preemptive rights or other rights to subscribe for or to purchase, nor any restriction upon the voting or transfer of, any equity interests of the Teekay Entities, except in relation to the Teekay Entities that are not wholly owned, and except as provided in Section 78 of the Xxxxxxxx Islands Business Corporations Act.
Except as provided in the Credit Agreements and by Section 43 of the Xxxxxxxx Islands Business Corporations Act, no Subsidiary is prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution on such subsidiary’s equity securities, from repaying to the Company any loans or advances to such subsidiary from the Company or from transferring any of such subsidiary’s property or assets to the Company or any other subsidiary of the Company.
Unless otherwise specified by the Member and except as otherwise limited under this Agreement, each Officer shall be authorized to act on behalf of the Company in the same manner as a corresponding officer of a business corporation formed under the Xxxxxxxx Islands Business Corporations Act.
But many, often smaller, congregations and charities have been unable to access PPP loans or, having received a loan, have declined to accept the loan, due to confusing rules, inadequate assistance, news stories warning about ineligible applicants, and the particular service priorities of many financial institutions.
As used in this paragraph, the term "Insolvent" means being unable to pay debts as they become due in the usual course of the debtor's business in accordance with Section 2(g) of the Xxxxxxxx Islands Business Corporations Act.
There are no restrictions on subsequent transfers of the Shares under the Xxxxxxxx Islands Business Corporations Act.
With respect to each Management Agreement, (i) the Owner that is party thereto is not in default of any of its obligations thereunder, (ii) the Manager is not entitled to terminate such Management Agreement for any reason except as disclosed in the Pricing Disclosure Package, (iii) the Company is not aware of any default by the Manager thereunder, and (iv) such agreement is not voidable under Section 58 of the Xxxxxxxx Islands Business Corporations Act.
Except as described in the Prospectus (exclusive of any supplement thereto) and as provided in Section 78 of the Xxxxxxxx Islands Business Corporations Act, there are no preemptive rights or other rights to subscribe for or to purchase, nor any restriction upon the voting or transfer of, any equity interests of any of the Company Entities.
The independent agency must be approved by HUD, and may be the unit of general local government for the HA jurisdiction (unless the HA is itself the unit of general local government or an agency of such government).
Except for the General Partner’s right to maintain its 2% general partner interest in the Partnership and except for the preemptive rights contained in Section 78 of the Xxxxxxxx Islands Business Corporations Act, there are no preemptive rights or other rights to subscribe for or to purchase, nor any restriction upon the voting or transfer of, any equity interests of any of the Teekay Entities.