Zylonet definition
Examples of Zylonet in a sentence
Since its incorporation, and at all times since then, Zylonet is and has been properly taxable as a “C” corporation for federal and New Jersey State and local income Tax purposes.
Each of Skynet and Zylonet is a corporation duly organized, validly existing and in good standing under and by virtue of the Laws of the State of New York and New Jersey, respectively, and has all power and authority, corporate and otherwise, and all governmental licenses, franchises, permits, authorizations, consents and approvals required to own and operate its properties and assets and to carry on its business as now conducted and as proposed to be conducted.
The only office, warehouse or business location of Skynet is located at 4▇▇/▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ and 1▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇; and the only office or business location of Zylonet is located at 1▇▇▇ ▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ (collectively, the “Office”).
In connection with the calculations set forth in this Section 2.6, the Shareholders shall make available, or shall cause Skynet and Zylonet to make available, the Books and Records (as such term applies to Skynet and Zylonet) of Skynet and Zylonet for the purposes of calculating Indebtedness, Adjusted Tangible Assets and/or Minimum Required EBITDA.
Any shares of Zylonet Common Stock held as treasury shares shall be canceled and not be converted into the right to receive any consideration.
Except as set forth in Schedule 3.6, none of the Members (x) engages in any business, except through Seller or Zylonet or Skynet, or is an employee of or provides any service for compensation to, any other business concern or (y) owns any equity security of any business concern, except for publicly traded securities.
Each issued and outstanding share of Zylonet Common Stock shall be converted into the right to receive (i) the Initial Consideration, and (ii) the Contingent Payment, if applicable, as shall be determined pursuant to Section 2.5(b) (the “ZS Merger Consideration”).
All Zylonet Common Stock shall be cancelled, and each holder of a certificate representing any Zylonet Common Stock shall thereafter cease to have any rights with respect to such Zylonet Common Stock except the right to receive the ZS Merger Consideration pursuant to the terms hereof.
Seller has none of its records, systems controls, data or information recorded, stored, maintained, operated or otherwise wholly or partly dependent on or held by any means (including any mechanical, electronic or photographic process, whether computerized or not) which (including all means of access thereto and therefrom) is not under the exclusive ownership (excluding licensed software programs) and direct control of Seller or Skynet or Zylonet and which is not located at the Office.