The company also announced that it has entered into a binding agreement
for the sale of its Zindart Manufacturing division to a new company founded by Christopher Franklin, the current manager of the Zindart Manufacturing division.
While market interest should be required and paid on related-party loans, under the current regulations, a below-market interest rate on an employee loan will not be considered to be a binding agreement
and so will not be a governing provision, unless entered into with a principal purpose of circumventing the one-class-of-stock requirement.
Since the binding agreement
relates to distribution or liquidation proceeds, the agreement is considered a "governing provision" altering the rights to distribution proceeds so that those rights are not identical.
The proposed alliance is subject to Geoinformatics establishing the financial capacity to carry-out a US$20 million exploration program over 24 months from, and to the execution of the formal binding agreement
(the "Master Agreement") by, January 31, 2006.
The terms of the signed binding agreement
state that "After September 15, 2005, Young-Shannon may terminate this agreement at their sole discretion as long as the agreement is in good standing for shares due to MacMillan, exploration expenditures have been paid, and the exploration properties are returned in good standing with a minimum of 6 months of assessment work credits and taxes paid.
TSX:SAS) ("St Andrew") wishes to announce that it has reached a binding agreement
to sell its 28.
The company also reached a binding agreement
to acquire 100 percent of CargoLoad Logistics, Sdn Bhd.
This distribution agreement is the definitive binding agreement
referred to in Brightpoint's June 9, 2005 announcement concerning its co-operation agreement with Skype.
Skype"), which is subject to the execution of a definitive binding agreement
under which Brightpoint will act as an authorized distributor.
the "Matoyee") has entered into a binding agreement
to purchase from Mr.
The parties are therefore free to continue to negotiate the terms of the transaction prior to entering into any binding agreements
in respect of the proposed transaction.
A final decision will be made once binding agreements
Travel Business Review-January 24, 2011--LAN Airlines Enters Into Binding Agreements
with TAM(C)2011] ENPublishing - http://www.
It is rather the constant attempts of some Anglican provinces to force the Canadian and American churches to renounce actions taken in total conformity with their canons and without violating any binding agreements
, undertakings or commitments made to other provinces--with our resignation from the Communion as the suggested alternative.
A Massachusetts judge is set to rule on a breach of contract suit that could establish email messages as binding agreements
for real estate deals.