Take all such other steps as may be Doughties foods inc or appropriate to put Buyer in actual and complete ownership and possession of the Purchased Assets. Doughtie was assisted in the daily packaging process by hard-working family members so he could then take to the road selling the Doughties foods inc product.
The Portsmouth facility is subject to open air burning restrictions which require refuse to be hauled off the premises rather than burned. Maintain the Purchased Assets in good operating repair and condition and maintain the level of Inventories in accordance with past practices, except as otherwise provided in this Agreement.
Satisfactory to Seller's Counsel. The volume increases from multi-unit accounts more than offset the reduction in sales to the Department of Defense. The salable Finished Goods shall be paid for in cash and delivered at Closing.
Further Action by Seller. Instead, he saw his actions simply as a solution to a short-term problem: Certificates of Authorities; Corporate Authorization.
Inhe inflated Gravins' inventory by including three pages of fictitious inventory items in the count sheets that summarized the results of the division's annual physical inventory. No Further Force or Effect.
Although the Company has never experienced a fuel shortage, its operations could be adversely affected if sufficient quantities of diesel or other fuels could not be obtained due to shortages or for other reasons.
This Agreement may be terminated and abandoned at any time prior to or on the Closing Date: Over the next 10 years, Doughtie's experienced great change with the purchase of Portsmouth Frozen Foods and the construction of a new facility located on Wesley Street in Portsmouth.
TWB, as the wholly-owned surviving entity of the merger, was included in the Company 's consolidated tax return.
In fact, many times they are the only way to get a certificate for a particular company because the issued certificates were redeemed and destroyed. Separate financial statements and supplemental schedules of the registrant are omitted because there are no restricted net assets of subsidiaries as defined in Rules and of Regulation S-X.
Seller's Obligations at Closing. The foregoing calculation should not be deemed an admission that any of the officers and directors of the Company or any of the members of the Doughtie family are "affiliates.
At the Closing, concurrently with the performance by Seller of its obligations to be performed at the Closing, Buyer shall: Finally, inNashwinter admitted to a superior that he had been filing false inventory reports to corporate headquarters for several years.
The ratio of current assets to current liabilities from to remained relatively unchanged. Execute, grant, create or suffer any Encumbrance upon the Purchased Assets.
Buyer shall have furnished to Seller a a certificate of the State Corporation Commission dated as of not more than twenty days prior to the Closing Date, attesting to the organization and good standing of Buyer, and b a copy, certified by the Secretary or an Assistant Secretary of Buyer, of resolutions duly adopted by the Board of Directors of Buyer duly authorizing this Agreement, the Supply Agreement and the transactions contemplated hereby and thereby.
Seller has no franchises relating to its Business, and none are presently required for the conduct thereof. Seller agrees to keep Buyer informed of its running estimate as to the expected levels of the Inventory at Closing. The Company has no material long-term contract with respect to the supply of any of such items, except i pursuant to the Product Supply Agreement dated as of February 28,between the Company and The Smithfield Ham and Products Company, Incorporated "Smithfield"the Company agreed to purchase from Smithfield its requirements of barbecue and chili products for a period of five years and ii pursuant to the Product Supply Agreement dated as of April 14,between the Company and Coddle Roasted Meats, Inc.Doughtie's Sysco Food Services, Inc.
was founded in as Doughtie's Foods, Inc. and was acquired by SYSCO Corporation on August 29, The company distributes a full line of institutional food products to approximately 1, customers in Virginia, Maryland, North Carolina, and Delaware, generating over $87 million dollars in annual sales.
The following is an excerpt from a K/A SEC Filing, filed by DOUGHTIES FOODS INC on 5/25/ Doughtie's Foods, Inc. is a Virginia Domestic Corporation filed on November 16, The company's filing status is listed as 20 Merged and its File Number is Founded: Nov 16, In Maythe board of directors of Doughtie's Foods, Inc., agreed to sell the company to Sysco Corporation.
The merger was completed on August 27, InBob Doughtie's family retained the trademark and reintroduced the brand to the Southeastern. Case (Doughtie's Foods, Inc.) In the late s, William Nashwinter accepted a position as a salesman with Doughtie's Foods, Inc., a publicly owned food products company headquartered in Portsmouth, Virginia.1 The ambitious.