Amendment of Asset Sale Agreement Sample Clauses

Amendment of Asset Sale Agreement. 1.1. Purchaser and Seller acknowledge and agree that it was their mutual intent that Seller would receive a renewal commission with respect to all products, whether insurance or otherwise, sold on and after December 31, 1996 by UGA or its agents. In addition, effective January 1, 1997, Purchaser acquired New United Agency ("NUA") in accordance with the terms of a Stock Purchase Agreement dated March 3, 1997. Purchaser and Seller acknowledge and agree that it was their mutual intent that any products sold by NUA or its agents after December 31, 1996 would be included in the computation of the renewal commissions due Seller pursuant to the terms of the Asset Sale Agreement. Seller has not been entitled to receive, and is not otherwise entitled to receive, a renewal commission on products sold by any other marketing agency of the Purchaser or any other marketing agency of any affiliate of the Purchaser. 1.2. Purchaser and Seller agree that, effective for all periods commencing on or after the Effective Date (as such term is hereinafter defined), the renewal commission due Seller will be calculated as a percentage of total commissionable renewal premium revenue collected by UICI on only insurance products sold by UGA, rather than as a percentage of the commissions received by UGA on total renewals. In particular, Purchaser and Seller hereby amend the Asset Sale Agreement as follows: 1.2.1. For all periods commencing on or after the Effective Date, Purchaser shall pay to Buyer 120 basis points (1.20%) times the UGA Commissionable Renewal Premium Revenue (as such term is hereinafter defined) collected in such period. It is agreed and understood that the payment to be made hereunder in the amount of 1.20% of UGA Commissionable Renewal Premium Revenue has been designed to and will take into account the renewal commissions originally intended to be paid on other, non-insurance, products. Purchaser shall make such payment to Seller on a monthly basis on or before the 20th day of each calendar month based on the calculation of the UGA Commissionable Renewal Premium Revenue for the immediately preceding calendar month. Payments shall be made by check payable to Seller at the office of Seller hereinafter designated in Section 6.3 hereof. 1.2.2. For purposes of the foregoing Section 1.2.1, the following capitalized terms shall have the meanings assigned to them below:
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Amendment of Asset Sale Agreement 

Related to Amendment of Asset Sale Agreement

  • Co-Sale Agreement The Co-Sale Agreement shall have been executed and delivered by the parties thereto.

  • Sale Agreement The Sale Agreement is the only agreement pursuant to which the Seller purchases Collateral.

  • Adjustments for Consolidation, Merger, Sale of Assets, Reorganization, etc In case the Company (a) consolidates with or merges into any other corporation and is not the continuing or surviving corporation of such consolidation of merger, or (b) permits any other corporation to consolidate with or merge into the Company and the Company is the continuing or surviving corporation but, in connection with such consolidation or merger, the Common Stock is changed into or exchanged for stock or other securities of any other corporation or cash or any other assets, or (c) transfers all or substantially all of its properties and assets to any other corporation, or (d) effects a capital reorganization or reclassification of the capital stock of the Company in such a way that holders of Common Stock shall be entitled to receive stock, securities, cash and/or assets with respect to or in exchange for Common Stock, then, and in each such case, proper provision shall be made so that, upon the basis and upon the terms and in the manner provided in this subsection 7(a)(iii), the Registered Holder, upon the exercise of this Warrant at any time after the consummation of such consolidation, merger, transfer, reorganization or reclassification, shall be entitled to receive (at the aggregate Exercise Price in effect for all shares of Common Stock issuable upon such exercise immediately prior to such consummation as adjusted to the time of such transaction), in lieu of shares of Common Stock issuable upon such exercise prior to such consummation, the stock and other securities, cash and/or assets to which such holder would have been entitled upon such consummation if the Registered Holder had so exercised this Warrant immediately prior thereto (subject to adjustments subsequent to such corporate action as nearly equivalent as possible to the adjustments provided for in this Section).

  • Amendment and Restatement of Existing Credit Agreement Upon the execution and delivery of this Agreement, the Existing Credit Agreement shall be amended and restated to read in its entirety as set forth herein. With effect from and including the Effective Date, (i) the Commitments of each Lender party hereto shall be as set forth on Appendix A (and (a) to the extent that such Lender constitutes a lender under the Existing Credit Agreement (a “Consenting Lender”), such Consenting Lender’s commitment thereunder shall be terminated and replaced with its respective Commitment hereunder and (b) any lender under the Existing Credit Agreement that is not listed on Appendix A shall cease to be a Lender hereunder and its commitment thereunder shall be terminated; provided that, for the avoidance of doubt, such lender under the Existing Credit Agreement shall continue to be entitled to the benefits of Section 9.03 of the Existing Credit Agreement), (ii) all accrued and unpaid interest and fees and other amounts owing under the Existing Credit Agreement shall have been paid by the Borrower under the Existing Credit Agreement, whether or not such interest, fees or other amounts would otherwise be due and payable at such time pursuant to the Existing Credit Agreement, (iii) the Commitment Ratio of the Consenting Lenders shall be redetermined based on the Commitments set forth in the Appendix A and the participations of the Consenting Lenders in, and the obligations of the Consenting Lenders in respect of, any Letters of Credit or Swingline Loans outstanding on the Effective Date shall be reallocated to reflect such redetermined Commitment Ratio and (iv) each JLA Issuing Bank shall have the Fronting Sublimit set forth in Appendix B.

  • Acquisition Agreements If the Equipment is subject to any Acquisition Agreement, Lessee, as part of this lease, transfers and assigns to Lessor all of its rights, but none of its obligations (except for Lessee's obligation to pay for the Equipment conditioned upon Lessee's acceptance in accordance with Paragraph 6), in and to the Acquisition Agreement, including but not limited to the right to take title to the Equipment. Lessee shall indemnify and hold Lessor harmless in accordance with Paragraph 19 from any liability resulting from any Acquisition Agreement as well as liabilities resulting from any Acquisition Agreement Lessor is required to enter into on behalf of Lessee or with Lessee for purposes of this lease.

  • Amendments to the Existing Credit Agreement Upon, and subject to, the satisfaction or waiver in accordance with Section 9.02 of the Existing Credit Agreement of the conditions precedent set forth in Section 2 below, the Existing Credit Agreement is hereby amended as follows: (a) The following new definition is included in Section 1.01 of the Existing Credit Agreement in the proper alphabetical order as follows:

  • Amendment of Existing Warrant Agreement The Company and the Warrant Agent hereby amend the Existing Warrant Agreement as provided in this Section 2, effective as of the Merger Effective Time, and acknowledge and agree that the amendments to the Existing Warrant Agreement set forth in this Section 2 are necessary or desirable and that such amendments do not adversely affect the interests of the registered holders:

  • Purchase of Assets 11 3.1 Assets Purchased by Assuming Bank 11 3.2 Asset Purchase Price 11 3.3 Manner of Conveyance; Limited Warranty; Nonrecourse; Etc. 12 3.4 Puts of Assets to the Receiver 12 3.5 Assets Not Purchased by Assuming Bank 13 3.6 Assets Essential to Receiver 15

  • Contribution Agreement The Agent shall have received an executed counterpart of the Contribution Agreement.

  • Whole Agreement The General Provisions, Special Provisions, and Attachments, as provided herein, constitute the complete Agreement (“Agreement”) between the parties hereto, and supersede any and all oral and written agreements between the parties relating to matters herein. Except as otherwise provided herein, this Agreement cannot be modified without written consent of the parties.

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