Application of Purchase Price. In the event that you are in breach of your Covenants or you repudiate this Contract that part of the Purchase Price and any other monies paid by you to us under this Contract amounting in the aggregate to:
Application of Purchase Price. The Seller acknowledges and agrees that it will not own, directly or indirectly, any shares, equity interest or securities of the Company after the consummation of the transactions contemplated by the Spin-Off Agreement dated the date hereof, by and among the Company and DKTI (the “Spin-Off Agreement”).
Application of Purchase Price. Upon receipt by First Union from Borrower of the Purchase Price paid by any Purchaser for a Mortgage Note, First Union will apply the same in reduction of the outstanding balance of the Loan. First Union agrees to release to Borrower any portion of the Purchase Price paid by the Purchaser in excess of the amount advanced by First Union for such Mortgage Note, unless an Event of Default under Section 9.1 has occurred and is continuing.
Application of Purchase Price. The Purchase Price shall be applied by the Company in the manner set out in Schedule 3 to the Participation Agreement.
Application of Purchase Price. The purchase price paid to the Defaulting Member for its Offered Interest pursuant to this Article 15 and pursuant to the Sale Procedure shall be deemed to be applied in the following order of priority:
Application of Purchase Price. Any purchase price paid under Article XI of the Original Indenture shall be applied to the account in the Bond Fund relating to and to the redemption of Bonds of the series from which proceeds were used to acquire the portion of the Project being purchased.
Application of Purchase Price. Purchaser shall have no liability or obligation with respect to the application, allocation, or payment of the Purchase Price to any of Seller's creditors.
Application of Purchase Price. Each Seller (except Xxxxxxx Xxxxxxxxx) acknowledges and agrees that: (i) it will not own, directly or indirectly, any shares, equity interest or securities of Steampunk Malta after the consummation of the transactions contemplated by the Spin-Off Agreement dated the date hereof, by and among the Company, Steampunk Malta, Praefidi Holdings Limited and Xxxxxxx Xxxxxxxxx (the “Spin-Off Agreement”); (ii) that the Purchase Price will entirely be used to pay liabilities of the Company and of Steampunk Malta, and (iii) that it will not actually receive any portion of the Purchase Price.
Application of Purchase Price. Upon receipt of the Purchase Price, Sellers shall be obligated to (i) cure the defaults under the Assumed Contracts arising or existing prior to the Closing Date as set forth on Schedule 3.3 hereto and (ii) at such time as Sellers are obligated to do so under applicable bankruptcy law, pay all post-petition expenses of the Sellers, including fees of the Escrow Agent under the Escrow Agreement and Construction Escrow Agreement and any taxes or other expenses relating to this Agreement.
Application of Purchase Price. From and after the Closing, Parent and Seller shall apply the Purchase Price in accordance with the terms of the Credit Agreement, the Credit Agreement Release Documents, the Indenture and the Indenture Release Documents, and shall not take any action that could result in Purchaser, the Company, the Subsidiaries or any of their respective Affiliates having any liability as a successor or guarantor under the Credit Agreement or the Indenture.
