Equity Payments. The Borrowers shall not make an Equity Payment if there is then continuing any Default or Event of Default (or a Default or Event of Default would result therefrom or exist after giving effect thereto).
Equity Payments. All dividends, interest, distributions or other amounts and all property received in respect of the equity interest of Borrower in Subsidiary shall be forthwith delivered to Lender for application to the Obligations.
Equity Payments. As partial consideration for the License and other acts of Licensor required hereunder, Licensee shall issue to Licensor Milestone Payments through the issue of its unregistered securities as set forth below in Section 3.2.
Equity Payments. In addition to the Base Salary, it is intended that the Executive shall receive options to purchase one million five hundred thousand (1,500,000) shares of the common stock of UFood Restaurant Group, Inc. (the “Options”). The Options shall terminate ten (10) years from the date hereof, be exercisable at $1.00 per share, and vest and be exercisable as follows: (a) five hundred thousand (500,000) Options shall vest upon the closing of the merger between the Company and a wholly-owned subsidiary of UFood Franchise Restaurant Group, Inc. (the “Merger Date”); and (b) one million (1,000,000) Options shall vest in equal amounts on the first day of each month for thirty-six months. Notwithstanding the termination of this Agreement for any cause, the Executive shall receive the Options pursuant to the terms set forth herein. The Options shall be granted pursuant to the 2007 Equity Incentive Plan of UFood Restaurant Group, Inc., and the Company shall use its best efforts to cause UFood Restaurant Group, Inc. to issue these Options as of the Merger Date.
Equity Payments. The Equity, if and when issued pursuant to the Convertible Note, will be duly authorized, validly issued, fully paid and non assessable shares of common stock of Buyer. Upon delivery of such shares, Seller will receive good and unencumbered title to such shares, free and clear of all liens, restrictions, charges, encumbrances and other security interests of any kind or nature whatsoever, except for any restrictions existing under applicable securities laws and the restrictions imposed by this Agreement.
Equity Payments. All Equity Payments (as defined in the Section entitled Definitions).
Equity Payments. Equity Loans, Equity Advances (defined as payments made by GMAC GRS to an Employee after the Acceptance Date, but prior to the Vacate Date, representing all or a portion of the Equity in the Employee’s Property), payments made by GMAC GRS to an Employee on the Vacate Date (or the Settlement Date, if so directed by Talecris), representing the balance of the Purchase Price, and payments made by GMAC GRS for Liens; all Equity Payments shall bear Interest from the date of payment by GMAC GRS to the date of reimbursement by Talecris.
Equity Payments. Such Borrower shall not, and shall cause its Restricted Subsidiaries not to, or FMPO shall not, as applicable, make an Equity Payment; provided, however, that such Borrower or Restricted Entity may make an Equity Payment to any other Borrower or Restricted Entity.
Equity Payments. The Borrower shall not make an Equity Payment if there is then continuing any Default or Event of Default (or a Default or Event of Default would result therefrom or exist after giving effect thereto); provided, however, that no such Equity Payment shall be made to the extent that, after giving effect thereto, stockholders' equity of the Borrower (adjusted to exclude the effect of extraordinary and unusual noncash items) is less than $60,000,000.
Equity Payments. FCX and FI shall not make an Equity Payment if there is then continuing any Default or Event of Default (or a Default or Event of Default would result therefrom or exist after giving effect thereto), including pursuant to Section 5.2(b).
