Equity Payments Sample Clauses
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 two hundred and fifty thousand (250,000) 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) one hundred and twenty five thousand (125,000) 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”); (b) one hundred twenty-five thousand (125,000) Options shall vest un 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. In addition to the Base Salary, it is intended that the Executive shall receive non-qualified options to purchase three million two hundred fifty thousand (3,250,000) shares of the common stock of the Company (the “Options”). The Options shall terminate ten (10) years from the date hereof, be exercisable at $___ per share, and vest and be exercisable as follows: (a) one million six hundred twenty-five thousand (1,625,000) Options shall vest upon the date hereof; and (b) one million six hundred twenty-five thousand (1,625,000) 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.
Equity Payments. EQUITY PAYMENTS shall be advanced to RELOACTION --------------- by COMPANY prior to payment to EMPLOYEE.
Equity Payments. Party A owns 85% equity of Yanbian Baofeng Biotechnology Co., Ltd., and there is no third party interest that restricts external transfer. Party A takes 7% equity of Yanbian Baofeng Biotechnology Co., Ltd. as the payment of the transaction price of this agreement, and should ensure that other equity of Yanbian Baofeng Biotechnology Co., Ltd. agrees to the external transfer of Yanbian Baofeng Biotechnology Co., Ltd. and waives the shareholders' right of first refusal. Chapter 7 Party B commitment and guarantee Article 14 Party B representations and warranties
Equity Payments. Neither the Borrower nor the Guarantor shall make any Equity Payment.
(y) A new Section 5.02(p) is inserted following Section 5.02(o) and shall read as follows:
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).
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.