Prior Transaction. The parties acknowledge and agree that nothing in this Article VI shall restrict the consummation by Parent and its Subsidiaries, or the exercise by Parent and its Subsidiaries of an option to execute definitive agreements providing for the consummation of, the transaction described on Section 4.8 of the Parent Disclosure Letter substantially in accordance with its material terms as set out on Section 4.8 of the Parent Disclosure Letter.
Prior Transaction. On 16 June 2011, the Lender entered into the loan agreements with the Borrowers, pursuant to which the Lender agreed to grant to each of the Borrowers the loan facilities in aggregate amount of HK$10,000,000 and such loan facilities have been fully repaid on 18 November 2011.
Prior Transaction. Prior consummation of the transactions contemplated by the Stock Purchase Agreement.
Prior Transaction. The Prior Agreement has been terminated. To the knowledge of the Company there has been no material breach by the Company of the Prior Agreement and the Company has complied with its obligations under the Prior Agreement through the date of its termination (giving effect to any consents or waivers thereunder) in all material respects.
Prior Transaction. On or about December 29, 2011, the Buyer made a loan to the Company, which loan is evidenced by that certain Convertible Promissory Note dated as of December 29, 2011 for an original principal amount of $225,000 (the “Original Note”). All obligations of the Company under the Original Note were secured by a Security Agreement between the Company and Buyer dated of even date with the Original Note (the “Original Security Agreement”). In addition, the Company and Buyer entered into a Committed Equity Facility Agreement dated as of December 29, 2011, and a corresponding Registration Rights Agreement dated as of December 29, 2011 (the “CEF Agreements”). The Original Note, the Original Security Agreement, the CEF Agreements and all other documents executed in connection therewith are sometimes hereinafter collectively referred to as the “Original Agreements”). The Company and Buyer desire to terminate the Original Agreements and agree that certain obligations outstanding under the Original Agreements shall be satisfied as set forth herein. In that regard, the Company and the Buyer hereby agree as follows:
Prior Transaction. This Guaranty is in addition to the Guaranty dated August 2, 1993, made by Guarantor in favor of Bank with respect to Obligor's liabilities to Bank under the Loan Agreement and Obligor's Mortgage Note dated August 2, 1993, in the principal amount of $22,600,000 (the "August Guaranty"). Guarantor's liability to Bank hereunder is in addition to Guarantor's liability under the August Guaranty.
Prior Transaction. Evidence that the Receivables Purchase Agreement, dated as of December 30, 1997, among LINC Receivables Corporation, LINC, Purchaser and the Agent has been terminated.
