THEREFORE AGREED AS FOLLOWS. 1. The City shall determine the location and amount of land, which is available for sale or exchange to County and shall cause said tract or tracts to be surveyed. Said survey to be initially paid by the City.
THEREFORE AGREED AS FOLLOWS. 1. The City hereby accepts the bid of Lansing and awards the project for asbestos remediation and demolition of the six residential properties described above to Lansing.
THEREFORE AGREED AS FOLLOWS. 1. Pursuant to Internal Revenue Code Section 108(e)(5), the purchase money debt incurred by Xxxxxx, (including any interest which has accrued with respect thereto) which is described in Recital A above and is evidenced by the Xxxxxx Note and the Xxxxxx Mirror Note is hereby reduced to $1,200,000. To effect this reduction the Xxxxxx Mirror Note is hereby cancelled in its entirety as though fully paid and the outstanding amount owing on the Xxxxxx Note is hereby reduced to $1,200,000. Xxxxxx hereby consents to cancellation of the Xxxxxx Mirror Note.
THEREFORE AGREED AS FOLLOWS. 1. Section 7(a) of the Agreement is amended by deleting the existing paragraph setting forth the compensation formula in its entirety and inserting in its place the following paragraph:
THEREFORE AGREED AS FOLLOWS. 1. a. For and in consideration of the mutual releases executed herein, and other good and valuable consideration which the parties acknowledge receipt of, John J. Mahoney shall dexxxxx xx xxx Xxw Office of L. Van Stillman, P.A. (txx "Xxxxxxxx Xxent"), a share certificate or share certificates totaling 4,400,000 shares of Legends, duly executed with medallion signature guarantees, which agent shall hold, pursuant to the terms and conditions of this Agreement.
THEREFORE AGREED AS FOLLOWS. 1. The Letter Agreement provides that all references to "Exhibit K" are meant to refer to be "Exhibit J." Such Letter Agreement shall remain in full force and effect, but shall not apply to any references to the list of SB Alternative Sales Forces attached as Exhibit K to this First Amendment. Accordingly, subject to the terms and conditions of this Agreement (including, without limitation, Section 10.1.5), AOL hereby approves the use of the SB Alternative Sales Forces set forth on Exhibit K.
THEREFORE AGREED AS FOLLOWS. 1. Within thirty (30) days following the Debt Reduction (i) Xxxxxx shall purchase 1,500,000 shares of the Company's common stock from Xxxxxx for a cash purchase price of $300,000 (at a value of $.20 per share) and (ii) Xxxxxx shall purchase from Xxxxxx, for the cash purchase price of $137,500 plus interest accrued thereon through the date of purchase, Xxxxxx'x undivided one-half interest in that certain promissory note of the Company dated October 13, 1999 known as the "Siena Note" in the original principal amount of $275,000, together with all warrants issued to Xxxxxx pursuant to the Siena Note as of the Effective Date (the "Vested $275,000.Warrants"). Xxxxxx represents that he is acquiring said shares of the Company's common stock for investment for his own account and not with a view towards their distribution. Xxxxxx represents that he will transfer his interests in the Siena note and the Vested Warrants to Xxxxxx free and clear of any liens or claims of third parties.
THEREFORE AGREED AS FOLLOWS. 1. Capitalized terms used herein and not otherwise defined herein shall have the same meanings as set forth in the Agreement.
THEREFORE AGREED AS FOLLOWS. 1. FMB hereby appoints the Collateral Agent and the Collateral Agent accepts the appointment to act as custodian for the purpose of receiving and holding physical custody and control over the Custodial Receivables. The authority of the Collateral Agent to act on behalf of FMB shall be limited solely to the specific authority granted hereunder. The Collateral Agent shall take instructions from FMB only and not Litchfield with respect to the Custodial Receivables, and the Collateral Agent shall not release any Custodial Receivables without the consent of FMB.
