Treatment of Pre-Purchase Revenue and Expenses Following the Effective Time Sample Clauses

Treatment of Pre-Purchase Revenue and Expenses Following the Effective Time. The parties acknowledge and agree that the Shareholders are entitled to receive from Surviving Corporation all revenues earned by the Company prior to the Purchase, and the Shareholders are also responsible to pay Surviving Corporation for all expenses incurred by the Company prior to the Purchase. After the Purchase, if necessary, Surviving Corporation shall pay to the Shareholders all commissions and income earned, but not received by the Company for transactions completed prior to the Purchase, less all expenses incurred but not paid by the Company prior to the Purchase. Additionally, Surviving Corporation shall also reimburse Shareholders for items prepaid by Shareholders for the benefit of the Surviving Corporation prior to the Purchase. At December 31, 2001, any remaining working capital in excess of the $15,000 clearing deposit (which shall be retained by the Surviving Corporation following the Purchase) in the Surviving Corporation shall be left to fund expenses of the Surviving Corporation, and reimbursed to the Shareholders following the Purchase. Shareholders and Ebank shall mutually agree upon the total revenues, expenses and working capital contributions to be reconciled between the Company and Shareholders pursuant to this Subsection (c) no later than 45 days after completion of the Purchase.
Sample 1
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Related to Treatment of Pre-Purchase Revenue and Expenses Following the Effective Time

  • Conditions Precedent to the Effectiveness of this Agreement The effectiveness of this Agreement is subject to the receipt by IBM Credit of, or waiver in writing by IBM Credit of compliance with, the following conditions precedent:

  • Conditions Precedent to the Effective Date The occurrence of the Effective Date pursuant to Section 13.10 is subject to the satisfaction of the following conditions:

  • Conditions to Obligation of Parent to Effect the Merger The obligation of Parent to effect the Merger is further subject to the fulfillment (or the waiver by Parent) at or prior to the Effective Time of the following conditions:

  • Repurchase of Notes at the Option of the Holders upon Change of Control and Asset Sales Upon the occurrence of a Change of Control, each holder shall have the right, subject to certain conditions specified in the Indenture, to cause the Issuer to repurchase all or any part of such holder’s Notes at a purchase price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to the date of repurchase (subject to the right of the holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date), as provided in, and subject to the terms of, the Indenture. In accordance with Section 4.06 of the Indenture, the Issuer will be required to offer to purchase Notes upon the occurrence of certain events.

  • Conditions to Obligation of the Company to Effect the Merger The obligation of the Company to effect the Merger is further subject to the fulfillment of the following conditions:

  • Conditions Precedent to the Effectiveness of this Amendment This Amendment shall become effective as of the date first written above when, and only when, each of the following conditions precedent shall have been satisfied or waived (the “Amendment No. 1 Effective Date”) by the Administrative Agent:

  • Conditions Precedent to the Obligation of the Company to Sell the Shares The obligation hereunder of the Company to issue and sell the Shares is subject to the satisfaction or waiver, at or before the Closing, of each of the conditions set forth below. These conditions are for the Company’s sole benefit and may be waived by the Company at any time in its sole discretion.

  • Conditions Precedent to the Closing Date The obligation of the Lenders to execute this Agreement and make any requested Loans on the Closing Date is subject to the prior satisfaction of each of the following conditions (unless waived in writing by Administrative Agent with the consent of the Lenders):

  • Conditions to the Effective Date The obligation of each Lender to amend and restated the Existing Credit Agreement and continue the Loans hereunder on the Effective Date is subject to satisfaction or waiver in writing by the Lenders of the following conditions precedent:

  • Termination of Obligations to Effect Closing; Effects (a) The obligations of the Company, on the one hand, and the Investors, on the other hand, to effect the Closing shall terminate as follows:

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