Examples of Acquired Brands in a sentence
The consideration paid for the Acquired Brands pursuant to the Sun 8 Agreement consisted of 480,000 common shares at a price of $11.03.
The agreement includes future consideration in the form of warrants contingent upon future revenues for the Acquired Brands and payment of royalties indexed to merchandise sales and each gram of cannabis produced or sold that is derived from the Acquired Brands.The Company also incurred $1.5 million of research and development costs to Sun 8 Holdings Inc.
Minnesota sought settlement payments on the Acquired Brands of approximately $58 million plus interest, plus future annual payments of approximately $13 million, and Philip Morris sought additional amounts related to a portion of the payment calculation affecting Philip Morris.
At summary judgment, Luxco presented evidence that it was not until after the execution of the parties’ APA that it discovered Beam was financing its distributors to use the Acquired Brands as free goods in order to induce sales of Beam’s other brands.Likewise, before the execution of the APA, Beam provided credits to distributors to maintain sales of Wolfschmidt vodka in Florida and Arizona in 2012.
As part of his negotiations with Beam, Bratcher took the lead on behalf of Luxco in analyzing and valuing the Acquired Brands.
The Company will not consent to any amendment to any of the Acquisition Documents to the extent that such amendment could reasonably be expected to have a material adverse effect on the business, assets, operations or financial condition of the branded spirits and wine business of the Company, taken as a whole, after giving effect to the acquisition of the Acquired Brands.
ITG has also been involved in litigation with Reynolds in the Delaware court that has jurisdiction over disputes under the acquisition agreement for the Acquired Brands.
Luxco has also set forth evidence creating a triable issue of fact that it relied on the bargained-for express warranty in Section 3.14 by committing itself to buying the exclusive right to sell the Acquired Brands, especially in light of the March 2012 Non-Disclosure Agreement limiting Luxco’s access to information regarding Beam’s distributors.
In addition, Bratcher discusses the impact that Beam’s free goods and special deals had on the purchase price of the Acquired Brands.
For purposes of the foregoing, the Consolidated EBITDA and Consolidated Interest Expense attributable to the Acquired Brands, the Acquired Brands Subsidiaries and the Xxxxxx Assets shall be disregarded for all periods prior to July 26, 2005.