Examples of Ancillary Closing Documents in a sentence
If the Escrow Agent receives the notice referenced in clause (ii) of Section 2(a) prior to its receipt of the items referenced in clause (i) of Section 2(a), then the Escrow Agent shall promptly upon receipt of such notice return (i) the Purchase Price (together with any interest earned thereon through such date) to the Purchaser, (ii) the Preferred Stock and Warrant to the Company and (iii) the Ancillary Closing Documents to the party that delivered the same.
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Each Party shall cooperate and take such actions as may be reasonably requested by any other Party in order to carry out the provisions and purposes of this Agreement and the Ancillary Closing Documents and to consummate the Transactions.
The parties agree that if such notice is silent as to the delivery of such items, the Escrow Agent shall promptly upon receipt of such notice return (i) the Purchase Price to the Purchasers, (ii) the Debentures and Warrants to the Company and (iii) the Ancillary Closing Documents to the party that delivered the same.
The Escrow Agent is willing to act as escrow agent pursuant to the terms of this Agreement with respect to the receipt and then delivery of the aggregate purchase price (as described in Section 1.1(a) of the Purchase Agreement) to be paid by the Purchasers for the Debentures and the Warrants (the "PURCHASE PRICE") and the receipt and then delivery of the Debentures and the Warrants, together with the Ancillary Closing Documents (as defined below) and the Purchase Price, the "CONSIDERATION").
While no actual cash purchase price shall be paid for the Passport Transfer, the mutual covenants provided herein have been acknowledged by the Parties as sufficient consideration for this Agreement, the Ancillary Closing Documents and the Transactions.
Each Party hereto acknowledges that such Party has been represented by counsel in connection with this Agreement, the Ancillary Closing Documents and the Transactions.
The parties agree that if such notice is silent as to the delivery of such items, the Escrow Agent shall promptly upon receipt of such notice return (i) the Purchase Price to the Purchasers, (ii) the Debentures, Warrants and Escrow Shares to the Company and (iii) the Ancillary Closing Documents to the party that delivered the same.
For purposes of this Agreement and the Ancillary Closing Documents, Xxxxx and Buyer, and their respective Affiliates, shall not be considered “Affiliates” of Federated or Passport (pre-Closing), and Federated and Passport (pre-Closing), and their respective Affiliates, shall not be considered “Affiliates” or Xxxxx or Buyer, by virtue of EDJones’ and Federated’s Respective Ownership Interests in Passport (pre-Closing).
In addition, upon the execution of this Agreement the Company shall deposit or cause to be deposited with the Escrow Agent an opinion of the Company's counsel addressed to the Purchasers in the form of Exhibit D attached to the Purchase Agreement, the executed power of attorney in the form of Exhibit F attached to the Purchase Agreement and the schedules to the Purchase Agreement (such opinion and schedules being hereinafter referred to as the "Ancillary Closing Documents").