Examples of Asset Purchase Closing in a sentence
The obligations of each Seller to consummate the transactions contemplated herein to be consummated on the License-Related Asset Purchase Closing Date are subject to the delivery, on or prior to the License-Related Asset Purchase Closing Date, of the Certificate required pursuant to Section 4.4(c) relating to the vesting of rights under the Warrants to purchase all remaining Warrant Shares that have not yet vested.
On the date hereof and as of the Asset Purchase Closing, without giving effect to the transactions contemplated by the Purchase Agreement, neither Corning nor any Affiliate of Corning beneficially owns any Avanex Securities.
In consideration for the assignment of the Option Agreement hereunder, Braeburn shall pay to FX US$8,000,000, as promptly as commercially practicable but in any event not later than [***] days of the date of the Asset Purchase Closing, by wire transfer in immediately available funds to the following account: [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”.
Between the date of this Agreement and the Asset Purchase Closing, the Company will not, and will not permit any Subsidiary to, issue, sell or purchase or agree to issue, sell or purchase any capital stock or any Option Security or Convertible Security of the Company or any Subsidiary.
Such licenses shall be limited to Corning Licensed Copyrights which rightfully come into the possession of Avanex as of the Asset Purchase Closing pursuant to the Purchase Agreement.
On and after the Asset Purchase Closing, upon the reasonable request of a Party, the other Party shall prepare, execute and deliver such other and further agreements, instruments, certificates, and other documents, and take, do and perform such other and further actions, as may be reasonably necessary or appropriate in order to effectuate the purposes and intent of this Agreement and to consummate the Asset Purchase.
At the Asset Purchase Closing, Buyer shall ------------------- deliver to the Company an Assumption Agreement in the form of Exhibit 1.3 ----------- whereby Buyer assumes and agrees to pay and perform when due (subject to the provisions of this Agreement) the Assumed Liabilities and agrees to indemnify the Company for all amounts incurred by the Company as a result of the Buyer's failure to pay the Assumed Liabilities when due.
If the Parties are to consummate the Asset Purchase, the Company shall use commercially reasonable efforts to obtain any third party consents necessary to assign the Contracts related to the Business at the Asset Purchase Closing.
The parties further acknowledge and agree that the Programming Agreement and Access Agreement will terminate concurrently with the termination of the Full Turnkey Agreement and the Second NSA Agreement at the Asset Purchase Closing.
Between the date of this Agreement and the License-Related Asset Purchase Closing Date, Sellers shall promptly notify Purchaser of the occurrence of any breach of any covenant of Sellers in this Article 7 or of the occurrence of any event that may make the satisfaction of the conditions in Article 8 impossible or unlikely.