Binding LOI definition

Binding LOI means a validly executed and enforceable letter of intent between ▇▇▇▇▇▇ and the Proposed ▇▇▇▇▇▇ Transferee that contains binding terms and provisions addressing: (i) the description of all the rights and interests to the be transferred by ▇▇▇▇▇▇ to Proposed ▇▇▇▇▇▇ Transferee, (ii) the ROFR Offered Price, the deposit required from Proposed ▇▇▇▇▇▇ Transferee and whether the transaction is subject to any seller financing, (iii) any non-customary closing prorations or apportionments, (iv) liabilities to be assumed by Proposed ▇▇▇▇▇▇ Transferee and those to be retained by ▇▇▇▇▇▇, if any, (v) indemnities to be given by each of ▇▇▇▇▇▇ and the Proposed ▇▇▇▇▇▇ Transferee, (v) all material closing conditions, (vi) any due diligence or other contingencies, (vii) the Offer Closing Date, (viii) the survival of any representations, warranties, covenants, liabilities or obligations and any deductibles and/or caps on liability and (ix) any other material terms or conditions of the proposed transaction.

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Binding LOI has the meaning set out in the preamble; “Blueberries” has the meaning set out in the preamble;

Binding LOI means that Binding Term Sheet dated October 10, 2018 between MedMen and the Company.

Examples of Binding LOI in a sentence

• Except as modified by this Amendment, the Binding LOI shall continue in full force and effect in accordance with its terms.

• To the extent of any conflict between the terms of this Amendment and the terms of the Binding LOI, the terms of this Amendment shall control.

• All capitalized terms used herein but not otherwise defined herein shall have the meaning ascribed to them in the Binding LOI.

• If ▇▇▇▇▇ does not make the ROFR Election prior to the expiration of the ROFR Election Period and the Proposed ▇▇▇▇▇▇ Transferee is not a ▇▇▇▇▇▇ Qualified Transferee, then ▇▇▇▇▇▇ shall be permitted to consummate the Transfer of the ROFR Interest to the Proposed ▇▇▇▇▇▇ Transferee identified in the First Refusal Offer only if approved in writing by ▇▇▇▇▇ in its sole and absolute discretion, and strictly in accordance with the terms of the Binding LOI.

• If ▇▇▇▇▇ does not make the ROFR Election prior to the expiration of the ROFR Election Period and the Proposed ▇▇▇▇▇▇ Transferee is confirmed in writing by ▇▇▇▇▇ as a ▇▇▇▇▇▇ Qualified Transferee, then ▇▇▇▇▇▇ shall be permitted to consummate the Transfer of the ROFR Interest to the Proposed ▇▇▇▇▇▇ Transferee identified in the First Refusal Offer strictly in accordance with the terms of the Binding LOI.

More Definitions of Binding LOI

Binding LOI. Binding LOI" shall mean the Letter of Intent between Seller and the Purchaser dated December 15, 2004.

Binding LOI means a binding letter of intent between Crystal Lake and Lorne Warren dated June 24, 2019, as amended on November 12, 2019 (the “Amended Binding LOI”), with respect to the option to acquire a 100% interest in the 35 mineral claims covering 14,585 ha comprising the Foremore Property located in the Liard Mining Division in northwestern, British Columbia, which Binding LOI forms a part of the Assets.

Binding LOI means a binding letter of intent between CLM and Lorne Warren dated June 24, 2019 with respect to the option to acquire a 100% interest in the Foremore claims located in the Liard Mining Division in northwestern, British Columbia, which Binding LOI forms a part of the Assets;

Binding LOI has the meaning specified in Recital A.‌

Binding LOI. This LOI constitutes a binding and valid agreement on the part of Landlord and Tenant.

Binding LOI means the binding letter of intent entered among the Vendor, Bholding, BHK and Sasken dated November 9, 2024;

Binding LOI has the meaning set out in the Recitals.