Examples of CMD in a sentence
Upon the Company delivering Reserve Holder a written notice stating the closing date of the CMD Transaction and reasonably acceptable evidence that the CMD Transaction will close, Reserve Holder shall disburse the Reserved Funds to a reputable third-party in escrow, solely to be used in connection with the consummation of the CMD Transaction.
In accordance with Section 5(f) of the Purchase Agreement, upon consummation of the CMD Transaction, CMD Inc.
Such CMD Seller Note shall be subject and subordinate to the Transaction Documents and the Obligations and the payee thereunder shall execute and deliver a Subordination Agreement in form and substance substantially similar to the Seller Note Subordination Agreement delivered in connection with the closing of the initial Purchase Agreement.
As of and from the Effective Date, “Permitted Indebtedness” under the Purchase Agreement shall mean only (i) the Indebtedness to the Purchasers under the Transaction Documents, and (ii) the Indebtedness listed on Schedule II attached hereto, provided that upon consummation of the CMD Transaction, Permitted Indebtedness shall also include the CMD Seller Note.
In the event the CMD Transaction does not close as set forth in the written notice, such third-party shall return the Reserved Funds to Reserve Holder.