Examples of Contribution Transaction in a sentence
After giving effect to the consummation of the FTS Distribution and Contribution Transaction on the Closing Date, FTS shall not own any assets or property (other than the Stock of Holdings, net operating losses which have immaterial value and other property and assets with immaterial value).
The Borrower shall not, and shall not permit any of its Subsidiaries to, amend or otherwise modify, or waive any rights under, the Management and Services Agreement, the Cost Sharing Agreement or the Platform Contribution Transaction License Agreement to which such Person is a party in any manner adverse to the Lender.
The execution and delivery of the Transaction Documents and the consummation of the Contribution Transaction have been duly authorized by all requisite corporate or other entity action on the part of the Representing Party.
The Representing Party has all requisite corporate or other entity power and authority to execute and deliver each Transaction Document to which it is a party, to perform its obligations thereunder and to consummate the Contribution Transaction.
Promptly upon consummation of the FTS Distribution and Contribution Transaction, solely to the extent true, Borrower shall send a certificate to Agent confirming that FTS does not own any assets other than the Stock of Holdings, net operating losses with immaterial value and/or other property and assets with immaterial value (“FTS Distribution and Contribution Certificate”).