Examples of Damages Commitment in a sentence
The proceeds from the Investor’s Damages Commitment shall be used solely to fund the Investor’s Proportionate Share of a Damages Award, and for no other purpose.
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized representatives this day of, 20 .
These features would be clearly understood by relying on the power structure since it will examine how the adoption of the reforms advocated by the EU would pave the way for a new formulation of the foreign policy that influenced the Turkish approach towards Arab countries.
K-Z Evergreen’s obligation to fund the Damages Commitment is subject to, and conditioned upon: (A) the execution and delivery of the Merger Agreement by the Company and (B) the Damages Amount being (i) judicially determined by a final, non-appealable and binding judgment of a court of competent jurisdiction or (ii) agreed in writing by Parent and the Company to be paid by Parent or Merger Sub to the Company.
For the avoidance of doubt, in no event shall the Sponsor be required to fund both any portion of the Equity Commitment and any portion of the Damages Commitment.
In other words, husband cannot ask you to change his testamentary disposition of property and keep this information from his wife.
This Agreement may only be enforced by (i) Parent at the direction of the Fund and (ii) the Company in accordance with the Company’s rights under clause (ii) of Section 9.12(b) (with respect to the Closing Commitment) or Section 9.12(c)(iv) (with respect to the Damages Commitment) of the Merger Agreement.
In the event that the Damage Amount becomes payable, in no event shall K-Z Evergreen be obligated to fund or otherwise pay to Parent or any other Person any amount in excess of the Maximum Damages Commitment Amount.
Trident Pine’s obligation to fund the Damages Commitment is subject to, and conditioned upon: (A) the execution and delivery of the Merger Agreement by the Company and (B) the Damages Amount being (i) judicially determined by a final, non-appealable and binding judgment of a court of competent jurisdiction or (ii) agreed in writing by Parent and the Company to be paid by Parent or Merger Sub to the Company.
The proceeds of the Closing Commitment and Damages Commitment will be used by K-Z Evergreen solely for the purposes set forth in Section 1(a) and Section 1(b) hereof, respectively.