December Agreement definition
Examples of December Agreement in a sentence
On December 22, 1997, the parties hereto entered into that certain Purchase Agreement (the "December Agreement") regarding the purchase and sale of the Assets.
Since the date of the December Agreement, Purchaser has conducted an audit and other examinations of the Business and has asserted certain claims with respect to the December Agreement, relating, inter alia, to the financial position and business prospects of the Business.
The December Agreement is hereby terminated, is of no further force or effect, and no party shall have any right or obligation, whether as a matter of the law of contract or otherwise, under, arising out of or relating to, the December Agreement or any matter appearing in the December Agreement that does not appear in this Agreement (including, without limitation, the representations and warranties of Sellers that do not appear in this Agreement).
The Expiration Date for JRAC's due diligence pursuant to the December Agreement shall be extended to April 30, 2000.
The Stockholders are parties to a Joint Venture and Securityholders Agreement dated December 23, 2002 (the "December Agreement").
In the event of conflict or inconsistencies between the provisions of the December Agreement and this Supplemental Agreement, the provisions of this Supplemental Agreement shall prevail.
This Agreement terminates the December Agreement and the Supplemental Agreement in its entirety and this Agreement constitutes the full and entire understanding and agreement between the parties with regard to the subjects hereof.
Company acknowledges that JRAC has performed its obligations to purchase 300,000 shares of convertible preferred stock in Company pursuant to Article I of the December Agreement.
Except as expressly modified by this Agreement, the parties hereby reaffirm the terms and conditions of the December Agreement.
The Stockholders agree that the December Agreement is terminated effective upon the date of this Agreement, other than the obligations under Article VI of the December Agreement.