Deferred Payment Obligations definition
Examples of Deferred Payment Obligations in a sentence
Regardless of whether the Fair Market Value of one Share exceeds the Warrant Price then in effect, immediately prior to and contingent upon the consummation of a Cash/Public Acquisition, the Company shall pay or cause to be paid to Holder all of the outstanding Deferred Payment Obligations.
The Company shall not effect any Cash/Public Acquisition unless the material definitive agreement governing such transaction shall provide for payment of the Cash Settlement Amount for all of the Shares as set forth in this Section 1.6(b) and the payment of any and all outstanding Deferred Payment Obligations in full.
The Obligor hereby waives demand, payment, notice of dishonor or protest and all other notices of any kind in connection with the Deferred Payment Obligations except the Demand for Issuance of the Section 524(g) Shares and any other notices required by law or by this Share Issuance Agreement or any other agreement between the Obligor and the Trusts’ Representative or either Trust.
This Agreement commences upon being signed by both parties (Commencement Date).
The Borrowers will, as soon as practicable (but in any case at least five (5) business days before any such transaction or, if such transaction is proposed to involve the receipt of non-cash consideration other than Deferred Payment Obligations, at least thirty-five (35) days prior to the date scheduled for the consummation of that transaction), provide to EDS written notice of any proposed transaction that, if consummated, would require a partial prepayment hereon.