Deferred Payment Obligations definition
Examples of Deferred Payment Obligations in a sentence
Purchaser has, or will have when due, sufficient funds on hand or other sources of immediately available funds to consummate the transactions contemplated by this Agreement and the Ancillary Agreements and to satisfy all of its obligations hereunder and thereunder (including to pay the Closing Cash Consideration, the aggregate amount of the Deferred Payment Obligations and all fees and expenses related to the transactions contemplated by this Agreement and the Ancillary Agreements).
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.
On or before the Effective Date, WPSC and Rio Doce Limited will enter into the RDL Agreement providing for (a) repayment of the RDL Deferred Payment Obligations in equal monthly installments over a period not to exceed 18 months from May 1, 2003; and (b) such other terms as may be agreeable to Rio Doce Limited, WPSC and the lenders party to the New Credit Agreements.
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.
Upon payment in full of the Deferred Payment Obligations (other than indemnities), this Share Issuance Agreement shall automatically terminate and shall become null and void and of no further force and effect, except for such provisions expressly stated to survive such termination; provided, that, the foregoing shall not limit any claims for breach of Section 5(a) or Section 7 in connection with the performance of the parties’ obligations hereunder.