Delek Note definition
Examples of Delek Note in a sentence
Buyer shall pay Seller five (5) consecutive annual payments of One Million Dollars ($1,000,000) each, payable on the first Business Day of each January commencing January 2016, to reimburse Seller for its costs and expenses incurred (whether or not such costs or expenses are in fact incurred) in connection with Seller’s carrying and administering the Delek Note (whether or not the Delek Note is outstanding at the time of such payment).
Buyer has the requisite corporate power and authority to execute, deliver and perform its obligations under the Stock Purchase Agreement, the Registration Rights Agreement and the Delek Note (collectively the “Transaction Documents”), including without limitation to issue and deliver, subject to the satisfaction of the conditions to such issuance and delivery set forth in the Stock Purchase Agreement, the Delek Shares, the Contingent Delek Shares and the Delek Note.