Examples of EPIL II in a sentence
Neither the Company nor the Guarantor will, directly or indirectly, at any time any Existing EPIL Indebtedness is outstanding, without the prior written consent of the Required Existing EPIL Holders, amend, supplement or otherwise modify the Elan Funding Agreement; provided, however, that the Company and the Guarantor may amend, modify or supplement the Elan Funding Agreement to make any change that does not adversely affect the interests of the holders of the EPIL II Notes or the EPIL III Notes.
The Parties hereto acknowledge and agree that none of Elan Corp, EIS, EPIL II or their respective affiliates, subsidiaries, successors or assigns are obligated to purchase additional securities of or from Acorda, or their respective affiliates or subsidiaries, successors or assigns.
Neither the Company nor the Guarantor will, directly or indirectly, at any time any Existing EPIL Indebtedness is outstanding, without the prior written consent of the Required Existing EPIL Holders, amend, supplement or otherwise modify the Guarantor Intercompany Note; provided, however, that the Company and the Guarantor may amend, modify or supplement the Guarantor Intercompany Note to make any change that does not adversely affect the interests of the holders of the EPIL II Notes or the EPIL III Notes.
In 2006, the company repurchased 167,950 (2005 – 5,967,918) Class A common shares at a cost of $8 million (2005 – $162 million).
The EPIL II Notes were guaranteed on a subordinated basis by Elan and, consequently, in accordance with FRS 5 “Reporting the Substance of Transactions” (“FRS 5”), the EPIL II Notes and the investments were both included separately in the our Consolidated Balance Sheet.
These assets were not available for distribution outside EPIL II.
The investments held by EPIL II will be sold to meet the maturity of the loan notes.
Each Party acknowledges and agrees that EPIL II shall be deemed in all respects to be a third party beneficiary of the agreements contained in this Schedule 6.1 with the same force and effect as if EPIL II were a party thereto with regard to any securities of DOV or its Affiliates to which EPIL II is the holder of record.
Each Party acknowledges and agrees that EPIL II shall be deemed in all respects to be a third party beneficiary of the agreements contained in Clause 2.2 of the Agreement or in this Schedule 5.1, with the same force and effect as if EPIL II were a party thereto.
In June 2000, pursuant to an asset transfer agreement and certain related agreements, entered into on 28 June, 2000, by Elan and EPIL II, Elan transferred a portfolio of equity and debt securities to EPIL II.