Financing Termination definition
Examples of Financing Termination in a sentence
No amounts may be borrowed hereunder on or after the Financing Termination Date.
Lender shall have no obligation to make any Advances hereunder if all of the conditions set forth in Article 5 and in Sections 6.01 and 6.02 hereof have not been fully satisfied and in any event after the Financing Termination Date.
Fail to satisfy its purchase obligations under the NTI Purchase Agreement, or terminate the NTI Purchase Agreement prior to the earlier of (i) completion of and acceptance of the NTI Equipment to be acquired thereunder, or (ii) the Financing Termination Date.
On the Financing Termination Date, the Financiers shall cease to remain a party to the IE Contract, and shall undertake all actions and execute all instruments whatsoever required by the Parties to ensure that the Financiers cease to remain a party to the IE Contract.
The Company will return such letter of credit to the Buyer at the earlier of (i) the Effective Time and (ii) upon a termination of this Agreement in accordance with Article IX in a situation where none of the Buyer Breach Fee and/or the Financing Termination Fee are payable by the Buyer, in each case in accordance with Article IX.
For the avoidance of doubt, the Company will not be required to pay the Termination Fee more than once or to pay both the Termination Fee and the CPLG Financing Termination Fee.
If prior to the deposit of Eight Hundred and Seventy-Five Million U.S. Dollars ($875,000,000) in the Escrow Account, this Agreement is validly terminated pursuant to Section 8.1 (other than a Financing Termination) (a “Pre-Funding Termination”), and if such Pre-Funding Termination is by Buyer, then Sellers shall, within ten (10) Business Days of such termination, refund the full Deposit Amount to Buyer by wire transfer of immediately available funds to an account designated by Buyer.
Any transfer taxes imposed on the sale of the Securities to the several Underwriters will be paid by the Company and the Selling Securityholder pro rata.
For the avoidance of doubt, the Company will not be required to pay the CPLG Financing Termination Fee more than once or to pay both the CPLG Financing Termination Fee and the Termination Fee.
Upon a Financing Termination, and provided, that Buyer shall have delivered the Deposit Amount to the account designated by Rockstar LP, Buyer, Buyer Parent, any Buyer Subscriber Party and each of their respective Affiliates and Representatives shall be fully released and discharged from any Liability or obligation under this Agreement, and Sellers shall not have any other remedy or cause of action under or relating to this Agreement or any applicable Law.