Examples of First Seller in a sentence
First Seller shall use commercially reasonable efforts to comply with the covenants in the First Flywheel APA and to cause the Closing (as defined in the First Flywheel APA) under the First Flywheel APA to occur as soon as practicable pursuant to the terms of the First Flywheel APA.
The Indebtedness basket in Section 6.01(i) shall be unavailable until the First Seller Note is repaid in full or otherwise discharged.
Notwithstanding anything herein to the contrary, the right of each Seller to receive any unpaid Earnout Amount will cease upon the earlier of: (i) the termination of employment of such Seller (or, with respect to the First Seller, the termination of employment of Xxxxx Xxxxxx Xxxxxxx) for Cause by the Purchasers (or their Affiliates), or (ii) any resignation of employment of such Seller (or, with respect to the First Seller, the resignation of Xxxxx Xxxxxx Xxxxxxx) without Good Reason.
The First Seller and the Second Seller warrants and represents that the Target does not own or hold title to any real property.
First, Seller shall be responsible to pay any and all outstanding royalties under the CIBA Agreement accruing prior to the Closing Date without any portion of the funds in payment thereof being paid by Buyer.
First Seller and Second Seller agree to sell, respectively, the First Seller’s Receivables and the Second Seller’s Receivables to the Purchaser and Purchaser agrees to buy the First Seller’s Receivables and the Second Seller’s Receivables.
First, Seller will transfer to Buyer the Excess Inventory, which Seller and Buyer's Stockholders acknowledge to be valued at $200,000.00, and as a result of that transfer, the Buyer's Stockholders agree to forgive $200,000.00 on the Old Note.
The First Seller Note accrues interest at the prime interest rate of 3.25%.
IN WITNESS WHEREOF, Parent, First Purchaser, Second Purchaser, First Seller, Second Seller, and the Acquired Company have executed this Amendment as of the date written above.
If Seller exercises the First Seller Option, then Buyer shall have three (3) options, each providing Buyer the right to reduce the volume of Products by up to ten percent (10%) of the CTO Equivalent Tons (either in the form of BLSS or CTO) sold by Seller to Buyer during the prior twelve (12) month calendar period ending on the last day of the calendar month immediately preceding the month in which the option is exercised (collectively, the “Buyer Options” and each a “Buyer Option”).