First Transaction definition
Examples of First Transaction in a sentence
If this Agreement is terminated, whether for or without cause by VeriSign or Consultant, prior to a Closing Date, Consultant shall not be entitled to any First Transaction Success Fee.
In the event of a Sale of less than the entire Communications Business Bundle (in which case no First Transaction Success Fee and no Second Transaction Success Fee shall be payable), the parties agree to negotiate in good faith a success fee amount the parties deem fair and reasonable for the Services rendered by Consultant in connection with the Sale of less than the entire Communications Business Bundle.
If the Closing Date for Sale of the Communications Business Bundle is after December 31, 2008, or if there is no Closing Date, Consultant shall not be entitled to any First Transaction Success Fee.
The Parties desire to amend the terms and conditions of the Transaction Agreement to provide for the separate closings of the First Transaction and the Second Transaction, as more fully described in this Amendment, and it is the Parties’ intention that, after giving effect to this Amendment, the Transaction Agreement shall be interpreted in a manner consistent with the separate closings of the First Transaction and the Second Transaction.
The First Transaction Account Bank shall give notice of such appointment to the Issuer Cash Manager, the Trust Property Cash Manager, Virgin Money, the Mortgages Trustee and the Issuer (as applicable) and the Security Trustee, and such successor shall enter into an agreement on substantially the same terms and form as this Agreement.
Seller/Tenant agrees to endeavor to close on the First Transaction on or before December 22, 2004.
For the avoidance of doubt, the First Transaction Account Bank has no responsibility for taking any of the steps described in (A) to (D) above.
In no event shall the First Transaction Account Bank be liable to any party to this Agreement in any event for any loss of business, goodwill, opportunity or profits or for any indirect, consequential, punitive or special loss or damage whether or not the First Transaction Account Bank has been advised of the possibility of such loss or damages.
The Parties acknowledge and agree that, notwithstanding anything in the Transaction Agreement to the contrary, the consummation of the First Transaction shall result in the termination of the Commitment Letter, and following the First Closing, the Commitment Letter shall no longer be in force or effect.
If CNLR receives reimbursement from URI at the closing of the First Transaction but purchases one or more of the Properties identified on Exhibit C as part of the another Transaction then URI shall be entitled to a credit at closing for such reimbursements.