Examples of Indemnity Note in a sentence
For illustration purposes only, if there is an indemnifiable Loss and Expense equal to $150,200.00 and the then-outstanding principal amount of the Indemnity Note is $150,000.00 and the amount of Warrants available for reduction under the One Year Warrant is zero (0), the Buyer Indemnity Amount shall be equal to $200.00, and the number of Indemnity Offset Warrants shall be equal to 70/100 (0.70) of a Warrant (i.e., 0.70 of a Warrant).
To cause its audit committee to review, on a quarterly basis, all payments made to (i) the Sponsor or any of the Company’s officers or directors, or any of their respective affiliates, or (ii) any other Company affiliates.
Effective as of the date first set forth above, the phrase in the sixth line of Section 8.5(b)(i) “shall be entitled to reimbursement” is deleted and replaced in its entirety with the phrase “shall be entitled to permitted set off against the Indemnification Note, or if the Indemnification Note has been voluntarily prepaid in whole or in part, to reimbursement from the Indemnity Note Escrow Account”.
Effective as of the date first set forth above, the phrase in the ninth line of Section 8.3 “from the Escrow Account” is deleted 6 and replaced in its entirety with the phrase “by permitted set off against the Indemnification Note or from the Indemnity Note Escrow Account”.
This Note is the "Indemnity Note" referred to in Section 2(b)(iii) of the Purchase Agreement.
Effective as of the date first set forth above, the phrase in the fifth line of Section 8.1 “reimbursement from the Escrow Account” is deleted and replaced in its entirety with the phrase “permitted set off against the Indemnification Note, or if the Indemnification Note has been voluntarily prepaid in whole or in part, reimbursement from the Indemnity Note Escrow Account”.
This Subordinated Indemnity Note (the “Note”) is one of a series of Notes of like tenor in the aggregate principal amount of $1,200,000 issued by the Company pursuant to the terms of that certain Agreement and Plan of Merger (the “Merger Agreement”), dated June ___, 2010 (the “Issue Date”), by and among the Company, Unify Acquisition Corp., a wholly owned subsidiary of the Company and Strategic Office Solutions, Inc., a California corporation.
Borrower shall execute and deliver on the Closing Date a Cash Management Indemnity Note to evidence Scotiabank's Cash Management Indemnity Loans, in the principal amount of Scotiabank's Cash Management Indemnity Loan Commitment and with other appropriate insertions.
The Collateral Assignment, Guaranty Agreement, Indemnity, Note, Trademark Security Agreement, Pledge Agreement, Intercompany Subordination Agreement and Security Agreement shall have been duly executed and delivered to the Lender together with all appropriate financing statements and appropriate stock powers and certificates evidencing the Shares, the Partnership Interests and the LLC Interests.
Buyer agrees to deliver to the Escrow Agent, the Seller Indemnity Note.