Examples of Issuer Shareholder in a sentence
Following the Excess Cash Sweep Period, the Issuer will make Excess Cash Payments to Holders from time to time on the same date that any distribution is made to the Issuer Shareholder in an amount equal to the Instrument Distribution Percentage of the applicable Excess Cash Available Amount on the terms and subject to the terms and conditions set forth below.
The Issuer Shareholder has all requisite power and authority to enter into and to carry out all of the terms of this Agreement and all other documents executed and delivered in connection herewith (collectively, the “Documents”).
When executed and delivered by the Issuer Shareholder, the Documents shall constitute the valid and legally binding obligation of the Issuer Shareholder enforceable in accordance with their respective terms.
During the Excess Cash Sweep Period, if the Excess Cash Amount exceeds zero on an Excess Cash Measurement Date, the Issuer will make payments under the Securities to the Holders equal to a percentage of the applicable Excess Cash Available Amount in accordance with the terms and conditions set forth below (it being understood that certain percentages of the Excess Cash Available Amount will also be available for distributions to holders of the New Notes and to the Issuer Shareholder, as applicable).
All action on the part of the Issuer Shareholder necessary for the authorization, execution, delivery and performance of the Documents by the Issuer Shareholder has been taken and no further authorization on the part of the Issuer Shareholder is required to consummate the transactions provided for in the Documents.
All of the representations, warranties and covenants of the Issuer and the Issuer Shareholder in this Agreement in Articles 4, 5, and 6 or in any instrument delivered pursuant to this Agreement shall survive the Closing hereof.
The Issuer Shareholder has good and marketable title to the Issuer Shares which he owns, free and clear of all pledges, security interests, mortgages, liens, claims, charges, restrictions or encumbrances, except for any restrictions imposed by federal or state securities laws.
For the avoidance of doubt, corresponding distributions of the applicable portion of any Excess Cash Available Amounts payable to the Issuer Shareholder shall be made on or following such Payment Date.Excess Cash Payments payable to Holders shall apply, on a dollar-for-dollar basis, to reduce the outstanding principal amount of the Securities in accordance with Section 2.05 below.
To request a Certificate an individual must send a request for a Certificate to the Fund administrative office as follows: IBEW LOCAL 915 HEALTH AND WELFARE FUNDc/o Southern Benefit Administrators, Inc.P.O. Box 1449Goodlettsville, TN.
Executive shall continue to be considered a “Eligible Person” as defined under the Company’s Long-Term Incentive Plan for purposes of his outstanding equity awards through the end of the Consulting Term.