Examples of Mercury II in a sentence
Each item of Assumed Mercury Debt being assumed by the Company is a bona fide obligation of Mercury I or Mercury II and the amount set forth opposite each item on Schedule 2.8 is the outstanding amount of principal and accrued and unpaid interest thereon as of March 31, 1998.
All financial projections furnished to the Cash Equity Investors were based upon assumptions reasonably believed by Mercury I, Mercury II or the Management Stockholders, as applicable, to be reasonable and fair as of the date the projections were prepared in the context of history and current and reasonably foreseeable business conditions of the Company.
At the Closing, in the event that the Option Agreement is not executed, the Company will pay Mercury II an amount equal to interest on indebtedness to the United States Department of the Treasury attributable to the Florida Licenses accrued from the date hereof through the date that AT&T PCS notifies the Company that AT&T PCS does not consent to the execution of the Option Agreement (or, in the absence of such notice, 30 days after such consent is requested in writing by the Company).
Mercury I and Mercury II and each Mercury Investor --------------- Indemnitor hereby agrees that all of the shares of Company Stock issued to it, him or her pursuant to the Mergers shall be deemed Escrowed Shares for all purposes under this Agreement and the Tritel Securities Purchase Agreement including, without limitation, the provisions of Section 6.10 and Section 8.9 of the Tritel Securities Purchase Agreement.
Xxxxxxxxxxxxx Facsimile: (000) 000-0000 If to Mercury I or Mercury II, to: 0000 Xxxxxxxxxx Xxxx Jackson, MS 39213-8003 Attention: Xxxxxxx X.
The Company shall (i) execute and deliver to each of Mercury I and Mercury II an instrument of assumption, in form and substance reasonably satisfactory to Mercury I and Mercury II, in respect of the indebtedness to be assumed by the Company pursuant to Section 2.8 and (ii) pay to each of Mercury I and Mercury II an amount equal to interest actually paid by such Person on such indebtedness through the Closing Date as evidenced by documentation reasonably satisfactory to the Company.
Each of Mercury I and Mercury II is Solvent after giving effect to the consummation of the Transactions, including the Mercury License Transfer.
The Company hereby irrevocably and unconditionally commits, from time to time, upon ten business days' notice from Mercury I or Mercury II, to make advances to Mercury I and Mercury II against Old Mercury Expenses payable by Mercury I and Mercury II, which advances shall be evidenced by the Old Mercury Note.
Each of Mercury I and Mercury II is the authorized legal holder, free and clear of any Liens (other than Liens securing the FCC Debt or Liens in favor of Southern Farm and Lucent that will be released at or prior to Closing), of the Mercury Licenses set forth opposite its name on Schedule V, true and correct copies of which are attached thereto.
Mercury I or Mercury II, as applicable, has, and upon the delivery of the transfer documents pursuant to Section 3.2(c)(ii), the Company (or the applicable Subsidiary) will have, good and marketable title to, each of the Contributed Mercury Assets free and clear of any Liens (other than Liens in favor of Southern Farm and Lucent that will be released at or prior to Closing).