Examples of Newcastle Group in a sentence
The Separation and Distribution Agreement will not include any non-competition or other similar restrictive arrangements with respect to the range of business activities that may be conducted, or investments that may be made, by either the Newcastle Group or the New Senior Investment Group.
At the time of such termination, all parties will be released from liability under such agreements and arrangements, other than with respect to the settlement of intercompany accounts, which will be satisfied and/or settled in full in cash or otherwise cancelled and terminated or extinguished by the relevant members of the New Senior Investment Group or Newcastle Group prior to the time of effectiveness of the Separation and Distribution Agreement.Releases and Indemnification.
Each of the parties will agree that nothing set forth in the agreement shall be construed to create any restriction or other limitation on the ability of any of the Newcastle Group or New Senior Investment Group to engage in any business or other activity that overlaps or competes with the business of any other party, including investing in residential mortgage related securities.Certain Tax-Related Covenants.
Each Intercompany Account outstanding immediately prior to the Distribution Date (other than those set forth on Section 2.3 of the Disclosure Schedule, if any), will be satisfied and/or settled in full in cash or otherwise cancelled and terminated or extinguished by the relevant members of the Newcastle Group and the New Residential Group prior to the Effective Time, in each case, in the manner agreed to by the Parties.
Each Intercompany Account outstanding immediately prior to the Distribution Date (other than those set forth on Section 2.3 of the Disclosure Schedule, if any), will be satisfied and/or settled in full in cash or otherwise cancelled and terminated or extinguished by the relevant members of the Newcastle Group and the New Senior Group prior to the Effective Time, in each case, in the manner agreed to by the Parties.
Fax: (000) 000-0000 if to the Newcastle Group: Newcastle Partners, L.P. 000 Xxxxxxxx Xxxxx, Xxxxx 0000 Xxxxxx, Xxxxx 00000 Attention: Xxxx X.
Xxxxxxx becoming a director of Vesta shall not be deemed to cause the Newcastle Group to violate the provisions of Section 6 of this Agreement.
Furthermore, Vesta and the Newcastle Group desire to otherwise resolve all matters between them, including those matters at issue in or with respect to the Stockholder Nominations, the Florida Litigation, and the FOIR Proceeding.
The Newcastle Group shall cause all shares of the Newcastle Held Shares and any other Vesta Common Stock beneficially owned by the members of the Newcastle Group, and/or their respective Affiliates or Associates, as of the record date for the 2005 Annual Meeting, to be present for quorum purposes and to be voted in favor of the Vesta Nominees at the 2005 Annual Meeting.
Vesta hereby represents and warrants to the Newcastle Group that this Agreement has been duly authorized, executed and delivered by Vesta, and is a valid and binding obligation of Vesta, enforceable against Vesta in accordance with its terms.