Examples of Oxford Agreement in a sentence
Pregent advised that the Committee postponed reorganization until a new Board Member was assigned to the Committee, and provided an overview of the minutes, including; a review of SBAC data, Effective Practices as a Universal Focus, and Progress Monitoring.
Such Obligor will not, and will not permit any of its Subsidiaries to, make any payments in respect of any Indebtedness other than (i) payments of the Obligations, (ii) scheduled payments of other Indebtedness, (iii) repayment of intercompany Indebtedness permitted in reliance upon Section 9.01(f) and (iv) on or prior to the first Borrowing Date, payments due under the Oxford Agreement.
If the Oxford Put is implemented, at Purchaser's election, the Parties will execute and deliver at the Closing an administration services agreement on terms substantially similar to those of the Administrative Services Agreement, provided that the compensation will be structured to provide a pass-through to Purchaser of the compensation payable to Seller pursuant to the Oxford Agreement with respect to the Oxford Annuity Contracts.
In addition, all references to Oxford Life Insurance Company, the Oxford Agreement and the Oxford Annuity Contracts in the Schedules to this Agreement shall be deemed deleted.
Such Obligor will not, and will not permit any of its Subsidiaries to, directly or indirectly, enter into, incur or permit to exist any Restrictive Agreement other than (a) restrictions and conditions imposed by law or by the Loan Documents, (b) Restrictive Agreements listed on Schedule 7.15 to the Disclosure Letter, (c) restrictions or conditions imposed by an agreement relating to Permitted Priority Debt or Permitted Cure Debt and (d) prior to the first Borrowing Date, the Oxford Agreement.
The Company used $10,085 of the loan proceeds to repay the outstanding principal of $8,667, a final payment fee of $1,300 plus accrued interest and prepayment fees of $118 under the Oxford Agreement.
Oxford further consents to Borrower's issuance of shares of Borrower's common stock in connection with its initial public offering, notwithstanding any covenant contained in the Existing Oxford Agreement, and agrees that Borrower's issuance of common stock in connection with Borrower's initial public offering shall not result in or constitute a breach or violation of any covenant contained in the Existing Oxford Agreement.
Either party may terminate the Oxford Agreement for the other party's uncured material breach or with respect to a failure to make a required payment.
In order to secure performance under the Oxford Agreement and the Oxford Notes, the Company granted to Oxford a security interest in the Company’s current and future personal property and fixtures, and the Company agreed to a covenant not to transfer, assign or otherwise encumber its intellectual property other than licenses granted in the ordinary course of business or pursuant to agreements that the Company reasonably believes are in, or not opposed to, its best interest.
The 2013 Oxford Agreement requires the Company to remit fees upon the Company or any sub-licensee meeting certain milestones, as well as up to an aggregate of £375,000 ($507,000) upon the achievement of specified milestones and a low single-digit percentage of net sales upon the Company achieving regulatory approval, subject to quarterly minimums.