P R E A. M B L E :
P R E A. M B L E The Company is aware that, in order to induce highly competent persons to serve the Company as directors or in other capacities, the Company must provide such persons with adequate protection through insurance and indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of the Company. The difficulty of obtaining adequate directors and officers liability insurance in the current market has increased the difficulty of attracting and retaining such persons. The Board of Directors of the Company has determined that (i) it is essential to the best interests of the Company's shareholders that the Company act to assure such persons that there will be increased certainty of such protection in the future, and that (ii) it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify such persons to the fullest extent permitted by applicable law so that they will continue to serve the Company free from undue concern that they will not be so indemnified. The Indemnitee is willing to serve, continue to serve, and take on additional service for or on behalf of the Company on the condition that he be so indemnified;
P R E A. M B L E: ---------------- Pursuant to that certain Loan and Security Agreement dated as of January 28, 2000, as amended on January 16, 2001 by and among Lender and Borrowers, Adventure Marine & Outdoors, Inc., Adventure Marine South, Inc. and Adventure Boat Brokerage, Inc. (collectively, the "Loan Agreement"), Lender made certain financing available to Borrowers. Borrowers have requested Lender to modify certain terms and provisions of the Documents. Lender has agreed to do so, upon the terms and conditions of this Amendment.
Examples of P R E A in a sentence
P R E A M B L E T O S C H E D U L E O F Q U A N T I T I E S Note: While quoting rates for each item of work, the contractor shall include for the following irrespective whether it has been mentioned or not in the description of the item without any extra claim / payment.1. All unexposed surfaces of timber (any variety) used shall be treated with necessary coats of wood preservative.
P R E A M B L E T O S C H E D U L E O F Q U A N T I T I E S Note: While quoting rates for each item of work, the contractor shall include for the following irrespective whether it has been mentioned or not in the description of the item without any extra claim / payment.
P R E A M B L E T O S C H E D U L E O F Q U A N T I T I E S Note: While quoting rates for each item of work, the contractor shall include for the following irrespective whether it has been mentioned or not in the d scription of the item without any extra claim / payment.
All such wells shall be entirely closed in and be provided with a trap door which shall be dust and water proof.S E C T I O N – V I I P R E A M B L E T O B I L L O F Q U A N T I T I E S RATES TO INCLUDE:Rates quoted shall be for the items completed in all respect at all floors/heights/levels including all taxes, octroi and the cost of all materials, fittings, fixtures, all labor and for all the operations as detailed in the specifications and contract conditions.
S E C T I O N – X P R E A M B L E T O B I L L O F Q U A N T I T I E S RATES TO INCLUDE :Rates quoted shall be for the items completed in all respect at all floors/heights/levels including all taxes, octroi and the cost of all materials, fittings, fixtures, all labour and for all the as detailed in the specifications and contract conditions.
More Definitions of P R E A
P R E A. M B L E S: COMPANY franchises certain snack food shops, bakeries and cafes known as "TREATS Stores", which sell and serve specialty baked goods and desserts, including muffins, brownies, crumbles, cookies, and other food and beverage i tems for on premises consumption and carry out, and which operate with and under distinct formats, designs, systems, methods, specifications, standards and procedures, all of which may be improved, further developed or otherwise modified from time to time by COMPANY. TREATS Stores are operated under or associated with certain trademarks, service marks, logos and other commercial symbols in which COMPANY possesses proprietary rights, including "TREATS" and "NOBODY TREATS YOU BETTER" (collectively, the "Marks") and are operated pursuant to COMPANY's proprietary and confidential information. COMPANY grants to persons, who meet COMPANY's qualifications and who are willing to undertake the investment and effort, a franchise to own and operate a TREATS Store offering the products and services approved by COMPANY and utilizing COMPANY's formats, designs, methods, systems, standards, operating procedures and the Marks.
P R E A. M B L E Whereas, the Company initially issued to the Holders its Series 1 Convertible Subordinated Promissory Notes dated July 26, 2001 (as amended by amendments dated as of October 14, 2003 and June 30, 2004 by and between the Company and holders of Series 1 Convertible Subordinated Promissory Notes representing in aggregate outstanding principal amount not less than seventy-five percent (75%) of the aggregate outstanding principal amount of all Series 1 Convertible Subordinated Promissory Notes then outstanding, and including those Series 1 Convertible Subordinated Promissory Notes issued to Holders as payment in kind for interest, the "Notes"); and
P R E A. M B L E: Debtor has requested Agent to provide certain financing to Debtor. Agent has agreed to do so, so long as, among other things, this Agreement is executed and delivered by Debtor to Agent.
P R E A. M B L E The Borrower is the maker of a certain $10,000,000.00 Master Revolving Promissory Note (Facility 1) dated as of January 20, 1995 (the "Facility 1 Note") and a certain $10,000,000 Master Revolving Promissory Note (Facility 2) dated as of January 20, 1995 (the "Facility 2 Note", or together with the Facility 1 Note, the "Notes"), which together evidence a certain $20,000,000.00 loan from the Bank to the Borrower (the "Loan"). The Loan was extended pursuant to a certain Credit Agreement by and between the Bank and the Borrower dated as of January 20, 1995 (the "Credit Agreement"), and is secured by, among other things, that certain Collateral Assignment and Pledge of Master Promissory Notes from Borrower to Bank dated as of January 20, 1995 and is guaranteed by the Continuing Guaranty of AlaTenn Resources, Inc. (the "Guarantor"). The Bank and the Borrower have agreed to renew and modify the Loan, and to amend the documents and instruments evidencing, securing, relating to, guaranteeing or executed or delivered in connection with the Loan (collectively the "Loan Documents").
P R E A. M B L E The Borrower is the maker of a certain $10,000,000.00 Master Revolving Promissory Note (Facility 1) dated as of January 20, 1995 (as amended, the "Facility 1 Note") and a certain $10,000,000 Master Revolving Promissory Note (Facility 2) dated as of January 20, 1995 (as amended, the "Facility 2 Note", or together with the Facility 1 Note, the "Notes"), which together evidence a certain $20,000,000.00 loan from the Bank to the Borrower (the "Loan"). The Loan was extended pursuant to a certain Credit Agreement by and between the Bank and the Borrower dated as of January 20, 1995 (as amended, the "Credit Agreement"), and is secured by, among other things, that certain Collateral Assignment and Pledge of Master Promissory Notes from Borrower to Bank dated as of January 20, 1995 and is guaranteed by the Guarantor. The Bank and the Borrower have agreed to renew and modify the Loan, and to amend the documents and instruments evidencing, securing, relating to, guaranteeing or executed or delivered in connection with the Loan (collectively, as heretofore amended, the "Loan Documents").
P R E A. M B L E AlaTenn Credit Corp. ("AlaTenn Credit") is the maker of and the original borrower under a certain $10,000,000.00 Master Revolving Promissory Note (Facility 1 ) dated as of January 20, 1995 (as amended, the "Facility 1 Note") and a certain $10,000,000 Master Revolving Promissory Note (Facility 2) dated as of January 20, 1995 (as amended, the "Facility 2 Note", or together with the Facility 1 Note, the "Notes"), which together evidence a certain $20,000,000.00 credit facility from the Bank to AlaTenn Credit (the "Loan"). The Loan was made available to AlaTenn Credit by the Bank pursuant to a certain Credit Agreement by and between the Bank and AlaTenn Credit dated as of January 20, 1995, as the same heretofore has been amended, including without limitation by that certain Loan Modification Agreement and Amendment to Loan Documents dated as of January 26, 1996 and by that certain Loan Modification Agreement and Amendment to Loan Documents dated as of February 10, 1997 (as amended, the "Credit Agreement"). The Loan is secured by, among other things, that certain Collateral Assignment and Pledge of Master Promissory Notes from AlaTenn Credit to Bank dated as of January 20, 1995 (the "Collateral Assignment"). Pursuant to a Loan Assumption and Modification Agreement dated September 30, 1997, Atrion assumed the Loan, AlaTenn Credit was to be released from the Loan simultaneously with the dissolution or merger of AlaTenn Credit, and the Master Promissory Notes of the subsidiaries which were sold, dissolved or merged into Atrion or a subsidiary thereof were released from the Collateral Assignment. 60 The Bank and Atrion have agreed to renew and modify the Loan and to amend the documents and instruments evidencing, securing, relating to, guaranteeing or executed or delivered in connection with the Loan (collectively, as heretofore amended, the "Loan Documents") as set forth herein.
P R E A. M B L E The Board of Directors of the Company has authorized and declared a dividend of one Series A Preferred Stock Purchase Right (the "Rights") on each share of common stock, no par value, of the Company (the "Common Stock") outstanding on June 16, 1997 (the "Record Date"), and has authorized the issuance of one Right with respect to each share of Common Stock that shall become outstanding between June 16, 1997, and the earlier of the Distribution Date or the Expiration Date (as such terms are defined in Sections 3 and 7 hereof), each Right representing the right to purchase one one-hundredth of a share of Series A Preferred Stock, having the rights, powers and preferences set forth in the form of Certificate of Designation, Preferences and Rights of Series A Preferred Stock (the "Preferred Stock"), attached hereto as Exhibit A, upon the terms and subject to the conditions hereinafter set forth. ACCORDINGLY, in consideration of the premises and the mutual agreements herein set forth, THE PARTIES HEREBY AGREE AS FOLLOWS: