Permitted Business Combination definition
Examples of Permitted Business Combination in a sentence
The Permitted Business Combination Entities will not, directly or indirectly sell or otherwise Dispose of, any property or assets, except pursuant to a Disposition (i) specified in clauses (3), (4), (6) – (10), and (12) – (19) of “Permitted Disposition” or (ii) made pursuant to any contractual or other legal or regulatory obligation existing on the Permitted Change of Control Effective Date.
In the case of a Permitted Business Combination, the acquired business or Person, as applicable, may continue to manufacture and sell biodiesel without Seller being deemed to have violated the other provisions of this Article XIII, but neither Seller nor any of its other Affiliates are otherwise relieved of their obligations under this Article XIII as a result of a Permitted Business Combination.
From time to time, but prior to the earlier of (i) 12 months from the Initial Closing Date and (ii) effectiveness of the Permitted Business Combination, at Issuer’s request by written notice to Purchaser that Purchaser purchase one or more Additional Notes in an aggregate amount of up to an additional $13,000,000, Purchaser may purchase, at its discretion, Additional Notes in an aggregate amount of up to an additional $13,000,000.
Negotiations with respect to the Permitted Business Combination, as announced in the press release of Issuer dated February 10, 2007, are on-going, and to Issuer’s Knowledge, no events have occurred that would indicate that such Permitted Business Combination will not occur on terms substantially similar to those contemplated in the press release.
If the Purchaser fails to vote any Class B Shares or Class A Shares it is required to vote hereunder in favor of a Proposed Permitted Business Combination, the Purchaser hereby grants to the Company and any representative designated by the Company without further action by the Purchaser a limited irrevocable power of attorney to effect such vote on behalf of the Purchaser, which power of attorney shall be deemed to be coupled with an interest.