Examples of Purchase and Put Agreement in a sentence
Also on the Effective Date, Reorganized Greektown shall pay all reasonable fees and expenses of the Indenture Trustee, any fees and amounts payable to parties to the Letter Agreement and the Purchase and Put Agreement pursuant to the terms of such agreements that have not been previously paid by the Debtors, and any fees of the Rights Offering Agent that have not been previously paid by the Debtors.
The Purchase and Put Agreement is attached to the Plan as Exhibit 2.
In accordance with the Purchase and Put Agreement, the Put Parties have committed to purchase at the Preferred Rights Offering Price the aggregate principal amount of Rights Offering Securities, not otherwise subscribed for in the Rights Offering.
In addition, under the Purchase and Put Agreement, certain of the Put Parties will purchase 150,000 Rights Offering Securities at the Subscription Purchase Price.
In exchange for entering into the Purchase and Put Agreement, the Put Parties shall receive a put premium in the aggregate equal to (i) Ten Million Dollars ($10,000,000) and (ii) Two Hundred Twenty Two Thousand Two Hundred Twenty Two (222,222) Rights Offering Securities; provided, however, that the Put Parties have reserved the right to accept an additional One Hundred Thousand One Hundred Eleven (111,111) Rights Offering Securities in lieu of the Cash payment.
Attached to the Purchase and Put Agreement was a term sheet setting forth material terms to be included in the Plan and describing the various transactions contemplated thereunder as otherwise encompassed in the Plan and this Disclosure Statement.
You have received and executed the SIRVA Relocation benefits package, including the Option to Purchase and Put Agreement.
In consideration for the Put Agreement, the Put Parties shall receive the put premiums set forth in the Purchase and Put Agreement.
The Purchase and Put Agreement of each Purchaser hereunder is several and not joint and each Purchaser is acting in respect of its Purchase and Put Agreement separately and independently from any other purchaser of the Purchaser Preferred.
Except with respect to any provision that expressly survives pursuant to Section 8 hereof, this Purchase Letter will terminate automatically on the earliest of (i) the closing of the Preferred Stock Offering, (ii) the Purchase and Put Agreement Expiration Date and (iii) the date upon which any termination event set forth on Exhibit D hereto shall have occurred.