Redemption Agreements definition
Examples of Redemption Agreements in a sentence
All costs and expenses incurred in connection with the Agreement and the transactions contemplated hereby shall be paid by the Party incurring such costs and expenses, except that the Purchaser shall be responsible to pay 50.0% of the legal fees incurred by the Company in connection with the transactions contemplated by this Agreement and the Stock Redemption Agreements.
Furthermore, on the Consummation Date the Company will cause to be paid to the Other Stockholders, the $5,000,000 aggregate redemption payment amount owed by the Company in connection with the Redemption Agreements.
At the Closing, since OSO shall have acquired all OSM Units, the Unitholders, in their capacity as Unitholders, shall no longer be subject to the OSM Operating Agreement or the Redemption Agreements.
The Parties acknowledge that, in partial consideration for the consideration to be received by the Private Investors pursuant to Sections 2.4 and 2.5 above, each of the Private Investors assigns and transfers to MLP, and waives and relinquishes, any and all rights, claims and interests under the Redemption Agreements.
Not later than August 5, 2001, Old Mutual will deliver to Purchaser such information as Purchaser shall reasonably require in order to pay the amounts payable under the Redemption Agreements.