Examples of Toy Biz in a sentence
As of the Consummation Date, Characters shall be deemed to have voted all of its Toy Biz common stock in favor of the Merger Agreement, any Qualifying Transaction and the transactions contemplated hereby.
All notices and other communications hereunder shall be in writing and shall be delivered personally against receipt thereof, or transmitted by telecopier or by registered or certified mail (postage prepaid, return receipt requested) to the parties at the following addresses (or at such other address for a party as shall be specified by like notice): If to the Company, to Toy Biz, Inc.
In the event that a Qualifying Transaction closes, holders of Toy Biz common stock (other than the Debtors) shall receive on the Consummation Date an amount of Cash equal to the Toy Biz Cash Distribution less the Breakup Fee and certain professional fees which net amount shall be payable in immediately available funds in accordance with instructions to be provided to the Debtors by Toy Biz on or before the Consummation Date.
Any outstanding Toy Biz preferred stock or stock options shall be eliminated prior to the Consummation Date or will only dilute the Newco Common Stock to be distributed pursuant to Section 6.6 hereof.
Telephone: (302) 571-6600 Telecopier: (302) 571-1253 If to Toy Biz: TOY BIZ, INC.
In the event that no Qualifying Transaction closes, Toy Biz shall arrange for Newco to obtain the Term Loan Facility, the Working Capital Facility and investors to purchase ninety million dollars ($90,000,000) of Convertible Preferred Stock for ninety million dollars ($90,000,000) in Cash.
The initial Board of Directors of Newco shall consist of six (6) individuals designated by Toy Biz and the New Investors and five (5) individuals designated by the Secured Lenders.
Each of the conditions precedent in Sections 11.1 and 11.2 hereof may only effectively be waived, in whole or in part, if waived, by the Proponents acting jointly except that the consent of Toy Biz is not required to waive the condition precedent contained in Section 11.2(d) hereof.
The execution, delivery and performance by Toy Biz of this Agreement, and the consummation by it of the transactions contemplated hereby, have been duly authorized by the board of directors of Toy Biz and no other corporate action on the part of Toy Biz is necessary to authorize the execution and delivery by Toy Biz of this Agreement and, except for the approval of the stockholders of Toy Biz, the consummation by it of the transactions contemplated hereby.
All such shares have been validly issued and are fully paid and non-assessable and are owned by Toy Biz free and clear of all liens, charges, claims or encumbrances.