Examples of Xxxxxx Option in a sentence
The Company does not expect any Xxxxxx Option Agreement or the relationship with the counterparties thereto to be terminated or adversely modified, amended or varied or adversely enforced against the Company or Canam, as applicable, other than in the ordinary course of business.
The employment of each Cable Employee with Xxxxxx and its Affiliates will be treated as terminated as of the Distribution for purposes of any outstanding Xxxxxx Option held by such Cable Employee.
The Company and Canam are not in violation, breach or default nor has it received any notification from any party claiming that the Company or Canam are in violation, breach or default under any Xxxxxx Option Agreement and no other party, to the knowledge of the Company, is in breach, violation or default of any term under any Xxxxxx Option Agreement.
Neither the properties or assets (nor the Xxxxxx Option Agreements or any other option agreement or any interest in, or right to earn an interest in, any properties or assets) of the Company or the Subsidiaries are subject to any right of first refusal or purchase or acquisition rights of a third party.
The Company and Canam have performed all obligations (including all necessary work and payment obligations) in a timely manner (and in accordance with all applicable work program progress and payment schedules or requirements) under the Xxxxxx Option Agreements, anticipate being able to continue to perform all such obligations moving forward and have been operating in accordance with the terms of and are in compliance with all terms and conditions contained in each Xxxxxx Option Agreement.