Common use of Agreement of the Company Clause in Contracts

Agreement of the Company. The Company hereby agrees: (i) to accept the Exercise Letter when submitted by the Lender; (ii) to sell the shares covered by the Options described in the Exercise Letter when submitted by the Lender and apply the proceeds of such a sale as described in the Exercise Letter; and (iii) upon receipt by the Company of a written notice (a "Default Notice") from the Lender which states that Borrower is in default under the Note, to cancel those Options granted to Borrower that are specified by the Lender in the Default Notice as authorized in Section 1(b) above. Upon receipt by the Company of any request from Borrower regarding an exercise of Options, the Company further agrees to sell the shares covered by such Options and apply the proceeds of such a sale as set forth in this letter agreement as if the Lender had delivered an Exercise Notice to the Company.

Appears in 3 contracts

Samples: Unitedglobalcom Inc, Unitedglobalcom Inc, Unitedglobalcom Inc

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Agreement of the Company. The Company hereby agrees: (i) to accept the Exercise Letter when submitted by the Lender; (ii) to sell the shares covered by the Options described in the Exercise Letter when submitted by the Lender and apply the proceeds of such a sale as described in the Exercise Letter; and (iii) upon receipt by the Company of a written notice (a "Default Notice") from the Lender which states that Borrower is in default under one or more of the NoteNotes, to cancel those Options granted to Borrower that are specified by the Lender in the Default Notice as authorized in Section 1(b) above. Upon receipt by the Company of any request from Borrower regarding an exercise of Options, the Company further agrees to sell the shares covered by such Options and apply the proceeds of such a sale as set forth in this letter agreement as if the Lender had delivered an Exercise Notice to the Company.

Appears in 3 contracts

Samples: Unitedglobalcom Inc, Unitedglobalcom Inc, Unitedglobalcom Inc

Agreement of the Company. The Company hereby agrees: (i) to accept the Exercise Letter when submitted by the Lender; (ii) to sell the shares covered by the Options described in the Exercise Letter when submitted by the Lender and apply the proceeds of such a sale as described in the Exercise Letter; and (iii) upon receipt by the Company of a written notice (a "Default Notice") from the Lender which states that Borrower is in default under one or more of the NoteNotes, to cancel those Options granted to Borrower MTF that are specified by the Lender in the Default Notice as authorized in Section 1(b) above. Upon receipt by the Company of any request from Borrower MTF regarding an exercise of Options, the Company further agrees to sell the shares covered by such Options and apply the proceeds of such a sale as set forth in this letter agreement as if the Lender had delivered an Exercise Notice to the Company.

Appears in 2 contracts

Samples: Unitedglobalcom Inc, Unitedglobalcom Inc

Agreement of the Company. The Company hereby agrees: (i) to accept the Exercise Letter Letters when submitted by the Lender; (ii) to sell the shares covered by the Options described in the Exercise Letter Letters when submitted by the Lender and apply the proceeds of such a sale as described in the Exercise LetterLetters; and (iii) upon receipt by the Company of a written notice (a "Default Notice") from the Lender which states that Borrower is in default under one or more of the NoteNotes, to cancel those Options granted to Borrower that are specified by the Lender in the Default Notice as authorized in Section 1(b) above. Upon receipt by the Company of any request from Borrower regarding an exercise of Options, the Company further agrees to sell the shares covered by such Options and apply the proceeds of such a sale as set forth in this letter agreement as if the Lender had delivered an Exercise Notice to the Company.

Appears in 1 contract

Samples: Unitedglobalcom Inc

Agreement of the Company. The Company hereby agrees: (i) to accept the Exercise Letter Letters when submitted by the Lender; (ii) to sell the shares covered by the Options described in the Exercise Letter Letters when submitted by the Lender and apply the proceeds of such a sale as described in the Exercise LetterLetters; and (iii) upon receipt by the Company of a written notice (a "Default Notice") from the Lender which states that a Borrower is in default under one or more of the NoteNotes, to cancel those Options granted to Borrower MLS that are specified by the Lender in the Default Notice as authorized in Section 1(b) above. Upon receipt by the Company of any request from Borrower MLS regarding an exercise of Options, the Company further agrees to sell the shares covered by such Options and apply the proceeds of such a sale as set forth in this letter agreement as if the Lender had delivered an Exercise Notice to the Company.

Appears in 1 contract

Samples: Unitedglobalcom Inc

Agreement of the Company. The Company hereby agrees: (i) to accept the Exercise Letter when submitted by the Lender; (ii) to sell the shares covered by the Options described in the Exercise Letter when submitted by the Lender and apply the proceeds of such a sale as described in the Exercise Letter; and (iii) upon receipt by the Company of a written notice (a "Default Notice") from the Lender which states that a Borrower is in default under one or more of the NoteNotes, to cancel those Options granted to Borrower MLS that are specified by the Lender in the Default Notice as authorized in Section 1(b) above. Upon receipt by the Company of any request from Borrower MLS regarding an exercise of Options, the Company further agrees to sell the shares covered by such Options and apply the proceeds of such a sale as set forth in this letter agreement as if the Lender had delivered an Exercise Notice to the Company.

Appears in 1 contract

Samples: Unitedglobalcom Inc

Agreement of the Company. The Company hereby agrees: (i) to accept the Exercise Letter Letters when submitted by the Lender; (ii) to sell the shares covered by the Options described in the Exercise Letter Letters when submitted by the Lender and apply the proceeds of such a sale as described in the Exercise LetterLetters; and (iii) upon receipt by the Company of a written notice (a "Default Notice") from the Lender which states that Borrower is in default under one or more of the NoteNotes, to cancel those Options granted to Borrower MTF that are specified by the Lender in the Default Notice as authorized in Section 1(b) above. Upon receipt by the Company of any request from Borrower MTF regarding an exercise of Options, the Company further agrees to sell the shares covered by such Options and apply the proceeds of such a sale as set forth in this letter agreement as if the Lender had delivered an Exercise Notice to the Company.

Appears in 1 contract

Samples: Unitedglobalcom Inc

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Agreement of the Company. The Company hereby agrees: (i) to accept the Exercise Letter Letters when submitted by the Lender; (ii) to sell the shares covered by the Options described in the Exercise Letter Letters when submitted by the Lender and apply the proceeds of such a sale as described in the Exercise LetterLetters; and (iii) upon receipt by the Company of a written notice (a "Default Notice") from the Lender which states that Borrower MTF is in default under one or more of the NoteNotes, to cancel those Options granted to Borrower MTF that are specified by the Lender in the Default Notice as authorized in by Section 1(b) above. Upon receipt by the Company of any request from Borrower MTF regarding an exercise of Options, the Company further agrees to sell the shares covered by such Options and apply the proceeds of such a sale as set forth in this letter agreement as if the Lender had delivered an Exercise Notice to the Company.

Appears in 1 contract

Samples: Unitedglobalcom Inc

Agreement of the Company. The Company hereby agrees: (i) to accept the Exercise Letter when submitted by the Lender; (ii) to sell the shares covered by the Options described in the Exercise Letter when submitted by the Lender and apply the proceeds of such a sale as described in the Exercise Letter; and (iii) upon receipt by the Company of a written notice (a "Default Notice") from the Lender which states that a Borrower is in default under one or more of the NoteNotes, to cancel those Options granted to Borrower MLS that are specified by the Lender in the Default Notice as authorized in Section 1(b) above. Upon receipt by the Company of any request from Borrower MLS regarding an exercise of Options, the Company further agrees to sell the shares covered by such Options and apply the proceeds of such a sale as set forth in this letter agreement as if the Lender had delivered an Exercise Notice to the Company.

Appears in 1 contract

Samples: Unitedglobalcom Inc

Agreement of the Company. The Company hereby agrees: (i) to accept the Exercise Letter Letters when submitted by the Lender; (ii) to sell the shares covered by the Options described in the Exercise Letter Letters when submitted by the Lender and apply the proceeds of such a sale as described in the Exercise LetterLetters; and (iii) upon receipt by the Company of a written notice (a "Default Notice") from the Lender which states that Borrower is in default under one or more of the NoteNotes, to cancel those Options granted to Borrower MTF that are specified by the Lender in the Default Notice as authorized in Section 1(b) above. Upon receipt by the Company of any request from Borrower MTF regarding an exercise of Options, the Company further agrees to sell the shares covered by such Options and apply the proceeds of such a sale as set forth in this letter agreement as if the Lender had delivered an on Exercise Notice to the Company.

Appears in 1 contract

Samples: Unitedglobalcom Inc

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