Application of Purchase Price. In the event that you are in breach of your Covenants or you repudiate this Contract that part of the Purchase Price and any other monies paid by you to us under this Contract amounting in the aggregate to:
Application of Purchase Price. The Purchase Price shall be applied by the Company in the manner set out in Schedule 3 to the Participation Agreement.
Application of Purchase Price. Upon receipt by First Union from Borrower of the Purchase Price paid by any Purchaser for a Mortgage Note, First Union will apply the same in reduction of the outstanding balance of the Loan. First Union agrees to release to Borrower any portion of the Purchase Price paid by the Purchaser in excess of the amount advanced by First Union for such Mortgage Note, unless an Event of Default under Section 9.1 has occurred and is continuing.
Application of Purchase Price. The Seller acknowledges and agrees that it will not own, directly or indirectly, any shares, equity interest or securities of the Company after the consummation of the transactions contemplated by the Spin-Off Agreement dated the date hereof, by and among the Company and DKTI (the “Spin-Off Agreement”).
Application of Purchase Price. The purchase price paid to the Defaulting Member for its Offered Interest pursuant to this Article 15 and pursuant to the Sale Procedure shall be deemed to be applied in the following order of priority:
Application of Purchase Price. The proceeds from the Purchase Price will be utilized to repay the Outstanding Liabilities of Lawbaugh owed to the Company or any Affiliate as of the Closing Date.
Application of Purchase Price. Seller shall apply the Purchase Price, including the Earn-Out Amount, received hereunder against payment of the outstanding obligations of Stonepath and the Subs to Seller under the Loan Documents in accordance with applicable law, including Section 9-615 of the UCC.
Application of Purchase Price. 9 ARTICLE II -- THE CLOSING..............................................................................................9 Section 2.1 Closing.......................................................................9 Section 2.2 Deliveries at Closing.........................................................9
Application of Purchase Price. Upon receipt of the Purchase Price, the Sellers shall be obligated to (i) cure all defaults under the Assumed Contracts arising or existing prior to the Closing Date as set forth in Section 1.7 of the Company Disclosure Letter and (ii) at such time as the Sellers are obligated to do so under applicable bankruptcy law, pay all post-petition expenses of the Sellers, including its portion of the fees of the Escrow Agent under the Escrow Agreement and any taxes or other expenses relating to this Agreement which are not specifically assumed by the Purchaser hereunder.
Application of Purchase Price. From and after the Closing, Parent and Seller shall apply the Purchase Price in accordance with the terms of the Credit Agreement, the Credit Agreement Release Documents, the Indenture and the Indenture Release Documents, and shall not take any action that could result in Purchaser, the Company, the Subsidiaries or any of their respective Affiliates having any liability as a successor or guarantor under the Credit Agreement or the Indenture.
