Concurrent Transaction. The Seller understands and acknowledges that in conjunction with the repurchase contemplated by this Agreement, that the Company is issuing and selling 135,301,552 shares of Common Stock at an aggregate price equal to the Purchase Price hereunder, and that the repurchase hereunder is a condition to such issuance and sale.
Concurrent Transaction. On or prior to the Closing Date, the Debt Offering shall have been consummated.
Concurrent Transaction. Seller understands and acknowledges that the Company's other shareholder, Mark Xxxxxx ("XARTXX") xas negotiated separately with the Purchaser for the sale and purchase of Martxx'x xxxres of the capital stock of the Company. Seller further understands and acknowledges that the Purchaser would not have agreed to purchase the Shares without Martxx'x xxxcurrent agreement to sell his shares in the Company to the Purchaser, that the concurrent purchase of Martxx'x xxxres in the Company is a condition of Closing, and that if negotiations with the Purchaser had been conducted by him jointly with Martxx, Xxller might have realized a higher price for the Shares. Nevertheless, Seller is satisfied with the Purchase Price and terms provided herein, and he is willing and has freely agreed to sell the Shares to the Purchaser at such price and on such terms.
Concurrent Transaction. The Concurrent Transaction shall close concurrently with the transactions contemplated herein.
Concurrent Transaction. (a) The Trust will issue and sell the Trust Preferred Securities concurrently with the issue and sale of the Subordinated Debentures.
Concurrent Transaction. Seller understands and acknowledges that the Company's other shareholder, Larrx Xxxx ("XOPP") xas negotiated separately with the Purchaser for the sale and purchase of Hopp'x xxxres of the capital stock of the Company. Seller further understands and acknowledges that the Purchaser would not have agreed to purchase the Shares without Hopp'x xxxcurrent agreement to sell his shares in the Company to the Purchaser, that the concurrent purchase of Hopp'x xxxres in the Company is a condition of Closing, and that if negotiations with the Purchaser had been conducted by him jointly with Hopp, Xxller might have realized a higher price for the Shares. Nevertheless, Seller is satisfied with the Purchase Consideration and other terms provided herein, and he is willing and has freely agreed to sell the Shares to the Purchaser for such consideration and on such terms.
Concurrent Transaction. Concurrently with the execution and delivery of this Agreement, Newpark, certain of the Partners and other interested parties are executing and delivering an agreement (the "Related Agreement") pursuant to which Newpark intends to acquire (the "Related Acquisition") on the Closing Date, solely in exchange for 186,666 newly issued shares of voting Common Stock of Newpark, 100% of the outstanding equity interests in CHEMICAL TECHNOLOGIES, INC., a Texas corporation. The consummation of the Related Acquisition on or before the Closing Date is a condition precedent to each party's obligations under this Agreement unless waived in writing by such party.
Concurrent Transaction. Seller acknowledges that Buyer is completing the West Thrace Deep Rights Disposition in conjunction with the transactions contemplated by this Agreement. Seller acknowledges and agrees that: (a) the completion of the West Thrace Deep Rights Disposition is necessary for and a condition precedent to completion of the Closing, and (b) Buyer may be required and shall be permitted to disclose confidential information relating to the transactions contemplated by this Agreement and the Company to counterparties in connection with the West Thrace Deep Rights Disposition. Seller shall cooperate with Buyer in facilitating completion of the West Thrace Deep Rights Disposition, including by making appropriate personnel and financial and other information available at the reasonable request of Buyer.
Concurrent Transaction. The closing of the West Thrace Deep Rights Disposition shall have been completed (or shall be completed concurrently with the Closing) and Buyer or its Affiliates shall have received all proceeds therefrom (or shall receive such proceeds concurrently with the Closing).
Concurrent Transaction. The Seller understands and acknowledges that in conjunction with the repurchase contemplated by this Agreement, that the Company is issuing and delivering 9,250 shares of the Company’s Series A Convertible Preferred Stock to the Shareholder in exchange of all the issued and outstanding shares of DK thereby effecting a reverse merger with DK, and that the repurchase hereunder is a condition to the closing of such share exchange.
