Common use of Simultaneous Transactions Clause in Contracts

Simultaneous Transactions. Subject to the terms and conditions set forth in this Agreement, simultaneous with the consummation of the Exchange, the following transactions shall be consummated: (a) The Company shall consummate the Debt Financing. (b) The Company shall make the Parent Note Repayment and the Acquisition Notes Repayment by paying to Parent, by wire transfer pursuant to written wire transfer instructions provided to the Company by Parent, in immediately available funds, an amount equal to the Parent Cash Amount plus the Acquisition Funding Amount and thereupon the Parent Note and the Acquisition Notes, having been fully satisfied, shall be canceled and all obligations thereunder extinguished. (c) The Company shall make the Rugby Note Repayment by paying to Rugby, by wire transfer pursuant to written wire transfer instructions provided to the Company by Rugby, in immediately available funds, an amount equal to the Rugby Cash Amount and thereupon the Rugby Note, having been fully satisfied, shall be canceled and all obligations thereunder extinguished.