Surrender Agreements Sample Clauses

A Surrender Agreement clause outlines the terms under which a tenant voluntarily gives up possession of leased property before the lease term expires. This clause typically details the process for notifying the landlord, the condition in which the property must be returned, and any financial obligations such as payment of outstanding rent or surrender fees. Its core practical function is to provide a clear, mutually agreed-upon process for ending a lease early, thereby minimizing disputes and ensuring both parties understand their rights and responsibilities during the surrender.
Surrender Agreements. Innovate shall have received copies of the Share Surrender Agreements and Option Surrender Agreements, duly executed by each of the Company Shareholders and the holders of Company Options.
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Surrender Agreements. Seller and Personality shall have executed and delivered the Personality Surrender Agreement and Seller shall have delivered a copy of the executed Personality Surrender Agreement to Buyer. Handcraft and Personality shall have executed and delivered the Handcraft Surrender Agreement and Seller shall have delivered a copy of the executed Handcraft Surrender Agreement to Buyer; and
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Surrender Agreements. On 31 May 2017, ▇▇▇ has entered into the Surrender Agreements with ORL and ▇▇▇▇▇▇ respectively to surrender the Surrendered Premises under the Third Existing Tenancy Agreement and the Ninth Existing Tenancy Agreement on 30 June 2017. ORL and Marina are indirectly wholly-owned by the ▇▇▇▇▇▇ Family Trust which indirectly holds 51.56% of the shares of the Company in issue. As such, ORL and Marina are connected persons of the Company under the GEM Listing Rules. Accordingly, the Surrender Agreements constitute continuing connected transactions for the Company. Pursuant to the Surrender Agreements, TSO shall surrender the Surrendered Premises under the Third Existing Tenancy Agreement and the Ninth Existing Tenancy Agreement to ORL and Marina respectively on 30 June 2017. Accordingly, the Company is subject to the announcement requirement under the Note to Rule 20.33 of the GEM Listing Rules. On 31 May 2017, GEL, ▇▇▇ and ORL as landlords entered into the New Tenancy Agreements with TSO (a wholly-owned subsidiary of the Company) as tenant in relation to the tenancies of the Properties. The principal terms of the New Tenancy Agreements are set out below:
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Surrender Agreements. Each individual who is a holder of an Option that is outstanding and unexercised as of the date hereof has executed and delivered an Option Surrender Agreement (or, in the case of holders of Unvested Options, an Option Surrender and Waiver Agreement) each to become effective as of, and contingent upon, the Closing, effectuating the provisions of this Section 1.3. Each individual who is a holder of an RSU has executed and delivered an RSU Surrender Agreement each to become effective as of, and contingent upon, the Closing, effectuating the provisions of this Section 1.3.
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Surrender Agreements. Each holder of any unexpired outstanding Stock Option (whether granted under a Stock Option Plan or otherwise) shall have executed a Surrender Agreement and delivered such Surrender Agreement to MergerCo.
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Surrender Agreements. The Company shall use commercially reasonable efforts to obtain an executed surrender agreement, with respect to each Warrant or Option, from each Warrant Holder or Option Holder, as applicable, pursuant to which such Person shall surrender its Warrants or Options, as applicable, in exchange for the applicable portion of the Allocated Merger Consideration as set forth herein.
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Surrender Agreements. ORL and Marina are indirectly wholly-owned by the ▇▇▇▇▇▇ Family Trust which indirectly holds 51.56% of the shares of the Company in issue. As such, ORL and Marina are connected persons of the Company under the GEM Listing Rules. Accordingly, the Surrender Agreements constitute continuing connected transactions for the Company. Pursuant to the Surrender Agreements, TSO shall surrender the Surrendered Premises under the Third Existing Tenancy Agreement and the Ninth Existing Tenancy Agreement to ORL and Marina respectively on 30 June 2017. Accordingly, the Company is subject to the announcement requirement under the Note to Rule 20.33 of the GEM Listing Rules.
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Surrender Agreements. The Company shall use all commercially reasonable efforts to cause (a) each Vested Company Optionholder that is a Non-Continuing Employee to deliver a duly executed Option Surrender Agreement prior to the Closing Date and (b) each Company RSU Holder to deliver a duly executed RSU Surrender Agreement prior to the Closing Date. Notwithstanding the delivery of any Suitability Documentation to Parent prior to the Closing, any Vested Company Optionholder or Company RSU Holder may, in the reasonable discretion of Parent, be deemed to be an “Accredited Stockholder” or “Unaccredited Stockholder” for purposes of this Agreement.
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Related to Surrender Agreements

  • Joinder Agreements If, at the option of the Borrower or as required pursuant to Section 4.13 of the Credit Agreement, the Borrower shall cause any Subsidiary that is not a Grantor to become a Grantor hereunder, such Subsidiary shall execute and deliver to Agent a Joinder Agreement substantially in the form of Annex 2 and shall thereafter for all purposes be a party hereto and have the same rights, benefits and obligations as a Grantor party hereto on the Closing Date.

  • Assignment Agreements Each Bank may, from time to time, with the consent of the Borrower and Agent (which will not in any instance be unreasonably withheld), sell or assign to other banking institutions rated "B" or better by Thom▇▇▇▇ ▇▇▇k Watch Service a pro rata part of all of the indebtedness evidenced by the Notes then owed by it together with an equivalent proportion of its obligation to make Loans hereunder and the credit risk incidental to the Letters of Credit pursuant to an Assignment Agreement substantially in the form of Exhibit J attached hereto, executed by the assignor, the assignee and the Borrower, which agreements shall specify in each instance the portion of the indebtedness evidenced by the Notes which is to be assigned to each such assignor and the portion of the Commitments of the assignor and the credit risk incidental to the Letters of Credit (which portions shall be equivalent) to be assumed by it (the "Assignment Agreements"), provided that the Borrower may in its sole discretion withhold its consent to any assignment by a Bank to any assignee which has total capital and surplus of less than $200,000,000.00 or to any assignment by a Bank of less than all of its Commitments if as a result thereof the assignor will have Commitments hereunder of less than one half of its assigned Commitments or the assignee will have Commitments hereunder of less than $3,500,000.00 or, after giving effect thereto, there would be more than 10 Banks, further provided that nothing herein contained shall restrict, or be deemed to require any consent as a condition to, or require payment of any fee in connection with, any sale, discount or pledge by any Bank of any Note or other obligation hereunder to a Federal reserve bank. Upon the execution of each Assignment Agreement by the assignor, the assignee and the Borrower and consent thereto by the Agent (i) such assignee shall thereupon become a "Bank" for all purposes of this Agreement with a Commitment in the amount set forth in such Assignment Agreement and with all the rights, powers and obligations afforded a Bank hereunder, (ii) the assignor shall have no further liability for funding the portion of its Commitments assumed by such other Bank and (iii) the address for notices to such Bank shall be as specified in the Assignment Agreement, and the Borrower shall execute and deliver Notes to the assignee Bank in the amount of its Commitments and new Notes to the assignor Bank in the amount of its Commitments after giving effect to the reduction occasioned by such assignment, all such Notes to constitute "Notes" for all purposes of this Agreement, and there shall be paid to the Agent, as a condition to such assignment, an administration fee of $2,500 plus any out-of-pocket costs and expenses incurred by it in effecting such assignment, such fee to be paid by the assignor or the assignee as they may mutually agree, but under no circumstances shall any portion of such fee be payable by or charged to the Borrower.

  • Letter Agreements The Company shall not take any action or omit to take any action which would cause a breach of any of the Letter Agreements executed between each Company Affiliate and the Representative and will not allow any amendments to, or waivers of, such Letter Agreements without the prior written consent of the Representative, which consent shall not be unreasonably withheld, delayed or denied.

  • Purchase Agreements On the date of this Agreement, the Company and the Sponsor have executed and delivered to the Underwriters a Private Placement Units Purchase Agreement, the form of which is annexed as an exhibit to the Registration Statement (the “Sponsor Purchase Agreement”), pursuant to which the Sponsor will, among other things, on the Closing Date, consummate the purchase of and deliver the purchase price for the Private Placement Units to be sold to the Sponsor as described in Section 1.4.2, and as provided for in such Sponsor Purchase Agreement. The Company and the Representative shall have executed and delivered a Private Placement Units Purchase Agreement, the form of which is annexed as an exhibit to the Registration Statement (the “Representative Purchase Agreement” and together with the Sponsor Purchase Agreement, the “Purchase Agreements”), pursuant to which the Representative will, among other things, on the Closing Date and Option Closing Date, if any, consummate the purchase of and deliver the purchase price for the Private Placement Units to be sold to the Representative as described in Section 1.4.2 and as provided for in such Representative Purchase Agreement. Pursuant to the Purchase Agreements, (i) each of the Sponsor and the Representative have waived any and all rights and claims they may have to any proceeds, and any interest thereon, held in the Trust Account in respect of the Private Placement Units, and (ii) certain of the proceeds from the sale of the Private Placement Units and certain of the proceeds from the sale of the Option Private Placement Units, if any, will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement on the Closing Date and Option Closing Date (if any) as provided for in the Purchase Agreements.

  • Execution of Supplemental Agreements In executing, or accepting the additional agencies created by, any supplemental agreement permitted by this Article or the modifications thereby of the agencies created by this Agreement, the Agent shall be entitled to receive and (subject to Section 7.1) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental agreement is authorized or permitted by this Agreement. The Agent may, but shall not be obligated to, enter into any such supplemental agreement which affects the Agent's own rights, duties or immunities under this Agreement or otherwise.