Valuation of Non-Cash Consideration. Any valuation of non-cash consideration paid to Company as a result of the Enforcement Activities or a Sale Transaction shall be made in Company’s reasonable discretion in accordance with generally accepted accounting principles related to the valuation of non-cash consideration or non-marketable securities. Company shall have the right (in its sole and absolute discretion) to distribute to Solid an equivalent amount of cash in lieu of any non-cash consideration. SECTION 3 NO PARTNERSHIP, JOINT VENTURE, AGENCY OR GRANT OF MANAGEMENT OR EQUITY INTERESTS INTENDED; TAX ISSUES; AUTHORITY
Appears in 2 contracts
Samples: Proceeds Interest Agreement (Solid Solar Energy, Inc.), Proceeds Interest Agreement (Finishing Touches Home Goods Inc.)
Valuation of Non-Cash Consideration. Any valuation of non-cash consideration paid to Company as a result of the Enforcement Activities or a Sale Transaction shall be made in Company’s reasonable discretion in accordance with generally accepted accounting principles related to the valuation of non-cash consideration or non-marketable securities. Company shall have the right (in its sole and absolute discretion) to distribute to Solid Gxxxxxx an equivalent amount of cash in lieu of any non-cash consideration. SECTION 3 NO PARTNERSHIP, JOINT VENTURE, AGENCY OR GRANT OF MANAGEMENT OR EQUITY INTERESTS INTENDED; TAX ISSUES; AUTHORITY
Appears in 1 contract
Samples: Proceeds Interest Agreement (Finishing Touches Home Goods Inc.)
Valuation of Non-Cash Consideration. Any valuation of non-cash consideration paid to Company as a result of the Enforcement Activities or a Sale Transaction shall be made in Company’s reasonable discretion in accordance with generally accepted accounting principles related to the valuation of non-cash consideration or non-marketable securities. Company shall have the right (in its sole and absolute discretion) to distribute to Solid Energy Telecom an equivalent amount of cash in lieu of any non-cash consideration. SECTION 3 NO PARTNERSHIP, JOINT VENTURE, AGENCY OR GRANT OF MANAGEMENT OR EQUITY INTERESTS INTENDED; TAX ISSUES; AUTHORITY
Appears in 1 contract
Samples: Securities Purchase Agreement (Energy Telecom, Inc.)
