Acquisition Sellers definition
Examples of Acquisition Sellers in a sentence
Each Loan Party (i) acknowledges and consents to any Secured Party or any of its Affiliates providing any “Seller Bridge Financing” (as defined in the Commitment Letter) or any other loans or commitments to the Agreement Date Acquisition Sellers or any of their Affiliates and (ii) acknowledges and agrees that the providing thereof does not constitute a breach of the Loan Documents.
Each Loan Party agrees that no Secured Party or any of its Affiliates have any obligation to inform any Loan Party of any such “Seller Bridge Financing” or any other loans or commitments provided to the Agreement Date Acquisition Sellers or any of their Affiliates from time to time..
Two days prior to the closing of the Acquisition, Sellers will deliver to TrueYou a closing statement (“Closing Statement”) setting forth in detail a calculation of the Company’s Working Capital (as defined below) as of such date (the “Closing Working Capital”).
If Sellers waive any condition to their obligations to sell the Harv▇▇ ▇▇▇ertainment Assets under Section 6.3 and consummate the Acquisition, Sellers agree that they will not have any right to assert any claim for liability against Purchaser for its failure to satisfy such closing condition.
Because of these negotiations for an Acquisition, Sellers and the Company have delayed taking steps to seek potential replacement product lines or provide for a transition at the conclusion of the Distribution Agreement.
Pursuant to the Closing Date Purchase Documents, the Borrowers desire to purchase the Properties from the Closing Date Acquisition Sellers.
Both prior to and after the consummation of the Acquisition, Sellers were able to and shall be able to discharge their debts as they became due or become due, as the case may be.
Borrower, NPTRS and Acquisition Sellers are in compliance with and have performed all of their obligations under the Acquisition Documents.