API Purchase Transaction definition

API Purchase Transaction means the purchase by BG Staffing of certain of the assets of and the assumption by BG Staffing of certain liabilities of API, pursuant to the terms of the API Purchase Agreement.
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Examples of API Purchase Transaction in a sentence

  • Accordingly, Lender is only willing to consent to the API Purchase Transaction on the condition that Borrowers agree that no API Earn Out Payment shall be paid if, when such payment is due, an Event of Default then exists or would occur as a result of the payment thereof, except if such payment is funded by capital contributions from Obligor and/or arranged by Obligor to be contributed by other persons and entities.

  • Subject to the terms and conditions hereof, Lender hereby consents to the API Purchase Transaction.

  • In connection with the API Purchase Transaction, BG Staffing will enter into the API Purchase Agreement and become obligated to pay the API Earn Out Payments, on and subject to the terms and conditions of the API Purchase Agreement.

  • Accordingly, Lenders prior consent to the API Purchase Transaction was subject to the condition that Borrowers agree that no API Earn Out Payment shall be paid if, when such payment is due, an Event of Default then exists or would occur as a result of the payment thereof, except if such payment is funded by capital contributions from Obligor and/or arranged by Obligor to be contributed by other persons and entities.

  • In connection with the API Purchase Transaction, BG Staffing entered into the API Purchase Agreement and became obligated to pay the API Earn Out Payments, on and subject to the terms and conditions of the API Purchase Agreement.