Binding Agreements definition

Binding Agreements means agreements which (1) are binding on both Purchaser and the financing sources thereunder and (2) are subject only to conditions precedent which are customary for financing of such type (but which shall not include any condition relating to due diligence).

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Examples of Binding Agreements in a sentence

• The "profits" of Party B in such year should be equal to gross revenue of Party B in such year minus (the sales tax, sales expenses, management fees, financial expenses and other expenses resulting from the daily operation and other business operation of Party B, and such "profit" shall be the profit before paying for other service fees as specified by the Binding Agreements.

• The "profits" of Party B in such year should be equal to (gross revenue of Party B in such year) minus (the sales tax, sales expenses, management fees, financial expenses and other expenses resulting from the daily operation and outside daily operation of Party B), and such "profit" shall be the profit before paying for other service fees as specified by the Binding Agreements.

• Unless these Asbestos Claimants signing the Modif▇▇▇ ▇sbestos Personal Injury Claim Tolling and Binding Agreements have already been made a party to this proceeding, to the extent that any stipulation or settlement is offered to any party to the Omnibus Avoidance Action, the Debtors have also agreed to offer the same stipulation or settlement to the Asbestos Claimants signing Modified Asbestos Personal Injury Claim Tolling and Binding Agreements.

• Pursuant to these Asbestos Personal Injury Claim Tolling and Binding Agreements, these Asbestos Claimants have agreed to be bound by any order, decree, finding or judgment entered in the Omnibus Avoidance Action.

• Since the commencement of the Omnibus Avoidance Action, the Debtors have also entered into additional tolling agreements with 10 law firms representing Asbestos Claimants who signed tolling agreements with the Debtors prior to the filing of the first complaint in the Omnibus Avoidance Action and were not previously named as defendants ("Asbestos Personal Injury Claim Tolling and Binding Agreements").

• These Asbestos Personal Injury Claim Tolling and Binding Agreements also toll through December 31, 2006 the expiration of the time established by Bankruptcy Code ss.

• The "profits" of Party A in such year should be equal to gross revenue of Party A in such year minus the sales tax, sales expenses, management fees, financial expenses and other expenses resulting from the daily operation and other business operation of Party A, and such "profit" shall be the profit before paying for other service fees as specified by the Binding Agreements.

• These Modified Asbestos Personal Injury Claim Tolling and Binding Agreements also toll through December 31, 2006 the expiration of the time established by Bankruptcy Code ss.

• The Debtors anticipate filing a second amended complaint to, inter alia, add as defendants those Asbestos Claimants who have not yet signed Asbestos Personal Injury Claim Tolling and Binding Agreements or Modified Asbestos Personal Injury Claim Tolling and Binding Agreements, as these are described above.

• These Modified Asbestos Personal Injury Claim Tolling and Binding Agreements also toll through February 28, 2008 the expiration of the time established by Bankruptcy Code ss.