Binding Letter Agreement definition
Examples of Binding Letter Agreement in a sentence
Notwithstanding any provision to the contrary contained herein, the Stock Option shall not be exercisable unless and until the occurrence of the closing of the transactions contemplated by that certain Binding Letter Agreement, dated the date hereof, among Minorplanet Systems USA, Inc., Minorplanet Systems PLC, and Minorplanet Limited.
The Investor and the Company hereby confirm the termination of that certain Facility Loan Agreement, dated August 2, 2004, by and between the Investor and the Company, in accordance with the provisions of Section 1 of the Binding Letter Agreement.
All prior written agreements executed by MTP-South Tower and Aetna, as same may be supplemented and modified by this Agreement, shall remain in effect; provided, however, that this Agreement replaces that term sheet captioned "Binding Letter Agreement" executed by Aetna and MTP-South Tower on December 29, 1995.
The Company shall use reasonable best efforts to take all such actions as are reasonably necessary to negotiate, execute and deliver the Primrose Agreement, on the terms and conditions set forth in the Binding Letter Agreement, with the other parties thereto; provided the Company shall not amend the Binding Letter Agreement without Acquiror’s written consent (not to be unreasonably withheld, conditioned or delayed).
As noted above, this Binding Letter Agreement is binding, and the Parties anticipate that they will negotiate and execute the [**] Definitive Agreement within ninety (90) days after signing this Binding Term Sheet.
This Binding Letter Agreement shall be governed by, and construed in accordance with the law of the State of New York without regard to any choice of law principle that would dictate the application of the law of another jurisdiction.
Aetna has agreed to make certain modifications to the loan pursuant to the terms of its "Binding Letter Agreement" to Borrower dated December 15, 1993 (the "BLA") one of the conditions of which is that Borrower execute this Release and Waiver of Claims.
The Parties hereby agree that the purchase consideration for the transaction of purchase and sale contemplated in subsection 2.1 shall be, and shall be satisfied by the issuance of 1.2 new restricted common shares of LVCA for each Kilimangaro share, as established by the ratio set out in the Share Exchange Schedule that formed Schedule A of the Binding Letter Agreement of June 1, 2009 attached to this agreement as Schedule A.
Either (i) the Company shall have executed and delivered a definitive agreement (the "Definitive Agreement") incorporating the terms of the Binding Letter Agreement dated June 11, 1997 between the Company and Investor (the "Letter Agreement") in the form attached hereto as Exhibit A or if the Definitive Agreement has not been so executed and delivered, the Company and Investor shall continue to be negotiating the Definitive Agreement in good faith.
This Agreement, together with the Confidentiality Agreement, the B2Gold Purchase and Sale Agreement, the Joint Venture Agreement and the Russian Properties Agreement contains the entire agreement between the Parties hereto with respect to the subject matter hereof and thereof and supersedes all prior agreements and understandings with respect thereto including the Binding Letter Agreement.