Com Tech definition
Examples of Com Tech in a sentence
The following shall be "events of default" under this Agreement: (a) the termination of the Acquisition Agreement dated April 15, 1997 by and among Com Tech, its shareholders and Circle International Communications, Inc.
No later than one hundred and fifty (150) days prior to Commercialization, Customer shall submit on a monthly basis to Encap a good faith estimated twelve (12) month rolling forecast of the quantity of Product Customer expects to order for delivery commencing with the month following the month in which such forecast is provided as well as the desired delivery date (“Forecast’’).
WorldPort agrees to notify MBCP in writing within three business days of receipt of any repayment of principal amount, any interest payments, reimbursement of legal expenses, shares of stock or other non-cash settlements, or any other consideration (in all the "Com Tech Repayment") received by WorldPort pursuant to the ComTech Loan, which notice shall include the amount and date of receipt of the Com Tech Repayment.
Com Tech shall have ten business days from the date a payment is due, or from the date of receipt of written Notice of Default from WorldPort for any other breach, in which to cure such default(s).
Additionally, Com Tech assigns certain assets, described in Exhibit F, to WorldPort in order to secure payment of the amounts specified in paragraph 2, below.
Com Tech International Corporation, a Washington corporation, defendant, Case No. C96-4055SBA (the "Lawsuit"), in which WorldPort is asserting various claims against Com Tech.
If an event of default occurs and is not cured by Com Tech within ten business days from the date a payment is due or from Com Tech's receipt of a Notice of Default, WorldPort may reactivate the Lawsuit according to the Stipulation and Joint Motion for Conditional Dismissal and present the Stipulation for Entry of Judgment to the court for entry of judgment.
Com Tech also agrees to make six payments to WorldPort, on or before the 10th day of each month, beginning June 10, 1997 through November 1997.
WorldPort and Com Tech have now determined to compromise and settle any and all claims that have been or could have been asserted in the Lawsuit.
Com Tech agrees to pay WorldPort all amounts due under the Note as follows: (a) on or before April 14, 1997, Com Tech shall pay WorldPort the sum of $27,805.56, which represents accrued interest through December 31, 1996; and (b) on or before May 1, 1997, Com Tech shall pay WorldPort the sum of $171,666.67, which represents $150,000 of principal and $21,667.67 accrued interest through such date.