Examples of Definitive Agreement in a sentence
Under the terms of the Definitive Agreement, Greenfields agreed to issue 11,500,000 common shares of the Company to Heaney in full satisfaction of all amounts outstanding under the loan agreement with Heaney, including principal in the amount of $20,834,705 and accrued interest.
This MOU is intended to set forth the basic terms under which the Parties are prepared to proceed with the Project and determine whether the Parties wish to negotiate a Definitive Agreement if a positive decision to proceed with the Project is made.
The success fee is comprised of a cash payment of $1,000,000 and the issuance of 500,000 Common Shares to the agent upon the successful closing of the transactions contemplated by the Definitive Agreement.
On April 12, 2016 the Company entered into a definitive agreement ("Definitive Agreement") with Heaney Assets Corporation (“Heaney”) to settle all amounts outstanding under the Subordinated Revolving Loan Agreement dated June 27, 2014, as amended, with an original maturity date of June 30, 2018.
In addition to the Common Shares to be issued to Heaney, Greenfields agreed to pay an agent a success fee for negotiating the terms of the Definitive Agreement.