Examples of Derby International in a sentence
The Sellers and the Company agree to take, prior to the Closing, the steps necessary to effect the transactions specified in a memorandum to be agreed to by representatives of the Buyer and the Sellers outlining the transactions necessary or desirable to effect the reorganization and recapitalization of the Derby International Group (the "Transaction Outline").
The unaudited consolidated management accounts of Derby International as of September 28, 1997 (copies of which are attached hereto as Exhibit 6.3 and made a part hereof) have been prepared (without notes or schedules) in accordance with GAAP applicable to interim financial statements in the United Kingdom, subject to any changes resulting from normal year-end audit adjustments.
At the Closing, the ------------------------------------------ Sellers shall retain all responsibility for payment of the Stock Appreciation Fund as defined in subclause 1(g) of Appendix B to the Amended & Restated Employment Agreement dated August 29, 1997 by and between Derby International and Xxxxxxx X.
Raleigh Industries of Canada Limited ("RIC") shall ----------------- have issued the Senior RIC Shares (as defined in the Exchange Agreement) to Derby International, free and clear of any and all Liens.
Xxxxx, severally and not jointly, in proportion to their respective direct and indirect ownership interests in Derby International as of the Closing Date, shall contribute to DFS for use solely to satisfy DFS's indemnification obligation, an aggregate amount equal to the difference between the Minimum Balance and the actual amount of cash and cash equivalents (including the Escrow Amount) then on hand at DFS.
Any Shares issued to Derby International pursuant to the Exchange Agreements shall be deemed to have been issued as of May 14, 1998.