Examples of EXXI Parent in a sentence
The EXXI Parent Financials present fairly, in all material respects, the financial condition and operating results of EXXI Parent as of the dates and during the periods indicated therein.
If the Company pays any cash dividend or similar cash distribution on the Company Common Stock between the Grant Date and the Settlement Date, the Company shall credit to the Participant’s account an amount equal to the product of (x) the number of the Participant’s Restricted Stock Units as of the record date for such distribution times (y) the per share amount of such dividend or similar cash distribution on Company Common Stock.
There are no bankruptcy proceedings pending, being contemplated by or, to Seller’s Knowledge, threatened against Seller or EXXI Parent.
Schedule 7.23 sets forth: (a) the audited balance sheet of EXXI Parent as of June 30, 2014, and the related statement of income of EXXI Parent for the twelve (12) month period ended June 30, 2014; and (b) the unaudited balance sheet of EXXI Parent as of March 31, 2015 (the “Balance Sheet Date”), and the related unaudited statement of income of EXXI Parent for the three (3) month period then ended (all such financial statements, the “EXXI Parent Financials”).
Each of Seller and EXXI Parent is Solvent, and immediately after the Closing each of Seller and EXXI Parent will be Solvent.
For purposes of this Section 14.7 only, EXXI Parent and CorEnergy shall be deemed to be Parties to this Agreement.
During the Interim Period, Seller shall maintain liability and property insurance generally similar to that under the Insurance Policies in effect on the Effective Date and in accordance with the corporate practices of EXXI Parent and its Affiliates and will maintain worker’s compensation insurance in substantial compliance with applicable law.
Contemporaneous with execution of this Agreement by the Parties, (a) Seller shall cause EXXI Parent to execute and deliver to Buyer the Seller PSA Guaranty, and (b) Buyer shall cause CorEnergy to execute and deliver to Seller the Buyer PSA Guaranty.