FCNH definition
Examples of FCNH in a sentence
The parties hereto --------------------------------------- acknowledge and agree that the Shares (including the SEI Common Stock, the FCNH Common Stock and the Successor Entity Equity Securities) are unique, and that the parties will have no adequate remedy at law should any party hereto breach the provisions of Sections 2 through 8 hereof.
Upon the effectiveness of the Reorganization as contemplated hereby, Fox Kids will acquire good and valid title to the FCNH Common Stock, free and clear of all liens, encumbrances, equities, security interests, claims and other restrictions of any nature whatsoever.
SEI shall have the right and power, without approval of the Members Committee, to cause the Company, SEI or any of its Subsidiaries to pursue any claim or litigation against FBC or FCNH or any of their respective Affiliates for breach of any contract between such Person and the Company or any of the Operating Entities.
Subject to Section 5, below, Employee's employment hereunder shall commence as of the Closing Date, as defined in that certain Asset Purchase Agreement, dated August 3, 1999 (the "Asset Agreement"), among SLL, FCNH, Inc., Florida College of Natural Health, Inc., The Natural Health Shoppe, Inc., Employee, Eliz▇▇▇▇▇ ▇.
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Title: Chief Operating Officer and Chief Financial Officer FCNH, INC.
If the Advances were paid pursuant to the mutual agreement of FCNH and Saban, then FBC shall loan FCN an amount equal to the aggregate of such Advances, which such loan shall (x) be evidenced by a promissory note containing terms and conditions customary in commercial transactions, (y) bear interest at the rate historically charged FCN for advances by FBC, and (z) shall be repaid on the same terms and at the same times as the Advances are recouped by FCN from the Station Affiliates.
Upon the occurrence of a Terminating Event, the applicable party (FCNH in the case of a Terminating Event with respect to FCNH and Saban with respect to a Terminating Event with respect to SEI) shall lose all rights to appoint Committee Members to the Members Committee of the Company and all other approval rights provided for in this Agreement.
The Company shall not admit any Members other than SEI, FCNH and Fox Kids.
FCNH shall have the right and power, without approval of the Members Committee, to cause the Company, FCNH or FBC or any of their respective Subsidiaries, to pursue any claim or litigation against SEI or any of its Affiliates for breach of any contract between such Person and the Company or any of the Operating Entities.
Each of SEI and FCNH covenants and agrees that it shall refuse to recognize any transfer of any Shares effected otherwise than in strict compliance with the provisions of this Agreement.