Examples of First Purchase Agreement in a sentence
First Guaranty concedes its breach of contract claims based upon the First Purchase Agreement and the Sherman-Grayson lease.
About two months before Republic and First Guaranty executed the First Purchase Agreement, Alecto Healthcare Services Sherman, LLC dba WNJ Regional Medical Center (WNJ) released a press release announcing that it had completed the acquisition of Sherman-Grayson Hospital.
Pursuant to the First Purchase Agreement, the Group’s membership interest in Dormeo is initially set at 36.5%, but will be automatically reduced to 25% at 31 December 2017 if certain performance warranties given by the investee and its parent company are met (“Possible Reduction”).
Absent any evidence that Republic knew of the acquisition before it signed the First Purchase Agreement and withheld that information, First Guaranty cannot prevail on its claim for material misrepresentation regarding the Sherman-Grayson acquisition.
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