FPS Real Estate definition
Examples of FPS Real Estate in a sentence
Except for this Agreement and in the Freedom Powersports Option Plan or the FPS Real Estate Option Plan, as applicable, such Optionholder has not been granted any option, warrant, call, commitment or right, and is not a party to any Contract that requires or, upon the passage of time or the payment of money, would require the Optionholder to transfer or cause to be transferred any of the Options or the Equity Interests underlying the Options.
Subject to Section 3.2 below, the “Purchase Price” shall consist of the total of (i) the Freedom Powersports Purchase Price and (ii) the FPS Real Estate Purchase Price.
The Sellers shall pay or cause to be paid all Taxes due with respect to the periods covered by such Pre-Closing Tax Returns, except to the extent taken into account in the determination of the Freedom Closing NWC or the FPS Real Estate Closing NWC.
If the objections are resolved within the Resolution Period, the Post-Closing Adjustment and the Freedom Post-Closing Adjustment Statement or the FPS Real Estate Post-Closing Adjustment Statement, as applicable, with such changes as may have been previously agreed in writing by the Purchaser and the Sellers’ Representative, shall be final, conclusive and binding.
To the extent necessary to comply with applicable Law, Sellers’ Representative shall direct distribution of the Pro Rata Share of amounts released from the Cash Escrow Fund payable in respect of Optionholders to Freedom Powersports or FPS Real Estate, as applicable, to be distributed in an ordinary or special payroll.
To the extent necessary to comply with applicable Law, Sellers’ Representative shall direct distribution of the Pro Rata Share of cash payments payable in respect of Optionholders under this Section 3.2(b) to Freedom Powersports or FPS Real Estate, as applicable, to be distributed in an ordinary or special payroll.