Inmark definition
Examples of Inmark in a sentence
Each of Seller, the Shareholders, Purchaser and Inmark hereby irrevocably appoints the Escrow Agent as its attorney-in-fact, with full power and authority to execute and deliver in such party's name, any and all documentation reasonably necessary to transfer shares of Escrow Stock of record.
The execution, delivery and performance of this Agreement by Purchaser and Inmark do not and will not require any consent, approval, authorization or other order of, action by, filing with, or notification to, any Governmental Authority except for the filing of a Current Report on Form 8-K with the Securities and Exchange Commission.
Such limitation on liability shall not be affected by nor shall anything herein contained be deemed to be a limitation of the amount of credit which may be extended by Inmark to Borrower, or the number of transactions between Inmark and Borrower, or the nature or amount of the obligations which may be incurred by Borrower to Inmark.
The Escrow Agent shall give written notice of any such deposit to Seller, Purchaser and Inmark.
The Escrow Agent shall present for redemption any obligation so purchased or sell any such obligation, in every case upon the written direction of Purchaser and Inmark or as may be necessary in order to fulfill the provisions of this Agreement.
The Escrow Agent shall, on the written request of Purchaser, Inmark, Seller or the Successor Escrow Agent, deliver the Escrow Fund to the Successor Escrow Agent and shall execute and deliver to the Successor Escrow Agent any instrument reasonably satisfactory to Escrow Agent transferring the rights of the Escrow Agent hereunder to the Successor Escrow Agent.
Within 20 days after delivery of certificates representing such shares of Escrow Stock to Seller's former employees, the Escrow Agent shall send to each of Purchaser and Inmark a copy of the No-Action Letter and shall send to each of Purchaser, Inmark and Seller a notice specifying the parties to whom the certificates were delivered and the number of shares of Escrow Stock transferred to each such party.
The parties acknowledge and agree that the term "Loan Documents" includes any Documents relating to any derivative, swap or other similar transactions entered into by any member of the Inmark Group in relation to or in connection with the other Loan Documents, and correspondingly, the term "Obligations" as used in the Loan Documents, includes all the liabilities and obligations under such Documents relating to such derivative, swap or other similar transactions.
If no Successor Escrow Agent shall have been appointed within 20 days of a notice of resignation by the Escrow Agent, the Escrow Agent's sole responsibility shall thereafter be to hold the Escrow Fund until the earlier of receipt of designation of the Successor Escrow Agent, a joint written instruction by Purchaser, Inmark and Seller and termination of this Agreement in accordance with its terms.
No investment of cash held in the Escrow Fund shall have a maturity date of greater than thirty days without the prior written consent of Seller, Purchaser and Inmark.