LPIL definition
Examples of LPIL in a sentence
At the Closing (as hereinafter defined), the Company will pay to London Pacific International Limited ("LPIL") $500,000 as LPIL's fee arranging for the financing provided for herein (the "FEE").
In addition, LPIL and the Investors shall not be obligated to purchase the Senior Subordinated Notes if LPIL and the Investors believe in their good faith discretion that there exists a substantial possibility that the Merger will not occur before May 31, 1996.
Berkeley and LPIL shall not in their good faith discretion believe that there exists a substantial possibility that the Merger will not occur before May 31, 1996.
Borrower has paid, or shall pay at closing, an international arrangement and consulting retainer fee to LPIL in the amount of One Million Three Hundred Fifty Thousand Dollars ($1,350,000).
As of the date hereof, Borrower is not under any obligation to withhold any portion of any interest payment to BG Services so long as Genstar and its affiliates do not have an equity interest in BG Services, LPIL or any of their Affiliates.
The obligation of LPIL under this letter shall not be effective until (i) Genstar Capital Partners II, L.P. shall have executed this letter in the space provided below and (ii) Genstar shall have provided to Berkeley or LPIL a copy of a fully executed commitment letter from one or more financial institutions committing to provide the Senior Debt on terms and conditions satisfactory to Berkeley and the Investors.