Mestek definition
Examples of Mestek in a sentence
Parent agrees that it will cause the account balance, if any, of each Company Employee (as defined in Section 5.18) under the Mestek, Inc.
At or prior to Closing, Mestek will cause all mortgages, liens, pledges, and security interests on the assets of the Company, other than those with respect to operating leases, to be released and all of the Company's Debt to be satisfied.
Section 8.10 of the SPA is hereby amended to eliminate the requirement that Alpha cause NNE to sell any products to Mestek at a discount or to pay Mestek any money for Mestek's failure to purchase any products from NNE at a discount in any period after the first 18 months following Closing.
Until consummation of the Closing, Mestek and the Buyer will not and will not permit the Company to make any disclosure of the Purchase Price or other terms of the Contemplated Transactions to any Person, except with the prior written consent of the other Parties or as required by Legal Requirements.
Until consummation of the Closing, any public announcement or similar publicity with respect to this Agreement or the Contemplated Transactions will be issued, (i) in the form attached hereto as Schedule 8.3, if any, or (ii) at such time and in such manner as Mestek and the Buyer otherwise mutually determine.
In addition, Reed agrees that in any future actio▇▇ ▇o pursue remedies regarding any CareCentric obligations to him, that he will give Mestek prior written notice and seek to coordinate his actions with Mestek.
The Initial Payment shall be held by the Escrow Agent until such time as the Escrow Agent is required under the terms of the Escrow Agreement to pay such deposit to Mestek or the Buyer, as the case may be.
The execution and delivery of this Agreement and the consummation of the transaction contemplated have been duly authorized by Mestek.
Any additional fees required by the lender for this extension shall be paid 70% by Mestek and 30% by Buyer.
Mestek desires to sell, and the Buyer desires to purchase, the issued and outstanding stock of the Company owned by Mestek as of the date hereof plus those acquired at or prior to Closing (collectively, the "Shares") on the terms set forth in this Agreement.