MM Agreement definition
Examples of MM Agreement in a sentence
Pursuant to the MM Agreement, the MM Warrant Holders have agreed that, upon request of Acquisition Company and satisfaction of the conditions set forth in the MM Agreement, the MM Warrant Holders shall sell to Acquisition Company or the Company the MM Warrants for an aggregate purchase price equal to $6,416,693.
Buyer desires to buy and Seller desires to sell, certain of the assets used primarily in the Business, all of the customers in the Business, and the goodwill related to the Business on the terms and conditions contained in this Agreement.
In the event the M&M Agreement is terminated for any reason, NJRES's obligation to release capacity to eCORP pursuant to this Agreement shall also terminate.
In connection with the Merger Agreement, the Company, PlayCore Wisconsin and Acquisition Company executed the MM Agreement with the MM Warrant Holders.
The MM Agreement contains various representations and warranties of the parties thereto, including representations by each MM Warrant Holder as to the MM Warrant Holder's ownership of the MM Warrants, authority relative to the MM Agreement and the absence of any conflicts.
Pursuant to the MM Agreement, the MM Warrant Holders and PlayCore Wisconsin have agreed that, upon satisfaction of the conditions set forth in the MM Agreement, PlayCore Wisconsin shall redeem the MM Notes held by the MM Warrant Holders for an amount equal to (i) the principal amount of such notes plus all accrued but unpaid interest thereon and (ii) a pre-payment fee of $500,000 (as determined in accordance with the terms of the Securities Purchase Agreements).