Note Termination Agreement definition
Examples of Note Termination Agreement in a sentence
The Company and Jimirro shall have duly executed and delivered the Note Termination Agreement.
The parties hereby agree that, any amount payable by the Purchasers to the Company will be satisfied upon the proper execution of the Promissory Note Termination Agreement and the full release of the Company from any further liability or obligation under the Notes.
Concurrently with the execution of this Termination Agreement, Inuvo and CPT Investments, are entering into that certain Inuvo Note Termination Agreement of even date herewith (the “Inuvo Note Termination Agreement”).
Further, the Buyer and Seller acknowledge that the Notes are in default, and the Noteholders have the right, as secured creditors to foreclose upon the assets of Seller and sell such assets and that in lieu of such foreclosure, have agreed to enter into the Note Termination Agreement.
This Termination Agreement and the accompanying Inuvo Note Termination Agreement contain the entire agreement between the Parties and supersedes any and all prior agreements, arrangements, negotiations, discussions or understandings between the Parties relating to the subject matter hereof.
The Company and Jimirro shall have ent▇▇▇▇ ▇nto the agreement (the "Note Termination Agreement") substantially in the form attached to the Jimirro Employment Agreement as Exhibit A thereto.
JIMIRRO ---------------------------- EXHIBIT A NOTE TERMINATION AGREEMENT This NOTE TERMINATION AGREEMENT, dated as of May 17, 2002 (the "Note Termination Agreement"), is entered into by and between J2 COMMUNICATIONS, a California corporation (the "Company"), and JAMES P.
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, Acting President By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Title: CEO This RHI-ASTV Note Termination Agreement (this “Agreement”), dated as of the date first set forth above (the “Effective Date”), is entered into by and between Ronco Holdings, Inc., a Delaware corporation, (“RHI”) and As Seen on TV, Inc., (“ASTV”).
Without limiting the generality of the foregoing, ▇▇▇▇▇ shall file a federal income Tax Return for the period ending December 31, 2001 on or before the due date therefor, which shall include a completed Form 982 (Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment)) setting forth the information called for therein with respect to the forgiveness of indebtedness accomplished pursuant to the Note Termination Agreement.
Concurrently with the execution of this Agreement, Executive shall execute and deliver to the Company the Note Termination Agreement attached as EXHIBIT A and shall return the Contingent Note to the Company marked "cancelled," dated as of event date herewith and executed by Executive.