NT Merger definition
Examples of NT Merger in a sentence
At or prior to the Closing, RESI, RTI Opco, Nimishillen & Tuscarawas Railway Company and N&T, LLC will enter into the N&T Merger Agreement.
Notwithstanding this Section 3 or any other provision of this Amendment, the Credit Agreement or any other Loan Document to the contrary, the provisions of this Section 3, as they apply to the Credit Agreement and any other Loan Document, shall be deemed to have become effective immediately prior to the consummation of the NT Merger Transactions.
At the Closing and in accordance with the N&T Merger Agreement, following completion of the transaction described in Section 3.3, RESI will cause Nimishillen & Tuscarawas Railway Company to be merged with and into N&T, LLC, with N&T, LLC surviving and the outstanding shares of Nimishillen & Tuscarawas Railway Company being converted into membership interests in RTI Opco.
Effective as of the Amendment No. 2 Effective Date, the Lender Parties irrevocably agree and consent to the consummation of each and every one of the NT Merger Transactions, notwithstanding that the consummation of any NT Merger Transaction by the Parent may, in the absence of this Section 3, be deemed to violate or breach, or conflict with, or constitute a Default or an Event of Default under, the Credit Agreement or any other Loan Document.