POTN definition
Examples of POTN in a sentence
In consideration of FSB's release of POTN from any and all claims (except those claims arising under the Equipment Lease and this Agreement), including any claims under the POTN Guaranty and the Print America Guaranty, POTN shall issue to FSB certain warrants more particularly described in the Warrant Agreement.
POTN further acknowledges and agrees that it will not attempt to enjoin or otherwise contest the exercise by FSB of its right to dispose of the Pledged Stock to satisfy the Obligations and POTN specifically waives any right to contest FSB's exercise of its rights to dispose of the Pledged Stock.
BR and SR hereby irrevocably instruct POTN to pay $500,000 of such proceeds directly to FSB for application to the Indebtedness, with the balance of such proceeds to be paid directly to Merrill Lynch.
Any shares sold or transferred by BR, SR and the Rogatinskys to POTN pursuant to the terms of this Section 2.1(b) shall be sold or transferred subject to the first priority lien created by the Stock Pledge Agreement.
Any and all financial reports furnished by the Obligors and POTN to FSB pursuant to this Agreement shall be prepared in such form and such detail as shall be reasonably satisfactory to FSB, and shall be prepared on the same basis as those prepared by them in prior years.
Notwithstanding anything to the contrary herein, to the extent POTN has made certain representations and warranties as set forth above, it makes no such representations and warranties with regard to the status, condition, actions or information supplied by any Obligor.
BR and SR agree to cooperate with POTN in the filing of any Registration Statement required under Section 2.2(d) below.
POTN is a United Kingdom corporation Plays on the net was created as a comprehensive online guide to theatre, and to fill a significant niche in the download market for plays and spoken word entertainment.
It is expressly acknowledged that FSB may not have an adequate remedy at law for a breach by any Obligor or POTN of this covenant and the parties agree that FSB shall be entitled to injunctive relief in the event of any such breach.
Nothing herein stated shall be construed as prohibiting Company or POTN or any third party from pursuing any other remedies available to it for such breach or threatened breach, including the recovery of damages.