PPHL definition

PPHL has the meaning set forth in the Preamble.
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Examples of PPHL in a sentence

  • The execution, delivery and performance of this Agreement and the Ancillary Agreements by PPHL and Buyer have been duly and validly authorized by all necessary corporate action.

  • Regardless of whether or not a Closing actually occurs, PPHL and Buyer hereby provide, as of the date hereof, to Seller and Elscint Ltd.

  • PPHL Purchaser shall have 10 days from the date PPHL receives the Transfer Notice to notify Seller in writing of its intention to purchase all of the Offered Shares on the same terms and conditions as those offered by the Offeror and the identity of the PPHL Purchaser.

  • The Call Option may be exercised by PPHL (or its assignee) at any time by delivery of a written notice to the Seller (the “Exercise Notice”).

  • Each of the Parties hereby acknowledge that PPHL and Elbit Imaging are publicly traded companies and are therefore subject to reporting liabilities under securities laws and regulations.

  • PPHL and Buyer, severally and not jointly, will indemnify and hold Seller and any of its Affiliates harmless from and against any claim or liability resulting from any party claiming any such commission or fee contrary to the foregoing statement.

  • Subject to the terms and conditions hereof, no later than January 7, 2011, PPHL shall cause all the Beneficiary Indemnitees to cancel, terminate and nullify Elbit’s Indemnification in connection with the Southern Indemnification and shall deliver to Seller the release letter set forth on Schedule ‎3.4A (“Southern Indemnification Release Letter”) hereof.

  • All other documents reasonably requested by Buyer and/or PPHL in order to consummate the Transaction as contemplated hereby.

  • PPHL shall take all actions necessary in order to ensure Elbit Imaging’s full release and discharge under the Elbit Guarantees, and shall pay instead of Elbit Imaging, indemnify and hold Elbit Imaging harmless from and against, any demand from or payment to Aareal Bank under or in connection with the Elbit Guarantees following the Closing Date.

  • In the event that a third party (“Offeror”), other than an Affiliate of Seller, offers to purchase or acquire the PPHL Shares or any portion thereof (the “Offered Shares”), PPHL (or its assignee, each of PPHL and the assignee, shall be referred to in this Section as the “PPHL Purchaser”) shall have a right of first refusal to purchase the Offered Shares, but not less than all of them, at the same price and terms as offered by the Offeror (“Right of First Refusal”).