Examples of PPT Agreement in a sentence
Xxxxxxxx shall grant to Rentrak and Mortco a security interest in all of its property and assets, as security for the timely payment and performance of the Xxxxxxxx Note, the VCI Note, the Xxxxxxxx Loan Agreement, the Xxxxxxxx PPT Agreement, the VCI/Subsidiaries PPT Agreement, and certain other obligations owing from Xxxxxxxx to Rentrak and Mortco, based on the terms and conditions set forth in the Subordinated Security Agreement attached hereto as Exhibit F (the "Xxxxxxxx Security Agreement").
The effect of said amendment is to cause such retail stores to be Retail Locations (as defined in the First Addendum) and subject to all of the terms contained in the PPT Agreement, First Addendum and Second Addendum.
The recitals to this Addendum ---------- ----------------------------- and the PPT Agreement are hereby incorporated into and made a legally binding part of the PPT Agreement and Addendum.
Except as amended above and subject to Section 9 below, all terms and conditions of the PPT Agreement are unchanged and shall remain in full force and effect.
Annualized Trend Revenue shall be defined as the actual total gross revenue of the Retailer for the previous calendar year, excluding sales tax, increased at the rate of 15% per year for each year remaining under the term of the PPT Agreement as modified by this Addendum.
Any capitalized term used herein that is not otherwise defined ----------- herein shall have the meaning set forth in the PPT Agreement.
This Agreement is executed in connection with and subject to Retailer's proposed acquisition (currently intended to be done by merger ) of Moovies, a publicly held Delaware corporation (the "Acquisition"), which corporation is party to a National Account Agreement with Rentrak dated March 8, 1995 as modified and supplemented by a First Addendum thereto of even date, a Second Addendum dated May 18, 1995 and an Amendment to First Addendum, dated June 16, 1995, (the "Prior PPT Agreement").
Subject to being extended as provided in Section ---------- ----------------- 2(a) of the PPT Agreement as amended by this Addendum, Retailer's purchase obligations pursuant to Section 5 of the PPT Agreement, shall continue for a period of 10 years commencing on December 16, 1994 and ending on December 17, 2004, after which time the PPT Agreement may be terminated by Rentrak as provided therein.
Unless otherwise modified herein, all terms and conditions contained in the PPT Agreement and First Addendum shall remain in full force and effect.
Unless otherwise modified herein, all terms and conditions contained in the PPT Agreement shall remain in full force and effect.