Each Lender hereby designates PPVA to act as Agent for such Lender under this Agreement and the Other Documents.
Subject to the terms and conditions of this Agreement, including Section 3, PPVA (Equity) hereby agrees to make the Capital Contributions to the Company on the date hereof and the Company hereby agrees to accept from PPVA (Equity) the Capital Contribution.
Notwithstanding the provisions of this Section 7.07.01(g), but subject to Section 7.07.03, this provision shall not restrict the right of Buyer to now or hereafter grant PPVA Black Elk (Cayman), Ltd.
Such balance of approximately $1.9 million was due upon closing of the Asset Sale but withheld by the Company and not paid to anyone as it is subject to competing claims of ownership by both Dr. Michael Goldberg, the Company's President and Chief Executive Officer, and PPVA.
Bradford If to PPVA (Equity): c/o Platinum Partners Value Arbitrage Fund, LP Carnegie Hall Tower 152 West 57th Street, 4th Floor New York, New York 10019 Telephone: (212) 582-2222 Facsimile: (212) 582-2424 Attn: David Levy With a copy to: Blank Rome LLP The Chrysler Building 405 Lexington Avenue New York, New York 10174-0208 Telephone: (212) 885-5431 Facsimile: (917) 332-3065 Attn: Eliezer M.