Required Purchase definition
Examples of Required Purchase in a sentence
PURCHASED INTERESTS IN BANKRUPTCY 7 Section 5.1. Required Purchase of Interests 7 Section 5.2. Effect of Purchase of Purchased Interests 7 Section 5.3. Subordinate Nature of Purchased Interests 7 Section 5.4. No Voting Rights 8 Section 5.5. Obligations Unconditional 8 ARTICLE VI.
Customer shall be notified about and approve of any Required Purchase in advance.
Corix may exercise the Required Purchase by delivering to UBC a written notice exercising the Required Purchase and UBC shall, within 15 Business Days after its receipt of the appraisal containing the determination of Fair Market Value referred to in Section 7.2(g)(i), deliver to Corix a written notice stipulating its election to purchase either the Purchased Assets or the Purchased Shares.
Such Required Purchase by TDF of the Company CTSH Shares shall, subject to the satisfaction or waiver of the Conditions Precedent and the nonoccurrence of any such event as aforesaid, close thirty days after announcement of the abandonment or termination of such Business Combination, Unsolicited Offer, or Special Business Combination, as applicable (or, if later, the second Business Day following the date of the satisfaction or waiver of the Conditions Precedent).
In connection with the required purchase of Subordinated Notes pursuant to the preceding sentence, the Borrower (at the direction of the Collateral Manager) shall notify the Subordinated Investors of the Required Purchase Amount to the extent that amounts on deposit in the Capital Account and representing the proceeds from the issuance of Subordinated Notes are less than the Required Purchase Amount.
It is understood that the quantities of the Products specified in the first two (2) months of each forecast are binding on SeraCare, whereas the remainder are non-binding estimates of SeraCare's projected purchases of the Products in excess of the Minimum Required Purchase Amount.
The Initial Purchase Payment must be greater than or equal to the Minimum Required Purchase Payment shown on the Contract Schedule, and cannot be greater than the Maximum Total Purchase Payments shown on the Contract Schedule without our prior approval.
Upon payment of the Required Purchase Price for a particular Mortgage in accordance with the foregoing, MCAN shall be deemed to have sold, without further instrument or formality, all of its right, title and interest in and to such Ineligible Mortgage in accordance with Section 2.9 and MCLP shall assume and thereafter perform all obligations of MCAN under such Mortgage.
In such event, and subject to Section 7.4(2), MCLP shall have 10 days from its receipt of such notice to either cure the circumstance which gave rise to such Mortgage being an Ineligible Mortgage, or pay to MCAN an amount equal to the Required Purchase Price therefor at such time.
In such event, all of the proceeds shall be paid to Lessor, and Lessee shall not be entitled to any part thereof (except for a reasonable amount for the depreciated value of its improvements), but the rental for the remaining term and the Required Purchase Price, as defined below, shall be equitably adjusted.