RHAC definition
Examples of RHAC in a sentence
All transfer, documentary, sales, use, stamp, registration and other similar Taxes and fees (including any penalties and interest) incurred in connection with this Agreement shall be borne fifty percent (50%) by Purchaser and fifty percent (50%) by GEC, except that any transfer Taxes arising from the distribution of RHAC Holdings, LLC and Waipouli Holdings, LLC shall be borne by GEC.
It is acknowledged and agreed that RHAC Holdings, LLC and Waipouli Holdings, LLC will not be considered to be Affiliates of GEC or Seller for purposes of this Section 6.14.
It is acknowledged and agreed by the parties that, prior to the Closing, the ownership interest held by RQIH in RHAC Holdings, LLC and Waipouli Holdings LLC will be distributed and/or transferred by RQIH to GEC or an Affiliate of GEC prior to Closing and that no Company or any Subsidiary of any Company will hold an ownership interest in RHAC Holdings, LLC or Waipouli Holdings LLC at the Closing, or have any liability or obligation arising out of or related to such ownership interest.
Each party to this Agreement agrees that Holdings shall cause the board of directors of RHAC to at all times consist of the same individuals who comprise the Board of Directors of Holdings.
At the Closing, Holdings shall contribute the proceeds from the subscription of shares to RHAC and will cause RHAC to make appropriate contributions of capital and intercompany loans to its subsidiaries in order for those subsidiaries to pay the amounts called for in the Rose Hills Agreements.
On the Closing Date, RHAC will obtain a term loan in a principal amount of $75 million (the "Term Loan"), pursuant to an agreement among RHAC and a syndicate of financial institutions, which agreement shall also provide for a $25 million revolving credit facility to be made available to RHAC.
At the request of RHAC or RH Holdings, ▇▇▇▇▇▇ will provide full corporate development support for potential acquisitions.
PROGRAM NAME: Reliable Programs, Compass Programs, Drivers Armor, GAP ACCEPTED AND AGREED: ACCEPTED AND AGREED: Agent # Date: Title: Company Name: RHAC, LLC By: Name: Agent Name: By: Name: Title: Date: Name of Agency: Name and Title of Principal: Phone (Office): Phone (Cell): Alt.
I also authorize RHAC, LLC to make withdrawals from this account in the event that a credit entry is made in error.
RHAC agrees that it will not solicit transactions through third parties acting as agents for others; provided, the foregoing shall not limit the ability of RHAC to source potential acquisitions directly or to compensate third parties who are not engaged by RHAC as agent but who have referred unsolicited acquisitions of funeral homes or cemeteries to RHAC.