Sentient definition
Examples of Sentient in a sentence
The Parties entered into a Closing Agreement dated as of February 20, 2003 (the "Closing Agreement") and pursuant to that agreement, NSHoldings executed and delivered a promissory note (the "Note") in the amount of $24,000,000, due March 24, 2003, payable to Sentient Fund and Sentient Trust (collectively, the "Sentient Entities").
Neither Sentient nor (if applicable) a Majority of the Holders may declare an Event of Default while there are any Series A Debentures outstanding unless an Event of Default has been declared with respect to the Series A Debentures.
Sentient II LP shall have received a release in the form attached hereto as Exhibit B, executed by Mars and the Mars Trust.
The parties do not intend to transfer or to terminate the obligations of Mars or the Mars Trust pursuant to that certain letter dated March 19, 2004, from AmerAlia, Mars, and the Mars Trust addressed to Sentient Global Resources Trust No. 1 and Sentient Global Resources Fund I, L.P. concerning release and waiver of claims that are described therein.
Sentient II LP will cause Mars and/or the Mars Trust to be removed from any exposure related to bonding and/or letters of credit for the assets and operations of NSI and NSHI, thereby freeing up any letters of credit posted by Mars or the Mars Trust for such bonding or otherwise posted.
Nothing in this Agreement shall entitle any party other than Sentient II LP, Mars and the Mars Trust to any claim, cause of action, remedy or right of any kind.
A copy of a pay off quote or other satisfactory proof of payment shall be delivered to Sentient II LP.
For so long as Sentient holds any of the Secured Series B2 Debentures, only Sentient may declare an Event of Default under the Secured Series B2 Debentures on 15 days' written notice to the Company.
In consideration for the Mars Interests, at the Closing, Sentient II LP shall pay to Mars Trust the purchase price of Five Million and no/100 Dollars ($5,000,000) (“Minimum Payment”) plus the Contingent Payment, if earned.
Sentient and AmerAlia each represent that it possesses experience and sophistication as an investor which are adequate for the evaluation of the merits and risks of making the additional capital contribution to Holdings.