SEPI definition
Examples of SEPI in a sentence
Upon payment of the refunded amount, SEPI shall also return to CEP for cancellation the Class A Unit Certificate that was issued by CEP to SEPI on August 9, 2013.
However, if CEPM elects this delay to the Delayed Determination Date, the Initial Deficiency Payment Date shall also be delayed by four months to April 29, 2015 and no payment will be due from SEPI or its designee until April 29, 2015 (the “Delayed Deficiency Payment Date”).
For the avoidance of doubt, any part of any Deficiency Payment due under this Section may be made by SEPI or its designee (other than CEP).
CEP represents and warrants that, with respect to the acquisition(s) of Company Securities (including the Class A Units cancelled under this Section 1 and any derivative securities) that will be effected by CEP from SEPI pursuant to this Agreement, the Board or a Committee of the Board comprised solely of two or more non-employee directors within the meaning of Rule 16b-3 under the Exchange Act has approved such acquisition(s) in accordance with Rule 16b-3(d)(1) and (e) promulgated under the Exchange Act.
Without the prior written consent of SEPI, CEPM shall not transfer or sell, directly or indirectly, any of the Subject Units to, and PostRock shall not transfer or sell, directly or indirectly, in one or a series of transactions, its interest in CEPM (or any entity that controls CEPM, either directly or indirectly through its control of another entity) to, another member of the Restricted Group.
Effective upon the payment by SEPI to CEPM in the amount of $1 million, SEPI hereby purchases from CEPM Class B Units belonging to CEPM at the Subject Unit Target Price in the total amount of $1 million.
Effective upon the payment by SEPI to CEPM under Section 2, CEPM hereby transfers to SEPI and SEPI hereby acquires directly from CEPM 100% of the Class A Units belonging beneficially and of record to CEPM (which CEPM represents and warrants consisted of 484,505 Class A Units as of September 30, 2013 (the “Unit Date”), the date as of which CEP disclosed the number of outstanding Class A Units in its most recently filed Form 10-Q with the Securities and Exchange Commission (“SEC”)).
CEPM (or any Permitted Transferee) may also engage in open market sales of the Subject Units outside such underwritten offering(s) for a sales price below the Agreed Minimum Price upon prior written approval by SEPI.
ADVERTISER hereby agrees to indemnify SEPI Marketing for all expenses it may incur to enforce collection of any amount due under this agreement and ADVERTISER agrees to pay all collection costs, reasonable attorney’s fees and court costs incurred in such collection.
Upon failure or neglect of ADVERTISER to pay all or any portion of the amount as agreed to above, at the option of Southeast Publications a division of SEPI Marketing Corp (hereinafter referred to as "SEPI Marketing"), the entire balance of this agreement together with any finance charges, shall become immediately due and payable.