SHC Agreement definition

SHC Agreement means that certain Purchase and Sale Agreement dated of even date herewith by and between Purchaser, as sellers, and SHC, as purchaser, pursuant to which SHC has agreed to purchase, and Purchaser has agreed to sell, the HdC Interests described therein, a copy of which is attached as Exhibit G hereto.
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Examples of SHC Agreement in a sentence

  • Sellers and Purchaser agree that if the transaction contemplated by the SHC Agreement is terminated prior to its consummation, and SHC forfeits all or any portion of the Deposit (as defined in the SHC Agreement) in connection with such termination, the Sellers, on the one hand, and Purchaser, on the other hand, shall each be entitled to one half of such Deposit actually received by Purchaser.

  • Purchaser acknowledges that the SHC Agreement obligates Purchaser and SHC to use diligent commercially reasonable good faith efforts to cause the conditions precedent to their respective obligations under the SHC Agreement to be fully satisfied, performed and discharged on and as of the Closing Date.

  • Except as contemplated by Section 7.16 of the SHC Agreement or to the extent necessary to accomplish the contribution of real property for the North Beach Project, Sellers shall not permit (i) any amendment or change to organizational documents of any Acquired Entity; or (ii) permit any such Acquired Entity to issue any equity interests of any kind or transfer any equity interests in any manner whatsoever or any transfer or encumbrance of any HdC Interest owned by any Seller.

  • Subject to the satisfaction of all applicable conditions precedent to Closing hereunder set forth in Section 6.2, there are no outstanding interests, securities, rights, subscriptions, warrants, options, agreements, or contracts that give any Person the right to purchase or otherwise receive or be issued any legal or beneficial ownership in any Acquired Entity, other than this Agreement, the Acquired Entity Organizational Documents and the SHC Agreement.

  • Purchaser hereby represents to Sellers that Purchaser has the right under the SHC Agreement to approve press releases relative to the transaction contemplated thereby except to the extent as required by law or the regulations of the Securities and Exchange Commission or Stock Exchange.

  • The second paragraph of Section 6.3 of the Agreement is hereby amended to read as follows: Within twenty (20) days after the last day of each month, Borrower shall deliver to Bank aged listings of accounts receivable and accounts payable.

  • Closing under SHC Agreement with respect to the transactions contemplated thereby shall have occurred simultaneously with the Closing hereunder.