SHCI definition
Examples of SHCI in a sentence
The Executive, SHCI and the Company agree that the language used in this Agreement is the language chosen by the parties to express their mutual intent, and that no rule of strict construction is to be applied against any party hereto.
This Agreement, the Note, the Exchange Agreement and the other documents delivered in connection therewith constitute the entire agreement of the parties hereto with respect to the subject matter hereof and thereof and supersede all prior agreements and undertakings, both written and oral, between SHCI, Manolete and the Management Representative, on the one hand, and the Holder, on the other hand, with respect to the subject matter hereof and thereof.
This Agreement shall not be assignable by Executive and shall be assignable by the Company or SHCI only to its successors, parents, subsidiaries, affiliates or divisions, provided that any assignment by the Company or SHCI shall not, without the written consent of Executive, relieve the Company or SHCI of its obligations hereunder.
So long as the Note is outstanding, Manolete hereby covenants and agrees that an amount in cash equal in value to the Participation Percentage (as defined below) of the proceeds of all Distributions (as defined below) shall be made first to SHCI, and then promptly applied by SHCI as a prepayment to the Note in accordance with Section 4 thereof.
Subject to the terms and conditions herein set forth, SHCI agrees to purchase and Security Capital agrees to sell on the Closing Date (as hereinafter defined) the Securities, free and clear of all liens, encumbrances, claims and security interests, for the applicable Purchase Price (as hereinafter defined).
The name of the Company is SHCI Santa ▇▇▇▇▇▇ Beach Hotel, L.L.C. The Company's business may be conducted under any other name or names deemed advisable by the Managing Member, including the name of the Managing Member or any Affiliate thereof.
SHCI is duly organized, validly existing and in good standing under the laws of the State of Delaware.
This Agreement, the Note, the Exchange Agreement and the other documents delivered in connection therewith constitute the entire agreement of the parties hereto with respect to the subject matter hereof and thereof and supersede all prior agreements and undertakings, both written and oral, between SHCI, MPT and the Management Representative, on the one hand, and the Holder, on the other hand, with respect to the subject matter hereof and thereof.
The Managing Member may not transfer any of its Managing Member Interest (other than any transfer to a wholly owned subsidiary of SHCI or of the Managing Member) or withdraw as Managing Member (other than pursuant to a permitted transfer), other than in connection with a transaction described in Section 11.2(b).
In addition, on the first business day of the calendar month following completion of the Family Move (as defined below), provided Executive has provided notice of the Family Move to the Company, Executive shall receive an additional grant of Stock Units in a number equal to $200,000 divided by the closing price for SHCI common stock on such grant date.