SMHG definition
Examples of SMHG in a sentence
The Borrower shall have established its primary operating accounts with the Lender pursuant to one or more Cash Management Agreements (each, an "SMHG Operating Account").
Each of SMHG, Edelman, and ▇▇▇▇▇ agrees to contribute (a “Required Contribution”) to EFA cash in an amount equal to its or his pro rata portion (based on its or his Units of interest in EFA) of the net cost of operating EFA, to the extent of cash distributions by EFC LLC to (a) SMHG (in the case of SMHG), (b) EFC Inc (in the case of Edelman) or (c) ▇▇▇▇▇ (in the case of ▇▇▇▇▇).
In the event that the SMHG stops offering BlueCross/Blue Shield products, or in the event that the Town leaves the SMHG, the Town may offer an equivalent coverage plan as determined by the Town, which shall include equivalent access to health care services in Rhode Island and equivalent or less expensive plan costs (i.e. premiums, co-pays, and deductibles).
No Loan Party has established or is maintaining, for its own account, any deposit account, securities account or commodity account with any other Person, other than (i) the SMHG Operating Accounts, (ii) the Clearing Accounts in effect on the date hereof, (iii) the L/C Collateral Account in effect on the date hereof, and (iv) the deposit accounts described on Schedule 4.25 as in effect on the date hereof (such scheduled accounts being referred to herein collectively as the "Existing Accounts").
Enter into, or amend, modify or supplement in any respect, any SMHG - Salient Intercreditor Agreement, in each case without the prior written consent of the Lender.
If at any time Edelman, Moore, or SMHG (the “Seller”) desires (or is required) to sell or otherwise transfer (a “Proposed Transfer”) any Units in EFC LLC and/or EFA (the “Offered Units”) in any manner to any person (the “Buyer”) other than in a Permitted Transfer (as hereinafter defined), the Seller shall first give a Transfer Notice to the other members of EFC LLC and/or EFA, as the case may be (the “Other Members”).
Salient Partners has delivered to SMHG accurate and complete copies of the unaudited balance sheet of each of Advisors and Capital as of March 31, 2003, and the related unaudited statements of income and partner’s capital for the three-month period then ended (collectively, the “Financial Statements”).
Accordingly, in such an example, SMHG would have a $4.5 million Liquidation Preference and the remaining consideration of $37.5 million would be split 50% - 50% between the Salient Parties and SMHG; provided, however, that in no event shall the Liquidation Preference apply in the event that SMHG exercises its Purchase Option on or before December 31, 2004.
From and after the Closing, PAC3 agrees to defend, indemnify and hold the SMHG Indemnified Parties harmless from and against any and all Losses which may be sustained or suffered by any SMHG Indemnified Party based upon, arising out of, or by reason of (i) any breach of any representation or warranty made by PAC3 in this Agreement or any Ancillary Agreement, and (ii) any breach of any covenant or agreement made by PAC3 in this Agreement or any Ancillary Agreement.
Following determination of Fair Market Value pursuant to Section 8.1, Salient Partners shall have the right to buy from SMHG, and SMHG shall be obligated to sell, its interests in the Newco Group at the Fair Market Value; provided, however, that the Fair Market Value shall be appropriately adjusted to reflect the net decline in pre-tax earnings that result due to the anticipated payment of the SMHG Residual Net Revenues (hereafter defined).