PURCHASE OF PHILIPS definition

PURCHASE OF PHILIPS. INTEREST IN LITHIA TLM, L.L.C. Lithia will purchase from Philips and Philips will sell to Lithia the 19.99% ownership interest of Philips in Lithia TLM, L.L.C. in exchange for a purchase price of $700,000 payable by delivery by Lithia to Philips within ten days of the Effective Date of $135,000 and the cancellation of a note payable by Philips to Lithia which has an unpaid balance owing of $565,000.
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Related to PURCHASE OF PHILIPS

  • Technology Transfer Agreement has the meaning given in Section 2.2(e).

  • Sale and Purchase Agreement means all the agreements entered into from time to time (whether before, on or after the date of this Agreement) by the Borrower for the sale of the Units and shall include any one or more or all of the Sale and Purchase Agreements.

  • Alternate VRDP Shares Purchase Agreement means any agreement with a successor liquidity provider replacing the VRDP Shares Purchase Agreement (or any replacement therefor) upon its termination in accordance with its terms and containing a Purchase Obligation substantially similar to the Purchase Obligation therein, as determined by the Fund.

  • Transfer Agreement means the agreement providing for a transfer of structured settlement payment rights.

  • Final Notice of Purchase means, in connection with an Optional Tender or a Mandatory Tender, a Notice of Purchase delivered by the Tender and Paying Agent to the Liquidity Provider (or directly to the Liquidity Provider by Beneficial Owners or their Agent Members, in the case of an Optional Tender, or Holders, in the case of a Mandatory Tender, if there is no Tender and Paying Agent or for any reason the Tender and Paying Agent does not perform its obligations) on the Purchase Date indicating the number of VRDP Shares to be purchased on such date pursuant to the Purchase Obligation, or, in connection with a Mandatory Purchase, the Mandatory Purchase Notice delivered by the Fund or the Tender and Paying Agent on behalf of the Fund.