THC LLC definition
Examples of THC LLC in a sentence
PNPL hereby agrees that it shall be solely liable for all amounts owed to Mr. Salem under the Employment Agreement, the Salem Note and for the Full Note Payment (collectively, the “Salem Obligations”) and that, as of the Execution Date, THC LLC is not and shall not be liable for payment or satisfaction any of the Salem Obligations.
PNPL hereby absolutely, unconditionally and irrevocably waives, releases and abrogates any and all rights it may now or hereafter have under any agreement, at law or in equity, to assert any cross claims or any other Claims against THC LLC arising out, related to or in connection with the Salem Obligations or PNPL’s sole liability for and payment of the Salem Obligations.
This Agreement, the Transaction Documents and the Forbearance Transaction Documents have been duly executed and delivered to the Stockholder Representative and the Noteholders by PNPL, THC LLC and M▇.
THC LLC is the sole and absolute legal owner of the Company Assets and the Company Owned Intellectual Property Rights and neither PNPL, THC LLC nor M▇.
The execution, delivery and performance of this Agreement by PNPL, THC LLC and ▇▇.
Upon full satisfaction of the Return Obligations in accordance with Section 4.1 herein, PNPL hereby agrees to prepare and deliver to the Stockholder Representative an Assignment and Transfer Agreement (the “Transfer Agreement”) which the Noteholders shall execute in order to assign and transfer back to PNPL of the 100% THC LLC Ownership Interests.
In consideration of the agreements of Stockholder Representative, THC LLC and each Noteholder contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and notwithstanding anything to the contrary herein or in any other Transaction Document or Forbearance Transaction Document, PNPL and ▇▇.
THC LLC is the sole and absolute legal owner of the Company Assets and the Company Owned Intellectual Property Rights and neither PNPL, THC LLC nor ▇▇.
This Agreement constitutes a valid and legally binding obligation of PNPL, THC LLC and ▇▇.
This Agreement constitutes a valid and legally binding obligation of PNPL, THC LLC and M▇.