Examples of TWE Redemption Agreement in a sentence
The TWE Redemption Agreement also contains other customary covenants with respect to the operation of the TWE Redemption Systems during the period from the date of the TWE Redemption Agreement through the consummation of the TWE Redemption.
In the event that both the TWE Redemption Agreement and TWC Redemption Agreement are terminated prior to completion of the Redemption Transactions, TWC will redeem a portion of the TWC Class A Common Stock held by Comcast Trust II pursuant to the Tolling and Optional Redemption Agreement, dated September 24, 2004, as amended (the “Failsafe Agreement”), entered into by TWC and certain other members of the TWC Group and Comcast and certain other members of the Comcast Group.
The bill defines a RCC as a facility whose primary purpose is to provide recovery care services, to which the patient is admitted and discharged within 72 hours, and is not part of a hospital.
The TWE Redemption Agreement contains various customary covenants regarding the transfer of the employment of these employees.
The TWE Redemption Agreement also provides that TWE will provide the Comcast Group with financial statements and related information to permit the Comcast Group to satisfy its obligations under applicable securities laws.
On April 20, 2005, TWC and certain other members of the TWC Group and Comcast and certain other members of the Comcast Group entered into the TWE Redemption Agreement, pursuant to which, among other things, Comcast’s interests in TWE will be redeemed (the “TWE Redemption,” and, together with the TWC Redemption, the “Redemption Transactions”).
The representations and warranties of the parties to the TWE Redemption Agreement will survive the closing of the TWE Redemption Agreement for a period of one year and certain representations and warranties will survive indefinitely or will survive until the expiration of the applicable statute of limitations (giving effect to any waiver, mitigation or extension thereof).
Updated subscriber information from Time Warner indicates that 164,561 subscribers would be transferred to Comcast as a result of the TWE Redemption Agreement.
The TWE Redemption Agreement contains various customary representations and warranties of the parties thereto, including representations by TWE as to the absence of certain changes or events concerning the TWE Redemption Systems, compliance with law, litigation, employee benefit plans, property, intellectual property, environmental matters, financial statements, regulatory matters, taxes, material contracts, insurance and brokers.
Pursuant to the TWE Redemption Agreement, the interest of the Comcast trust in TWE will be redeemed by TWE in exchange for ownership of an entity that will own cable systems serving approximately 168,000 basic subscribers (as of December 31, 2004) and hold approximately $133 million in cash.The closings of the Exchanges and the Redemptions are, in each case, subject to the satisfaction or waiver of conditions customary to transactions of these types, including receipt of applicable regulatory approvals.