TWEC definition
Examples of TWEC in a sentence
Such Seller is acquiring the TWEC Shares received by such Seller pursuant to this Agreement for such Seller’s own account and not with a view to distribution within the meaning of Section 2(a)(11) of the Securities Act.
Such Seller, or an advisor or consultant relied upon by such Seller, has sufficient knowledge and experience in financial, tax and business matters so as to be capable of evaluating the merits and risks of acquiring the TWEC Shares received by such Seller pursuant to this Agreement and such Seller is capable of bearing the economic risks of such investment, including a complete loss of its investment.
Upon payment by TWEC of all amounts due under the Leases as provided herein, Debtor shall cooperate with TWEC in order to terminate the letter of credit required to be posted under this paragraph.
On the Closing Date, in connection with the Store Closing Sales, Agent will use those Merchant’s store-level employees employed at Stores other than TWEC Stores (each such employee, a “Retained Employee”).
The Debtor agrees to pay all amounts in respect of the Leases not payable by TWEC pursuant to this Letter Agreement.
TWEC, in its sole and complete discretion, shall offer employment to the TWEC Store Employees on terms and conditions substantially similar to those that existed as of the Closing Date.
The Assumption and Cure Notice will include the identity of TWEC (with contact information for any further inquiries regarding adequate assurance under section 365 of the Bankruptcy Code)).
Furthermore, you agree to not hold TWEC liable for any loss of income, outcome of call (as outlined below) or otherwise hold responsible for anything outside of the responsibilities of the DBS outlined below.
To the extent that the amount paid pursuant to clause (i) above is in excess of the Guaranteed Amount (after adjustment as described herein), Debtor shall pay to TWEC such excess within two (2) business days following the reconciliation by Debtor and TWEC of the Inventory Taking.
For each Assigned TWEC Store Lease for which buyer provides the Company with a Lease Assumption Notice, Buyer shall be responsible for and shall pay any Cure Claim with respect to such Assigned TWEC Store Lease; provided, however, that Buyer shall not be obligated to pay Cure Claims that, in the aggregate, exceed $4,200,000 in respect of all such Assigned TWEC Store Leases, and the Company shall be solely responsible for all or any portion of any Cure Claims in excess of $4,200,000.