UNEXCO definition

UNEXCO means UNEXCO, Inc., a Delaware corporation and wholly owned Subsidiary of the Company. EXHIBIT 2.01 [FORM OF NOTE] UNIVERSAL SEISMIC ASSOCIATES, INC. 12% SENIOR SECURED GENERAL OBLIGATION NOTE No. [ ] March 27, 1997 $ [ ] FOR VALUE RECEIVED, the undersigned, UNIVERSAL SEISMIC ASSOCIATES, INC. a Delaware corporation (the "COMPANY"), hereby promises to pay to , or registered assigns, the principal sum of and /100 DOLLARS ($ ), together with interest (computed on the basis of a 360-day year of twelve 30-day months) (a) on the unpaid principal balance hereof at the rate of twelve percent (12%) per annum from the date hereof, until the principal hereof shall have become due and payable, and (b) on any overdue payment of principal or interest, at a rate per annum from time to time equal to fifteen percent (15%); provided, however, in no event shall such rate of interest ever exceed the Highest Lawful Rate (as defined in the Note Purchase Agreement referred to below). This Note shall be due and payable as follows:
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UNEXCO means UNEXCO, Inc., a Delaware corporation and wholly owned Subsidiary of the Company. Exhibit 2.01 UNIVERSAL SEISMIC ASSOCIATES, INC. 12% SENIOR SECURED GENERAL OBLIGATION NOTE No. SN-12 August 6, 1997 $____________ FOR VALUE RECEIVED, the undersigned, UNIVERSAL SEISMIC ASSOCIATES, INC., a Delaware corporation (the "Company"), hereby promises to pay to ______________, a Delaware limited partnership, or registered assigns, the principal sum of _______________and NO/100 DOLLARS ($___________), together with interest (computed on the basis of a 360-day year of twelve 30-day months) (a) on the unpaid principal balance hereof at the rate of twelve percent (12%) per annum from the date hereof, until the principal hereof shall have become due and payable, and (b) on any overdue payment of principal or interest, at a rate per annum from time to time equal to fifteen percent (15%); provided, however, in no event shall such rate of interest ever exceed the Highest Lawful Rate (as defined in the Note Purchase Agreement referred to below). This Note shall be due and payable as follows:
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Examples of UNEXCO in a sentence

  • The Noteholders entered into a Note Purchase Agreement dated as of December 20, 1996 (the "Original Note Agreement") with UNEXCO, INC.

  • Except for oil and gas exploration and production operations to be conducted by UNEXCO, the Company will not, and will not permit any of its Subsidiaries to, directly or indirectly engage to a material extent in any business other than those in which it is presently engaged or that are directly related thereto, or discontinue any of its existing lines of business or substantially alter its method of doing business.

  • Without limiting the generality of the foregoing, the Company and its Subsidiaries (other than UNEXCO) shall not engage in any oil and gas exploration and production operations or business.

  • During the term of the AMI (as defined in Section 4.1 below) hereunder, UNEXCO shall have the right to come into BOG's offices at mutually agreeable times to review the Program Data and BOG's interpretations with BOG and give BOG input with respect to the interpretations prepared by BOG.

  • The Parties recognize and acknowledge that under the terms of the Welder Option, an interest in the Welder Option or any Lease obtained by exercising the Welder Option may not be assigned to UNEXCO or any other party without first obtaining the Welder Heirs' consent to such assignment.

  • BOG shall also provide UNEXCO with copies of interpretations generated by BOG.

  • The Noteholders have entered into a Note Purchase Agreement dated as of December 20, 1996 (said Agreement, as it may hereafter be amended or otherwise modified from time to time, being the "NOTE AGREEMENT") with UNEXCO, INC.

  • In addition, BOG agrees to reimburse UNEXCO for BOG's 50% share of the initial $12,500 payment actually made to Cinnabar pursuant to the Cinnabar Agreement within 15 days after receipt from UNEXCO of a written invoice for such amount, and BOG agrees to reimburse UNEXCO for BOG's 50% share of the second and final $12,500 payment actually made to Cinnabar pursuant to the Cinnabar Agreement within 15 days after receipt from UNEXCO of written request for same.

  • Anything to the contrary contained above notwithstanding, the Parties recognize that BOG has already made payment to WGC for lease bonuses that have already been paid to obtain Leases (including the First State Lease) within the AMI and concurrent with its execution of this Agreement, UNEXCO shall reimburse BOG for UNEXCO's 30% Ownership Interest share of the payments previously made to WGC.

  • UNEXCO shall invoice BOG for BOG's fifty percent (50%) share of any Geophysical Program Costs properly incurred by UNEXCO in accordance with this Agreement as such costs are incurred; BOG shall have fifteen (15) business days from receipt of the invoice to forward UNEXCO payment in full.