WOAC definition
Examples of WOAC in a sentence
This Agreement may, prior to the issuance of the Certificate of Amalgamation, be terminated by any Party, notwithstanding the approval of this Agreement by the Osum Shareholders and the shareholders of WOAC.
WOAC and Osum have agreed to amalgamate pursuant to the ABCA (as defined below) and upon the terms and conditions set forth herein and continue as one corporation.
RELEASE/WAIVER: The Lender waives and releases the WOAC, West Orange Arts Center, and Township of West Orange and disclaims all such liability for loss or damage to Objects.
After giving effect to the Network Transactions, SATH is the record and beneficial owner and holder of all of the Pledged Stock of KCNS, WMFP, WOAC, Holdings and Network Operating Company and WMFP is the record and beneficial owner of all of the Pledged Stock of SAH License.
If following the Closing, the closing of the sale of WOAC shall not occur by reason of a breach by Purchaser of this Agreement, the escrow agent shall deliver such $3,600,000, together with any interest thereon, to the Trustee who shall be entitled to retain such funds as liquidated damages, for such breach and not as a penalty.
If following the Closing, the closing of the sale of WOAC shall not occur by reason of a breach by Purchaser of this Agreement, the escrow agent shall deliver such $1,750,000, together with any interest thereon, to the Trustee who shall be entitled to retain such funds as liquidated damages for such breach and not as a penalty.
If any such proceeding is determined adversely to Debtors and Purchaser such that Debtors shall be unable to transfer WOAC to Purchaser, other than by reason of Purchaser's breach of this Agreement, Debtors shall not be required to transfer WOAC to Purchaser, and the Purchaser shall be entitled to an adjustment in the Purchase Price as provided for in Section 3.2(b).
By SAH ACQUISITION CORPORATION By THIS LOAN AND SECURITY AGREEMENT (this “Agreement”) is dated as of , 2002, among (formerly known as SHOP AT HOME, INC.), a Tennessee corporation (“SATH”), KCNS, INC., a Tennessee corporation (“KCNS”), WMFP, INC., a Tennessee corporation (“WMFP”), WOAC, INC., a Tennessee corporation (“WOAC”), and SAH LICENSE, INC., a Nevada corporation (“SAH License”), as the borrowers (each of the foregoing individually, a “Borrower” and, collectively, the “Borrowers”), and THE E.▇.
The execution and delivery of this Agreement by WOAC has been duly authorized by the board of directors of WOAC and the shareholders of WOAC have approved the adoption of this Agreement and the Amalgamation.
The undersigned (“Lender” or “Owner”) lends to The West Orange Arts Council (“WOAC”), ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, the art and other objects identified below (“Objects”) for the period described below, subject to the terms and conditions set forth herein, and understands and agrees to be bound by all terms and conditions of this agreement with the WOAC.