Examples of Xxxxxx Partnerships in a sentence
Spinco shall, and prior to the Offer Purchase Date the Company shall, use their respective best efforts to cause the Xxxxxx Partnerships and all other holders of the Xxxxxx Preferred Stock (if any) to exchange all issued and outstanding shares of Xxxxxx Preferred Stock for shares of capital stock or other equity securities of either Spinco, any Spinco Company or any Subsidiary of Spinco.
Spinco agrees to indemnify, defend and hold harmless the Company and each Parent Indemnified Party in accordance with the indemnification provisions of Article V hereof, from and against any and all Indemnifiable Losses of the Company and any such Parent Indemnified Party arising out of, relating to or resulting from the ownership of any shares of Xxxxxx Preferred Stock by the Xxxxxx Partnerships and all other holders of the Xxxxxx Preferred Stock (if any).
Effective June 1, 1992, the Company acquired the minority equity interest in LAH held by the Xxxxxx Partnerships through the issuance of 12,313,810 shares of Loral Common Stock and 627.3 shares of LAH Series S Preferred Stock.
As a result of the issuance of the Series S Preferred Stock, the Xxxxxx Partnerships have no economic interest in LAH other than with respect to the SS/L operations.
The acquisitions of LFS, LVS and the Xxxxxx Partnerships' equity interest in LAH have been accounted for as purchases.
Each of the Xxxxxx Partnerships represents that it has no current plans to move or otherwise close the Arlington, Virginia and Dallas, Texas facilities of TELAC.
In addition, SpaceCom shall cause GTL to contribute to the amount paid or payable by each Xxxxxx Partnership, and each Xxxxxx Partnership shall contribute to the amount paid or payable by SpaceCom, in respect of any Losses on the same terms that Loral and the Xxxxxx Partnerships are obligated to contribute to the losses, claims, damages or liabilities referred to in Section 4.4 of the Registration Rights Agreement.
The number of GTL Shares and Loral Shares to be acquired by, and the portion of the Cash Consideration to be paid to, each of the Xxxxxx Partnerships is set forth on Schedule A hereto and the number of shares of Tracking Stock held by each of the Xxxxxx Partnerships (all of which are to be exchanged and purchased at the Closing hereunder) to be acquired by each of Loral and SpaceCom is set forth on Schedule B hereto.
TELAC shall, at the Xxxxxx Partnerships' discretion, have entered into new agreements with Sprint or shall have received a consent to assignment from Sprint of the existing Sprint agreement, in either case, which such new agreements or consent shall be in form and substance satisfactory to the Xxxxxx Partnerships.
The resolve appears to bring more initiatives, which also means the broadening of the agenda.