Additional Consideration for the Subordination Agreement Sample Clauses

Additional Consideration for the Subordination Agreement. (a) The Seller has agreed to accommodate the Purchaser's request to subordinate its security interests in the Equipment pursuant to the MPC, EPA, and this Amendment #1 so as to satisfy the Purchaser's purposes and intents as it relates to the ownership of the Equipment
Sample 1
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Additional Consideration for the Subordination Agreement. (a) The Seller has agreed to accommodate the Purchaser's request to subordinate its security interests in the Equipment pursuant to the MPC, EPA, and this Amendment #1 so as to satisfy the Purchaser's purposes and intents as it relates to the ownership of the Equipment and the Note executed to the benefit of LENDER, or the Substitute Equipment, as applicable. The Seller has incurred extraordinary costs and expenses in such endeavors on behalf of the Purchaser, and is due consideration for such accommodation, and the Purchaser hereby agrees to pay, at the closing of the first equity funding event of the_____________, or any alternate source utilized by the Purchaser, seventy-five thousand dollars ($75,000) to the Seller, and at the closing of the second tranche of the first equity funding event of the _________ Fund, or any alternate source utilized by the Purchaser, twenty-five thousand dollars ($25,000), in the form of cash, or registered securities of the Purchaser or its successors or any other securities acceptable to the Seller, or securities exempt from registration under the Securities Act(s). Such payment shall be subject to the terms of this MPC, and payable pursuant to those terms and conditions.
Sample 1
Additional Consideration for the Subordination Agreement. (a) The Seller has agreed to accommodate the Purchaser's request to subordinate its security interests in the Equipment pursuant to the MPC, EPA, and this Amendment #1 so as to satisfy the Purchaser's purposes and intents as it relates to the ownership of the Equipment and the Note executed to the benefit of LENDER, or the Substitute Equipment, as applicable. The Seller has incurred extraordinary costs and expenses in such endeavors on behalf of the Purchaser, and is due consideration for such accommodation, and the Purchaser hereby agrees to pay, at the closing of the first equity funding event of the_____________, or any alternate source utilized by the Purchaser, seventy-five thousand dollars ($75,000) to the Seller, and at the closing of the second tranche of the first equity funding event of the _________ Fund, or any alternate source utilized by the Purchaser, twenty-five thousand dollars ($25,000), in the form of cash, or registered securities of the Purchaser or its successors or any other securities acceptable to the Seller, or securities exempt from registration under the Securities Act(s). Such payment shall be subject to the terms of this MPC, and payable pursuant to those terms and conditions. (b) The Purchaser shall direct Lender to pay Two hundred thirty-two thousand nine hundred dollars ($232,900) to the Seller's Agent, on its behalf, coincident with the availability of funds received from the LENDER Note, for the payment and reimbursement of Pre-Closing and Closing cost and deposits, as is due pursuant to the EPA and MPC of May 31,
Sample 1

Related to Additional Consideration for the Subordination Agreement

  • Effective Date; Termination of Prior Intercompany Tax Allocation Agreements This Agreement shall be effective as of the Effective Time. As of the Effective Time, (i) all prior intercompany Tax allocation agreements or arrangements solely between or among BGC Partners and/or any of its Subsidiaries shall be terminated, and (ii) amounts due under such agreements as of the date on which the Effective Time occurs shall be settled. Upon such termination and settlement, no further payments by or to the BGC Group, or by or to the Newmark Group, with respect to such agreements shall be made, and all other rights and obligations resulting from such agreements between the Companies and their Affiliates shall cease at such time. Any payments pursuant to such agreements shall be disregarded for purposes of computing amounts due under this Agreement; provided, that to the extent appropriate, as determined by BGC Partners, payments made pursuant to such agreements shall be credited to the Newmark Entities or the BGC Entities, respectively, in computing their respective obligations pursuant to this Agreement, in the event that such payments relate to a Tax liability that is the subject matter of this Agreement for a Tax Period that is the subject matter of this Agreement.

  • Estoppel Certificate or Subordination Agreement Tenant fails to execute any document required from Tenant under Sections 23 or 27 within 5 days after a second notice requesting such document.

  • Additional Covenants Agreements and Acknowledgements a. [Intentionally Omitted].

  • Agreement to Terms of Subordination; Payments from Monies Received Only (a) Each Trustee hereby (i) acknowledges and agrees to the terms of subordination and distribution set forth in this Agreement in respect of each Class of Certificates and (ii) agrees to enforce such provisions and cause all payments in respect of the Equipment Notes held by the Subordination Agent and the Liquidity Facilities to be applied in accordance with the terms of this Agreement. In addition, each Trustee hereby agrees to cause the Equipment Notes purchased by the related Trust to be registered in the name of the Subordination Agent or its nominee, as agent and trustee for such Trustee, to be held in trust by the Subordination Agent solely for the purpose of facilitating the enforcement of the subordination and other provisions of this Agreement.

  • Amendments; Waivers; No Additional Consideration No provision of this Agreement may be waived or amended except in a written instrument signed by the Company, Parent and the Shareholders. No waiver of any default with respect to any provision, condition or requirement of this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission of any Party to exercise any right hereunder in any manner impair the exercise of any such right.

  • Intercompany Subordination Agreement The Administrative Agent shall have received the Intercompany Subordination Agreement, duly executed and delivered by each Loan Party.

  • Additional Consideration Retrocessionaire agrees to pay under the Inuring Retrocessions all future premiums Retrocedant is obligated to pay pursuant to the terms of the Inuring Retrocessions to the extent that such premiums are allocable to Retrocessionaire in the manner set forth in Exhibit E hereto, and not otherwise paid by Retrocessionaire and to indemnify Retrocedant for all such premiums paid directly by Retrocedant, net of any ceding commissions and similar amounts paid by Third Party Retrocessionaires to Retrocedant.

  • Repurchase by Agreement The Trust may repurchase Shares directly, or through the Distributor or another agent designated for the purpose, by agreement with the owner thereof at a price not exceeding the Net Asset Value per Share determined as of the time when the purchase or contract of purchase is made or the Net Asset Value as of any time which may be later determined, provided payment is not made for the Shares prior to the time as of which such Net Asset Value is determined.

  • Binding Effect; Continuing Agreement (a) This Loan Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and assigns.

  • Additional Considerations For each mediation or arbitration:

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